The Global Smart Grid Managed Services market will grow at a CAGR of 51.29 percent over the period 2012-2016, forecasts TechNavio’s research analysis.
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The emergence of innovative smart grid is one of the key factors contributing to this market growth.
Besides, the market has also been witnessing an increasing support for the Smart Grid industry from numerous governments.
A challenge posed to the growth of this market is the commercial attitude of various power utilities.
The key vendors dominating this market are Accenture, Capgemini, GE Energy, IBM, Lockheed Martin, and Siemens.
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The other vendors mentioned in this report are AT&T, Infosys, Tendril Networks, Alcatel-Lucent USA, EnerNOC, Ericsson, FirstCarbon Solutions, HCL Technologies, Itron, Trilliant Energy Services, Verizon Communications, and Wipro.
Sabeena Wahid