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[SITUATION] · [QUIET] · [TECHNOLOGY]
2 clusters · 5 sources · 7 days · First seen · Last updated
Global smart city and IoT market growth
Overview
The global smart city and Internet of Things (IoT) markets are undergoing significant expansion driven by the integration of artificial intelligence and cloud-native capabilities. Early projections indicated the smart city platforms market could reach US$ 61.42 billion by 2033, with growth fueled by AI-driven analytics, edge computing, and digital twin simulations that allow for proactive governance.
Subsequent market intelligence suggests even more aggressive growth, with the global smart cities market projected to rise from USD 699.7 billion in 2025 to USD 1,445.6 billion by 2030. This evolution reflects a transition toward interconnected digital ecosystems where sensors, IoT, and AI synthesize data from transportation, utilities, and citizen services to improve infrastructure management and public safety. Modern security infrastructure, including integrated CCTV systems, is increasingly utilized to provide real-time situational awareness for law enforcement and traffic management.
Entities
Timeline
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19 days ago
[TECHNOLOGY] 2 sourcesSmart city market projected to reach USD 1.4 trillion by 2030The smart cities market is expected to reach USD 1,445.6 billion by 2030 as urban areas integrate AI, IoT, and CCTV to manage infrastructure, public safety, and transportation.
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26 days ago
[TECHNOLOGY] 3 sourcesSmart City and IoT markets projected to expand through AI integrationThe smart city platforms market is projected to reach US$ 61.42 billion by 2033, driven by AI-powered IoT connectivity and advanced data analytics for urban governance.
Sources
abacusnews.com · californianewswire.com · evere.co · marketsandmarketsblog.com · otsnews.co.uk