Press release
Digital Utility Market 2019 Global Leaders Analysis: Cisco Systems, Siemens AG, General Electric Company, ABB, SAP SE, Capgemini SA, Accenture PLC, Cisco Systems
Market Scenario:
The major regions in the continents like United States, China, Japan, Germany has the major contribution in the digital utility market. The companies like International Business Machine Corporation (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), Siemens AG (Germany), General Electric Company (U.S.), are largest investors for the development in digital utilities transformation. In 2017, SAP SE (Germany) has joined African Utility week that are mainly concentrating on importance of digital utility and its advantage in coming years. It is focusing on advanced technology such as big data which can be widely used by the organizations for the improvement of performance of utilities Infrastructure, prolong use of assets, & maximize energy production and others.
The digital utilities is estimated to grow in the forecast years due to its numerous features that include renewable, distributed generation, and smart grids that are further required by new business models and regulatory frameworks. These utilities are used to influence the smart energy generation and management at the minimum cost. The growing demand of renewable power generations and its distributions, regulatory requirements for electric utilities and energy efficiency demanding carbon emission reductions, are driving the market growth to the large extent.
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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, and hybrid. The end-users includes residential, commercial, retail and others. The region includes North America, Europe, Asia Pacific and rest of the world.
The global Digital Utility Market is expected to grow at USD ~253 Billion by 2023, at ~12% of CAGR between 2017 and 2023.
Worldwide Digital Utility Market – Segments
The Global Digital Utility Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
• By Component: Comprises Hardware, Software, Services (On cloud services, & On premises services)
• By Deployment Type: On Premises, Cloud, and Hybrid.
• By End Users: Residential, Commercial, Retail and other
• By Regions: North America, Europe, APAC and Rest of the World.
Key Players
The prominent players in the global digital utility market are – Capgemini SA (France), International Business Machine Corporation (U.S.), Accenture PLC (Ireland), 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), among others.
Worldwide Digital Utility Market – Regional Analysis
North America is one of the leading regions in Digital Utility market worldwide. The integrated digital utilities transformation helps to reinvent by leveraging mobility, analytics, cloud technologies and others in the North America region.
The Europe region is emerging as one of the fastest growing regions in the global market of Digital Utility.
APAC countries like China, Japan and India emerging as considerable market for Digital Utility market expected to register a significant CAGR during the forecast period.
Industry/Innovation/Related News:
February 06, 2018 – Xylem Inc. (US), a global leader in water technology announced that it has acquired EmNet, LLC (US) a provider of smart solutions that enable municipalities to manage the urban water cycle and wastewater and storm water systems. The acquisition is expected to broaden Xylem’s portfolio of advanced infrastructure analytics solutions, abilities and water, electric and gas utilities around the world.
February 01, 2018 – DBi Services, a global leader in providing infrastructure maintenance, management and operations solutions to government agencies, railways, utilities and private industries announced that it has acquired HDR|ICA Asset Management (ICA =Infrastructure Corporation of America), provider of complete highway asset maintenance and management services to government agencies and local market contractors. The acquisition is expected to provide DBi with additional resources and workforce to support the country’s transportation infrastructure and protect the safety of the travelling public.
January 29, 2018 – CLEAResult (US), a leading technology company providing side management programs for utilities, announced that it has acquired the Utility Division of Ecova, a leader in energy and sustainability management changing its name to ENGIE Insight. The acquisition is expected to widen CLEAResult’s capability to support its utility clients to improve customer experience delivering greater energy efficiency savings to their commercial, residential, and industrial clients.
January 17, 2018 – Sensus (US) global leader cooperating public service providers—from utilities to cities to industrial complexes and campuses, together with Xyleme launched a new device to bring flexibility in AMR for Water, Gas and Electric Utilities. The portable radio-based device – Sensus FlexNet EasyLink™Mobile Communications help increase read rates minimizing drive time.
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Intended Audience
• Digital utility manufacturing companies
• Product sales and distribution companies
• Digital utility providers
• Electric utilities
• Electrical infrastructure providers
• IT vendors
• Research and development companies
• Market research and consulting firms
• Solution providers
• Technology standards organizations
• Technology investors
• System Integrators
About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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