Internet of things in energy has become need of the hour as rising global energy consumption requires an effective energy solution. IoT implementation in energy enhances productivity, efficiency and helps in solving critical problems. However, with rapid rise in IoT adoption has posed some challenges as well such as interoperability, increased fragmentation and security & privacy among others.
According to AMA, the Global Internet Of Things In Energy market is expected to reach USD29.4 Billion by 2024 growing at a CAGR of 17.3%.
Integration of Distributed Energy Resources and Growing Automation, Such as Automatic Meter Reading, in Energy Sector Owing to IoT Deployment
Growing Cyber Attack Threat, Emphasizing on Increasing Operational Efficiency and Reduce Process Costs and Improve Efficiency
Growing Energy Demand and IoT Penetration and Implementation of AI in Energy Sectors
The Players Covered in the Study are:
Agt International [Switzerland], Carriots S.L. [Spain], Cisco Systems Inc. [United States], Davra Networks [Ireland], Flutura Business Solutions LLC [India], IBM [United States], Intel Corp. [United States], Maven Systems Private Limited [India], SAP SE [Germany], Symboticware Inc. [Canada] and Wind River Systems Inc [United States]
List of players that can be included in the study on immediate basis are Alcatel-Lucent [France], Accenture PLC [Ireland], Google Inc. [United States], Hewlett-Packard [United States] and ILS Technolgy LLC [United States].