Pike Research Releases Report on Global Smart Grid IT Market
Smart grid IT is a quickly evolving area of innovation and experimentation. With the introduction of advanced metering infrastructure (AMI), meter data management (MDM) applications and the replacement and upgrading of existing billing and customer information systems (CIS), the necessity to support smart meters has already caused considerable change in the utility IT landscape.
Pike Research recently released a report called “Smart Grid IT Systems” which focuses on the state of smart grid IT and offers a model for understanding how smart grid IT is evolving. It also examines the relationship between important aspects of the smart grid IT landscape, including MDM, CIS, DMS and data analytics.
The report also touches on application areas such as outage management and asset management.
Market forecasts for smart grid software and related services, segmented by application and world region, are provided through 2017 and key industry players are extensively profiled. The report will be helpful to IT companies, systems integrators, Networking and telecommunications vendors and many such professionals, the company stated in a press release.
“IT is becoming an important part of the transformation of network operations as utilities exploit new data sources in order to improve network efficiency,” said research director Eric Woods. “Siloes of operations are being broken down, and new capabilities are emerging based on large-scale information management, real-time data analysis, and the move to closed-loop systems for managing, monitoring, and controlling the smart grid.”
TMC’s (News - Alert) Mini Swamy recently reported that Pike Research (News - Alert) ranked SUBNET as one of the top ten vendors. SUBNET's innovative and interoperable solutions are used by nine of the top twelve utilities. Its capacity to work with industry leaders and cyber security giants to improve products that help utilities integrate multi-vendor substation devices with multi-vendor business systems has earned it a place in GRC.
Edited by Braden Becker