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Smart City Technologies Market to Reach $27.5 Billion in 2023

Cities around the globe have begun to use technology to create more sustainable, resilient and livable places, according to a report from Navigant Research. Smart-city technologies such as wireless networks, sensors, data analytics and cloud computing will drive operational improvements in smart grids, water management, transportation and public safety.

 

2014
$8.8 billion

2023
$27.5 billion

Expected worldwide revenue from smart city technology

SOURCE: Navigant Research, "Smart Cities," July 2014

lazun/Thinkstock
Sep 23 2014

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