In the smart grid analytics market space, the solution vendors such as Siemens AG, IBM Corporation, Opower, SAPAG, and Oracle Corporation as well as the service providers such as Accenture, Capgemini SA and Wipro offer high end data analytics solutions and professional services.
Seattle, WA -- (SBWIRE) -- 05/15/2017 -- MarketsandMarkets expects an increasing adoption trend of AMI analytics and analytics for grid optimization as numerous chief vendors are aggressively investing and rigorously working towards building state-of-the-art big data analytics solutions for the smart metering infrastructure, smart grid transmission and distribution assets and their operations.
The Smart grid analytics market is broadly segmented by type of its solution: AMI analytics, demand response analytics/ advanced analytics for Demand Response Management System (DRMS), asset analytics, analytics for grid optimization, energy data forecasting/ load forecasting, and visualization tools; by type of service: professional service, and support and maintenance service; by type of deployment model: on-premise, and on-demand (cloud-based); and by region: North America (NA), Asia-Pacific (APAC), Europe, Latin America (LA), and Middle East and Africa (MEA).
There are a few assumptions that have been taken into consideration for market sizing and forecasting exercise for the smart grid analytics market. These global assumptions include political, economic, social, technological and economic factors. For instance, exchange rates, one of the economic factors, are expected to have a moderate rating of impact on this market. Thus, the dollar fluctuations are assumed to not affect the market forecast to a significant extent. Also, market size for the hardware equipment and tools is not taken into consideration while the overall sizing of the smart grid analytics market.
MarketsandMarkets expects the smart grid analytics market to grow from $1.8 billion in 2014 to $5.5 billion by 2019, at a Compound Annual Growth Rate (CAGR) of 25.0% from 2014 to 2019.
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The smart grid analytics market research report will help the market leaders/new entrants in this market in the following ways:
This report segments the market into type of solutions and services, covering this market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and the sub-segments. The market numbers are further split across different regions.
This report will help them better understand the competitor and gain more insights to better position their business. There is a separate section on competitive landscape, including competitor ecosystem, mergers and acquisition and venture capital funding. Besides, there are company profiles of 10 top players in this market.
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