Smart Grid IT Systems Market by Application, End-user, and Geography - Forecast and Analysis 2023-2027

Published: Mar 2023 Pages: 185 SKU: IRTNTR75114

The Global Smart Grid IT Systems Market size is estimated to grow by USD 19,384.4 million between 2022 and 2027 accelerating at a CAGR of 15.78%. The smart grid IT systems market was valued at 

The prominent drivers of the smart grid IT systems market are the growing demand for energy and cost-efficiency, the rapid adoption of smart grid technology, and strict regulations by governments to reduce carbon emissions. Challenges such as the lack of standardization can hinder market growth. But market players are focussing on opportunities such as the growing use of smart devices and applications which will propel the market growth.  

This smart grid IT systems market research report extensively covers market segmentation by application (EMS, DMS, OMS, and data analytics), end-user (residential, commercial, and industrial), and geography (Europe, APAC, North America, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. 

What will be the size of the Smart Grid IT Systems Market During the Forecast Period?

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Covid Recovery Analysis:

The market witnessed certain challenges owing to COVID-19 in 2020. However, the easing of the lockdowns in 2021 and the emphasis on re-starting essential businesses with a limited workforce led to a gradual increase in the manufacturing industry output, which continued in 2022 as well. Moreover, increasing government investments in smart grid projects across the globe are expected to propel the growth of the market during the forecast period.

Technavio’s Exclusive Smart Grid IT Systems Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Smart Grid IT Systems Market Customer Landscape

Key Drivers, Trends, and Challenges

Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.    

Key Smart Grid IT Systems Market Driver

The growing demand for energy and cost-efficiency is notably driving the smart grid IT systems market growth. There is more pressure on utility companies as a result of the expanding global population and the resulting rise in energy demand. Utility companies are constantly working to balance supply and demand while maintaining reasonable prices. Utility companies are therefore implementing smart grid IT systems to boost operational and overall cost efficiency in order to maintain this balance.

According to the World Bank Group, in 2021, the world population was around 7.84 billion and is expected to increase by 1 billion over the next ten years. As a result, there is an increasing demand for technologies and solutions that support proper asset monitoring and control as well as optimal energy usage. Some of the areas that require adequate systems to maintain operational effectiveness include energy management and outage management. As a result, the demand for smart grid IT systems is rising because they offer a number of benefits, including improving product quality through real-time monitoring and communication. These benefits include better cost-efficient options and reduced power consumption. Different independent systems can be integrated into a single platform using smart grid IT systems, greatly increasing operational efficiency and lowering overall costs. Hence, such factors are expected to drive the growth of the global market during the forecast period.


Significant Smart Grid IT Systems Market Trends

The growing use of smart devices and applications by utility companies is an emerging trend in the smart grid IT systems market. Utilities can easily and quickly prevent, recognize, and fix grid-related issues due to the extensive deployment of communication devices. These connected devices support advanced distribution network applications like isolation and service restoration, conservation voltage reduction (CVR), fault location, and DER management. By enabling utilities to deploy hierarchical automation programs to enhance peer-to-peer communications at the grid edge, these devices enable flexibility in communication within the infrastructure. Intelligent automation controllers at the substation or smart grid IT systems at the control center can be used to position these capabilities. Utility companies can therefore enhance service quality and operational efficiency by deploying a wide array of devices and sensors with dependable and high-performance communications.

A dynamic optimization at the grid edge, improved restorative capabilities for prompt outage management, and proper service coordination between utilities and third-party providers could all be made possible by the quick spread of smart devices and applications. Therefore, there will be a huge need for proper controlling and monitoring as more smart devices and applications are integrated into the grid infrastructure, which will increase the demand for smart grid IT systems and the scope of smart grid IT systems applications. Such factors will boost the global market growth during the forecast period.


Major Smart Grid IT Systems Market  Challenge

Lack of standardization is a major challenge impeding the smart grid IT systems market growth. The gap between the interoperability of different power systems has grown due to the general lack of standardization within a grid network. The main server is connected to a number of interconnected systems that make up smart grids. This system integration widens the gap between networking systems, which has an impact on the grid's overall functionality. Systems that are interoperable have not yet been deployed by utilities. Thus, utilities face a significant challenge in implementing security standards across various networking systems.

