PUBLISHER: Guidehouse Insights | PRODUCT CODE: 1233269
PUBLISHER: Guidehouse Insights | PRODUCT CODE: 1233269
This Guidehouse Insights report finds that the AI market should experience substantial growth in the coming decade as climate challenges increase, deployment of IoT devices grows, and cities become familiar with the outcomes that AI systems can achieve. The recent passage of infrastructure and climate investment programs in key markets (US and Europe) will further boost the AI market. Guidehouse Insights forecasts that annual smart city AI sales revenue will grow from $693.3 million in 2023 to $6.5 billion by 2032, a compound annual growth rate of 28.2%.
Percentage of Smart City AI Revenue by Segment, World Markets: 2023
Percentage of Smart City AI Revenue by Segment, World Markets: 2032