Digital Utility Market shall reach a value of $2x61.4 Million in 2027, growing with a CAGR of 12.13% during the forecast period of 2020 to 2027.
Market Definition / Research Scope
For the purpose of this research report, Digital Utility is defined as the use of utilities across the world to improve efficiency and optimize production. Digital Utility is used to find new ways to administer to enterprise across various areas and functions. The advantagesof digital utility include enhanced customer experience, security, more scalability, opens the way for new energy products and services. It also allows to obtain meaningful connections and links from the various dimensions of data. Many utilities also offer explications for networked energy management that incorporate remote control of buildings. The Digital Utility can also statistics from smart meters to understand applications in newer business areas.
Digital Utility Market Growth and Trends
Digital Utility Market Regional Analysis
Increasing digitization in industries and proliferating technical developments are anticipated to gauge up the digital utility market worldwide. In terms of geography, North America is expected to expand at a substantial growth rate owing to the up-gradation of former infrastructure and rising demand for electricity.
The Asia Pacific region too prevails ahead being a profitable digital utility market space due to improvement in network connection and rapid technological advancement, while Europe is anticipated to register a significant growth owing to the high adoption percentage of digital services and emerging retail segment in the region.
Also, the Middle East and Africa are measured to witness promulgating growth due to the increasing usage of cloud based applications in the region.
Digital Utility Market Share and Competition
Key companies operating in this industry are: ABB Ltd., Accenture PLC, Capgemini SA, Cisco Systems Inc., Eaton Corporation PLC, General Electric Company, International Business Machine Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Schneider Electric SE and Siemens AG.
Digital Utility Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2020 – 2027)
• Data breakdown for every market segment (2020 – 2027)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2020 - 2027)
• Integrated Solutions
• Cloud and Software
Application Analysis (Revenue, USD Million, 2020 - 2027)
Region Analysis (Revenue, USD Million, 2020 - 2027)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Digital Utility Market Companies
• ABB Ltd.
• Accenture PLC
• Capgemini SA
• Cisco Systems Inc.
• Eaton Corporation PLC
• General Electric Company
• International Business Machine Corporation
• Microsoft Corporation
• Oracle Corporation
• SAP SE
• Schneider Electric SE
• Siemens AG
United States Digital Utility Market Research Report
Europe Digital Utility Market Research Report
Asia Pacific Digital Utility Market Research Report
India Digital Utility Market Research Report