Sep 11, 2018   SOURCE: BusinessWire

Navigant Research Report Shows the Global Market for Smart City Platforms Is Expected to Reach $755 Million by 2027

A new report from Navigant Research examines the evolution of the global smart city platform market, providing forecasts, segmented by solution type, region, and software and services, through 2027.

Driven by Internet of Things (IoT) deployments, as well as other smart technologies, smart city platforms provide the integrated capability to coordinate data, applications, and services at one or more levels across operational domains for multiple stakeholders. The concept combines an ambitious vision for the integration of urban services and the more pragmatic development of foundational layers that will enable that vision. Click to tweet: According to a new report from @NavigantRSRCH, the global market for smart city platforms is expected to reach $755 million by 2027.

“City platforms enable continuous service and technology innovation and allow cities to adapt to a world where platform offerings dominate many business areas,” says Eric Woods, research director with Navigant Research. “Developing the right platforms will be key to building the partnerships cities need to ensure that their economies, environment, and services are fit for the future.”

According to the report, cities need to develop capabilities that enable them to manage resources and deliver services in the world shaped by platforms such as Uber, Airbnb, Amazon, Google, and Facebook. Navigant Research recommends that city leaders develop a platform strategy based on core principles for openness, use of standards, and alignment with other technology and business programs. Technology and service partners need to work closely with cities to develop solutions tailored to local needs and to support them through service transformation.

The report, Smart City Platforms, examines the evolution of the global smart city platform market. The study analyzes global trends, early deployments, and specific supplier offerings related to smart city platforms. Global market forecasts, segmented by software and services, solution type, and region, extend through 2027. The report also examines the key market drivers and challenges related to smart city platforms, as well as the competitive landscape. An Executive Summary of the report is available for free download on the Navigant Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.

* The information contained in this press release concerning the report, Smart City Platforms, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.