Utility spending on smart grid IT systems will grow from $8.5 billion in 2013 to $19.7 billion in 2022, according to a new report from Navigant Research.
The report, “Smart Grid IT Systems,” provides a comprehensive overview of the global market for utility smart grid IT systems. With the volume of data, new IT systems are needed to analyze such data.
The study also includes potential benefits and challenges, such as regulatory approval, utilities face when deploying IT systems. The report mentions how regulators are cautious to approve such large investments without proven benefits to ratepayers.
The report is categorized by software purchases and upgrades, software maintenance fees, services, and SaaS, application, and region, and extends through 2022. The report also provides in-depth profiles of numerous vendors and IT systems.
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