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“Smart grid utilities are evolving into brokers of information,” says industry analyst Marianne Hedin. “The ‘data tsunami’ that will wash over utilities in the coming years is a formidable IT challenge, but it is also a huge opportunity to move beyond simple meter-to-cash functions and into more robust business intelligence capabilities, true situational awareness with real-time optimization of their operations, and even predictive analytics.”
Hedin adds that the emerging competitive landscape for smart grid data analytics, like most nascent technology sectors, is highly fragmented with a mix of large, established players and smaller, specialized firms that come from many industries. Here’s a breakdown of the current competitive landscape:
Pike Research’s analysis indicates that in 2009, the smart grid data analytics software market was only slightly smaller than the services segment. In the coming years, however, services will continue to grow in market share, and by 2015 will represent approximately two-thirds of utilities’ total spending for data analytics.
Pike Research’s report, “Smart Grid Data Analytics”, examines global and regional smart grid data analytics software and service trends, analyzes key market drivers and barriers, and forecasts market size and growth prospects by region and different service segments from 2009 through 2015. In addition, Pike Research profiles and assesses the major vendors active in the smart grid data analytics market. An Executive Summary of the report is available for free download on the firm’s website.