Digital Utility Industry 2021-2027
New Study Reports " Digital Utility Industry 2021, Global Market Segmentation, Demand, Growth, Trend, Opportunity Forecasts 2027" has been Added on MarketResearchFuture.
The report published on the “Digital Utility Industry” is a comprehensive analysis that includes the key parameters and indicators critical in understanding the market. The data from the years 2021 to 2027 has been used to present the market status and size. The study also covers the overall market valuation along with the CAGR for the forecast period. The introductory chapter presents an overview of the Digital Utility Industry along with the product definition and market scope. The report also analyzes consumer trends regarding the products along with the industry development trends.
The Digital Utility Industry growth in the current scenario as well as in the coming years and the factors affecting it has been discussed in detail. The interplay of demand and supply forces in this market along with the external factors have been studied. The effect on the market in terms of growth has been studied to aid the market forecast. The pricing policies used in various regions of the Digital Utility Industry and the effect they have on the consumption behavior have been studied.
This report also analyses the impact of Coronavirus COVID-19 on the Digital Utility industry.
The Global Digital Utility Industry is growing rapidly over ~12% of CAGR and is expected to reach at USD ~ 253 Billion by the end of forecast period.
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 Multimanager software which can manage Utility Documentation and Asset Management needs via virtual and interactive web-based tools.
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 are 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.
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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.
Global Digital Utility Industry 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 includes residential, commercial, retail and others. The region includes North America, Europe, Asia Pacific and rest of the world.
Market Research Analysis:
On geographic basis, global Digital Utility Industry 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 Digital Utility Industry 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 utilities transformation.
Digital Utility Industry Manufacturers
Digital Utility Industry Distributors/Traders/Wholesalers
Digital Utility Industry Subcomponent Manufacturers
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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 Industry, By Component
6 Global Digital Utility Industry, by Technology
7 Global Digital Utility Industry, by Application
8 Global Digital Utility Industry, By Industry
9 Global Digital Utility Industry, By Region
10 Competitive Landscape
Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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