Internet Of Things (IOT) In Utility Market is predicted to generate revenue of $311.31 billion by 2022 – Brisk Insights

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According to a recently published report, the global Internet Of Things (IOT) In Utility Market has been expected to grow at the CAGR of 19.8 % during the forecasted period 2016-2022 and to generate revenue of $311.31 billion by 2022.The segmentation of global internet of things (IoT) in utility market is software, platform, service, application and geography. The report global internet of things (IoT) in utility market forecast 2016-2022 (software, platform, service, application and geography) provides detailed overview and predictive analysis of the market. In 2015, energy and utility sector is the second largest vertical sector in terms of spending on IoT related products and services. IoT has been the reason of significant changes in the utility industry.

There has been rising focus on conservation of energy and water resources, increase energy efficiency, and reduce carbon emission which is driving the adoption of intelligent assets such as smart meters, grids and appliances to cope up with this problem. In 2015, China alone has spent around $20 billion in smart grid. Most of the companies in energy and utility sector face frequent fluctuation in prices, changing regulatory requirements, etc., hence they have a lot to gain from IoT. Around 43% of utility companies have adopted IoT and are collecting data using sensors to enhance the process. Various advantages of implementing IoT in utility are reduced capital expenditure, managing demand more effectively through predictive analytics, increased capacity due to less loss and theft, lower maintenance cost , easily comply with regulations and enhanced customer engagement and so on. Due to all these factors the demand for IoT in utility has been expected to increase tremendously.

Full report is available on global internet of things (IOT) in utility market forecast report at http://www.briskinsights.com/report/internet-of-things-iot-in-utility-market

Scope of the report

  1. Global Internet of Things (IoT) In Utility Market By Software2012 – 2022 ($ million)
    1.1. Security
    1.1.1. Physical Security
    1.1.2. Cyber Security
    1.2. Operational Control
    1.2.1. Supervisory Control And Data Acquisition (SCADA)
    1.2.2. Mobile Workforce Management (MWM)
    1.2.3. Demand Response Management (DRM)
    1.2.4. Energy Management
    1.2.5. Meter Data Management (MDM)
    1.3. Smart Grid Management
    1.3.1. Network Management
    1.3.2. Outage Management
    1.3.3. Distribution Management
    1.4. Predictive Asset Management
    1.5. Customer Information System (CIS) And Billing System
  2. Global Internet of Things (IoT) In Utility Market By Platform2012- 2022 ($ million)
    2.1. Application Management Platform (APM)
    2.2. Network Management Platform
    2.3. Device Management Platform
  3. Global Internet of Things (IoT) In Utility Market By Service2012- 2022 ($ million)
    3.1. Professional Services
    3.2. Deployment and Integration Services
    3.3. Support and Maintenance Services
  4. Global Internet of Things (IoT) In Utility Market By Application 2012- 2022 ($ million)
    4.1. Waste and water Management
    4.2. Utility Gas Management
    4.3. Electricity Grid Management
  5. Global Internet of Things (IoT) In Utility Market Regional Outlook 2012-2022($million)
    5.1. North America
    5.2. Europe
    5.3. Asia Pacific
    5.4. Middle East & Africa
    5.5. Central & South America
  6. Company Profiles
    6.1. Amplia Soluciones S.L
    6.2. C3 Energy
    6.3. Capegimini
    6.4. Cisco
    6.5. Crypsoft Ltd.
    6.6. Energy Worx
    6.7. Grid 4c
    6.8. Grid Net
    6.9. Ibm
    6.10. Osissoft Llc.
    6.11. Sap
    6.12. Silver Springs Networks Inc.
    6.13. Tibbo Technology Inc.
    6.14. Trilliant Inc.
    6.15. Waviot

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Full report is available on global internet of things (IOT) in utility market forecast report at http://www.briskinsights.com/report/internet-of-things-iot-in-utility-market

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