Technologies that adhere to various standards, such as those set by the Standards Developing Organizations (SDOs), industry user group standards, and proprietary standards, promise varying levels of performance, security, affordability, and development. These disparities in standards lead to a significant mismatch in system compatibilities and restrain the global market for smart grid IT systems. Thus, a lack of standardization is expected to hinder the growth of the market during the forecast period.

Who are the Major Smart Grid IT Systems Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

ABB Ltd. - The company offers smart grid IT systems which is designed for applications related to distribution automation, substation automation, and advanced metering infrastructure.

General Electric Co. - The company offers smart grid IT system which is designed to execute the flow of information like electricity consumption, timing, and pricing between customers and utility agencies.

We also have detailed analyses of the market’s competitive landscape and offer information on 15 market vendors, including:

  • Cisco Systems Inc.
  • Eaton Corp. Plc
  • ENEL X srl
  • Globema SP Z O O
  • Honeywell International Inc.
  • International Business Machines Corp.
  • Itron Inc.
  • Kamstrup AS
  • Mitsubishi Electric Corp.
  • Oracle Corp.
  • SAP SE
  • Schneider Electric SE
  • Siemens AG
  • TANTALUS SYSTEM HOLDING INC.
  • Tech Mahindra Ltd.

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.  

Smart Grid IT Systems Market Segmentation by Application, End-user, and Geography:

Application Segment Analysis: 

The EMS segment will contribute a major share of the market. It is a set of devices installed in residential buildings to enable the provision of feedback on electricity consumption, patterns, and power consumption data for individual appliances. The segment showed a gradual increase in market share with USD 3,815.80 million in 2017 and continued to grow by 2021. Additionally, this system carries out pre-programmed tasks like maintaining a home's temperature. The utility service provider receives demand-response prompts from EMS about the load generated by microgrids. The users receive the generated data. They can view their patterns of energy use and evaluate them against earlier data.

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The EMS segment is being driven by the increase in electricity costs over the past ten years as well as increased global pressure to improve energy efficiency. The sensors included in EMS can detect movement within and around the premises, improve energy efficiency, and warn customers about suspicious activity. Customers' concerns about safety and security are addressed by this. New players are entering the EMS market and establishing their market presence with cutting-edge product offerings. These companies concentrate on producing goods with cutting-edge capabilities. For instance, these players develop energy management systems that can automatically adjust the lighting in each room based on the number of people present in the room and the time of day by using various sensors that would communicate with other smart grid IT systems in the home. With increased innovations and new EMS products in the smart grid IT systems market, consumers across different countries are embracing smart grid IT systems solutions for their homes. Thus, the segment is predicted to grow rapidly during the forecast period.

End-user Segment Analysis: 

Schools, hospitals, restaurants, and shopping malls are examples of commercial buildings that use a lot of electricity. Because of this, using smart meters is required to ensure energy savings. In the upcoming years, the commercial segment of the global market is anticipated to experience significant growth, driven primarily by rising power thefts and meter tampering. As a result, smart grid IT systems are being installed in shops, malls, and other commercial spaces all over the world as a solution to these problems. In order to track patterns of electricity consumption, many commercial and industrial buildings are implementing smart grid IT systems and networks. This helps them plan their power usage by identifying potential cost-saving areas. Smart meters not only offer cost-saving benefits but also aid in electricity conservation, thus helping commercial buildings earn environmental ratings, such as the Leadership in Energy and Environmental Design (LEED) certification, which improves their social/brand image and outlook.  Such factors are expected to drive the growth of the commercial segment of the global smart grid IT systems market during the forecast period.

Regional Analysis:

Europe is estimated to contribute 36% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.  

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Europe's power market is already oversupplied with companies meeting the needs of the population. In comparison to APAC nations, where power losses during transmission are roughly 20%, the European Union (EU) countries have been able to limit power losses during transmission to a lower level. Smart grid initiatives in Europe are anticipated to be influenced by climate change policies like The Paris Climate Agreement, which aims to lower carbon emissions in the area. The need to reduce the carbon footprint and the requirement to ensure a smooth transition to renewable sources of energy are expected to drive the growth of the market in Europe during the forecast period.

