DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/nf3jmb/internet_of) has announced the addition of the "Internet of Things (IoT) in Utility Market - Global Forecast to 2020" report to their offering.
IoT in Utility market size is estimated to grow from USD 4.63 billion in 2015 to USD 11.73 billion by 2020, at a CAGR of 20.4% during the forecast period.
The emergence of cloud platform, declining cost of IoT components, regional government initiatives for smart grid roll-out, necessity of operational efficiency for utilities are some of the factors driving the demand for IoT in utility industry across the globe.
Factors such as predictive analytics for business, conducive analytics platforms, and end-to-end automation are expected to contribute toward the growth of the analytical solutions. The analytical solutions are expected to grow at the highest CAGR due to the increasing trends of mobile, cloud, and smart devices.
Currently, The IoT is the most focused area for a majority of IT companies who design solutions for utilities to unleash the potential for the optimization of processes across the value chain. One such untapped business opportunity for the IoT vendors is the analysis of huge amount of data in the utility sector. Predictive analytics, load forecasting analytics, in-stream analytics, and edge analytics are some the potential offerings that can be offered by the vendors.
Companies Mentioned:
- Amplía Soluciones S.L.
- C3 Energy
- Cryptosoft Ltd.
- Energyworx Solutions & Services B.V.
- Grid4C
- Osisoft, Llc
- People Power Company
- Silvers Spring Networks, Inc.
- Tibbo Technology Inc.
- Trilliant, Inc.
- Waviot
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 IoT in Utility Market Analysis, By Software
8 IoT in Utility Market Analysis, By Platform
9 IoT in Utility Market Analysis, By Service
10 IoT in Utility Market Analysis, By Application
11 Geographic Analysis
12 Competitive Landscape
13 Key Innovators
For more information visit http://www.researchandmarkets.com/research/nf3jmb/internet_of
