Market Overview:

US Smart Cities Market Size Was Valued at USD 82.36 Billion in 2023 and is Projected to Reach USD 237.01 Billion by 2030, Growing at a CAGR of 16.3% From 2023-2030.

A smart city is a modern urban area that uses electronic methods and sensors to collect data for efficient management of assets, resources, and services. This data is used to improve operations across the city, including traffic, transportation systems, power plants, utilities, and community services. Many US cities are investing in smart city projects, partnering with technology companies and start-ups to implement innovative solutions in areas like transportation, energy management, public safety, and healthcare. Sustainable development is a key driver of the smart city market, with cities adopting green practices and promoting renewable energy sources. Smart mobility solutions, such as intelligent traffic management systems and electric vehicle charging infrastructure, are gaining traction.

Top Key Players Covered in The US Smart Cities Market:

• • Cisco (US)
  • IBM (US)
  • Google LLC (US)
  • Microsoft (US)
  • Intel (US)
  • Oracle (US)
  • Honeywell (US)
  • Akeptus LLC (US)
  • Amazon Web Services Inc. (US)
  • Quantela Inc. (US), and Other Major Players

Market Dynamics and Factors:           

The US market for smart cities is influenced by urbanization, government initiatives, and funding for smart infrastructure development, sustainability, and improved quality of life. This trend is driven by the increasing demand for efficient resource management and the need for innovative solutions to manage resources efficiently The US smart city market is significantly influenced by technological advancements like IoT devices, AI, data analytics, and cloud computing. These technologies integrate across sectors like transportation, energy, healthcare, and public safety, enhancing connectivity, real-time data insights, and decision-making processes, thus driving the adoption of smart city solutions.

Public-private partnerships (PPPs) are transforming smart city projects by combining government agencies, technology providers, and other stakeholders, leveraging their expertise and resources to implement scalable and sustainable solutions. The US smart city market has issues such as cybersecurity, data privacy, interoperability, and high starting expenditures. Stakeholders must overcome these challenges while using innovation and cooperation to define the dynamic landscape of smart cities in the United States.

The US Smart Cities Market Report Highlight:

• • By Solution and Service, the Smart Healthcare segment is expected to dominate the market during the forecast period. US Smart Cities are implementing smart healthcare solutions, leveraging IoT devices, data analytics, and connectivity to improve healthcare efficiency, accessibility, and quality.
  • By Component, the Software segment held the largest share of the market. software segment dominates the Smart Cities market, leveraging IoT, data analytics, and AI-driven solutions to shape modern urban environments.
  • By Country, California is Expected to Dominate the Market Over the Forecast Period. California, a global economic and financial hub, is poised to dominate the smart city market, leveraging advanced technologies like IoT and AI to enhance urban living.

Key Industry Development:

In June 2023 Cisco announced the launched of a new Full-Stack Observability Platform—a vendor-agnostic solution that harnesses the power of the company's full portfolio. It delivers contextual, correlated, and predictive insights that allow customers to resolve issues more quickly and optimize experiences, while also minimizing business risk.

In December 2021, IBM unveiled the IBM Z and Cloud Modernization Center, a digital front door to a vast array of tools, training, resources, and ecosystems partnered to help IBM Z clients accelerate the modernization of their applications, data, and processes in an open hybrid cloud architecture.

The US Smart Cities Market Segmentation:

By Solution and Service

• • Smart Mobility Management
  • Smart Public Safety
  • Smart Healthcare
  • Smart Building
  • Smart Utilities
  • Others

By Component

• • Hardware
  • Software
  • Service

By Level

• • Emerging US Smart Cities
  • Developing US Smart Cities
  • Mature US Smart Cities

By End-user

• • Government & Municipalities
  • Transportation & Logistics
  • Energy & Utilities
  • Healthcare
  • Education
  • Others

For this report, Pristine Intelligence has segmented the US Smart Cities Market based on region:

Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)

• North America
• The U.S.
• Canada
• Mexico