![]() ![]() The dominant share of the global smart city market in 2020 was held by governance & education systems, followed by energy, healthcare, security, infrastructure, building and mobility segments. The global smart city market can be segmented as follows: governance & education, energy, healthcare, security, infrastructure, building and mobility. The growing adoption of artificial intelligence is likely to act as a key trend for the market, opposed by rise in privacy & security concerns over IoT that would impose challenges on the market. Growth in the market was supported by factors such as increasing technology spending on smart city initiatives, rising global urbanization and surging infrastructural investment. ![]() The global smart city market is anticipated to reach US$2.51 trillion in 2025, experiencing growth at a CAGR of 20.51% during the period spanning from 2021 to 2025. ![]() Dublin, J(GLOBE NEWSWIRE) - The "Global Smart City Market (By Application & Region): Insights & Forecast with Potential Impact of COVID-19 (2021-2025)" report has been added to 's offering. ![]()
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