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The Many Faces of IoT—Smart Grids : Smart Grids Foster Interesting Opportunities for ICT Participants to Move Beyond Connectivity
This Market Insight examines the smart grids market in South America. It provides a market share breakdown, an analysis of key market drivers and restraints, and revenue and unit shipment forecasts by region for the smart electricity meter market. It also explores the major trends and impacts for service providers regarding the Internet of Things (IoT) and machine-to-machine (M2M) solutions. This analysis delivers insights from primary research with Siemens, Itron, and PromonLogicalis and provides case studies in the region.
-The Internet of Things (IoT) will encourage productivity gains and cost savings across industries, as well as enable cross-industry, end-to-end solutions. The IoT is acting as a catalyst in transforming ICT convergence into a multi-industry convergence between ICT, healthcare, energy and infrastructure, automotive, and building control participants.
-Telecoms operators can protect their share of machine-to-machine (M2M) revenues by moving along the value chain, beyond pure connectivity and towards the development of applications in new verticals. As they tend to have fairly little experience in this market segment, operators should rely more on acquisitions.
-Furthermore, the technical complexity of developing M2M solutions in verticals such as utilities is expected to force more partnerships among service providers.
-Smart grid implementation has been taking place in South America, mainly driven by energy inefficiencies and illegal connections in the region, as well as the high energy demand per capita and a huge potential for distributed generation. However, the costs of certain parts of the grid infrastructure are still quite high for a private company to completely absorb the costs. Yet, partnerships between companies or subsidies from the government facilitate the implementation of smart grids in the region.
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