China’s smart city market will reach 7.9 trillion yuan in 2018

With the rapid development of Internet of Things, big data, and artificial intelligence technologies, the “new smart city” has become a new highland in the field of information technology. According to the analysis of China Investment Advisors’ Industrial Research Center, the market size of smart cities in China will reach 7.9 trillion yuan in 2018, and the average annual compound growth rate will be 33.38% in the next five years (2018-2022), and 25 trillion yuan in 2022.

China's smart city market will reach 7.9 trillion yuan in 2018

The “Super Smart City” report recently published by consulting firm Deloitte pointed out that China, as the world’s largest implementation country for smart cities, is in a good state of development. Deloitte China government and leading partners in the public affairs industry said: “China has become one of the most active countries in the world for the construction of smart cities. In recent years, smart cities have risen to national strategies, with the further release of policy dividends, a large amount of capital investment The smart city industry will also usher in a new development climax.With the advancement of the city’s refinement management and the government’s increasing emphasis on the improvement of the well-being of urban residents and working people in the living and working environment, the in-depth application of smart cities will be Enter a new stage of development.”