Middle East & Africa Smart Cities Market - Opportunity Analysis and Industry Forecast (2023-2030)
Meticulous Research®, a renowned market research firm, released a study titled, ‘ Middle East & Africa Smart Cities Market by Solution (Smart Citizen Services, Smart Utilities, Smart Transportation), Component (Software, Hardware, Services), Technology (IoT, AI, Cloud Computing, Machine Learning), and Geography - Forecast to 2030.’ According to the most recent report by Meticulous Research®, the smart cities market in the Middle East & Africa is estimated to reach $40.38 billion by 2030 , with a forecasted Compound Annual Growth Rate (CAGR) of 25%. This growth is attributed to the rising demand for sustainable urban infrastructure and increased investment in smart mobility and utility solutions. However, substantial initial investments pose a challenge to market expansion. Additionally, the integration of artificial intelligence and the adoption of advanced technologies like IoT, AI, and big data analytics offer growth opportunities, though the risk of data m...