Tag Archive | smart grid

Global Smart City Tech Spending to Reach $124 Billion

Global Smart City Tech Spending to Reach $124 Billion

“The top 100 cities investing in smart initiatives in 2019 represented around 29 percent of global spending, and while growth will be sustained among the top spenders in the short term, the market is quite dispersed across midsize and small cities investing in relatively small projects.”

via Digital Lifescapes

Global Smart Grid Cyber Security Market Growth Upside

smart grid security market research

The global smart grid cyber security market will to grow at a CAGR of around 10 percent between 2016 and 2020, according to Technavio. In 2015, the global smart grid cyber security market was dominated by the Americas, with a market share of over 41 percent.

Source: Technavio

Smart Grid Technology will Deliver $18.8 Billion in Savings

global smart city market research

Smart Cities are applying Internet of Things (IoT) based solutions. A smart city is an ecosystem that places emphasis on the use of digital technology to drive efficiency for existing social, economic and environmental processes, while developing new, data-driven processes.

Source: Digital Lifescapes

Smart Grid IT Systems Market will Reach $22B by 2020

global smart grid market research

During 2015, the Americas accounted for around 45% of the market share to dominate the global smart grid IT systems market. Increased investments in smart grid systems and the subsequent increase in the R&D spending are factors that will fuel growth in the Americas market.

Source: Technavio

Smart Grids will Deliver $18.8 Billion in Cost Savings

smart cities market research

Internet of Things (IoT) technologies are enabling municipalities around the globe to implement a series of digital transformation projects. Juniper Research has found that European cities are forging ahead with efforts to become Smart Cities, with 60 percent of the world’s leading smart city projects based in this region.

Source: Digital Lifescapes

How the IoT Drives Demand for Industrial Cybersecurity

internet of things IOT industrial cyber security

While manufacturing and industrial companies vary in their need for traditional security measures, the proliferation of communication networks and the growing use of off-the-shelf software has thrust cyber security concerns into the spotlight.

Source: Digital Lifescapes

How Smart Grids Create Growth for Industrial Cyber Security

Smart Grid Cyber Security

Due to an increase in smart grid projects, the global industrial cyber security market is expected to grow at a CAGR of 14.17% during 2014 to 2019. “Smart grids comprise computers and automation systems working in tandem with electrical grids,” says Faisal Ghaus.

via Technavio

Internet of Things Apps within the Global Smart Grid Market

Smart Energy Grid Sensors

Power utilities are increasingly using smart grids and Internet of Things networking solutions with modern sensing technologies to achieve an effective smart grid system. According to Technavio, the global smart grid sensors market is estimated to grow at a CAGR of 16%, during the forecast period from 2014 to 2019.

via Technavio

How Forward-Thinking Utilities Adopt the Internet of Things

Internet of Things for Utilities

The smart grid sensor market is expected to reach the $100 million mark in 2017. To date, the market for smart grid sensors is centered mainly in North America, where there is a mixture of a few large installations and many smaller pilot projects.

via Digital Lifescapes

Smart Grid Initiatives to Reach $10.7 Billion in Savings by 2019

The Juniper Smart City Rankings have been compiled following an analysis of the Smart capabilities offered in each city, with particular focus on their use of smart grids, smart traffic management and smart street lighting.

via Digital Lifescapes