““Emergence of cloud-based platforms and declining cost of Internet of Things (IoT) components will drive the adoption of IoT-based software solutions in utility sector”
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 Compound Annual Growth Rate (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..
“Analytics to gain the maximum traction during the forecast period”
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.
In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted with key industry personnel. The break-up of profile of primary discussion participants is given below;
• By Company Type: Tier-1 (35%), Tier-2 (45%), and Tier-3 (20%) companies
• By Designation: C-level (35 %), Director Level (25 %), and Others (40%)
• By Region: North America (45 %), Europe (20%), Asia-Pacific (APAC) (30%), and Rest of World (5%)
For complete report please visit :http://www.gosreports.com/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-regi/
TABLE OF CONTENTS
1 INTRODUCTION 15
1.1 OBJECTIVES OF THE REPORT 15
1.2 MARKET DEFINITION 15
1.3 MARKET SCOPE 15
1.3.1 MARKETS COVERED 16
1.3.2 YEARS CONSIDERED IN THE REPORT 16
1.4 CURRENCY AND...