Economies Leveraging Technologies in Smart Grid Data Analytics Market to Adopt New Smart Grid Concepts; Market to Touch Mark of US$ 14 Bn by 2030

ALBANY, N.Y., Aug. 18, 2020 /PRNewswire/ -- Several advantages of smart grids such as better predictive analysis of networks and decision support system have nudged utility providers in numerous countries to deploy smart grid data analytics.

Analysts at TMR concur that focus on improving environment sustainability demands and reliability of smart grids will propel smart grid data analytics market growth.

Sheer pace of urbanization in developing regions drive adoption of novel technologies in the market such as IoT and Big Data analytics.

The smart grid data analytics market is projected to clock robust CAGR of ~13% during 2020 – 2030, and reach worth of US$ 14 Bn by 2030-end.

Download PDF Brochure – https://www.transparencymarketresearch.com/sample/sample.php

Key Findings of Smart Grid Data Analytics Market Report

• Of all the key deployment models in smart grid data analytics market, the Advanced Metering Infrastructure (AMI) analytics segment is anticipated to be the dominant segment throughout forecast period
• Among the various deployment models, cloud contributed leading market share in 2019
• Among the various end users, public sector segment led the market in 2019
• North America held the dominating share in 2019 and estimated to reach US$ 1,361.7 Mn by 2020-end
• Asia Pacific to rise at remarkable growth rate during 2020 – 2030

Explore 301 pages of Smart Grid Data Analytics Market (Component: Solution [AMI Analytics, Demand Response Analytics, Grid Optimization, Asset Management, and Others] and Services [Professional and Managed]; Deployment Model: On-premise, Cloud-based, and Hybrid; End User: Small/Medium Enterprises, Large Enterprises, and Public Sector; and BSS Solutions for Utilities: Specialized Solutions and Generalized Solutions) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030  at https://www.transparencymarketresearch.com/smart-grid-data-analytics.html

Smart Grid Data Analytics Market: Key Driving Factors and Promising Avenues

• The increasing adoption of systems that helps in better convergence of OT/IT has enabled service providers a better control of analytics data.
• Rise in electricity consumption in worldwide populations is bolstering the trend for efficient and reliable power distribution
• Automation in electricity transmission and distribution is a prominent trend in developed as well developing economies of the world, boosting the demand for smart grid data analytics market
• Adoption of IoT and AI has spurred the performance of smart grids, thereby boosting the business market proposition among utility providers
• Rise in demand for reliable electricity transmission in industrial and residential sectors is boosting the demand.

Request the Covid19 Impact Analysis across Smart Grid Data Analytics Industries and Markets

Smart Grid Data Analytics Market: Competitive Landscape Assessment

Providers of smart grid data analytics are focusing on improving user privacy, data integrity, and confidentiality. They are increasingly benefitting from constant efforts of integrating smart grids with IoT and Big Data analytics. Thus, industry proponents in power and industrial automation are gaining competitive edge in the smart grid data analytics market on the back of the popularity of AMI-powered predictive analytics and AI-based solutions.

Well-entrenched players in the smart grid data analytics market include smart grid data analytics, Schneider Electric SE, General Electric, IBM Corporation, Hitachi Ltd., Hewlett-Packard Development Company, Dell EMC, and Capgemini SE.

Analyze global smart grid data analytics market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

Smart Grid Data Analytics Market: Regional Landscape

The demand for smart grid data analytics solutions hasn't waned in countries that are undergoing rapid pace of urbanization, even during the uncertain Covid 19 times. A prominent case in point is Asia Pacific, which is projected to expand at rapid CAGR during 2020 – 2030. The deployment of smart grid systems has gained traction in China. The utilization of smart grid data analytics for predictive analysis of consumer behavior and grid conditions has attracted governments to support the deployment.

Access TMR Press Releases - https://www.transparencymarketresearch.com/press-releases.htm

The Smart Grid Data Analytics Market can be segmented as follows:

Global Smart Grid Data Analytics Market: Segmentation

Component

• Solution
• AMI Analytics
• Demand Response Analytics
• Grid Optimization
• Asset Management
• Others (Energy Forecasting and Data Visualization Tools)
• Services
• Professional
• Managed

Deployment Model

• On-premise
• Cloud-based
• Hybrid

End User

• Small/ Medium Enterprises
• Large Enterprises
• Public Sector

BSS Solutions for Utilities

• Specialized Solutions (for Back-end)
• CRM
• Billing
• Customer Care
• Business Intelligence
• Others
• Generalized Solutions (for Front-end)
• CRM
• Billing
• Customer Care
• Business Intelligence
• Others
• Region
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa
• Saudi Arabia
• Kuwait
• United Arab Emirates
• South Africa
• Rest of Middle East & Africa (MEA)
• South America
• Brazil
• Argentina
• Rest of South America

Explore Transparency Market Research's award-winning coverage of the Global IT & Telecom Industry:

Point-of-Sale (POS) Terminal Market – The global point-of-sale (POS) terminal market is projected to reach US$ 184.2 Bn by 2030. The point-of-sale (POS) terminal market is projected to expand at a CAGR of ~11% from 2020 to 2030. The expansion of the point-of-sale (POS) terminal market can be attributed to the rise in demand for mobile POS terminals, and enhanced customer experience and low total cost of ownership (TCO) compared to conventional channels of payment.

Electronic Data Interchange [EDI] Solution Market – Advanced communication protocols and innovative technologies in electronic data interchange solutions are bolstering the uptake of software systems. Modernization of businesses is one of the key drivers for growth of the electronic data interchange (EDI) solution market. The global electronic data interchange (EDI) solution market is projected to reach US$ 66.8 Mn by 2030. The electronic data interchange (EDI) solution market is projected to expand at a CAGR of ~8% from 2020 to 2030.

Semiconductor IP Market – The global semiconductor IP market is projected to reach ~US$ 8.3 Bn by 2030. The semiconductor IP market is projected to expand at a CAGR of ~6% from 2020 to 2030. The global semiconductor IP market has been segmented in terms of type, architecture design, and end-user. In terms of type, the market has been segmented into Verification IP, ASIC, Memory IP, Interface IP, and Processor IP. Architecture design has been segmented into Hard IP and Soft IP.

Access TMR Upcoming Reports - https://www.transparencymarketresearch.com/upcoming.htm 

Access Recently Published Reports by TMR - https://www.transparencymarketresearch.com/latest.htm

About Transparency Market Research

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyse information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact

Mr Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
Website: http://www.transparencymarketresearch.com
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/smart-grid-data-analytics.htm
Blog: https://tmrblog.com/

SOURCE Transparency Market Research

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED