Smart city market set to grow by $2118bn by 2024

A report from Technavio said the decreasing price of connected devices is expected to fuel the market and highlights the smart governance and education segments as key areas for growth.

The smart city market size is poised to grow by more than $2118bn during 2020-2024 with the decreasing price of connected devices expected to fuel market growth, a new study finds.

The report from global technology research and advisory company Technavio forecasts growth to progress at a compound annual growth rate of 23 per cent throughout the period. It highlights the smart governance and education segment as key areas of growth. Read more:

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