Industrial Energy Management Software

The Industrial Energy Management Software market research delivers current market analysis plus a five year market and technology forecast.

Sustainability Goals Boost Demand for Industrial Energy Management Software

ARC Advisory Group research on the market for industrial energy management software and services reveals that sustainability remains the primary impetus for growth. Most major manufacturers are in the midst of a major sustainability initiative right now. Energy efficiency is usually a core aspect of any sustainability. A significant amount of energy is lost in today’s industrial processes, and the opportunities for savings and increased efficiency are numerous. Many industrial processes will see a 20-30 percent reduction in energy consumption through the implementation of energy efficiency initiatives, and energy management software is the primary enabler.

Industrial Energy Management Software Strategic Issues

In addition to providing a five-year market forecast, the Industrial Energy Management Software market research provides detailed quantitative current market data and addresses key strategic issues as follows.

Consider Cybersecurity in Every Project

Cybersecurity requirements need to be specified. Integrate EMS into other automation or software systems that is consistent with IT support capability and cybersecurity standards. Internet of Things (IoT) devices of all kinds are becoming a part of the aggregated data collected from buildings, assets, and equipment. Many IoT devices are not designed with security in mind, and there is potential that such devices can be an entry point for accessing control and business networks.

New SaaS Subscription Services

Suppliers are adding new SaaS services that enable users to keep the software up to date and pay for usage from operating expense budgets. Even for their on-premise applications, some end users are switching to subscription services to reduce their costs. Most suppliers want to expand their cloud services by connecting more remote assets, linking more disparate sites, connecting data sources, devices, and data storage. While there are still some technology and business challenges (latency, bandwidth, IP, etc.), ARC believes that the use of subscription services will increase more during the forecast period as users become more accustomed to using them. However, there will still be users that do not feel comfortable moving to the cloud because of process or business challenges.

Look for Simplified User Experience

Intuitive simplified and flexible software is more important than ever. User experience and ease-of-use are more important than ever. The software must be easy to deploy, integrate, use, and be intuitive and collaborative. The technology must be flexible, and interoperable to get connected to other existing IT systems easily. The software should be scalable and adapt quickly to new innovative technologies and applications as they emerge. Also, specialized easy to design dashboards and adaptable to mobile for better visualization can provide good insights on energy data.