Smart infrastructure market seen adding $472 billion by 2030

The Business Research Company says the global smart infrastructure market is headed for rapid growth through 2030, driven by IoT adoption, smart city spending and sustainability demands. The report projects the market will top $688 billion by 2030, with Asia Pacific and China emerging as the largest growth engines.

Why it matters: - The smart infrastructure market is moving from niche digital upgrades to a major technology category tied to cities, utilities, transport and buildings. - The market is expected to add more than $472 billion between 2025 and 2030, signaling strong demand for systems that improve efficiency, resilience and sustainability. - Public and private spending on connected infrastructure could reshape how governments and companies manage energy, mobility and assets.

What happened: - The Business Research Company published its Smart Infrastructure Global Market Report 2026, covering market size, trends and forecasts for 2026-2035. - The report says the market will grow from $100 billion in 2025 to more than $688 billion by 2030. - It projects a 26% compound annual growth rate over that period. - Hardware, software and services are the main revenue pools in the forecast. - The report places Huawei Technologies Co. Ltd. as the top global sales company in 2025 with a 4% share.

The details: - Hardware is forecast to contribute $208 billion of the expected market expansion between 2025 and 2030. - Software is expected to add $159 billion, while services are projected to add $105 billion. - Hardware is projected to remain the largest segment, reaching about $309 billion and 45% of the market by 2030. - Key hardware growth areas include IoT sensors, smart meters, surveillance cameras, connected control devices, networking infrastructure and edge computing devices. - The market spans smart transportation systems, smart energy management systems, smart safety and security systems, smart waste management solutions and related categories. - Core technology segments include IoT, artificial intelligence and analytics, cloud computing, edge computing, digital twins and blockchain. - Main applications include energy management, traffic and mobility management, building automation, safety and security management, environmental monitoring and utility management. - End users include government and municipalities, utilities, transportation authorities, commercial enterprises, industry and residential customers. - Huawei’s smart infrastructure portfolio includes digital power solutions, intelligent campus platforms, smart city technologies, data center infrastructure and IoT connectivity. - The report lists other major players including Broadcom, Cisco, Schneider Electric, Microsoft, Siemens, Apple, IBM, Oracle and Nokia. - The ten largest companies accounted for 21% of total revenue in 2025, showing a moderately fragmented market. - The report says competition centers on AI-powered infrastructure management, IoT monitoring, cloud-connected controls, energy optimization and smart mobility solutions. - Competitive priorities include real-time asset monitoring, sustainability, cybersecurity and systems integration. - The supply chain includes chipmakers and component suppliers such as Texas Instruments, STMicroelectronics, Infineon, NXP, Analog Devices, Renesas, Qualcomm, Intel, Micron, Samsung Electronics and SK hynix. - Distribution channels include Arrow Electronics, Avnet, WESCO International, Rexel, Sonepar, Ingram Micro, TD SYNNEX, Graybar, RS Group, DigiKey Electronics and Mouser Electronics. - End users named in the report include State Grid Corporation of China, National Grid, EDF, Enel, Duke Energy, NextEra Energy, Southern Company, Prologis and CBRE Group.

Between the lines: - The forecast points to smart infrastructure becoming a backbone market for digital transformation, not just a standalone software category. - Asia Pacific is set to become the largest regional market by 2030 at $337 billion, up from $100 billion in 2025. - China is projected to be the largest national market by 2030 at $160 billion, up from $47 billion in 2025. - The report ties Asia Pacific growth to urbanization, smart city investment, digital public services and connected transport and utility systems. - China’s growth is linked to nationwide smart city programs, AI- and IoT-enabled infrastructure, intelligent transport and energy networks, and digital public infrastructure modernization. - Electrification platforms are becoming more important because they improve energy efficiency, grid resilience and management of connected energy systems. - Siemens AG introduced Electrification X in April 2024 as a cloud-based platform for commercial, industrial and utility environments. - The report says the biggest demand drivers through 2030 are IoT and connected devices, smart city investment, and energy efficiency and sustainability goals. - IoT and connected devices are expected to add about 2.5% annual growth, smart city spending about 2.2%, and sustainability demand about 1.7%.

What's next: - The report expects continued expansion in connected infrastructure upgrades, digital asset monitoring and cloud-based control systems through 2030. - Market competition is likely to intensify around AI tools, digital twins, edge computing and strategic partnerships. - Vendors with broad hardware-software-service portfolios are positioned to benefit most as buyers look for integrated platforms rather than isolated products. - The Business Research Company says its 2026 reports include market attractiveness scoring, TAM analysis, company scoring matrices, forecasting dashboards and trend analysis.

The bottom line: - Smart infrastructure is becoming one of the fastest-growing parts of the technology market, with spending shifting toward intelligent, connected systems that support cities, utilities and enterprises.