- Published: 11 April 2017 11 April 2017
Digitalisation and Internet of Things (IoT) technology adoption in the renewable energy (RE) sector is still in its infancy. This immaturity of digital services platforms in RE leaves a major opportunity for revenue growth. The emergence of the RE digital services ecosystem creates a definitive need and opportunity for data-as-a-service (DaaS) and analytics-as-a-service (AaaS), both of which are likely to be a significant revenue driver as part of the overall RE digital services sector. The market for digital services in RE is likely to grow to US$ 89.4 billion by 2030 with annual revenue of US$ 5,3 billion in that time-frame.
By Philip Totaro, Founder & CEO, Totaro & Associates