05-15-2019 06:55 PM CET - Business, Economy, Finances, Banking & Insurance

Energy and Utility Analytics Market Outlook to 2025 – EnergySavvy, Oracle, Capgemini SE, Infosys, SAP SE, International Business Machines, BuildingiQ, SAS Institute, and Wegowise

Press release from: The Insight Partners
Energy and Utility Analytics Market
Energy and Utility Analytics Market
Global Energy and Utility Analytics Market is expected to grow from US$ 2.26 Billion in 2017 to US$ 5.71 Billion by 2025 at a CAGR of 12.5% between 2018 and 2025.

The report aims to provide an overview of the global Energy and Utility Analytics Market with detailed market segmentation. Also, it analyzes the current energy and utility analytics market scenario and forecasts the market until 2025. The report covers market dynamics affecting the market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the markets with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the market along with their market strategies. The report also provides PEST analysis of all five regions along with the SWOT analysis for all company profiled in the report.

The energy and utility analytics is used for evaluation of valuable insight from the large amount of data generated within the energy & utility network. This particular analytics solution aims to enhance the productivity, performance, and reliability of business operations in the utility based companies. SAS Institute Inc., SAP SE, Oracle Corporation, Infosys Limited and International Business Machines Corporation are some of the major players operating in the energy & utility analytics market.

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The List of Companies

1. International Business Machines Corporation
2. Oracle
3. Buildingiq
4. Capgemini SE
5. Energysavvy
6. Infosys
8. SAS
9. Wegowise
10. Wipro

Energy and Utility Analytics Market to 2025 - Global Analysis and Forecast by Type (Solution, and Service), by Service (Professional Services, and Managed Service), by Deployment Model (On-Premises, Cloud-Based and Hybrid) by Application (Load Forecasting, Customer Analytics, Grid Analytics, Asset Management, Smart Meter Analytics) and by Verticals (Oil & Gas, Renewables, Nuclear Power, Electricity, and Water)

The tremendous global economic development since past few years have resulted in increased per capita income, which in-turn has increased the capacity of an individual to procure advanced technologies resulting in up heaved living standards. The constantly upgrading living standards and penetration of smart technologies into residential as well as commercial sectors has bolstered the energy consumption across the globe. In order to efficiently manage this constantly burgeoning energy demands, the distribution operators have begun to emphasize on deployment of intelligent devices such as smart meters, smart grids, and sensors to their energy network. Owing to the expanding presence of connected devices in the energy and utility network, the data generated by the companies is massive, and extremely critical for derivation of future demand forecasting, and strategy building. This trend is therefore, expected to remarkably drive the energy & utility analytics market by 12.5% between 2017 and 2025.

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Furthermore, energy and utilities companies across the globe are increasingly implementing, and using various analytical tools and solutions for different applications, to create new opportunities in terms of improving production capacity, operational efficiency, and revenue streams and to have an edge over competitors. The major application areas for which energy and utility companies use analytics solutions are load research and forecasting, meter operation and optimization, asset management, and workforce management among others.

Despite the high initial capital expenditure, increasingly complicating oil & gas and utilities industry will drive the demand for robust analytical solutions, and market is projected to continuously evolve in the forthcoming years.

Geographically, North America is the major contributor to the energy and utility analytics market, followed by Europe, while Asia-Pacific region is predicted to witness high deployment of analytical solutions in oil & gas, electricity sectors resulting to be the fastest growing region in terms of energy & utility analytics market.

The report focuses on an in-depth segmentation of this market based on type, service, deployment model, application, and vertical. The geographic segmentation of the report covers six major regions including; North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA). The regional market has been further bifurcated by respective countries. By vertical segment, the oil & gas sector is accounted for the largest share contribution in energy and utility analytics market in 2017; whereas, Asia-Pacific region is expected to grow at the highest CAGR during the forecast period.

North America is one of the prominent regions in the energy and utility analytics market which will contribute the highest revenue globally due to technological developments and considerable application of analytical solutions in different verticals. Rapidly growing economies in Europe with significant growth in oil and gas industries will pave the path for increasing adoption of analytical solutions, to propel the market for energy and utility analytics market.

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Reason to Buy:
– Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Energy and Utility Analytics Market
– Highlights key business priorities in order to assist companies to realign their business strategies.
– The key findings and recommendations highlight crucial progressive industry trends in the Energy and Utility Analytics Market, thereby allowing players to develop effective long term strategies.
– Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
– Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
– Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com

This release was published on openPR.
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