South America Smart City Market Size Was Valued at USD 80.08 Billion in 2022, and is Projected to Reach USD 123.83 Billion by 2030, Growing at a CAGR of 5.6% From 2023-2030.
A Smart City is an urban environment that leverages advanced technologies to enhance the quality of life for its residents and improve overall efficiency in various aspects of city management. It integrates information and communication technology (ICT), data analytics, and the Internet of Things (IoT) to optimize infrastructure, services, and communication.