New blueprints are being unveiled in some countries in the region for smart grid development. The European Commission announced the Danube InGrid project in the smart grid category in July 2022. The goal of the Danube InGrid project is to promote connection and integration between Slovak and Hungarian power markets. The project will implement smart grid technologies on a domestic and international level to advance contemporary energy infrastructure. Such initiatives by electric utility companies are expected to accelerate the growth of the smart grid IT systems market in the region during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook (USD Million, 2017 - 2027)
    • EMS
    • DMS
    • OMS
    • Data Analytics
  • End-user Outlook (USD Million, 2017 - 2027)
    • Residential
    • Commercial
    • Industrial
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Smart Grid IT Systems Market Scope

Report Coverage

Details

Page number

185

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 15.78%

Market growth 2023-2027

USD 19,384.4 million

Market structure

Fragmented

YoY growth 2022-2023(%)

14.65

Regional analysis

Europe, APAC, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 36%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

ABB Ltd., Cisco Systems Inc., Eaton Corp. Plc, ENEL X srl, General Electric Co., Globema SP Z O O, Honeywell International Inc., International Business Machines Corp., Itron Inc., Kamstrup AS, Mitsubishi Electric Corp., Oracle Corp., SAP SE, Schneider Electric SE, Siemens AG, TANTALUS SYSTEM HOLDING INC., Tech Mahindra Ltd., Trilliant Holdings Inc., Wipro Ltd., and Xylem Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Smart Grid IT Systems Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the smart grid IT systems market between 2023 and 2027
  • Precise estimation of the size of the smart grid IT systems market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across Europe, APAC, North America, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of smart grid IT systems market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global smart grid IT systems market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global smart grid IT systems market 2017 - 2021 ($ million)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.3 End-user Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 EMS - Market size and forecast 2022-2027
      • Exhibit 34: Chart on EMS - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on EMS - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on EMS - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on EMS - Year-over-year growth 2022-2027 (%)
    • 6.4 DMS - Market size and forecast 2022-2027
      • Exhibit 38: Chart on DMS - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on DMS - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on DMS - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on DMS - Year-over-year growth 2022-2027 (%)
    • 6.5 OMS - Market size and forecast 2022-2027
      • Exhibit 42: Chart on OMS - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on OMS - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on OMS - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on OMS - Year-over-year growth 2022-2027 (%)
    • 6.6 Data analytics - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Data analytics - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Data analytics - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Data analytics - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Data analytics - Year-over-year growth 2022-2027 (%)
    • 6.7 Market opportunity by Application
      • Exhibit 50: Market opportunity by Application ($ million)
      • Exhibit 51: Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 52: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 53: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 54: Chart on Comparison by End-user
      • Exhibit 55: Data Table on Comparison by End-user
    • 7.3 Residential - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Residential - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Residential - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Residential - Year-over-year growth 2022-2027 (%)
    • 7.4 Commercial - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Commercial - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Commercial - Year-over-year growth 2022-2027 (%)
    • 7.5 Industrial - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Industrial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on Industrial - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on Industrial - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Industrial - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by End-user
      • Exhibit 68: Market opportunity by End-user ($ million)
      • Exhibit 69: Data Table on Market opportunity by End-user ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 72: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 Europe - Market size and forecast 2022-2027
      • Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.4 APAC - Market size and forecast 2022-2027
      • Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.5 North America - Market size and forecast 2022-2027
      • Exhibit 83: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 87: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 UK - Market size and forecast 2022-2027
      • Exhibit 107: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.12 Japan - Market size and forecast 2022-2027
