Over $47bn will be spent by electric utilities on smart metering hardware before the end of 2023 – but what about the market beyond the meter? Professional services based around AMI, software platforms and data analytics are already on the rise and new business models could yet transform the market for vendors, especially if utilities start to seek an “Outcomes as a Service” model.
This first edition report from IHS Markit takes a future look at the evolving market place for technology-based services to the electric utility, centered around the role of AMI and the all-important data. From applications such as the communications network, to meter data management software and analytics, the report will give market sizes and revenue projections for the next five years, including regional revenue projections for Software and Network as a Service. Primary research interviews with utilities, vendors and other technology companies are combined to create analysis on the impact of new business models. For example, ‘when will SaaS generate more revenue than Capex software spend?'
Research Manager, Wireless Power and Smart Utilities
David is Research Manager for the Wireless Power & Smart Utilities Infrastructure group at IHS Markit, leading a team of analysts focused on our intelligence services, research on key technology trends and consumer analysis.