IBM announced yesterday that it has been named the leader in the Smart City Suppliers market by Navigant Research.
With deep expertise in helping cities, IBM has worked with thousands of cities globally to help transform their systems and provide better service to citizens.
According to the report, “IBM’s commitment to smart cities has become a key component of its broader Smarter Planet strategy. Its continued investment in research and development (R&D), products, and city engagements has allowed it to maintain its leadership position despite the growing number of heavyweight competitors.”
The new Navigant Research Leaderboard Report on smart city suppliers examines the world’s leading companies that support smarter cities projects including energy, water, transportation, building management and government services. The report specifically compares companies that provide an integrated approach to city operations, technologies and solutions.
“IBM continues to be the leader in the Smarter Cities market, helping transform cities of all sizes,” said Michael J Dixon, PhD, general manager, IBM Smarter Cities. “Our collaborations range from massive and complex strategic projects, to highly focused initiatives using proven solutions that deliver measurable return on investment.”
Mass urbanization, innovations, and new intelligence are changing the look of cities and challenging the next generation of leaders with new opportunities in public safety, healthcare, transportation, water and energy.
Navigant Research estimates that the global market for Smart Cities technology will grow from $6.1 billion annually in 2012 to more than $20 billion in 2020, a compound annual growth rate (CAGR) of 16.2%. This represents a cumulative investment of over $117 billion in smart city technologies between 2012 and 2020.