Tuesday 14 April 2015, Amsterdam
The report recognizes the following companies as the key players in the Global Smart Grid Data Analytics Market: Accenture plc, AutoGrid Systems Inc., Itron Inc., Sensus USA Inc. and Silver Spring Networks
Other Prominent Vendors in the market are: IBM, Infosys, Microsoft, SAP and Verizon.
The report said: “One key trend in the market is the increase in the installation of smart energy meters. Power utilities worldwide are investing to change the way data are transmitted to and collected from consumers through various communication networks. AMI-enabled meters are being deployed to facilitate two-way communication between utilities and consumers.”
According to the report, one of the major drivers of the market is the growth in the deployment of smart grid. There are several large-scale projects being undertaken by global companies for smart grid development.
Further, the report states that one of the key challenges in this market is the lack of industry standards. Regulatory authorities worldwide follow an array of common standards to bring in more consistency and steadiness within the Global Smart Grid Data Analytics market, as the absence of such standards would create issues during the interoperability of metering systems.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.