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US Power Utility IT Services: Market Forecast 2015-2020

Date: 30 June 2015

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11 pages

EXECUTIVE SUMMARY

With the US electric power sector undergoing a period of significant change, IT systems have a critical role to play in the utilities’ response to manage new generation assets, extend asset life times, optimize grid management, drive automation across the organization and engage customers. Verdantix forecasts that US electric power utility spending on IT services for the management of energy generation assets, grid operations and customer services will grow from $952 million in 2015 to $1,051 million in 2020. During the forecast period there will shifting of budgets as smart meter deployments wind down, there is greater integration of IT and operational technologies and the impact of decentralized generation takes off. This market forecast report helps IT services firms, partners and buyers to forecast revenue streams, define sales and marketing strategies, and budget accordingly.

TABLE OF CONTENTS

US POWER UTILITY IT SERVICES: MARKET FORECAST 2015-2020
Forecasting The Power Utility IT Services Market
Power Utility IT Services Market Will Total $952 Million In 2015
The Market Will Be Shaped By IT Systems Integrating With Operational Technology
Power Utility IT Services Market Will Reach $1.1 Billion By 2020

TABLE OF FIGURES

Figure 1. Power Utility IT Services Definitions
Figure 2. US Power Utility IT Services Market 2015-2020 ($m)
Figure 3. Utility Spend On IT Services In 2015 ($m)
Figure 4. 2015-2020 CAGRs For Power Utility IT Services Spend
Figure 5. 2015-2020 CAGRs For Power Utility IT Services Spend By Category

COMPANIES MENTIONED

ABB, Accenture, Alliant Energy, Alstom, BGE, C3 Energy, Capgemini, CentrePoint Energy, CGI, City of Palo Alto, ComEd, DTE, EnerNOC, FirstFuel, Glendale Water & Power, IBM, North American Electric Reliability Corporation, NV Energy, OMNETRIC Group, Oncor, Opower, PG&E, PPL Electric Utilities, PSE, Schneider Electric, Siemens, US EIA, Ventyx, Verisae, ViryaNet, Wipro