IBM named leader in Smart City Suppliers

According to the report, IBM’s (NYSE: IBM) 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.

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.

For example, Singapore, Australia’s Brisbane city and Sweden’s Stockholm city are using IBM smarter systems to reduce traffic snarls-up and environmental pollution. Such systems are also used in New York to secure social order and prevent crime and deploy preventive measures.

In Vietnam, IBM has been working with authorities of big cities like Hanoi, Danang and Ho Chi Minh City to support them in implementing their visions of building smarter cities.

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 Tran Mai Huong, manager of IBM Vietnam’s banking and government section. “Our collaborations in the world and Vietnam 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 per cent. This represents a cumulative investment of over $117 billion in smart city technologies between 2012 and 2020.

Navigant Research Leaderboard Report evaluates smart city suppliers on the basis of market share, product performance and features, product integration, marketing and financial resources to support large-scale smart city projects on a global basis.