The global carbon and energy management software market analyst says one trend in market is emergence of analytics in carbon and energy management software. The sudden increase in energy costs is compelling enterprises to prefer smarter ways to manage the energy consumption. Energy suppliers have imposed huge penalties on enterprises that are using inefficient devices having low power factor. —
Complete report on carbon and energy management software market spread across 70 pages, analyzing 4 major companies and providing 22 data exhibits are now available at http://www.reportsnreports.com/reports/929143-global-carbon-and-energy-management-software-market-2017-2021.html
The government is raising the bar for complying with energy standards and reducing carbon footprints. Big data and analytics technology is helping organizations operating in the energy sector to reduce operational expenditure through predictive modeling techniques. Real-time data analytics is helping organizations in the energy sector to adhere to the regulatory requirements. Real-time information has become an important component to run a business successfully.
The following companies are the key players in the global carbon and energy management software market: CA Technologies, IBM, SAP, and Schneider Electric. Other prominent vendors in the market are: ACCUVIO, AssetWorks, Ecova, Carbon Clear, Enablon, Enviance, MetricStream, SourceOne, and Verisae. Order a copy of Global Carbon and Energy Management Software Market 2017-2021 report @ http://www.reportsnreports.com/purchase.aspx?name=929143
According to the carbon and energy management software market report, one driver in market is digital transformation and automation of energy sector. Digitization of the energy sector in the developed nations, such as the US and Singapore, has created a high demand for IT solutions. Digital transformation in the energy sector is a key enabler of IT spending. Modernization of the energy sector has increased the procurement of advanced IT solutions, such as energy analytics and Internet of Things (IoT), to reduce the energy consumption.
Automation in the energy sector has also attracted investments in IT solutions. Fully automated IT systems in organizations operating in the energy sector have attracted significant spending on IT solutions. Industrial automation solutions, such as supervisory control and data acquisition, programmable logic controller, remain the top selection of enterprises in 2016. Clean energy initiatives in numerous countries have also helped the market to attract significant IT spending. With a rise in the number of connected devices in the energy sector, it has become more difficult to manage, monitor, and maintain data in organizations.
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Further, the carbon and energy management software market report states that one challenge in market is system integration and interoperability issues. The adoption of advanced technology in many industry verticals including energy, industrial manufacturing, and public sector firms is increasing significantly, which creates issues of system integration and interoperability. The vendor should provide unified IT solutions that can be seamlessly integrated with the existing IT infrastructure of organizations. Technical glitches during the operations can incur huge costs to organizations and reduce operational efficiencies. System integration and interoperability issues arise mostly when organizations update their IT systems or merge their IT infrastructure with acquired companies.
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