The global smart infrastructure market size reached US$ 149.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 773.3 Billion by 2032, exhibiting a growth rate (CAGR) of 20.06% during 2024-2032. Rapid urbanization and digitalization, the rising need for efficient management and utilization of resources, ongoing technological advancements, and the introduction of numerous favorable government initiatives are some of the major factors propelling the market. Smart infrastructure refers to the integration of advanced technologies and digital systems into various physical infrastructure components, such as buildings, transportation networks, energy grids, and cities. It leverages the power of the Internet of Things (IoT), artificial intelligence (AI), and data analytics to enhance efficiency, sustainability, and connectivity. It encompasses a wide range of applications, including smart buildings with automated controls for lighting, heating, and security, intelligent transportation systems that optimize traffic flow and reduce congestion, renewable energy grids that monitor and manage energy generation and consumption, and smart cities that use data to improve urban planning and resource management. Visit us: https://www.imarcgroup.com/smart-infrastructure-market