Smart grid as a service to hit $11.2 billion by 2023

Sponsored by

Revenue from smart grid as a service solutions will grow from $1.7 billion annually in 2014 to $11.2 billion in 2023, according to a recent report from Navigant Research.

While they represent a small part of the smart grid market today, SGaaS solutions allow utilities with financial constraints to spread project costs over several years, and can provide skilled IT professionals to utilities that may otherwise have difficulty attracting talent.

Growth in this segment over the next 10 years is expected to be strong, as utilities with limited budgets find managed services to be a cost-effective and manageable alternative for their smart grid initiatives.

“Traditionally, utilities have shied away from outsourcing operations beyond back-office functions like billing or payroll,” says Richelle Elberg, senior research analyst with Navigant Research. “But the tremendous growth in cloud-based services for business of all types has increased utilities’ awareness of and comfort levels with cloud-based solutions.”

Besides the most obvious factor of cost, SGaaS offers several potential advantages over conventional, in-house smart grid deployments, according to the report, including reduced time to market and improved security. Cloud computing has advanced to such a degree that the security employed by third-party vendors may be stronger than what a utility can implement internally.

Sponsored by
Most Popular Articles

CURRENT MAGAZINE ISSUE

June 2015
Volume 19, Issue 6
cover

Utility Products Topics

Transmission & Distribution
                       Vehicles & Accessories
Tools & Supplies   Safety
Line Construction & Maintenance   Test & Measurement

WEBCASTS

How to deploy mobile forms + devices to speed up field service processes & reporting

Overcoming the pain points associated with any process is much simpler and more cost effective than you think. This webinar will detail the benefits of switching to mobile forms for field data collection and reporting.
 
We'll examine real use cases and ROI of integrating mobile forms within a given field service process, including for work orders, inspections, checklists and proposals.
 
A quick AT&T Mobile Forms demo will reveal the feature rich, user-friendly nature of the solution. You'll see why it’s a must-deploy to speed up data collection, eliminate invoicing/data entry lags and auto-generate/deliver insightful reports.

UTILITY PRODUCTS BUYERS' GUIDE

POWER INDUSTRY JOBS

Industry Company Pages

Keep up-to-date with the latest news and articles from some of the prominent utility product companies and resources.

BUYER'S GUIDE PRODUCTS

Everlast pole tags

Everlast pole tags for distribution poles have been used all over the world in this great earth's worst environment's proving it is the longest lasting product to use on pole's!

Everlast Substation signs

Everlast safety signs and Everlast Substation signs meet all ANSI and OSHA requirements and continue to be readable for the life of the substation. When most signs fail ours shine.

SB01 Splice Enclosure and Accessories

AFL’s SB01 splice enclosure provides protection from all types of elements. From weather to bullets, the iron and steel construction requires no additional protective covering.