The smart city market in Asia has been growing at a high but uneven rate since 2019, with the largest growth coming in 2023 of nearly 20 percent. This growth is expected to slow considerably to around 8 to 12 percent over the decade.
Growth of the smart city market revenue in Asia from 2019 to 2029
Data provided by Statista Market Insights are estimates.
Definition:
Smart Cities term refers to usage of Internet of Things (IoT) technologies in order to improve the quality of life for its citizens, enhance sustainability, and optimize urban services. In a smart city, various devices and sensors are installed throughout the urban landscape to create the intelligent transportation systems, smart grids and public safety systems.
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Statista. (September 5, 2024). Growth of the smart city market revenue in Asia from 2019 to 2029 [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1490714/market-growth-of-smart-cities-asia
Statista. "Growth of the smart city market revenue in Asia from 2019 to 2029 ." Chart. September 5, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1490714/market-growth-of-smart-cities-asia
Statista. (2024). Growth of the smart city market revenue in Asia from 2019 to 2029 . Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1490714/market-growth-of-smart-cities-asia
Statista. "Growth of The Smart City Market Revenue in Asia from 2019 to 2029 ." Statista, Statista Inc., 5 Sep 2024, https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1490714/market-growth-of-smart-cities-asia
Statista, Growth of the smart city market revenue in Asia from 2019 to 2029 Statista, https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1490714/market-growth-of-smart-cities-asia (last visited November 10, 2024)
Growth of the smart city market revenue in Asia from 2019 to 2029 [Graph], Statista, September 5, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/forecasts/1490714/market-growth-of-smart-cities-asia
