Back in the early stages of smart city initiatives, we witnessed the pioneering integration of technology aimed at elevating the quality of urban life. According to Statista, the Smart Cities market is expected to witness significant revenue growth, with projected revenue reaching $104.80 billion in 2024. This growth is further expected to continue at a compound annual growth rate (CAGR) of 12.15% from 2024 to 2028. As a result, the market volume is anticipated to reach $165.80 billion by 2028. The next wave is here, marked by advancements in IT-driven urban planning.
Urban planning has undergone a digital metamorphosis thanks to innovative IT solutions. Cities like Singapore and Dubai are pioneering the way. According to the latest research data, South Korea is leading the way in implementing smart city initiatives.
Our team has prepared an article where we speak about how IT can help in building sustainable urban ecosystems. Read the full article in
