Smart grid as a service will reach US$11.2 billion in annual revenues by 2023, says Navigant

While they represent a small part of the smart grid market today, smart grid as a service (SGaaS) solutions allow utilities with financial constraints to spread project costs over several years, and can provide skilled IT professionals to utilities that may otherwise have difficulty attracting talent. Growth in this segment over the next 10 years is expected to be strong, as utilities with limited budgets find managed services to be a cost-effective and manageable alternative for their smart grid initiatives. According to a recent report from Navigant Research, revenues from SGaaS solutions will grow from US$1.7 billion annually in 2014 to US$11.2 billion in 2023.



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via Yuichun