Smart cities spending to reach $189 billion in 2023

Global spending on smart cities initiatives will reach $189.5 billion in 2023, with the top priorities for initiatives cited as resilient energy and infrastructure projects, followed by data-driven public safety and intelligent transportation.

According to the latest IDC Worldwide Semiannual Smart Cities Spending Guide, these priority areas will account for more than half of all smart cities spending throughout the 2019-2023 forecast. The guide quantifies the expected technology opportunity around smart cities initiatives from a regional and worldwide level.