Global IoT Market in Energy Grid Management Growth at CAGR of 35.7%, 2017-2021

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Sep 18, 2017, 11:15 ET

DUBLIN, September 18, 2017 /PRNewswire/ --

The "Global IoT Market in Energy Grid Management 2017-2021" report has been added to Research and Markets' offering.

About IoT in Energy Grid Management

The global IoT market in energy grid management to grow at a CAGR of 35.71% during the period 2017-2021.

Global IoT Market in Energy Grid Management 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers new installations of software and hardware solutions, and services market.

According to the report, one driver in the market is individualized customer preferences. The increasing individualized customer preferences for electricity is expected to drive the growth of the global IoT market in energy grid management. Large commercial customers prefer renewable energy to achieve their corporate sustainability goals. A few residential customers prefer solar energy to power their houses. Cities and towns demand customized services in the form of micro grids, renewable energy services, and smart city services.

One trend in the market is adoption of smart grid networks. Smart grids can integrate the actions and responses of all users connected to it, including generators and consumers and act accordingly. These smart grids enable the efficient delivery of sustainable, secure, and economical electricity supply.

Further, the report states that one challenge in the market is concerns regarding data and network security. Power industries generally use outdated software and hardware, which makes the grid infrastructure vulnerable to sophisticated hackers with a knowledge of infiltrating old security protocols. IoT devices are available with inbuilt login credentials, which are rarely changed by the owners or operators. This compromises the security of the entire system. A huge amount of investment is made on the part of the power companies in enhancing the security of the energy grids to combat hackers.

Key vendors

Accenture
Cisco
Intel
Schneider Electric
Siemens

Other prominent vendors

Actility
Bosch Software Innovations
Huawei
Sierra Wireless
Texas Instruments
ThingWorx

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation By Application

Part 07: Market Segmentation By Solution

Part 08: Geographical Segmentation

Part 09: Decision Framework

Part 10: Drivers And Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Key Vendor Analysis

Part 14: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/78s3d3/global_iot_market

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SOURCE Research and Markets