The Smart City ICT Infrastructure Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Smart City ICT Infrastructure Market?
The size of the smart city ICT infrastructure market has experienced significant growth in recent years. The market is expected to expand from $1,672.12 billion in 2024 to $2,029.46 billion in 2025, at a compound annual growth rate (CAGR) of 21.4%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Smart City ICT Infrastructure Industry?
The Smart City ICT Infrastructure Global Market is projected to expand to a value of $4,371.91 billion by 2029. This projection represents a compound annual growth rate (CAGR) of 27.2% in the market.
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What are the Key Growth Drivers Fueling the Smart City ICT Infrastructure Market?
The key drivers in the Smart City ICT Infrastructure market are:
• Increasing need for cybersecurity measures
• Shift and focus towards climate resilience
• Emergence of smart governance initiatives
• Rising data consumption and adoption of edge computing
Global Market Segmentation: Identifying Major Smart City ICT Infrastructure Industry Segments
The smart city ICT infrastructure market covered in this report is segmented –
1) By Type: Smart Grid, Smart Building, Smart Water Network, Smart Healthcare, Smart Education, Smart Security, Smart Transport
2) By Components: Hardware, Software, Services
3) By Deployment Type: On-Premises, Cloud-Based, Hybrid Solutions
4) By Technology: Internet Of Things, Artificial Intelligence, Big Data Analytics, Cloud Computing
5) By Application: Communications Industry, Transportation Industry, Express Industry, Government, Education, Other Applications
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What are the Emerging Trends Shaping the Future of the Smart City ICT Infrastructure Market?
The key trends in the Smart City ICT Infrastructure market are:
• The market's future is being shaped by AI-driven city management advancements.
• Integration of Internet of Things (IoT) is emerging as a significant trend in the market.
• Adoption of blockchain technology is another major trend influencing the market.
• The rise of autonomous infrastructure and expansion of digital twins are shaping the future of the market.
Who Are the Top Competitors & Leading Players in the Smart City ICT Infrastructure Market?
Major companies in the Smart City ICT Infrastructure market are:
• Microsoft Corporation
• Verizon Communications
• AT&T Inc.
• Deutsche Telekom AG
• Huawei Technologies Co. Ltd.
• Siemens AG
• Hitachi Ltd.
• Accenture
• International Business Machines Corporation (IBM)
• Cisco Systems Inc.
• Vodafone Group Plc.
• Oracle Corporation
• Telefonica SA
• Schneider Electric
• Honeywell International Inc.
• ABB Group
• Tata Consultancy Services (TCS)?
• Telefonaktiebolaget LM Ericsson
• Nokia Corp.
• NTT Communications
Regional Dominance: Which Area Leads the Global Smart City ICT Infrastructure Market?
North America was the largest region in the smart city ICT infrastructure market in 2024
