Smart Cities Industry Statistics

The smart cities industry is expected to experience significant growth in the coming years, driven by increasing urbanization, technological advancements, and a focus on sustainability and efficiency.

Statistic 1

"As of 2019, the global smart cities market is expected to reach a worth of around 2.46 trillion dollars by 2025 at a CAGR of nearly 20%."

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Statistic 2

"The most common smart city functions as of 2019 were smart meters for utilities, intelligent traffic management, and e-governance."

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Statistic 3

"As of 2020, Barcelona is said to save approximately 75 million euros each year thanks to the implementation of smart water technology."

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Statistic 4

"By 2025, it is expected that more than 80% of the world population will be living in cities consuming over 75% of energy resources."

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Statistic 5

"Approximately 43% of global Smart City funding will be spent on physical infrastructure by 2025."

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Statistic 6

"By 2020, San Francisco reduced its carbon emissions to 30% below 1990 levels, thanks, in part, to its smart city initiatives."

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Statistic 7

"Data analytics services are expected to grow at the highest CAGR of approximately 30.4% in the smart cities market from 2019 to 2025."

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Statistic 8

"European cities will invest approximately $14.85 billion in technology to become smarter in 2018."

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Statistic 9

"The smart city market is projected to reach $717.2 billion by 2023."

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Statistic 10

"In 2021, Chicago calculated it had saved $1 million by using sensor-based smart city technologies to improve pest control."

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Statistic 11

"Over 64% of mayors in a 2019 survey were working toward implementing smart city technology for weather and disaster response."

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Statistic 12

"As of 2020, there were 158 smart city initiatives in India."

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Statistic 13

"By 2025, the number of smart city devices powered by LPWAN (low-power, wide-area networks) will increase to over 65%."

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Statistic 14

"The Middle East and Africa smart cities market size was valued at USD 22.73 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 31.1% from 2020 to 2027."

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Statistic 15

"Spain had the highest number of smart cities in Europe as of October 2018, with 67 cities."

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Statistic 16

"Over 82% of cities have invested in online services and e-payment options, the most common smart city initiative."

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Statistic 17

"As of 2020, the Smart Street Lighting market is expected to reach $1.7 billion, a 40% increase from 2019."

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Statistic 18

"By 2023, global spending on smart city initiatives is projected to total nearly $124 billion."

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