Smart City Statistics By Segment, Revenue and Smart Homes Count

Introduction

Smart City Statistics: Cities are hubs of activity, but as their populations grow, they face various challenges such as traffic congestion, pollution, and inadequate resource management. The solution to these problems comes in the form of “smart cities”. Smart cities utilize technology to become more sustainable, efficient, and livable.

A smart city is a combination of integrated technologies such as smart homes, smart energy, smart waste management solutions, smart traffic monitoring, smart healthcare facilities, advanced educational facilities, digital libraries, technology-driven community services, and more, all connected through the Internet of Things (IoT) devices. Let’s take a look at some interesting statistics that demonstrate the increasing popularity of smart cities.

Editor’s Choice

• In 2024, the global market for smart cities is expected to make about $104.80 billion.
• By 2028, this market is projected to increase to $165.80 billion.
• The growth rate from 2024 to 2028 will be about 12.15% each year.
• In 2024, China will earn the most money from smart cities, expected to be around $43.22 billion, with the United States following at $18.71 billion.
• By 2024, there will be 2.20 billion smart cities connected worldwide.
• North America had the largest part of the smart city market, holding 32.14% in 2023.
• Nearly 93% of smart city projects around the world were just starting in 2023.
• Europe led with 170 projects aimed at developing smart cities.
• The global market for smart homes was valued at $101.7 billion in 2023 and is predicted to rise to $163.7 billion by 2027, growing at a rate of 10% each year.
• A 2024 report from IMD ranked Zurich, Oslo, and Canberra as the top three cities leading in smart city initiatives.

You May Also Like To Read

• Augmented Reality Statistics
• Metaverse Statistics
• Virtual Reality Statistics
• Quantum Computing Statistics
• Biometrics Statistics
• Ransomware Statistics
• Robocalls Statistics
• Data Breach Statistics
• Laptop Statistics
• Desktops Statistics
• Smartphone Statistics
• VoIP Statistics

General Smart City Statistics

• In the United States, 66% of cities are currently spending money on smart city technologies.
• Because of big technology improvements, urban life is changing in China, which is planning to create about 500 smart cities by 2024.
• By the year 2030, almost two-thirds of all traffic will be made up of smart vehicles.
• By 2025, 50% of smart cities aim to develop new strategies to help fight climate change.
• Major companies like IBM, Cisco, Siemens, Microsoft, Hitachi, Huawei, Schneider Electric, Intel, ABB, NEC, and AGT International are heavily investing in smart city projects.
• The global market for smart cities is growing rapidly. It is expected to increase from $308 billion in 2018 to $820.7 billion by 2025, which is more than a 160% growth in just seven years.
• Looking ahead to 2050, about 60% of the world’s population is expected to live in cities. Smart city technologies will be essential to handle these large urban populations efficiently.

Benefits of Smart Cities

• Smoother Traffic: Imagine commutes without gridlock! Smart traffic management systems can analyze traffic patterns, optimize traffic lights, and provide real-time updates to drivers. This can significantly reduce congestion and travel times.
• Cleaner Air: Pollution is a major concern in many cities. Smart environmental monitoring systems can track air quality and pollution levels. This data can then be used to implement measures to reduce pollution and create a healthier living environment.
• Smarter Waste Management: overflowing trash cans? Not in a smart city! Smart waste management systems use sensors to monitor bin fullness and optimize collection routes. This reduces unnecessary truck trips, saves money, and keeps the city cleaner.
• Enhanced Public Safety: Safety is a top priority. Smart city initiatives can involve intelligent video surveillance systems and emergency response systems that use real-time data to improve response times and overall safety.
• Citizen Engagement: Imagine having a say in how your city is run! Smart city platforms can facilitate two-way communication between residents and city authorities. This allows citizens to report issues, provide feedback, and participate in decision-making processes.

