Green Quadrant Energy Management Software 2011, says that the four market leaders offer strong energy management functionality, proven integration with a wide range of meters and controls, deep expertise in one or two energy domains, an “impressive” customer base and meaningful implementation partnerships with firms such as CSC, Deloitte and Wipro.
Fast-moving new entrants to the enterprise-scale, energy management software market include C3, Hara, Infor, JouleX and SAP. These software suppliers, many of whom entered this market in the last 3 years, have strong product roadmaps and innovation strategies which bode well for their futures, Verdantix says.
Verdantix forecasts the U.S. market for energy software will be worth $558 million in 2014 and will reach a 51 percent compound annual growth rate over the five years from 2010 to 2014.
Despite the success of the industry, the purchasing of energy management software is still proving to be a headache for companies, evidence suggests. Firms are buying up to eight different applications to meet 12 different usage scenarios, according to research from Verdantix out last September.
Correction: Verdantix has corrected an error in its press release, on which this story was based. The correct projection for the size of the U.S. market in 2014 is $558 million, not $660 million, Verdantix says.