GITNUX MARKETDATA REPORT 2024

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%."

Sources Icon

Statistic 2

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

Sources Icon

Statistic 3

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

Sources Icon

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."

Sources Icon

Statistic 5

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

Sources Icon

Statistic 6

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

Sources Icon

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."

Sources Icon

Statistic 8

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

Sources Icon

Statistic 9

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

Sources Icon

Statistic 10

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

Sources Icon

Statistic 11

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

Sources Icon

Statistic 12

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

Sources Icon

Statistic 13

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

Sources Icon

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."

Sources Icon

Statistic 15

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

Sources Icon

Statistic 16

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

Sources Icon

Statistic 17

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

Sources Icon

Statistic 18

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

Sources Icon

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!