Verdantix announces energy management software standouts

Tools

Energy management software is becoming more and more important for utilities in terms of bill management, energy monitoring and targeting, energy reporting and certification, etc. So utilities listen up -- Verdantix, an independent analyst firm, has released its picks for the leading energy management software providers in the world.

The research compared 14 enterprise-class energy management software applications based on live product demonstrations, an assessment of suppliers on 134 criteria, and interviews with an independent panel of 15 customers representing firms in 13 industries. Five suppliers emerged as leaders: CA Technologies, CarbonSystems, IBM, Schneider Electric and Verisae.

These five companies have established themselves as the market-leading providers due to the breadth of their energy management functionality, proven integration with a wide range of meters and controls, utility bill management, deep energy and industry domain credentials, established enterprise-scale customer bases, and partnerships with systems integrators and consultants, according to Verdantix.

"The global energy management software market is poised for growth in 2013," said Alisdair McDougall, Verdantix analyst and author of the report. "Two-thirds of the customer panel expect their annual spend on energy management software to increase during the next three years as they implement new solutions, expand existing deployments and increase the breadth of functionality in use. Successful software suppliers will develop functionality that maps to the specific requirements of energy domains…Product strategies offering a standard set of functionality for all industries have universally failed and have resulted in some suppliers exiting the market."

Verdantix analysis reveals that the U.S. market for carbon and energy management software will grow to $558 million by 2014.

For more:
- see this release

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