Navigant Research Report Shows Global Installation of Devices for Bring Your Own Device Programs Is Expected to Reach 5.5 Million in 2027
Three fundamental shifts are encouraging growth of bring your own
device programs globally
A new report from Navigant
Research examines the global bring your own device (BYOD) market and
explores the issues related to BYOD devices, providing market forecasts
segmented by device type and region through 2027.
The global electric power industry is shifting toward the Energy Cloud,
positioning the BYOD market to allow customers to take advantage of a
diverse range of smart, grid-interactive technologies. These solutions
enable customers to manage their energy consumption while maintaining
optimal comfort. Click
to tweet: According to a new report from @NavigantRSRCH,
BYOD devices installed globally are expected to grow from 1.1 million in
2018 to 5.5 million in 2027.
“We see drivers of the emerging BYOD initiatives as largely dependent on
the regulatory landscape and business model contexts where a program
operates,” says Brett Feldman, research director with Navigant Research.
“Additionally, successful utility demand response programs and
distributed energy resources management system platform capabilities are
helping to increase the number of BYOD programs.”
According to the report, three fundamental shifts are taking place as
BYOD programs continue to grow across North America and enter markets
worldwide. These shifts include how devices beyond thermostats are
increasingly communicating with the electric power grid, how broader
BYOD programs are exploring the energy efficiency applications of bring
your own thermostat (BYOT) programs, and how BYOD programs are expanding
to include retail choice electricity suppliers in deregulated markets
and energy service providers.
The report, Bring
Your Own Device DSM Programs for Utilities and Retail Energy Suppliers,
examines the global BYOD market, with a focus on smart thermostats, hot
water heaters and appliances, energy storage, EVs, and EV supply
equipment. The report explores the market issues related to BYOD
devices, including drivers, barriers, and trends, to highlight regional
activities and programs. Global market forecasts, segmented by device
type and region, extend through 2027. The report also analyzes utility
and non-utility BYOD business models and shares case studies of BYOD
programs incorporating various technologies in North America. An
Executive Summary of the report is available for free download on the Navigant
Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides
market research and benchmarking services for rapidly changing and often
highly regulated industries. In the energy sector, Navigant Research
focuses on in-depth analysis and reporting about global clean technology
markets. The team’s research methodology combines supply-side industry
analysis, end-user primary research and demand assessment, and deep
examination of technology trends to provide a comprehensive view of the
Energy Technologies, Utility Transformations, Transportation
Efficiencies, and Buildings Innovations sectors. Additional information
about Navigant Research can be found at www.navigantresearch.com.
About Navigant
Navigant Consulting, Inc. is a specialized, global professional services
firm that helps clients take control of their future. Navigant’s
professionals apply deep industry knowledge, substantive technical
expertise, and an enterprising approach to help clients build, manage
and/or protect their business interests. With a focus on markets and
clients facing transformational change and significant regulatory or
legal pressures, the Firm primarily serves clients in the healthcare,
energy and financial services industries. Across a range of advisory,
consulting, outsourcing, and technology/analytics services, Navigant’s
practitioners bring sharp insight that pinpoints opportunities and
delivers powerful results. More information about Navigant can be found
at navigant.com.
* The information contained in this press release concerning the
report, Bring Your Own Device DSM Programs for Utilities and Retail
Energy Suppliers, is a summary and reflects Navigant Research’s
current expectations based on market data and trend analysis. Market
predictions and expectations are inherently uncertain and actual results
may differ materially from those contained in this press release or the
report. Please refer to the full report for a complete understanding of
the assumptions underlying the report’s conclusions and the
methodologies used to create the report. Neither Navigant Research nor
Navigant undertakes any obligation to update any of the information
contained in this press release or the report.
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