A new report from Navigant Research examines the strategy and execution of 16 leading smart city suppliers with the capacity to provide leadership on large-scale smart city projects spanning multiple operational and service areas.
These smart city suppliers are rated on 10 criteria: vision, go-to-market strategy, partners, product strategy, geographic reach, market share, sales & marketing, product performance & features, product integration, and staying power. Vendors are profiled, rated, and ranked with the goal of providing industry participants with an objective assessment of these companies’ relative strengths and weaknesses in the growing global smart city market.
Top 10 Suppliers:
3. Schneider Electric
The smart city technology market is characterized by a diverse range of suppliers spanning many sectors, which makes a comparison of their strengths and capabilities a challenging exercise. However, such comparisons are becoming more important as city and other service providers look to select partners and technology providers to help them deliver on their smart city strategies and ambitions. Interest in smart cities continues to grow, driven by a range of social, economic, and technological developments that are having an impact on cities around the world. Cities are committing to programs for sustainability, innovation in public services, and economic development that depend on technology investments.
Hence, the supplier ecosystem for smart cities continues to expand. Established suppliers are moving into the market from the energy, transport, buildings, and government sectors, while startups are addressing a range of emerging opportunities. This has created a complex and dynamic market that requires suppliers to be innovative in their product offerings and in the way they engage with cities and their partner networks. According to Navigant Research, the global smart city technology market is expected to be worth more than $27.5 billion annually by 2023, compared to $8.8 billion in 2014.