Cloud Solutions For A Smarter Grid
NEW YORK, March 7, 2013 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:
Zpryme forecasts the smart grid related cloud services market to reach $4 billion by 2020. Global smart grid technology deployments are not only re-shaping the global energy landscape, but they are also poised to challenge the traditional business, IT, operations, and management structures that utilities have grown accustomed to over the past 50 years. To prepare for such change, utilities must embrace new business models and operational architectures that will allow them to meet the current and future needs of their customers. Highly scalable and cost-effective cloud solutions will play a key role in allowing both small and large utilities adapt to such changes.Cloud technologies have experienced explosive growth in the IT industry. Successful applications of cloud technology have been demonstrated in fields ranging from human resources to healthcare and have drawn the attention of utilities worldwide. Many of these utilities have invested substantial amounts of capital in hardware installations, particularly in the areas of AMI and sensor deployments. Now that the hardware is in place, they are looking for ways to optimize and analyze the voluminous data being generated from these devices. Thus they are looking to cloud services as a solution to manage their data externally, reduce IT costs, optimize their infrastructure, and increase their ability to rapidly scale their solutions to meet their future business needs. Our forecast indicates the market for cloud solutions for utilities will experience dynamic growth over the next 8-10 years, with an average annual growth rate of 25%. Growth will be moderate in the short-term, primarily led by North America and Europe, and accelerated later by Asia Pacific, which has been slower to adopt cloud services. However, by 2015 Asia Pacific will surpass Europe, and will do the same for North America in 2019, and by 2020 will account for the largest share of the global cloud services market. The major application areas for cloud solutions will be in distribution system software and applications, AMI, and data management and analytics. Zpryme has refined its forecasting models over dozens of reports and vendor and utility surveys and interviews to produce granular projections based on expected demand and our first-hand knowledge of the utility and cloud market. Complementing these metrics, our report includes solution offerings from key vendors and a brief of leading utilities that are deploying cloud based solutions.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV