China Smart Cities Market Size Is Estimated To Rise To USD 59.9 billion By 2023: Report by Marketsan

Mnmlatesttrends26 May, 2022Business

The growth in this market is driven by the increase in population, the need for rapid urbanization, and governments investments and policies to speed up the successful implementation and development of smart cities projects. The China smart cities market is projected to reach USD 59.9 billion by 2023 from USD 30.4 billion in 2018, at a Compound Annual Growth Rate (CAGR) of 14.5%.