The ICT sector constitutes 4.8% of the European economy.
ICT refers to the communication technologies including the internet, wireless networks, social networking, cell phones, video-conferencing, computers, software, and other media applications and services enabling users to access, retrieve, and manipulate information in a digital form.Market Synopsis of Smart Grid Networking MarketMarket ScenarioThe smart grid networking market isn’t just growing, it is accelerating.
Also, increasing need for better energy management is another major factor responsible for driving the growth of smart grid networking market.Download Sample of This Strategic Report- https://www.kennethresearch.com/sample-request-10154411ABB Group, Cisco Systems, Inc., Mitsubishi Electric, Fujitsu, General Electric Company, Huawei Technologies Co. Ltd., Itron, and Schneider Electric are a few major players in the global smart grid networking market.
Increasing traction of smart grid as a service applications is one major factor responsible for fueling the growth of global smart grid networking market.The software segment in the smart grid networking market comprises of network performance monitoring management, IP address management, network traffic management, network device management, network configuration management, network security management, and others.
Also, the growing trend of adopting smart and enery efficienct management systems is one major factor driving the growth of smart grid networking market.North America region holds the largest share of the market across the globe followed by Europe, and Asia Pacific region.
Additionally, the growing adoption of smart grid deployment is another major factor driving the growth of smart grid networking market in the region.The global smart grid networking market is expected to grow at a CAGR of approximately 10% during the forecast period 2017-2023.Download Sample of This Strategic Report- https://www.kennethresearch.com/sample-request-10154411Key PlayersSome of the prominent players in the global smart grid networking market are ABB Group (Switzerland), Cisco Systems, Inc. (U.S.), Mitsubishi Electric (Japan), Fujitsu (Japan), General Electric Company (U.S.), Huawei Technologies Co. Ltd. (China), Itron (U.S.), Schneider Electric SE (France), Siemens AG (Germany) and Trilliant Holdings, Inc. (U.S.) among others.SegmentsThe global smart grid networking market is segmented by hardware, software and service.