[September 02, 2015] |
|
The Global Market for Smart Grid IT Software and Services Is Expected to Total $142 Billion from 2014 to 2024, According to Navigant Research
A recent report from Navigant
Research provides a comprehensive overview of the global market for
utility smart grid information technology (IT) systems, including global
market forecasts for utility smart grid IT software and services through
2024.
As power grid operators and managers address the growing challenges of
stability and reliability to the grid, modern IT solutions are
increasingly being leveraged to automate control and maintenance
functions and to more efficiently engage with customers. These new
systems are expected to represent a significant portion of smart grid
investment over the next decade as utilities look to take advantage of
the granular data they provide. Click
to tweet: According to a recent report from Navigant Research, the
global market for smart grid IT software and services is expected to
total $142 billion from 2014 through 2024.
"Platforms like mobile devices and social media are helping to deliver
information to utility managers in a way that has never been possible
before," says Richelle Elberg, principal research analyst with Navigant
Research. "The information and accessibility these new IT systems
provide are giving utilities a newfound ability to improve efficiency,
reduce their costs, and interact with their customers."
According to the report, utilities are increasingly requiring field and
office workers to have access to system data wherever they go. This
change is being driven by utilities' desire for heightened productivity
and improved workflow management among workers in the field, and it is
assisted by the growing presence of broadband networks and the use of
smartphones and tablets, all of which are helping the market to expand.
The report, Smart
Grid IT Systems, provides a comprehensive overview of the global
market for utility smart grid IT systems. The study discusses the
potential benefits and challenges to utilities deploying new IT systems
and describes a dozen major utility IT applications. Global market
forecasts for utility smart grid IT software and services, segmented by
category (software purchases and upgrades, software maintenance fees,
services, and software as a service, or SaaS (News - Alert)), application, and region,
extend through 2024. The report also provides in-depth profiles of
numerous vendors involved in the utility smart grid IT space. 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
Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings
sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
About Navigant
Navigant Consulting, Inc. is an independent specialized, global
professional services firm that combines deep industry knowledge with
technical expertise to enable companies to defend, protect and create
value. With a focus on industries and clients facing transformational
change and significant regulatory and legal issues, the Firm serves
clients primarily in the healthcare, energy and financial services
sectors which represent highly complex market and regulatory
environments. Professional service offerings include strategic,
financial, operational, technology, risk management, compliance,
investigative solutions, dispute resolutions services and business
process management services. The Firm provides services to companies,
legal counsel and governmental agencies. The business is organized in
four reporting segments - Disputes, Investigations & Economics;
Financial, Risk & Compliance; Healthcare; and Energy. More information
about Navigant can be found at navigant.com.
* The information contained in this press release concerning the
report, Smart Grid IT Systems, 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150902005459/en/
[ Back To Mobile World Congress's Homepage ]
|