Technology News & Trends

Global Smart Grid Data Analytics Market: Overview According to a new market report pertaining to the global smart grid data analytics market published by Transparency Market Research , the global  smart grid data analytics market  is anticipated to reach  US$ 14,036.9 Mn  by 2030. The smart grid data analytics market is projected to expand at a CAGR of  12.8%  from 2020 to 2030 based on revenue. According to the report, North America was a significant contributor to the smart grid data analytics market in terms of revenue in 2019.  Advancements in Smart Meter and Advanced Metering Infrastructure (AMI)Driving the Global Smart Grid Data Analytics Market Advanced metering infrastructure (AMI) is an integrated system which includes smart meters, communication networks, and data management systems that provide a two-way digital link between the customer and utilities. AMI provides various operational benefits to minimize the utility cost and offers ...

The demand within the global market for smart grid data analytics has been rising on account of advancements in the domain of smart technologies, finds Transparency Market Research (TMR). Although the field of analytics has existed for decades, it has attained a level of sophistication and wellness only over the past decade. This factor is a testimony to the competence of the vendors operating in the global for  smart grid data analytics market . These vendors have maintained a high level of accuracy and detail from the inception of analytics services which has in turn given an impetus to their growth prospects. The leading vendors in the global for smart grid data analytics market have existed since the start of the field of data analytics and testing. Hence, the deployment of analytic technologies for testing the viability and functioning of smart grids is a key prospect of growth for these vendors. This is because the entire world is moving towards smarter technologies, and ...

The demand within the global market for smart grid data analytics has been rising on account of advancements in the domain of smart technologies, finds Transparency Market Research (TMR). Although the field of analytics has existed for decades, it has attained a level of sophistication and wellness only over the past decade. This factor is a testimony to the competence of the vendors operating in the global for smart grid data analytics market. These vendors have maintained a high level of accuracy and detail from the inception of analytics services which has in turn given an impetus to their growth prospects. The leading vendors in the global for smart grid data analytics market have existed since the start of the field of data analytics and testing. Hence, the deployment of analytic technologies for testing the viability and functioning of smart grids is a key prospect of growth for these vendors. This is because the entire world is moving towards smarter technologies, and smar...

The global smart grid data analytics market is expected to rise at healthy growth rate due to growing popularity of these solutions. Leading companies in the market are expected to indulge in product innovation to offer better solutions and services to their customers. Mergers and acquisitions, technological advancements, and partnerships are some of the key strategies used by leading players expand their geographical reach and strengthen their position in the market. SAS Institute Inc., Accenture Plc, IBM Corporation, Siemens AG, Hewlett Packard (HP) Development Company L.P., and Oracle Corporation are some of the leading vendors in the market.  In a recent report published by Transparency Market Research, the global smart grid data analytics market is projected to exhibit a growth rate of 13.4% between 2015 and 2022. Rising at this growth rate, the market is likely to touch US$4.6 bn by the end of 2022. In 2014, market valuation was US$1.6 bn. On the basis of solution ...