Digital Utility Market Release involving Global Key Players by WMR

Western Market Research has promoted its recent exclusive report on "Digital Utility Market Size And Forecast To 2025 " which is based on comprehensive research and supported by robust, carefully validated data, this 148 pages report will serve as a complete guide for organizations and governments across the globe aspiring to make a strategic move in strengthening their presence in the sector. It will also serve as a very insightful tool for those organizations seeking to deepen their knowledge in the sector.

The Global Digital Utility Market was valued at USD 132.02 billion in 2016 and is projected to reach USD 384.75 billion by 2025, growing at a CAGR of 12.62% from 2017 to 2025.

Utilities around the world are leveraging digital technologies to enhance efficiency and optimize production. Digital utility is used to find new ways to conduct the business across various areas and functions. Benefits digital utility of includes enhanced customer experience, security, more scalable, opens the way for new energy products and services, and extracts meaningful information from volumes of data.

Sample Infographics:

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Market Dynamics:
1. Market Drivers
1.1 Emergence of smart cities
1.2 Stringent regulatory requirements for electric utilities
1.3 Rising number of distributed and renewable power generation projects
1.4 Growing need to improve the productivity and efficiency of utilities
2. Market Restraints
2.1 Increasing cyber security threats in the power and utilities sector
2.2 Issues related with new technology implementation
2.3 High initial cost

Market Segmentation:
The Global Digital Utility Market is segmented on the technology, network, and region.

1. Technology:
1.1 Integrated Solutions
1.1.1 Services
1.1.2 Cloud and Software
1.2 Hardware
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2. By Network:
2.1 Transmission and Distribution
2.2 Retail
2.3 Generation

3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
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Competitive Landscape:
The major players in the market are as follows:
1. Accenture PLC
2. Cisco Systems Inc.
3. General Electric Company
4. Mircosoft Corporation
5. SAP SE
6. Siemens AG
7. ABB Ltd.
8. Capgemini SA
9. Eaton Corporation PLC
10. IBM Corporation
11. Oracle Corporation
12. Schneider Electric SE
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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