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Power Management Software Market Surges ahead as Energy Efficiency Becomes the Buzzword across Industries, Finds Frost & Sullivan

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Power Management Software Market Surges ahead as Energy Efficiency Becomes the Buzzword across Industries, Finds Frost & Sullivan PR Newswire SINGAPORE, June 25, 2012 - Advent of Cutting-edge Technologies Necessitates More Efficient Power Management SINGAPORE, June 25, 2012 /PRNewswire/ -- It is noted that current market situation does not give a true reflection of the ample opportunities in power management software market. Once the IT and ICT industries recover fully from the economic downturn, energy-efficient and smart technologies are likely be in high demand in the new economic environment. The introduction of cloud computing and smart grids has boosted the demand for power management software, as energy monitoring, modeling, and management is necessary to ensure energy optimization. The convergence of such software is expected to aid the evolution of smart cloud (computing), smart cities, and smart network intelligence to meet energy efficiency requirements and address environmental issues. New analysis from Frost & Sullivan (http://www.powersupplies.frost.com), Strategic Assessment of the World Power Management Software Market, finds that the market earned revenues of $569.3 million in 2010 and estimates this to reach $1.57 billion in 2017, as power management software is expected to converge with next-generation technologies such as cloud computing and smart clouds.
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Power Management Software Market Surges
ahead as Energy Efficiency Becomes the
Buzzword across Industries, Finds Frost &
Sullivan
PR Newswire
SINGAPORE, June 25, 2012
- Advent of Cutting-edge Technologies Necessitates More Efficient
Power Management
SINGAPORE
,
June 25, 2012
/PRNewswire/ -- It is noted that current market
situation does not give a true reflection of the ample opportunities in power
management software market. Once the IT and ICT industries recover fully
from the economic downturn, energy-efficient and smart technologies are
likely be in high demand in the new economic environment. The introduction of
cloud computing and smart grids has boosted the demand for power
management software, as energy monitoring, modeling, and management is
necessary to ensure energy optimization. The convergence of such software is
expected to aid the evolution of smart cloud (computing), smart cities, and
smart network intelligence to meet energy efficiency requirements and address
environmental issues.
New analysis from Frost & Sullivan (http://www.powersupplies.frost.com),
Strategic Assessment of the World Power Management Software
Market
, finds that the market earned revenues of
$569.3 million
in 2010 and
estimates this to reach
$1.57 billion
in 2017, as power management software is
expected to converge with next-generation technologies such as cloud
computing and smart clouds.
"The global emphasis on green approaches and environmental standards are
driving market participants and end users to seek solutions to reduce energy
usage and thereby, lower electricity expenses, increase energy efficiency, and
reduce the total cost of ownership as well as carbon emission," says Frost &
Sullivan Industry Analyst Teoh Chew Yew. "Power monitoring, managing, and
modeling software caters to all the aforementioned capabilities, as they enable
design, planning, and power data analysis."
Power management software provides data center operators with alerts and
fault reports about power equipment, and collects power consumption data. It
also offers clarity on power utilization and manages the energy usage of IT and
facility resources for efficient data center operations.
Power management software reduces and controls energy costs with real-time
power usage monitoring and granular power usage breakdown. It accurately
determines the data center's current capacity and forecasts future capacity.
These product benefits will go a long way in easing end users' recession-
induced reluctance to adopt power management software.
Market sales will also be affected by the fragmented nature of the market and
changes in energy regulations. Moreover, most end users and technical
authorities have limited knowledge about power management solutions'
features and applications. Consequently, end users prefer software updates to