Kyramania24 May, 2024Technology
The global IoT in smart cities market size to grow from USD 130.6 billion in 2021 to USD 312.2 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 19.0 % during the forecast period. Various factors such as exponential rise in urban population actuating smart management, increasing number of government initiatives and PPP models for smart cities, and adoption of connected and smart technologies in smart cities initiative are expected to drive the adoption of IoT in smart cities solutions and services.
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