Smart City Market Size By Market.us

• The Global Smart City Market is projected to grow from USD 762.7 billion in 2023 to USD 4,605.7 billion by 2033, with a compound annual growth rate (CAGR) of 19.7% from 2024 to 2033.
• Urban areas are expected to accommodate 70% of the global population by 2050, driving demand for smart city solutions.
• By 2025, approximately 58% of the global population, or 4.6 billion people, will reside in urban regions.
• The smart utilities category held a dominant position in the market with a 30% share.
• The smart infrastructure segment captured more than 28% of the market share.
• The energy management segment led the utilities market with a 56% market share.
• In transportation, the intelligent transportation system (ITS) segment dominated with a 47% share.
• North America held the largest market share, commanding 32% of the global smart city market.
• The Chinese city of Hangzhou has deployed over 1 million AI surveillance cameras to enhance urban safety and security, exemplifying the scale of smart city technology adoption.
• Smart city initiatives are expected to generate 2.5 quintillion bytes of data daily by 2025, enabling real-time data analysis for improved resource and service management.
• In December 2023, Msheireb Properties in Qatar partnered with Microsoft Corporation to pioneer the “Smart Experience” project in Msheireb Downtown Doha, enhancing interactions for visitors, residents, and commercial clients.

Smart City Statistics by Segmental Analyses

• Based on application, the smart transportation segment captured the highest market share, with 21%, in 2023.
• While the smart management segment has registered a share of 57%, other segmental shares are the Intelligent Transportation System (47%) and the smart infrastructure segment (29%) in 2023.
• The annual growth rate of the Asia Pacific region has accounted for 29.2% of CAGR from 2024 to 2033.
• The projected market growth in the environmental solution segment will be 28.7% in the above-forecasted period.
• In addition, segmental CAGR from 2024 and 2033 includes the waste management segment (28%), the Parking management segment (26.3%), and the smart lighting segment (25.9%).

Smart City Statistics by Revenue

(Reference: statista.com)

• As of 2024, the overall market for smart cities will witness record revenue, resulting in $104.80 billion, up 17.1% from last year.
• In 2023, the worldwide smart cities market generated around $89.49 billion in revenue, an increase of 20.6% yearly.
• In coming years, the predicted revenue of smart cities and revenue change from the previous year are followed by 2025 ($120 billion and 14.6%), 2026 ($135.30 billion and 12.7%), 2027 ($150.50 billion and 11.3%), and 2028 ($165.80 billion and 10.1%).

You May Also Like To Read

• iPhone Vs. Android Statistics
• Google Pixel Smartphones Statistics
• iPhone vs Android Users Statistics
• Mesh Wi-Fi System Statistics
• Robots Statistics
• Western Digital Statistics
• Cloud Gaming Service Statistics
• Virtual Reality Headset Statistics
• AI in Robotics Statistics
• 3D Printers Statistics
• Smart City Statistics
• 3D Printing Statistics

Smart Cities Connections Statistics

(Reference: statista.com)

• In 2023, the global total number of connected smart cities was 1.73 billion, and by 2024, the number had increased to 2.20 billion.
• Besides, the predicted number of smart cities in coming years will be 2025 (2.76 billion), 2026 (3.45 billion), 2027 (4.26 billion), and 2028 (5.29 billion).

Revenue Comparison of Smart Cities by Country

• According to Smart City Statistics, China will account for the highest smart city market revenue in 2024, with an estimate of $43.22 billion.
• The United States of America ranks second in revenue earnings, with 18.71 billion, and will reach $27.42 billion by 2028.
• Furthermore, other countries that amounted to revenue over the smart city market will be Germany (3.61 billion), Japan ($3.11 billion), and India ($2.60 billion).
• Meanwhile, the compound annual growth rate of the market between 2024 and 2028 will be experienced in the above countries: China (13.01%), the United States (10.03%), Germany (11.15%), Japan (10.58%), and India (15.71%).

Smart City Market Share by Region

(Reference: precedenceresearch.com)

• Smart City Statistics also mentioned that in 2023, the highest market share was captured by the North American region with 32.14%.
• Europe held the next biggest market share, with 31.60%.
• Other regions with a market share of smart cities in 2023 were Asia Pacific (27.21%), Latin America (6.02%), and the Middle East and Africa (3%).

