New Report: Utility Data Analytics Market to Hit $3.8 Billion Annually by 2020

New Report: Utility Data Analytics Market to Hit $3.8 Billion Annually by 2020

Grid Operations and Consumer Analytics to Spearhead Market, According to GTM
Research

BROOKLYN, NY, Dec. 13, 2012 (GLOBE NEWSWIRE) -- GTM Research forecasts
cumulative global spending on power utility data analytics to top $20 billion
over the next nine years, with an annual spend of $3.8 billion globally by
2020. GTM's latest report, The Soft Grid 2013-2020: Big Data & Utility
Analytics for Smart Grid, forecasts grid operations analytics will see the
most significant investment, with consumer analytics as the second largest
area. The report forecasts U.S. utilities alone will spend nearly $100 per
home in grid operations and consumer-related analytics over the next nine
years.

FIGURE: Global Utility Analytics Spending, 2012-2020
(http://www.greentechmedia.com/content/images/reports/global-utility-analytics-spending.png)

This 133-page report from GTM Research is the first of its kind to take a
competitive look at power utility data analytics, the smart grid's next big
growth market. With smart meters and distribution sensors beginning to
populate "big data" from every corner of their territories, utilities must
seek out data analytics solutions capable of managing this incoming data and
realizing the promise of the smart grid.

"With the influx of big data, the potential of smart grid has shifted
dramatically from the original aim of adding a myriad of new devices toward a
complete re-invention of the way utilities do business," said Rick Thompson,
President and Co-Founder at GTM Research. "We are now moving into a market
where the spotlight will be on the data analytics software that will allow
utilities to track, visualize and predict everything from grid operations to
electricity consumption. These capabilities are the core elements of what GTM
Research calls, The Soft Grid."

Driving growth of the utility Soft Grid are data technologies, ranging from
open-source data management platforms like Hadoop, to massively parallel
processing (MPP) big data appliances, to predictive analytics now catching
fire in every industry, to the cost improvements and enhanced performance of
underlying data storage and infrastructure layer.

Supporting this technology shift is a rich ecosystem of vendors. While the
biggest names in IT are positioning themselves to be at the head of the class,
it is becoming apparent that there will be several seminal companies that will
be launched in this Soft Grid space, to which utilities will look for new
products and services.

FIGURE: Leading Vendors in Soft Grid
(http://www.greentechmedia.com/content/images/reports/leading-vendors-soft-grid.png)

GTM Research analyzes more than 60 vendors in this report and identifies the
following companies and their technologies as potential market leaders in each
segment of The Soft Grid market:

  *Analytics & Applications: Opower, SAS, Space-Time Insight
  *Data Infrastructure & Storage: Cisco (Nasdaq:CSCO), IBM (NYSE:IBM), VMware
    (NYSE:VMW)
  *Data Management & Movement: Accenture (NYSE:CAN), IBM, SAS, Teradata
    (Nasdaq:TDC)

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For more information on the Soft Grid and GTM Research's latest report, visit
http://www.greentechmedia.com/research/report/the-soft-grid-2013.

The GTM Research logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=12468

CONTACT: Nicholas Rinaldi
         Research Marketing Manager
         +1 347 725 3510
         rinaldi@gtmresearch.com

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