Smart Cities are urban areas that leverage advanced technologies, such as the Internet of Things (IoT), artificial intelligence (AI), and data analytics, to enhance urban living, optimize resource management, and improve infrastructure. By integrating digital solutions into transportation, energy, waste management, and public services, Smart Cities aim to create sustainable, efficient, and resilient environments.

The global Smart Cities market is a significant contributor to the economy, valued at approximately $1.5 trillion in 2024, with a projected compound annual growth rate (CAGR) of 20%, expected to reach over $2.5 trillion by 2030. The sector employs millions worldwide, with 8–10 million people directly engaged in technology, planning, and urban development. Leading players include countries like China, the United States, Singapore, the Netherlands, and South Korea, which have invested heavily in smart infrastructure. These nations are driving innovation and setting benchmarks for sustainable urbanization globally.