According to Navigant Research, the global smart city technology market is expected to be worth more than $27.5 billion annually by 2023, compared to $8.8 billion in 2014.

This Navigant Research Leaderboard Report 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 share, 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.

Top 10 vendors are:

  1. IBM
  2. Cisco
  3. Schneider Electric
  4. Siemens
  5. Microsoft
  6. Hitachi
  7. Huawei
  8. Ericsson
  9. Toshiba
  10. Oracle