Market Research Report
Market Data - Smart Grid IT Systems - ADMS, AMS, CIS, DERMS, DRMS, EMS, GIS, MDMS, MWMS, OMS, SCADA and Analytics Solutions: Global Market Analysis and Forecasts
|Published by||Navigant Research||Product code||235992|
|Published||Content info||30 Pages; 138 Tables, Charts & Figures
Delivery time: 1-2 business days
|Market Data - Smart Grid IT Systems - ADMS, AMS, CIS, DERMS, DRMS, EMS, GIS, MDMS, MWMS, OMS, SCADA and Analytics Solutions: Global Market Analysis and Forecasts|
|Published: March 14, 2017||Content info: 30 Pages; 138 Tables, Charts & Figures||
The advent of smart grid technologies has led to the deployment of billions of connected devices across transmission and distribution networks worldwide. These devices provide utilities with unprecedented grid-edge visibility and granular data. Yet, without IT systems to process this data, the grid is not smart.
Today, a wide array of increasingly sophisticated IT solutions helps utilities leverage operational and customer data in order to automate grid control and maintenance functions and better engage with customers. Add a growing range of analytics solutions into the mix, and the possibilities for utilities to improve efficiency and reliability and reduce costs are nearly endless. Navigant Research projects that IT systems and analytics will account for a growing portion of utility investment over the next decade. Yet, utility investment in new IT solutions will happen in an incremental fashion in most regions due to financial constraints and competing budget items, among other factors. According to Navigant Research, the global market for smart grid IT and analytics for software and services is expected to grow from approximately $12.8 billion in 2017 to more than $21.4 billion in 2026.
This Navigant Research report analyzes the global market for smart grid IT systems and analytics solutions. Global market forecasts for smart grid IT and analytics software, implementation and upgrade services, maintenance, and cloud-based revenue extend through 2026. The study covers 12 major smart grid IT systems, including four smart grid analytics applications: advanced distribution management systems, asset management systems, customer information systems, demand response management systems, distributed energy resource management systems, energy management systems, geographic information systems, meter data management systems, mobile workforce management systems, outage management systems, SCADA, and analytics.