The $417bn opportunity
Urbanization is reshaping the world at an unprecedented pace. By 2050, nearly 70% of the global population will live in cities, placing immense pressure on infrastructure, energy, transport, and public services. Smart cities — powered by connected sensors, artificial intelligence, and real-time data — represent the most ambitious response to this challenge
the world has ever attempted.
Winners and losers: mastering the IoT stack and leading innovations is key to maximizing advantage
At its core lies the IoT technology stack, a five-layer framework that enables the collection, transmission, processing, and application of data across every dimension of urban life. Understanding this stack is essential for any organization seeking to invest in, deploy, or advise on smart city solutions.
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Author: Sevra Rende, Consulting Director, GlobalData
$417bn market size by 2028 | 15.3% 5-year CAGR | 70% urban population by 2050
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