Custom Vendor Landscape
Energy Management Software
Prepared for: [Client Name Redacted]
An Important Note
Understanding a Custom Vendor Landscape
- Info-Tech’s Custom Vendor Landscapes are custom deliverables that are built with a heavy emphasis on the use cases and selection criteria of the requesting client. They are intended to provide an external point-of-view on a smaller or niche software marketspace. They are built over the course of one week based on secondary research by one of our Software Selection Services analysts.
- These deliverables may be sanitized and published for convenient access by our other members; it is important to understand that they are not intended to be general market analysis reports like our SoftwareReviews Data Quadrants or Software Selection Guides.
- This report is bespoke to the client that requested it and is not intended to be an omnibus view of the entire marketspace (these deliverables are limited to ten vendors, and the vendor shortlist is often dictated in full or in part by the requestor).
- Please ensure that you are conducting your own due diligence on vendors within the space; the sanitized version of this report may be a helpful starting point for initial vendor shortlisting; the limitations of its scope and the highly custom nature of the vendor list and analysis contained within does not make it synonymous with the analysis in our omnibus market analysis research (SoftwareReviews Data Quadrants and Software Selection Guides).
Understanding the Selection Initiative
Objective
[Redacted] is looking for best-of-breed energy management software to monitor and manage its energy consumption across its sites, to achieve its ESG objectives.
The incumbent vendor, Schneider Resource Advisor has some functionality and integrates with current Schneider hardware. However, there is a lack of real-time visibility on utility usage, preventing the ability to understand and plan a roadmap to achieve the goals.
The goal of this research is to assist [Redacted] to select the best-suited vendor going forward, enabling efficient energy management at sites, and realistic targets and action plans to achieve its goal.
Vendor Selection Criteria
In evaluating the marketspace for Energy Management Software, Info-Tech’s analysts looked at the following vendor attributes:
- Breadth and depth of capabilities for Energy Management Software
- Vendor footprint (vendor market presence, vendor share of mind, vendor stability and long-term viability)
- Focus on vertical-specific capabilities
- Customization potential and ease-of-use
- Affordability transparency
Selection Rigor Matters.
Enterprise software is a key driver of digital transformation - having a strong approach to vendor selection is essential. Info-Tech’s research shows that 70% of application selections fail because of poorly defined requirements and inadequate vendor validation.
Defining the Energy Management Market
Market Definition
- Energy Management Software is an essential tool in developing meaningful information from energy usage. Software connects with devices monitoring overall energy usage to produce reports and analytics, helping businesses understand the full extent of their energy costs and usage, thus taking actions to improve efficiency.
- Typical features of software in this space include real-time tracking, integration with multiple device types, analytics, historical database and comparisons.
- The primary drivers for these software are helping businesses understand their energy usage and serve as a partner technology in achieving cost and sustainability goals.
- The chosen software must focus on providing a multi-functional and easy to use experience for an established and growing organization.
Key Trends in Energy Management Software
$35.9 Billion — Estimated value of the Energy Management Software market. (2024) (Source: Fortune Business Insights)
15.3% CAGR — The Energy Management Software market will grow by 15.3% annually. (2024-2032) (Source: Fortune Business Insights)
30% — Energy Management Systems help companies reduce energy consumption by 30% on average. (Source: Fortune Business Insights)
Top Level Features for Energy Management Software
Feature Name |
Description |
| Live Usage Tracking | The solution must be able to track energy usage across multiple facilities and sources (electrical, water, gas) accurately and in real-time, while providing reports to users. |
| Analytics | The system must support setting of targets while providing reports comparing actual energy usage. Multiple measurement points must be supported to provide analytics to different areas of the business. Output must be in line with Streamlined Energy & Carbon Reporting standards. |
| Solar Support | Must be able to measure the performance/efficiency of solar energy systems and provide reports against actual usage. |
| Historical Data | Can support historical meter usage data being uploaded to provide reports, comparing current and past usage for improvements. |
| Intuitive Platform | The platform must be easy to use, with clear dashboards and reports, easy communication and role-based management. |
| Hardware Support | Most electrical distribution hardware is currently provided by Schneider. It would be suitable for the system to integrate with current hardware to avoid additional costs. |
| Bill Monitoring | The platform should be able to monitor billing accuracy, comparing usage reports with actual cost. |
Key Players
Info-Tech identified 9 platforms applicable to the use case. The platforms are listed in alphabetical order.
