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

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• Publié par: frost-sullivan
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• Langue: English

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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