Smart Grid News - New IDC Energy Insights Study Reveals ICT Spending on Intelligent Grid to Reach $17.5 Billion by 2013

Smart Grid News - New IDC Energy Insights Study Reveals ICT Spending on Intelligent Grid to Reach $17.5 Billion by 2013

Research Provides In Depth Understanding of the Intelligent Grid Opportunity in North America

FRAMINGHAM, Mass.---IDC Energy Insights today announced the availability of a new in-depth and focused study that assesses and forecasts the intelligent grid opportunity for North American electric utilities. Findings from the study, North American Intelligent Grid Utility Spending Forecast (Document # EI220896, December 2009), reveal that information and communications technologies (ICT) spending on intelligent grid technology will increase at a compound annual growth rate (CAGR) of 15.1% to reach $17.5 billion by 2013.

"The intelligent grid is a rapidly growing area, yet little hard data has been available in the past to provide market players with a validated assessment of the market’s status and direction – particularly in terms of spending," said Marcus Torchia, research manager, IDC Energy Insights, Intelligent Grid Strategies. "To understand the magnitude and timing of ICT investments, we surveyed more than 80 utilities in U.S. and Canada to help our industry clients in their strategic planning. The result is a comprehensive forecast of spending and adoption of key smart grid ICT technologies across multiple utility segments."

Key findings of this ground-breaking research include the following:

•The investor-owned utility segment leads in spending on intelligent grid technology investments through the forecast period; •Intelligent metering/AMI projects act as a springboard for business process transformation and further technology investment; •There is an increase in pilot project activity accompanied with expectations for longer trial periods which provide ample opportunity for vendor learning as utility investment focus shifts in forecast period. The IDC Energy Insights report takes into account the impact of ARRA 2009 on intelligent grid grants and offers IT vendors, private equity and institutional investors, and utilities executives with timely forecasts on the size and growth in spending for hardware, software and services for the intelligent grid in the electric utilities industry. It examines spending plans and budgets, barriers to adoption, and select technology preferences. Business benefits of the research include market planning, product development, and effective go-to-market planning initiatives.

For additional information about this study, or to arrange a one-on-one briefing with an IDC Energy Insights analyst, please contact Sarah Murray at 781-794-3214 781-794-3214 or sarahbethmurray@gmail.com. Reports are available to qualified members of the media. For information on purchasing reports, contact insights@idc.com; reporters should email sarahbethmurray@gmail.com.

About IDC Energy Insights

IDC Energy Insights provides research-based advisory and consulting services focused on market and technology developments in the energy and utility industries. Staffed by senior analysts with decades of industry experience, IDC Energy Insights covers both the utility and oil & gas segments, providing independent, timely, and relevant analysis focused on key business and technology issues. IDC Energy Insights serves a diverse and growing global client base, including electric, gas and water utilities, IT suppliers, independent power producers, retail energy providers, oil and gas companies, equipment manufacturers, government agencies, financial institutions, and professional services firms. IDC is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world’s leading technology, media, research, and events company. For more information, please visit www.idc-ei.com or email info@idc-ei.com.







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