Top 10 Smart City Service Providers - 2020

Renowned global market research and consulting firm, Infoholic Research LLP said that the smart cities market in India will experience considerable growth in the verticals of high-performance computing, increasing reliability, stability, and supportability. This will lead to a reduction in ongoing cost, eliminate traditional systems, and manual processes, thereby increasing security. According to Infoholic Research LLP, the Smart Cities Market revenue in India is predicted to increase at a CAGR of 18.5 percent in the duration between 2017 and 2023. It will generate $47.70 billion by 2023. Utilizing the internet and digital technology, for the improvement of the quality of people’s life, augmenting the performance of services, and reducing cost through optimized consumption of energy, Smart Cities will become the next living. With the main framework working towards the betterment of the connectivity and real-time information, for creating an effective, efficient, and non-fluctuating management system, Smart City developers are enthralled to establish a smooth connection between employees, consumer-end, service-providing organizations, and administrators, through ensuring an organization’s engagement in the productivity improvement, service enhancement, by equipping cities with basic and advanced infrastructure. As there has been an increase in the investment for IoT, Bluetooth, and RFID, the trend of living is shifting towards smart buildings, smart homes, which are loaded with electronics and comfortable living. Experts say that the smart cities market is attracting industry technology providers, application developers, and investments, for exponential growth. Technologies like cloud, digital, IoT, artificial intelligence, machine learning, augmented and virtual reality are the biggest things for a smart city, and there is an imperious growing opportunity for a city and become smart. In this edition of the CEO Insights magazine, we provide a listing of ‘Top 10 Smart City Service Providers - 2020’, focusing on the companies affording technology developing, and inventing smart technologies, with the preparation of future supply of technology and services to smart cities. The listing is prepared by an eminent group of industry veterans, technocrats, CEOs, and VCs, and the CEO Insights editorial board. It provides the exact information required for knowing the upcoming technologies, and ongoing developments for a smart city in reality.