Share: ResearchAndMarkets.com's offering. The smart grid software market is evaluated at US$6.030 billion for the year 2019 and is projected to grow at a CAGR of 21.21% to reach a market size of US$23.180 billion by the year 2026. A smart grid is a self-sufficient electricity supply network that uses digital communications technology for monitoring, control, and analysis within the supply chain and can act remotely on network incidents, improving the supply and relationship with the environment by providing reliable and efficient power supply through various smart grid applications and technologies. Smart grid software is an important part of the smart grid infrastructure that helps simplify the implementation and functionality of the smart grid and improve process efficiency and reduce energy production costs. The digital transformation trend in the energy sector is leading to the use of more and more smart grid software which is anticipated to propel the market growth even further in the coming years. Moreover, the governments of various countries are providing support to the technology including smart grid software which is further expected to supplement the market growth during the forecast period.