According to a report by Frost & Sullivan, smart cities are anticipated to create huge business opportunities across different industries with a total market value of $1.565 trillion by 2020. Technologies such as smart metering, wireless sensor networks, open platforms, high-speed broadband and cloud computing are key building blocks of the smart city infrastructure. Research shows that two companies are top vendors in the “smart city” tech market with IBM and Cisco in podium positions. Which other companies supply the technology enabling smart cities to rise?
The ten companies below are the ones that already have a firm establishment in this evolving market, and will continue to increase their activities to get a large piece of the pie.
Smart cities are built by these top ten companies:
- Cisco
- Schneider Electric
- Siemens
- Microsoft
- Hitachi
- Huawei
- Ericsson
- Toshiba
- Oracle
Smart city business leaders, contenders and challengers
According to Navigant Research, this group can be divided in leaders, contenders and challengers.
Source Image: Navigant Research
More than 26 cities globally will be smart cities in 2025 with more than 50 percent being in Europe and North America.
Smart City building blocks
Smart city technology makes life easier for the government and inhabitants in the following area’s:
- Energy
- Technology and innovation
- Sustainability
- Urban Planning and Building
- Mobility
- Security
All these building blocks together form a billion dollar market, very attractive for suppliers. The research shows however that, currently, smart energy and smart technology are the most important parameters of smart cities. Citizens’ mobility and traffic conditions are usually the biggest problems in today’s modern urban cities. And there is a growing demandsin environmentally friendly solutions, which will further benefit electric vehicles in the long term.
Frost & Sullivan Sales Manager Maxim Perevezentsev stated on a lecture recently: “Frost & Sullivan believes that the smart city concept is the future of every modern urbanized city. Every smart city has a unique number of features and characteristics as well as unique business opportunities. Companies in the smart city space will not only partner and converge among themselves to offer ‘smart’ capabilities but will also start converging with different participants in the ecosystem. This will open multiple growth opportunities across all industries”.
Wow! Finally I got a webpage from where I be capable
of truly get valuable data concerning my study and knowledge.
you are really a good webmaster. The website loading velocity
is amazing. It sort of feels that you’re doing any distinctive trick.
Furthermore, The contents are masterpiece. you have performed a
excellent task on this matter!
I got this website from my buddy who told me on the
topic of this web site and at the moment this time I am browsing this
website and reading very informative content at this place.
May I simply say what a relief to find someone who truly understands
what they’re discussing over the internet. You definitely understand how
to bring a problem to light and make it important.
A lot more people really need to read this and understand this side
of your story. I was surprised that you aren’t more popular
since you definitely have the gift.
Thanks a bunch for sharing this with all of us you actually recognise what you are speaking approximately!
Bookmarked. Please additionally consult with my site =).
We will have a link alternate agreement between us
Having read this I thought it was very enlightening. I appreciate you
spending some time and effort to put this information together.
I once again find myself spending a lot of time both reading and leaving comments.
But so what, it was still worthwhile!