Digital Utility Market 2021-2027
New Study Reports " Global Digital Utility Market 2021, Analysis, Growth, Size, Share, Trends Forecasts to 2027" has been Added on MarketResearchFuture.
Report Overview
Starting with the overview of the Digital Utility Market, it presents an overall analysis of the latest trends that are prevalent in the industry. The report begins with the description of the market surroundings and the analysis of the size and forecast of product or service based on regions and applications. In addition to it, the report also introduces the market competitive landscape among the vendors and manufacturers that contribute to the growth of the product or service. The company profiling and market price analysis in relation to the value chain features is also covered in the report. The data experts have examined and scrutinized the industry trends in the key regions. 2021 has been considered as the base year, with the forecast period extending to 2027.
The Global Digital Utility Market is growing rapidly over ~12% of CAGR and is expected to reach at USD ~ 253 billion by the end of forecast period.
The study reveals that digital utility is trending in North America region. The digital utility demand is growing very rapidly as it is providing platform solution for implementing energy efficiency, optimizing business process management and real time analytics that enhances the field services through integration of all IT services and others. The adoption of advanced digital technology in utility are widely used in U.S. The technology includes big data analytics, digital marketing, Internet of Things (IoT), artificial intelligence (AI), and others. This adoption has enabled digital transformation for numerous utilities.
In North America region, the socioeconomic pressures and technology innovations are driving the market of digital utilities. The digital utilities transformation is providing services such as digital utilities maturity assessment, customer & communities experience transformation, digital asset management, digital utilities enterprise architecture and others. In 2016, the U.S. government has launched the Smart Grid Investment Grant program for smart grid development.
The most utilities are mainly investing in digital assets management. These digital assets can optimize asset planning, asset information management, asset condition monitoring, program performance management, investment functions and others. For instance, Sigma R Squared, Inc. is offering Utility Manager software which can manage Utility Documentation and Asset Management needs via virtual and interactive web-based tools.
Key Players
The report has profiled some of the Important players prevalent in the global like – Accenture PLC (Ireland), Capgemini SA (France), International Business Machine Corporation (U.S.), Microsoft Corporation (U.S.), Cognizant Technology Solutions Corporation (U.S.), Cisco Systems Inc. (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), Siemens AG (Germany), General Electric Company (U.S.), and ABB Ltd. (Switzerland) and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth, and future perspectives in the Digital Utility.
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Global Digital Utility Market Segmentation
The global digital utilities are bifurcated into component, deployment type, end-users, and region.
The component includes hardware, software, services and other.
The deployment type includes on premises, cloud, hybrid and others.
The end-users include residential, commercial, retail and others.
The region includes North America, Europe, Asia Pacific and rest of the world.
On geographic basis, global Digital Utility Market is studied in different regions as Americas, Europe, Asia-Pacific, and Rest of world. It has been observed that North America region is leading with largest market share growth in the Global Digital Utility Market due to the major companies such as Oracle Corporation, Cisco System Inc., Microsoft Corporation and others, are investing in the digital utility transformation. In this market, Europe is to be estimated to be the second largest market share for digital utility during the forecast period. As companies like SAP SE (Germany), Siemens AG (Germany) are focusing on the digital utility’s transformation.
Key Stakeholders
Global Digital Utility Market Manufacturers
Global Digital Utility Market Distributors/Traders/Wholesalers
Global Digital Utility Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Complete Report Details@ https://www.marketresearchfuture.com/reports/digital-utility-market-4140
Major Key Points from Table of Content:
1 Executive Summary
2 Market Introduction
2.1 Definition 15
2.2 Scope of The Study 15
2.3 Market Structure 15
2.4 List of Assumptions 16
3 Research Methodology
4 Market Dynamics
5 Global Digital Utility Market, By Component
6 Global Digital Utility Market, by Technology
7 Global Digital Utility Market, by Application
8 Global Digital Utility Market, By Industry
9 Global Digital Utility Market, By Region
10 Competitive Landscape
And more
Continued...
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