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Smart Cities supplier ecosystem is 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. A new report 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.
According to the Navigant Research Leaderboard report, 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. The supplier ecosystem continues to expand as established suppliers are moving into the market from the energy, transport, buildings, and government sectors, while startups are addressing a range of emerging opportunities. Navigant Research estimates that 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.
The 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 Vendors:
1. IBM
2. Cisco
3. Schneider Electric
4. Siemens
5. Microsoft
6. Hitachi
7. Huawei
8. Ericsson
9. Toshiba
10. Oracle
The following key questions are addressed:
- Which smart city suppliers are best positioned to become global market leaders?
- What are the key metrics used to evaluate market performance in the global smart city market?
- How do the leading companies in this market compare on the key metrics?
- How are suppliers positioning themselves to support the intricacy and diversity of smart city projects?
- How are supplier strategies developing to meet the emerging needs of cities?