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About IoT in Energy Grid Management The Industrial Internet of Things (IIoT) is a term used to define the interconnection of industrial manufacturing and process equipment using IoT technologies. It represents the application of the latest digital information technologies for industrial activities. IIoT begins with sensors, which take analog information and convert it to digital data. The sensors transmit data to an on-site server for storage and analysis. This helps the administration of the company or business organization to take real-time decisions to improve the efficiency of output and increase the inbound revenue. Technavio?s analysts forecast the global IoT market in energy grid management to grow at a CAGR of 35.71% during the period 2017-2021. Covered in this report The report covers the present scenario and the growth prospects of the global IoT market in energy grid management for 2017-2021. To calculate the market size, the report considers new installations of software and hardware solutions, and services market. The market is divided into the following segments based on geography: ? Americas ? APAC ? EMEA Technavio's report, Global IoT Market in Energy Grid Management 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. Key vendors ? Accenture ? Cisco ? Intel ? Schneider Electric ? Siemens Other prominent vendors ? Actility ? Bosch Software Innovations ? Huawei ? Sierra Wireless ? Texas Instruments ? ThingWorx Market driver ? Individualized customer preferences ? For a full, detailed list, view our report Market challenge ? Concerns regarding data and network security ? For a full, detailed list, view our report Market trend ? Adoption of smart grid networks ? For a full, detailed list, view our report Key questions answered in this report ? What will the market size be in 2021 and what will the growth rate be? ? What are the key market trends? ? What is driving this market? ? What are the challenges to market growth? ? Who are the key vendors in this market space? You can request one free hour of our analyst?s time when you purchase this market report. Details are provided within the report.
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.
Primary research - Manufacturers/Suppliers, Channel partners, Industry experts, Strategic decision makers
Secondary research - Technavio internal repository, Industry journals and periodicals, Government bodies, Annual reports of key stakeholders
Data synthesis - Collation of data, Estimation of key figure, Analysis of derived insights
Data validation - Triangulation with data models, Reference against proprietary databases, Corroboration with industry experts
Qualitative analysis - Market drivers, Market challenges, Market trends, Five forces analysis
Quantitative analysis- Market size and forecast, Market segmentation, Geographical insights, Competitive landscape
Technavio’s database and industry-specific repositories are used for defining the hypothesis for the study, which is further fine-tuned through primary research involving industry experts. The success of our approach lies in the fact that we take the viewpoint of all stakeholders into consideration while analyzing an industry, and objectively assess each outlook.
Why Market Size Forecasters?