Smart grid managed service refers to combined service, including different aspects such as software and hardware related to the smart grids. Adopting smart grid-managed services helps utility providers realize better operation and value from their energy transmission and distribution business. The services may comprise consulting, data analytics, and hardware installation for smart grids. Managed service providers help with strategic decision-making as per the requirement of their clients. The popular applications of smart grid managed services are energy management systems (EMS), distribution management systems (EMS), and smart grid data analytics solutions.
The most significant factor fueling the smart grid managed services market is the rising adoption of smart grids worldwide. Various countries, including China, Japan, the U.S., India, and others, are investing heavily in smart grid infrastructure. As a result, the demand for related data analytics solutions is expected to spur substantially in the coming years. Nevertheless, on-premise deployment of smart grid analytics and other related solutions becomes cost intensive. This is a major challenge for the overall smart grid industry.
Smart grid managed services are cheaper as compared to the conventional on-premise deployment of smart grid solutions. In addition, these services can be used based on the on-demand model, thereby enhancing its flexibility and scalability. This is another major factor fueling the smart grid managed services market growth. The only challenge for the market is the slow rate of adoption of smart grids across different countries. Nevertheless, with the rising concerns related to energy consumption and production, smart grid deployment is expected to pick up at a significant rate in the coming years, thereby fueling the managed services market.
The global smart grid managed services market is segmented on the following bases:
Applications
Energy Management Systems (EMS)
Distribution Management Systems (EMS)
Smart Grid Data Analytics
Applications
Small & Medium Utility Providers
Large Utility Providers
Public Sector Utility Providers
Geography
North America
US
Canada
Europe
Rest of Europe
CIS Countries
EU7 (U.K., Spain, France, Germany, Italy, Belgium & the Netherlands)
Asia-Pacific
Rest of Asia Pacific
Oceania
South Asia
China
Japan
Latin America
Rest of Latin America
Mexico
Brazil
Middle East & Africa
GCC Countries
North Africa
South Africa
Rest of Middle East &Africa
Key Players Identified for Smart Grid Managed ServicesMarket Include but are Not Limited to:
Accenture Plc., Atos SE, Capgemini SA, International Business Machines (IBM) Corporation, Alstom SA, Siemens AG, Ericsson, and others.
This report offers the following:
An overview of the global markets for smart grid managed services.
Market trends assessment for the period 2014-2022, with historical information for 2014& 2015, and projections through 2022, with respective CAGR during 2016-2022
Qualitative assessment tools such as market drivers, challenges, and future prospects in the market
Market competition scrutiny tools such as market positioning analysis
A general overview of the industry structure
Company profiles highlight key information about the major players operating in the smart grid-managed services market.
Frequently Asked Question:
The market for Smart Grid Managed Services Market is expected to reach USD$ XX Bn in 2020.
The Smart Grid Managed Services Market is expected to see significant CAGR growth over the coming years, at XX%.
The report is forecasted 2020.
The base year of this report is 2019.
Accenture Plc., Atos SE, Capgemini SA, International Business Machines (IBM) Corporation, Alstom SA, Siemens AG, Ericsson. are some of the major players in the global market.
