Utilities in many parts of the world, and especially in the United States, are experiencing radical operational change as they deploy smart grid upgrades. To meet this challenge, many utilities are already seeking consulting and implementation services from vendors to assist with smart grid deployments. And even after the infrastructure is in place, utilities will face a new set of challenges associated with ongoing smart grid operations, presenting an expanded opportunity for managed service providers. According to a new report from Pike Research, the smart grid managed services market is accelerating rapidly, and the cleantech market intelligence firm forecasts that the sector will experience year-over-year growth of 75% between 2010 and 2011, rising from $470 million to $821 million during that period. The firm anticipates that smart grid managed services will reach $4.3 billion in global revenue by 2015. MORE INFO
