Utility spending on smart grid as a service will total US$57.6 billion from 2014-2023, says Navigant

For the power sector to realize the full benefits of the smart grid revolution, advanced networking and communications technology must span the entire power grid. For many smaller utilities, however, the lack of access to adequate financial and human resources may limit their ability to invest in smart grid solutions at the desired level. Hosted or managed service solutions, also known as smart grid as a service (SGaaS), will help bridge that gap in coming years. According to a new report from Navigant Research, annual utility spending on SGaaS technology will grow from US$1.7 billion in 2014 to US$11.2 billion in 2023 – totaling US$57.6 billion over the period.



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via Yuichun