Networking

Smart City Technologies Market to Reach $27.5 Billion in 2023

Amy has worked on StateTech since May 2007. As managing editor, she shapes editorial content for print and online. Before that, she spent 10 years at Network World as senior managing editor of features and managing editor of features. Amy began her IT publishing career at PC Week. While out of the office, she enjoys traveling and rooting for the Red Sox.

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

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