Smart grid analytics solutions are part of a growing market, according to new industry research. Managed service providers seeking to assist growing firms already delving into analytics can help them innovate in this up-and-coming segment.
A recent MarketsandMarkets report featured in Yahoo! Finance found that the smart grid analytics market is set to grow from $12 billion in 2014 to $5.5 billion by 2019. That is a compound annual growth rate of 25 percent. The report also predicts a boost in the adoption of AMI analytics and analytics for grid optimization. Vendors are part of that growth and are seeking to offer state-of-the-art big data analytics solutions like smart grid transmission, smart metering infrastructure and distribution asset operations.
Author: Marissa Tejada