Global Private LTE Market Demand, Supply And Impressive Sales Forecast 2027

The worldwide smart cities market was valued at $400 billion in 2020, and it is expected to rise at a 14.8 percent compound annual growth rate (CAGR) to $1077.4 billion by 2027. The smart cities concept has gained traction as a result of the growing awareness of "smart everything," which is partly attributable to all intermediary technologies. Smart cities use emerging technologies like artificial intelligence (AI), the internet of things (IoT), cloud storage, big data, and data analytics to collect and analyze data from a number of sources. Smart cities are gradually instrumenting the urban fabric at every layer, according to Eric Woods, Navigant's research director, resulting in cross-sector benefits.

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