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Grid4C selected as a key innovator in the IoT – Utility market

Internet of Things (IoT) in Utility Market by Software (Analytics, Security, Smart Grid Management, Predictive Asset Maintenance, and CIS & Billing System), Platform, Service, Application, and by Region – Global Forecast to 2020

The global Internet of Things (IoT) in utility market is estimated to grow from USD 4.63 Billion in 2015 to USD 11.73 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 20.4% during the forecast period. Currently, the IoT is at the center stage of digital transformation. IoT technology can bring exceptional operational efficiency to the utility sector. It can provide more visibility in the challenging operational environment, where the automation process can have a potential role to play. Cost efficiency, reliability, and safety are the desired goals achieved with the IoT application in the utility sector.

The report aims at estimating the market size and future growth potential of IoT in utility market across different segments, such as software, platform, service, application, and region. The base year considered for the study is 2015 and the forecast period for market size is from 2015 to 2020.

The research methodology used to estimate and forecast the IoT in utility market begins with capturing data on individual software market share through secondary research. The application of IoT in the three different areas of utility that are water, gas, and electricity are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global IoT in utility market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and sub-segments which were then verified through primary research by conducting extensive interviews with key people such as CEOs, VPs, Directors, and Executives. This data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments. The breakdown of profiles of primary is depicted in the below figure:

iot-utility-market

Internet of Things (IoT) in Utility Market

The IoT in utility ecosystem consists of many vendors. The report highlights the key innovators who serve the niche segment of the market by offering out of the box technology. The key innovators identified for the IoT in utility market are Silver Spring Networks, Inc., Trilliant, Inc., OSI Soft Inc., C3 Energy, Energyworx B.V., Cryptosoft, Tibbo Technology Inc., Amplia Soluciones S.L., WAVIoT, and Grid4C.

Target audience
IoT Platform Vendors
IoT Service Providers
Utility Platform And Analytics Vendors
System Design and Development Vendors
System Integrators/Migration Service Providers
Consultants/Consultancies/Advisory Firms
Training and Education Service Providers
Support and Maintenance Service Providers
Utility Technology Solution Vendors

Scope of the Report
The research report segments the IoT in utility market into the following submarkets:

By Software:
Analytics
Security
Physical Security
Cyber Security
Operational Control
Supervisory Control and Data Acquisition
Mobile Workforce Management
Demand Response Management
Energy Management
Meter Data Management
Smart Grid Management
Network Management
Outage Management
Distribution Management
Predictive Asset Management
Customer Information System (CIS) and Utility Billing

By Platform:
Application Management Platform
Network Management Platform
Device Management Platform

By Service:
Professional Services
Deployment and Integration
Support and Maintenance

By Application:
Water and Waste Water Management
Utility Gas Management
Electricity Grid Management

By Region:
North America
Europe
Asia-Pacific
Middle East and Africa
Latin America

Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis
Product matrix which gives a detailed comparison of the product portfolio of each company

Geographic Analysis
Further breakdown of the North America IoT in utility market
Further breakdown of the Europe IoT in utility market
Further breakdown of the Asia-Pacific (APAC) IoT in utility market
Further breakdown of the Middle East and Africa (MEA) IoT in utility market
Further breakdown of the Latin America IoT in utility market

Company Information
Detailed analysis and profiling of additional market players

 




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