Smart Cities in Latin America

• Global spending on smart city projects was predicted to more than double between 2018 and 2023, reaching about USD 190 billion by 2023.
• In 2020, Latin America’s share of smart city spending was less than 10%, but the region has been making progress with more projects emerging recently.
• Latin America’s development of smart cities has been growing, though it still spends less compared to countries like China and Japan.
• Internet access is essential for building smart cities, and in 2022, Latin America had about 383 million mobile internet users, which is over half the population.
• The number of Internet of Things (IoT) connections in Latin America is expected to rise by nearly 150% between 2019 and 2025, with smart homes seeing the most growth.
• In 2022, 85% of people in Latin America believed that 5G technology would help close the digital divide by providing better connectivity.
• In 2022, 130 million 5G-enabled smartphones were shipped to Latin America, a huge increase from just three million in 2020.
• By 2025, half of Latin America’s 5G mobile connections will be in Brazil, Mexico, and Chile.
• A smart home is a residence where devices and appliances can be controlled through an internet connection.
• In 2022, there were around 15 million smart homes in Latin America, and this number is expected to surpass 23 million by 2025.
• The smart home market in Latin America is expected to generate more than USD 4 billion in revenue by 2026.
• Smart appliances will contribute over 40% of the revenue in this sector, followed by security systems and connectivity tools.

Smart Cities in China

• By 2020, China had launched over 900 pilot smart city projects across different provinces.
• Beijing and Shanghai are leading the way in smart city construction, influencing other cities to follow.
• Smart city projects aim to use technology to improve urban life, such as making government services more accessible with software or using artificial intelligence to manage traffic.
• Building a smart city often requires coordinating multiple systems. For example, a smart grid needs both advanced infrastructure and consumer IoT devices to optimize energy usage.
• The Smart Home market in China has been rapidly growing, allowing people to control lighting, heating, and appliances remotely with smartphones.
• The Smart Home market was expected to surpass USD 30 billion in 2022, with a target to establish 100 million smart homes by 2023.
• Popular smart appliances in China include smart TVs, refrigerators, air conditioners, and washing machines.
• China’s smart transportation system has seen strong growth, with shared mobility playing a major role.
• The ride-hailing company Didi Chuxing dominates this space, serving about 360 million monthly users in 2020.
• The focus has also shifted to improving pedestrian safety and increasing rail and underground transport connections.
• Investments in electric vehicles and related infrastructure are also growing.
• The benefits of smart cities include cleaner air and water, reduced waste, less pollution, a healthier population, and economic growth.
• Citizens are increasingly using digital services for tasks like paying bills, managing taxes, and accessing public utilities, showing a positive response to smart city technologies

Smart Cities in France

• In France, the introduction of 5G is a key milestone for smart city projects. The first 5G network went live in November 2020.
• Marseille leads in 5G infrastructure, with nearly twice as many antennas as Paris and Montpellier.
• Orange, a major mobile operator, has installed 367 5G antennas across France.
• 5G will significantly enhance the speed and quality of internet connections, outperforming the current 4G network.
• Efficient energy management is a major focus for French smart cities, addressing issues like waste, air quality, and CO2 emissions.
• Smart meters for electricity, gas, and water allow consumers to lower costs by tracking and adjusting their usage.
• Smart grids are widely implemented in France, enabling real-time communication between consumers and suppliers to reduce electricity losses.
• Smart mobility is a complex area, combining transportation, energy, environment, and digital sectors.
• It also covers areas like road safety and transport management.
• Smart cars are becoming more common in France, designed to assist drivers by handling risky situations and managing parking.

Smart Cities Under Construction

(Reference: researchgate.net)

• By Smart City Statistics, the above graph describes the proportion of smart cities under construction in major countries and regions.
• In 2023, China captured the highest share of 48% of under-constructed smart cities.
• Other country’s shares of under-construction smart cities were India (11%), the United States (7%), Japan and South Korea (2%), and Canada (2%).
• Meanwhile, regional shares include Europe (23%), Oceania (5%), South America (1%), and Middle East and Africa (1%).

