PUBLISHER: Grand View Research | PRODUCT CODE: 1772565
PUBLISHER: Grand View Research | PRODUCT CODE: 1772565
U.S. Smart Cities Market Summary
The U.S. smart cities market size was estimated at USD 147.30 billion in 2024 and is expected to grow at a CAGR of 27.4% from 2025 to 2033. Market growth is primarily driven by increasing urbanization and cities' need for efficient resource management. Investments in infrastructure modernization and digital technologies, such as IoT, AI, and cloud computing, are helping cities enhance public safety, transportation, energy management, and environmental monitoring. In addition, government initiatives that promote sustainable development and smart governance significantly contribute to market expansion.
The rising demand for an improved quality of life, combined with the integration of advanced data analytics for real-time decision-making, also supports this growth. As a result, the market is expected to experience substantial development, fueled by technological adoption and urban planning strategies that focus on sustainability and efficiency. A notable trend in the global market is the integration of advanced data analytics and AI to facilitate real-time monitoring and predictive maintenance. This trend enables cities to optimize utilities, manage traffic flow, and enhance emergency response capabilities. Increasing collaboration between technology providers and city authorities is helping to deploy scalable smart city platforms. Furthermore, the growing use of edge computing allows for faster data processing at the source, improving the responsiveness of smart city applications worldwide.
Another significant trend is emphasizing sustainable and green technologies in smart city development. Governments and organizations focus on energy-efficient solutions such as smart grids, renewable energy integration, and intelligent building management systems. This shift aligns with global efforts to reduce carbon emissions and combat climate change. The focus on sustainability promotes the adoption of electric mobility, innovations in waste management, and water conservation technologies, all of which contribute to more resilient and eco-friendly urban environments.
Key companies active in the market include Cisco Systems, IBM, Siemens, Microsoft, and Amazon Web Services. These companies provide a variety of solutions, including network infrastructure, AI-driven analytics, cloud platforms, and smart transportation systems. They often partner with city governments to implement large-scale projects to enhance urban services, public safety, and energy management. Continuous investments in research and development and expansion into new geographic areas strengthen their positions in the smart cities ecosystem and support the ongoing transformation of urban centers across the U.S.
U.S. Smart Cities Market Report Segmentation
This report forecasts revenue growth at country levels and provides an analysis of the latest technology trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the U.S. smart cities market report based on application, smart governance, smart utilities, smart transportation, smart healthcare, and region: