Cisco and Siemens lead the list of smart city suppliers in a new report prepared by Navigant Research.
The study, titled “Navigant Research Leaderboard: Smart City Suppliers”, examined the strategy and execution of 16 prominent smart city suppliers with the faculty to provide leadership on extensive smart city projects across various operational and service areas.
The list was prepared by taking 10 criteria into consideration: vision; go-to-market strategy; partners; product strategy; geographic reach; market presence; sales & marketing; product performance and features; product integration; and staying power.
Eric Woods, research director at Navigant Research, said: “Cisco and Siemens’ leader position is a reflection of how both companies have continued to evolve and adapt their city offering. They have also shown an integrated perspective on urban innovation, strong sector-specific solutions, and a commitment to continued thought leadership and city engagement.”
The smart city solutions market globally is anticipated to hit $94.2 billion by 2026, from $40.1bn in 2017, said Navigant Research. Smart city suppliers who are hoping to be successful in the market can follow the footsteps of the market contenders who are focusing on the development of IoT for urban innovation.
Elsewhere, Cisco has added Cisco Spark Assistant, artificial intelligence-powered voice support for workplace, as its most recent innovation on the Cisco Spark platform. According to Cisco, the Cisco Spark Assistant is the globe’s first enterprise-ready voice assistant intended to help executives in having “great” meetings. The Cisco Spark Assistant will be released in phases, effective early 2018. Initially, the AI-powered voice assistant will be available on the Cisco Spark Room Series portfolio.