Utility smart grid information technology IT systems and analytics are projected to account for a significant-and growing-portion of utility smart grid investment over the next 10 years. While utility investment in new IT solutions are likely to happen in an incremental fashion in most regions, total spending is expected to climb steadily as those charged with managing the grid turn increasingly to sophisticated IT systems. According to a new report from Navigant Research, worldwide revenues for smart grid IT software and services are expected to grow from US$8.5 billion annually in 2014 to US$17.1 billion in 2024.
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