The most interesting regarding the global Internet of Things (IoT) in utility market

Very interesting as Utilities are shifting their focus towards using cutting-edge technology, increasing productivity, and optimizing the cash flow to improve its business process. They are moving towards updating current grid technologies while integrating it with networking and computational capabilities, in order to connect and automate seamless energy distribution and transmission.

One can also observe that, the government initiatives for smart grid rollout, drives the IoT in utilities market.

According to Research and Markets, the global IoT in utility market is estimated to grow from USD 4.63 billion in 2015 to USD 11.73 billion by 2020, at a CAGR of 20.4% during the forecast period.