You May Also Like To Read

• Network Attached Storage (NAS) Statistics
• Hacking Statistics
• Augmented Reality Glasses Statistics
• Virtual Reality Treadmill Statistics
• Uninterruptible Power Supply Devices (UPS) Statistics
• Social Engineering Statistics
• Podcast Statistics

Smart City Components

(Source: ttgtmedia.com)

• As mentioned in Smart City Statistics, the top-used components of smart cities include governance and education, which account for 24.6%, and smart security, which account for 13.5%.
• Moreover, other components shared are smart energy (15.8%), smart infrastructure (13.1%), smart mobility (8.7%), smart healthcare (14.6%), and smart building (9.7%).

Global Urbanization Rate

(Source: whitecase.com)

• The above graph represents how smart cities have accelerated into a smart society and a prediction made up to 2050.
• Due to smart city innovation, the global urbanization rate is anticipated to be 60.4% by the end of 2030, and by 2050, it will cover around 68.4%.

IMD Smart City Index, 2024

(Source: imd.org)

• A report published by IMD on the Smart City Index of 2024 states that the top three ranked cities in the smart city initiative are Zurich, Oslo, and Canberra, respectively.
• The next top cities in the smart city initiative are Geneva (4^th), Singapore (5^th), Copenhagen (6^th), Lausanne (7^th), London (8^th), Helsinki (9^th), and Abu Dhabi (10^th).
• New York is another advanced country with well-established infrastructure, including water quality meters and sensors and deployment of LPWAN (Low-Power Wide Area Network) technologies.
• Meanwhile, France has four important smart cities: Paris, Lille, Lyon, and Marseille.
• In 2023, the main strategy of Washington’s smart city was to establish a viable and equitable urban environment along with driving economic development.
• United Kingdom has also planned to establish more advanced smart cities, which will host many 5G towers, green infrastructure, and EV charging stations, along with heavy investments into 6G, IoT, and AI.
• Japan is full of smart cities, including many advanced technological innovations, such as energy-efficient buildings and advanced traffic management with cameras and sensors.
• By the end of 2050, 80% of emissions of greenhouse gases will be reduced by Tokoyo.
• Germany is known as the home of energy-saving smart streetlights, which allow for the promotion of sustainability, real-time traffic, and an effective transportation system.
• Berlin’s smart city is going to achieve 100% carbon neutrality by 2050.

Priority Area of Smart City

(Reference: imd.org)

• The above graph describes the 15 indicators required for developing a smart city, as determined by different survey respondents in the United States.
• Smart City Statistics depicts that 75.3% of respondents preferred affordable housing, and 55.9% preferred enhanced security.
• Other priority areas for building a smart city by respondents share include road congestion (48.2%), health services (42.5%), unemployment (39.3%), school education (34.4%), fulfilling employment (26.7%), public transport (26.4%), air pollution (25.3%), corruption/transparency (25.1%), basic amenities (16%), social mobility (14.1%), recycling (11.9%), citizen engagement (11.35), and green spaces (9.7%).

Smart City Statistics by Smart Home

• The global smart home market share was $101.7 billion in 2023 and will reach $163.7 billion by 2027, with a CAGR of 10% from 2023 to 2027.
• While the United States has accounted for a market size of $31.45 billion, resulting in a market share of 39% in the smart home segment.

(Reference: site-static.com)

• Depending on device type, the consumer electronics segment secured the biggest market share of 35%, followed by safety and security at 26%.
• On the other hand, other device type market shares are climate control (17%), lighting control (13%), and energy and water control (9%).

By Smart Manufacturing

(Source: market.us)

• Smart manufacturing is another effective segment for establishing a smart city, and the above graph implies the market size of the segment from 2022 to 2032.
• The revenue generated by the smart manufacturing unit in 2023 was $297.7 billion and will grow to $1,021.5 billion by 2032, growing at a CAGR of 14.9% from 2023 to 2032.
• Moreover, in coming years estimated market size will result in 2024 ($336.3 billion), 2025 ($386.4 billion), 2026 ($443.9 billion), 2027 ($510.1 billion), 2028 ($586.1 billion), 2029 ($673.4 billion), 2030 ($773.7 billion), 2031 ($889 billion), and 2032 ($1,021.5 billion).

