Navigant Research Names Cisco and Siemens the Leading Smart City Suppliers

The global market for smart city solutions and services is expected to grow from $40.1 billion in 2017 to $94.2 billion by 2026

A new Leaderboard Report from Navigant Research examines the strategy and execution of 16 smart city suppliers, with Cisco and Siemens in the lead.

The drivers behind the smart city market include some of the most challenging global developments, including continued growth in urbanization, the need to reduce city emissions and better manage resource consumption, and growing economic and environmental pressure on cities. These developments are entangled with rapid technology development in complex ways that present many opportunities for suppliers and cities. Click to tweet: According to a new Leaderboard report from @NavigantRSRCH, in terms of strategy and execution, Cisco and Siemens are the leading smart city suppliers.

“Cisco and Siemens’ leader position is a reflection of how both companies have continued to evolve and adapt their city offerings,” says Eric Woods, research director at Navigant Research. “They have also shown an integrated perspective on urban innovation, strong sector-specific solutions, and a commitment to continued thought leadership and city engagement.”

According to Navigant Research, the global market for smart city solutions and services is expected to grow from $40.1 billion in 2017 to $94.2 billion by 2026. Suppliers looking to succeed in this market can follow market contenders, which are putting more pressure on leaders with a growing focus on the development of Internet of Things (IoT) platforms for urban innovation.

The report, Navigant Research Leaderboard: Smart City Suppliers, 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 presence; sales & marketing; product performance & features; product integration; and staying power. Using Navigant Research’s proprietary Leaderboard methodology, 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. An Executive Summary of the report is available for free download on the Navigant Research website.

Contact: Lindsay Funicello-Paul

+1.781.270.8456

lindsay.funicello.paul@navigant.com

* The information contained in this press release concerning the report, Navigant Research Leaderboard: Smart City Suppliers, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Register to Receive Updates

Sign up or login to receive free newsletters, research updates, access to webinars, and other analyst content from Navigant Research.

Data Services

An interactive data visualization platform with online access to global forecasts spanning the energy, utility, transportation, and buildings industries.

More Information

Research News

Rss
Global Market Revenue for Internet of Things Lighting Solutions Is Expected to Reach $4.5 Billion in 2026
Networked lighting controls and easy-to-use sensors are driving the evolution from intelligent lighting control systems…
Read More »
Global Revenue for Industrial Internet of Things Devices, Software, and Services Is Expected to Exceed $1 Trillion Between 2017 and 2027
Industrial Internet of Things strategies can help lower operational costs and drive new revenue streams…
Read More »
The Market for Energy Service Companies Is Expected to Grow from $15 Billion in 2017 to More than $30 Billion in 2026
Related business models and financing structures can help organizations realize sustainability mandates while meeting operational,…
Read More »
View All News

{"userID":"","pageName":"Navigant Research Names Cisco and Siemens the Leading Smart City Suppliers","path":"\/newsroom\/navigant-research-names-cisco-and-siemens-the-leading-smart-city-suppliers","date":"11\/18\/2017"}