IoT Utilities Market Trends Operated By Huawei Technologies Co. Ltd. General Electric, Trilliant Inc., Osisoft and Many More

The “IoT Utilities Market” Report offers an inclusive and decision making overview, including definitions, classifications and its applications. The IoT Utilities market is anticipated to reflect a positive growth trend in forthcoming years. The essential driving forces behind the growth and popularity of IoT Utilities market is analyzed detailed in this report.

Top prominent Key players in global IoT Utilities market
Microsoft Corporation, Intel Corporation, Cisco Systems Inc., IBM Corporation and Huawei Technologies Co. Ltd. General Electric, Trilliant Inc., Osisoft LLC and Honeywell International Inc.

IoT Utilities Market is set to exceed USD 15 billion by 2024; as per a new research report by Global Market Insights, Inc.

The insufficiency of technically skilled workforce coupled with the lack of standards is expected to hinder the IoT utilities market growth. Growing incidents of cyber security breaches throughout the industries accessing highly sensitive information coupled with the lack of interoperability might pose a challenge to the IoT utilities market.

Increasing demand from users for remote monitoring of facilities for quick identification and restoration of any kind of leakage and faults is expected to give rise to the adoption of IoT solutions for gas management. Leakage in the facility assets such as pipelines might cause a large amount of destruction which can be avoided by using such advanced solutions.

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The report has been prepared based on the synthesis, analysis, and interpretation of information about the global turnstile market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.

The points that are discussed within the report are the major market players that are involved in the market such as manufacturers, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
Scope of IoT Utilities Market:

The concept of smart cities has further helped promote the application of IoT devices across the construction sector, for the reason that IoT helps upgrade building and smart energy grid connectivity, which would eventually augment the profitability landscape of IoT utilities market. Leading technocrats predict that utility firms would exploit IoT extensively in the ensuing years to reduce power consumption across the oil & gas, water, transportation, and electric sectors.

For instance, the ability of the smart sensors to check the quality, pressure, temperature, and consumption of water has led to smart water management gaining renewed traction lately. A leading industry report predicts that utility firms are forecast to reduce their expenditure by nearly USD 157 billion by 2035 through smart meter applications, thereby stimulating IoT utilities market trends in the years ahead.

IoT Utilities Market, By Platform

Network Management
Device Management
Application Management
IoT Utilities Market, By Technology
Sensor
RFID
Connectivity technology
Others
IoT Utilities Market, By Component
Software
Data management
Streaming analytics
Security
Remote monitoring
Bandwidth management
Hardware
IoT Utilities Market, By Service
Professional service
Managed service
IoT Utilities Market, By Application
Electricity grid management
Gas management
Water & waste management

Key Reasons to Purchase

To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
Assess the production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the market and its impact in the global market.
Learn about the market strategies that are being adopted by leading respective organizations.
To understand the future outlook and prospects for the market.
Besides the standard structure reports, we also provide custom research according to specific requirements.

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Data Tables

TABLE 1 IoT utilities industry 360 degree synopsis, 2013 - 2024
TABLE 2 Global IoT utilities market, 2013 - 2024, (USD Billion)
TABLE 3 Global IoT utilities market estimates by region, 2013 - 2024 (USD Billion)
TABLE 4 Global IoT utilities market estimates by platform, 2013 - 2024 (USD Billion)
TABLE 5 Global IoT utilities market estimates by technology, 2013 - 2024 (USD Billion)
TABLE 6 Global IoT utilities market estimates by service, 2013 - 2024 (USD Billion)
TABLE 7 Global IoT utilities market estimates by component, 2013 - 2024 (USD Billion)
TABLE 8 Global IoT utilities market estimates by application, 2013 - 2024 (USD Billion)
TABLE 9 Industry impact forces
TABLE 10 Competitor strategy dashboard
TABLE 11 Network management market by region, 2013 - 2024 (USD Billion)
TABLE 12 Device management market by region, 2013 - 2024 (USD Billion)
TABLE 13 Application management market by region, 2013 - 2024 (USD Billion)
TABLE 14 Sensor market by region, 2013 - 2024 (USD Billion)
TABLE 15 RFID market by region, 2013 - 2024 (USD Billion)

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