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IDC: The Market Size of Smart Cities in China Will Reach USD 26.6 billion in 2020
According to the newly released "IDC Worldwide Smart Cities Spending Guide, 2019H1", IDC predicts that by 2020, the market spending of China in the field of smart cities will reach 26.6 billion US dollars, and China will become the second largest country in this aspect next only to the United States. The three popular investment sectors in the market of China include sustainable infrastructure, data-driven governance and digital management in sequence. In the forecast period (2018-2023), the total expenditure on these three sectors will continue to exceed half of the overall investment in construction of smart cities.