Itron Inc. Recent Developments
In June 2018, Itron launched its Hands-free BYOT™ solution to enable public power utilities to implement Bring-Your-Own-Thermostat (BYOT) demand response programs at a lower cost and with minimal impact on operations. In the BYOT model, customers who have purchased a Wi-Fi smart thermostat are recruited to participate in demand response programs. This is in contrast to the direct install model for demand response, where a utility-owned device would be installed in the customer home.
Itron Inc. M&A Activities
In January 2018, Itron completed the acquisition of Silver Spring Networks, the provider of Internet of Important Things, connectivity platforms and solutions to utilities and cities. The acquisition continued its focus on expanding management services and software-as-a-service solutions, which allow them to provide more value to their customers by optimizing devices, network technologies, outcomes, and analytics. This entity will operate and be managed as a separate operating segment.
Itron Inc. Overview
Ownership: - NASDAQ: ITRI
Employees: 6500
Functional Market: ERP Services and Operations Management,
Key Verticals: Oil, Gas and Chemicals, Utilities,
Itron Inc. Key Enterprise & Cloud Applications
Itron Analytics,
SCORES Analysis
Itron Inc. Strengths
Itron mainains a big presence in the smart grid infrastructure market for global utility industry. Its broad product portfolio includes electricity, gas, water and thermal energy measurement devices and control technology; communications systems; software; as well as managed and consulting services. Comprised of three main service models—Managed Services, Onsite Managed Services, and Software as a Service (SaaS)—Itron Cloud Services frees customers' to focus on core business operations. In May 2015, Itron has launched the Itron Riva Developers Community, inviting developers to create applications for its Itron Riva platform. Itron Riva is the first-of-its-kind distributed intelligence platform that supports sensing technologies and dynamic applications at the device level. With the developers community, Itron is accelerating app software development for the Itron Riva platform, further enabling an ecosystem of Internet of Things (IoT) applications. In February 2016, Itronhas launched its new OpenWay Riva communications platform, which delivers true interoperability and distributed intelligence over the Cisco network. The platform drives new applications and decision-making to the edge to take action in near real time, enabling the active grid for utilities and smart cities. In May 2016, Itron released Itron Total Outcomes to solve utilities’ and cities’ business challenges by delivering real value-added analytic outcomes. The cloud-based offerings have been enhanced with new features and functionality that help utilities make the most of their smart grid and smart metering data. The platform, which now features a unified interface for electricity, gas and water, can be accessed anywhere by utility staff or managed by Itron’s team of experts. Recently, Itron announced plans to expand its Bengaluru software Center of Excellence by doubling its workforce over the next two years.
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- Key differentiators
- Domain Expertise
- Product portfolio
- Solution scope
Itron Inc. Revenues, $M:
| Type/Year | 2016 | 2017 | YoY Growth, % |
|---|---|---|---|
| Total Revenues, $M | Subscribe | Subscribe | Subscribe |
| Enterprise Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
| Cloud Applications Revenues, $M | Subscribe | Subscribe | Subscribe |
* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.
Itron Inc. Revenue Breakdown By Type, $M:
| Type | License | Services | Hardware | Support & Maintenance | SaaS |
|---|---|---|---|---|---|
| % of Total Revenues | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe | Subscribe | Subscribe |
Itron Inc. Enterprise Applications Revenues By Functional Markets, $M:
Itron Inc. Enterprise Applications Revenues By Verticals, $M:
Itron Inc. Revenues By Region, $M
| Region | % of Total Revenues | 2017 Total Revenues, $M | 2017 Enterprise Applications Revenues, $M | 2017 Cloud Applications Revenues, $M |
|---|---|---|---|---|
| Americas | Subscribe | Subscribe | Subscribe | Subscribe |
| EMEA | Subscribe | Subscribe | Subscribe | Subscribe |
| APAC | Subscribe | Subscribe | Subscribe | Subscribe |
| Total | Subscribe | Subscribe | Subscribe | Subscribe |
Itron Inc. Direct vs Indirect sales
| Region | Direct Sales | Indirect Sales | Total |
|---|---|---|---|
| Type % | Subscribe | Subscribe | Subscribe |
| Revenues, $M | Subscribe | Subscribe | Subscribe |
Itron Inc. Customers
No. of Customers: Subscribe
No. of Enterprise Applications Customers: Subscribe
No. of Cloud Customers: Subscribe
No. of Cloud Subscribers: Subscribe
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- Reference wins across regions
- Customer Size segments
- Customer wins momentum
Itron Inc. Opportunities
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- Market Opportunities at the vertical and subvertical levels
- Mergers and Acquisitions (M&A), Funding
- Geo Expansions
Itron Inc. Risks
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- Ability to handle internal and external risk and challenges
Itron Inc. Ecosystem
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- Health of ecosystem
- Network Effects of BPO, ISV, SI
- VAR Partners
- Direct vs Indirect sales
Itron Inc. Cloud Infrastructure Insights
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- Cloud Infrastructure (IaaS)
- Cloud Platform (PaaS)
- Cloud Application delivery (SaaS)
- Data Center (Hosting)
Research Methodology
Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.
Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).
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