Houston, TX -- (SBWIRE) -- 01/24/2018 -- The United States Smart Grid It Systems Market is expected to grow at a CAGR of close to +20% by 2023.

The growing demand for improved grid reliability, efficiency, control voltage fluctuation, and integration of renewables has pushed the utilities to look out for solutions in managing new assets. Several IT companies are offering specific IT solutions such as SaaS, which will allow utilities to integrate different smart grid systems and manage them from a central location. IT solutions help utilities to save on the maintenance of smart grids and the software upgrading costs. Several financial benefits associated with smart grid IT systems will increase their implementation during the forecast period.

The smart grid IT system market is expected to grow from USD 21 Billion in 2018 to USD 51 Billion by 2023.

The study presents a qualitative and quantitative analysis of the market, its key segments, regulatory
landscape, and competitive scenario, and recent developments. A detailed analysis of factors expected to drive and challenge the growth of the market as well as the trends that decide consumer inclination are highlighted. The report utilizes a variety of primary and secondary research methodologies for gathering quantitative as well as qualitative data on United States as well as regional fronts. With the help of a number of industry-best analytical methods, the vast amount of market data thus gathered is filtered and narrowed down to the details that matter the most to companies operating in the United States Smart Grid IT Systems Market or aspiring to enter it.

Companies Profiled In This Report:
Accenture, GE-Alstom, Capgemini, IBM, Siemens, Alcatel-Lucent, AT&T, EnerNOC, Ericsson, FirstCarbon Solutions, HCL Technologies, Infosys, Itron, Lockheed Martin, Tendril Networks, Trilliant Energy Services, Wipro

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The smart grid communication software segment is expected to have the fastest growth rate during the forecast period. Smart grid communication enables hardware and software to work together to form a mesh network, enabling a utility grid with intelligent features such as substation automation, distribution automation, energy management, real-time control, self-healing, and increased reliability and security. This would help operators in decision-making and better scheduling of utility storage and distribution.

Marketing strategies and marketing channels adopted by key companies are highlighted in the report. Corporations are concentrating on improving direct and indirect advertising strategies and develop various promotion channels, brand strategies, and pricing strategies. This statistical surveying report finds that major corporations functioning in the Smart Grid IT Systems Market are concentrating on acquiring a few startup companies in the near future. With this, the key companies will get a chance to focus on adopting new trends and innovations in the market products. Additionally, by merging with startups, leading companies are aiming to maintain their dominance in the United States market.

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Reason to Smart Grid IT Systems Market Research Report:
Analysis of Smart Grid IT Systems Market and its upcoming growth prospects is been mentioned with maximum precision. This study includes an elaborative summary of market which also includes snapshots that offer depth of information of various other segmentations. Through qualitative and quantitative analysis of key factors which are responsible for boosting or hampering the market growth and the promising opportunities in market have been provide. Primary and secondary research is been done in detail which helps the readers have a strong understanding of the complete market for the forecast period.

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Table of Contents:
United States Smart Grid IT Systems Market Research Report 2017
Chapter 1: United States Smart Grid IT Systems Market Overview
Chapter 2: United States Economic Impact on Industry
Chapter 3: United States Market Competition by Manufacturers
Chapter 4: United States Production, Revenue (Value) by Region
Chapter 5: United States Supply (Production), Consumption, Export, Import by Regions
Chapter 6: United States Production, Revenue (Value), Price Trend by Type
Chapter 7: United States Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: United States Smart Grid IT Systems Market Forecast

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