By Intelligent Transportation System

• Smart City Statistics also shows that the market size of the global intelligent transportation system will be $38.46 billion by 2032, and it is estimated to be around $65.33 billion.
• The annual growth of the market will make up 6.80% of CAGR from 2023 to 2032.

(Reference: precedenceresearch.com)

• whereas the United States will capture the highest market size, $8.18 billion, in 2024 and $13.90 billion by 2032, with a CAGR of 6.80% in the forecasted period.
• The projected market size in the U.S. for intelligent transportation systems includes 2025 ($8.72 billion), 2026 ($9.29 billion), 2027 ($9.91 billion), 2028 ($10.59 billion), 2029 ($11.32 billion), 2030 ($12.11 billion), and 2031 ($13.90 billion).

By Smart Farming

(Reference: statista.com)

• A report published by Statista stated that the worldwide market valuation of smart farming in 2023 amounted to $17.6 billion.
• In 2024, the total revenue earned by this market will be approximately $20.6 billion.
• Market valuations will increase in the next year, as described in the above graph, such as in 2025 ($24 billion), 2026 ($28.1 billion), and 2027 ($33 billion).

Some Future Statistics of Smart City

• By 2028, the market share of AI in the smart cities segment will be around $326 billion.
• The top 50 cities, as per the IMD index, are expected to expend more than $330 billion by 2025 for implementing smart city technologies.
• The market size of the Asian Pacific region’s smart city is predicted to dominate in 2025 and generate up to $320 billion in revenue.
• The infrastructure and construction segment of smart cities is supposed to capture $57.05 billion in revenue by 2027.
• In addition, smart city statistics show that the communication segment’s market size will be $377 billion by 2025.
• In 2024, the anticipated growth rate of Canadian smart cities will grow at a CAGR of 19.2%.
• By the end of 2023, the Chinese smart city tech market is going to cross $38 billion.
• The global market of developing nations of smart cities in 2025 will account for a 20% share.

Challenges and Considerations

On the other hand, smart cities offer a plethora of advantages, but there are challenges to consider:

• Privacy Concerns: With a vast network of sensors collecting data, privacy is a major concern. Smart city initiatives need to be implemented with robust data security measures in place.
• Cybersecurity Threats: Smart cities rely heavily on technology and are vulnerable to cyberattacks. Implementing strong cybersecurity measures is crucial to protecting city infrastructure and resident data.
• Digital Divide: Only some have equal access to technology. Smart city initiatives need to be inclusive and ensure that all residents can benefit from these advancements.

Conclusion

The concept of smart cities is rapidly evolving. As technology continues to develop, we can expect even more innovative solutions to emerge. By embracing smart city initiatives while addressing the challenges, we can create a future where cities are not just places to live but vibrant, sustainable, and thriving ecosystems for all. I hope all the above statistical analyses about smart cities were beneficial for you.

Barry Elad

Barry Elad is a tech enthusiast passionate about exploring various technology topics. He collects key statistics and facts to make tech easier to understand. Barry focuses on software and its benefits for everyday life. In his free time, he enjoys creating healthy recipes, practicing yoga, meditating, and walking in nature with his child. Barry's mission is to simplify complex tech information for everyone.

More Posts By Barry Elad

5G Chipset Statistics and Facts (2025)

Smart Glasses Statistics By Region, Technology, Users and Facts

Smartphone Battery Life Statistics and Facts (2025)

Kik Statistics And Facts (2025)

Twitter User Statistics By Gender, Age, Region, Habits, Emojis and Facts

Social Media User Statistics and Facts (2025)

(Bring Your Own Device) BYOD Statistics By Security, Work, Adoption, Benefits and Facts

Facebook Advertising Statistics By Revenue, Costing, Campaign Objectives, Performance and Facts

Smartphone Screen Protector Statistics and Facts (2025)

Kickstarter Statistics and Facts (2025)