      • Exhibit 111: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 112: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 113: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ million)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 ABB Ltd.
              • Exhibit 123: ABB Ltd. - Overview
              • Exhibit 124: ABB Ltd. - Business segments
              • Exhibit 125: ABB Ltd. - Key offerings
              • Exhibit 126: ABB Ltd. - Segment focus
            • 12.4 Cisco Systems Inc.
              • Exhibit 127: Cisco Systems Inc. - Overview
              • Exhibit 128: Cisco Systems Inc. - Business segments
              • Exhibit 129: Cisco Systems Inc. - Key news
              • Exhibit 130: Cisco Systems Inc. - Key offerings
              • Exhibit 131: Cisco Systems Inc. - Segment focus
            • 12.5 Eaton Corp. Plc
              • Exhibit 132: Eaton Corp. Plc - Overview
              • Exhibit 133: Eaton Corp. Plc - Business segments
              • Exhibit 134: Eaton Corp. Plc - Key news
              • Exhibit 135: Eaton Corp. Plc - Key offerings
              • Exhibit 136: Eaton Corp. Plc - Segment focus
            • 12.6 General Electric Co.
              • Exhibit 137: General Electric Co. - Overview
              • Exhibit 138: General Electric Co. - Business segments
              • Exhibit 139: General Electric Co. - Key news
              • Exhibit 140: General Electric Co. - Key offerings
              • Exhibit 141: General Electric Co. - Segment focus
            • 12.7 Honeywell International Inc.
              • Exhibit 142: Honeywell International Inc. - Overview
              • Exhibit 143: Honeywell International Inc. - Business segments
              • Exhibit 144: Honeywell International Inc. - Key news
              • Exhibit 145: Honeywell International Inc. - Key offerings
              • Exhibit 146: Honeywell International Inc. - Segment focus
            • 12.8 International Business Machines Corp.
              • Exhibit 147: International Business Machines Corp. - Overview
              • Exhibit 148: International Business Machines Corp. - Business segments
              • Exhibit 149: International Business Machines Corp. - Key offerings
              • Exhibit 150: International Business Machines Corp. - Segment focus
            • 12.9 Itron Inc.
              • Exhibit 151: Itron Inc. - Overview
              • Exhibit 152: Itron Inc. - Business segments
              • Exhibit 153: Itron Inc. - Key offerings
              • Exhibit 154: Itron Inc. - Segment focus
            • 12.10 Mitsubishi Electric Corp.
              • Exhibit 155: Mitsubishi Electric Corp. - Overview
              • Exhibit 156: Mitsubishi Electric Corp. - Business segments
              • Exhibit 157: Mitsubishi Electric Corp. - Key news
              • Exhibit 158: Mitsubishi Electric Corp. - Key offerings
              • Exhibit 159: Mitsubishi Electric Corp. - Segment focus
            • 12.11 Oracle Corp.
              • Exhibit 160: Oracle Corp. - Overview
              • Exhibit 161: Oracle Corp. - Business segments
              • Exhibit 162: Oracle Corp. - Key news
              • Exhibit 163: Oracle Corp. - Key offerings
              • Exhibit 164: Oracle Corp. - Segment focus
            • 12.12 SAP SE
              • Exhibit 165: SAP SE - Overview
              • Exhibit 166: SAP SE - Business segments
              • Exhibit 167: SAP SE - Key news
              • Exhibit 168: SAP SE - Key offerings
              • Exhibit 169: SAP SE - Segment focus
            • 12.13 Schneider Electric SE
              • Exhibit 170: Schneider Electric SE - Overview
              • Exhibit 171: Schneider Electric SE - Business segments
              • Exhibit 172: Schneider Electric SE - Key news
              • Exhibit 173: Schneider Electric SE - Key offerings
              • Exhibit 174: Schneider Electric SE - Segment focus
            • 12.14 Siemens AG
              • Exhibit 175: Siemens AG - Overview
              • Exhibit 176: Siemens AG - Business segments
              • Exhibit 177: Siemens AG - Key news
              • Exhibit 178: Siemens AG - Key offerings
              • Exhibit 179: Siemens AG - Segment focus
            • 12.15 TANTALUS SYSTEM HOLDING INC.
              • Exhibit 180: TANTALUS SYSTEM HOLDING INC. - Overview
              • Exhibit 181: TANTALUS SYSTEM HOLDING INC. - Business segments
              • Exhibit 182: TANTALUS SYSTEM HOLDING INC. - Key offerings
              • Exhibit 183: TANTALUS SYSTEM HOLDING INC. - Segment focus
            • 12.16 Tech Mahindra Ltd.
              • Exhibit 184: Tech Mahindra Ltd. - Overview
              • Exhibit 185: Tech Mahindra Ltd. - Business segments
              • Exhibit 186: Tech Mahindra Ltd. - Key offerings
              • Exhibit 187: Tech Mahindra Ltd. - Segment focus
            • 12.17 Wipro Ltd.
              • Exhibit 188: Wipro Ltd. - Overview
              • Exhibit 189: Wipro Ltd. - Business segments
              • Exhibit 190: Wipro Ltd. - Key news
              • Exhibit 191: Wipro Ltd. - Key offerings
              • Exhibit 192: Wipro Ltd. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 193: Inclusions checklist
                • Exhibit 194: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 195: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 196: Research methodology
                • Exhibit 197: Validation techniques employed for market sizing
                • Exhibit 198: Information sources
              • 13.5 List of abbreviations
                • Exhibit 199: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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