2014-02-21 06:00:05 - Oracle, Cisco, IBM and Indian IT Giants are Preparing for Global Power Utilitiesâ Smart Grid Plans - a new market research report on companiesandmarkets.com
Oracle, Cisco, IBM and Indian IT Giants are Preparing for Global Power Utilities´ Smart Grid Plans - Oracle Utilities, Cisco Systems, Inc., IBM Corporation and various Indian Information Technology (IT) giants such as Wipro Limited, Infosys Limited, and Tata Consultancy Services Limited are currently preparing to compete to be part of the smart grid plans of power utilities around the world. In recent years, an increasing range of activities and applications have developed across the smart grid space, which has provided a wide spectrum of business opportunities for IT vendors. Grid modernization efforts are being undertaken by utilities in various countries such as the US, Canada, Australia, the UK, the Republic of Ireland and South Korea to upgrade electricity transmission
and distribution systems to ensure increased efficiency and reliability in power supplies. The increase in smart grid activities has provided opportunities to IT vendors to include digital intelligence to utility grids. This has enabled global IT giants to add new utility products and services to their utility portfolio. Utilities are now offering smart grid services such as Meter Data Management (MDM), energy management, cloud computing, customer care and billing, and are thus boosting the growth of IT vendors. The rising number of contracts and projects involving IT spending has boosted overall market morale.
- Utilities smart grid plans involving IT spending across global electricity markets.
- Product portfolio of top 15 IT vendors operating in smart grid domain.
- Smart grid projects and contracts involving IT spending.
- Ranking of global IT vendors on the basis of smart grid business prominence index.
Reasons to buy
- Identify the role of smart grid activities in providing business opportunities for IT vendors.
- Gain insight on IT giants´ latest addition in utility products and services.
- Identify the role played by smart grid projects and contracts involving IT spending in boosting the overall market morale.
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