Enjoy complimentary customisation on priority with our Enterprise License!
The smart grid IT systems market size is forecast to increase by USD 35.17 billion at a CAGR of 22.07% between 2023 and 2028. The market is witnessing significant growth due to the increasing demand for energy efficiency and cost savings. Utilities are increasingly taking on the role of energy managers, driving the adoption of IT systems for optimizing electrical supply, integrating renewable energy sources, and leveraging emerging technologies like the Internet of Things (IoT) and Artificial Intelligence (AI). These innovations are enabling smarter, more efficient energy management. However, the high implementation costs remain a challenge for market growth. Furthermore, ensuring smart grid security is crucial to prevent power outages and protect against cyber threats, particularly in residential and commercial applications. The integration of IoT and AI technologies is also critical in enhancing grid performance, predictive maintenance, and real-time data analysis. Energy management and optimization are key priorities for utility companies and businesses, making the market for Smart Grid IT systems an attractive investment opportunity.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.