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IoT and analytics market for utilities expected to grow to $5.1bn in 2028

July 06, 2018 / Ryan Daws

Navigant Research has released a report indicating the IoT and analytics market for utilities should grow to over five billion dollars by 2028. Many of the tools used for utilities are outdated and in need of replacement. The IoT offers a ripe opportunity to fix problems, improve efficiency, and generate significant revenue. Neil Strother, Principal Research Analyst with Navigant Research, says: “Many of the tools are outdated, sit in silos, and were never designed for the complexities of today’s smart grid.