The Smart City Journey: Investment in smart cities could reach $295 billion by 2025 — here's how private partners can capture the revenue opportunity while helping cities develop solutions that best serve their citizens

Executive Summary

Insider Intelligence estimates that spending on smart city projects will more than double to $295 billion by 2025, making for an attractive opportunity for service providers like AT&T, Verizon, and T-Mobile if they understand how to create successful partnerships with city governments.

Three Key Questions This Report Will Answer:

• What are the opportunities for network providers to serve smart city solutions and how do the US network providers compare to one another?
• What sorts of services are key to winning smart city opportunities?
• What does the decision-making process look like for municipalities and what are the key success factors?

WHAT’S IN THIS REPORT? In this report, Insider Intelligence takes a deep dive into the evolving smart city solutions market. We size the smart city partnership opportunity, define the five key indicators of smart city development, and detail the three phases of smart city frameworks. In sum, we provide a roadmap for MSIs—and, to a lesser extent, smart city solutions providers—to drive value by guiding municipalities through the smart city journey. To understand the importance of smart city frameworks and how they are evolving, we spoke to decision-makers at leading companies in the space including AT&T, Verizon, and Sprint, as well as forward-thinking cities including New York City, San Diego, and Phoenix.