Market Research Report
GIS and Situational Awareness - Geographic Information Systems and Spatial-Based Asset and Outage Analytics for Electric Utilities: Market Issues, Technology Trends and Global Market Forecasts
|Published by||Navigant Research||Product code||408851|
|Published||Content info||52 Pages; 47 Tables, Charts & Figures
|GIS and Situational Awareness - Geographic Information Systems and Spatial-Based Asset and Outage Analytics for Electric Utilities: Market Issues, Technology Trends and Global Market Forecasts|
|Published: December 15, 2016||Content info: 52 Pages; 47 Tables, Charts & Figures||
The use of geographic information systems (GISs) has become fundamental to today's power utility as a foundational model for an array of IT systems. A GIS can enhance the value and output from customer information, meter data management, mobile workforce management, outage management, distribution management, and asset management systems, as well as analytics applications. As such, the penetration of the GIS as a system of record is widespread, particularly in North America and Europe.
The use of spatial data has expanded to include advanced technologies such as application-based software, cloud computing, drones, mobile GISs, remote sensing, spatial analytics, and WebGIS. These new GIS-based technologies are supporting real-time situational awareness and anticipation of, and response to, events that might disrupt the performance of the power grid. The next evolution in the increasingly geocentric utility will come from the use of spatial-based analytics as utilities are forced to lower costs and improve operational efficiencies. Asset and outage analytics are particularly spatial in nature and will contribute to the continued advancement of data collection and management practices. According to Navigant Research, the global market for core GISs and related asset/outage analytics is expected to grow from nearly $1.6 billion in 2016 to over $3.2 billion by 2025.
This report analyzes the global market for core GISs and related asset/outage analytics. The study covers the evolution of geospatial solutions and isolates emerging technologies, delving into market trends, drivers, and challenges faced by participants. Global market forecasts for core GIS software, implementation and upgrade services, maintenance, and cloud-based revenue extend through 2025. In addition, Navigant Research provides forecasts of revenue for spatial-based analytics for both asset and outage analytics. The report also examines the key technologies related to core GISs and related asset/outage analytics, as well as the competitive landscape.