Functional Flours Market Global Smart Grid Analytics Market, 2016–2024: I | Page 3

Smart Grid Analytics Market
analytics plays a vital role in the elevation of the global market. Additionally, growing
awareness among consumers about the advantages of smart grid analytics is one of the
main reasons powering the growth of the global smart grid analytics market. Further, low
cost for maintenance is also driving the global smart grid analytics market growth. In
addition to this, rising usage of smart meters worldwide is also powering the growth of the
global market.
On the contrary, high costs of smart grid systems are hampering the growth of global smart
grid analytics market. Moreover, lack of awareness and interoperability plays a vital role in
the decrement of the global market. Additionally, lack of enthusiasm in utility providers to
modify the existing infrastructure is one of the main reasons hindering the growth of the
global smart grid analytics market.
Global Smart Grid Analytics Market: Segmentation
On the basis solution type, the global smart grid analytics market is mainly classified as
demand response analytics, AMI analytics, analytics for grid optimization, asset analytics,
load forecasting, energy data forecasting, visualization tools, and others.
Based on service type, the global market is bifurcated into professional services and support
and maintenance services.
On the basis of deployment model, the global market for smart grid analytics is divided into
on premises and on demand (cloud based).
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