The smart solar market size is estimated to grow at a CAGR of +15% According to new Research Commercial and Industrial application to dominate during the forecast period Increasing adoption of green energy and regulatory compliances are expected to drive the smart solar market . Strict regulatory mandates across North America, Europe, and APAC and increased technological spending in developing countries such as China, India, and Mexico are also driving the growth of the market. The market size for smart solar segment has considerably grown over the past few years on the account of evolving solar industry and the emergence of technologies such as MDM, SCADA, and remote metering have further augmented the opportunity areas for this market.
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Asset management is expected to dominate the solution segment in the smart solar market during the forecast period. This growth is driven due to technological advancement and strict regulatory mandates across North America and Europe.
Meter Data Management (MDM) is expected to witness the highest growth due to the growing roll-outs of smart meters and smart grids. Technological innovation has led to additional functionality of MDM to support more business processes across the utility value chain such as customer billing, credit management, and meter asset management, which is also responsible for the growth of MDM solution.
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This report segments the smart solar market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the sub-segments across different verticals and regions.
The report helps the stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
This report will help the stakeholders to better understand the competitors and gain more insights to better their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers & acquisitions.
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The report presents a thorough analytical overview of the past and present state of the market and, with the help of present data, trends, competition, and regulatory framework gives a forward-looking perspective of the way the market will develop over the course of the next few years. Along with qualitative and qualitative details pertaining to the market’s key elements, an overview of the chief macro and micro economic factors that will enable companies to the market to surmount competition are also examined in great details.
The global smart market is gaining pace and industry have started understanding the benefits of analytics in the present day highly dynamic environment. The market has witnessed several important developments over the past few years, with mounting volumes of data and the shift from traditional analysis platforms to self-service analytics being some of the most prominent ones.
Vendors, stakeholders, consumers, dealers. in the global smart market are increasingly introducing a solution that allows this market to work with data collected from a number of diverse sources.
The confidence, reliability of data-driven decisions undertaken by solutions in real-time, self-service analytics solutions which will gain more prominence in the global market in the next coming years has been mentioned in this study.
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