Digital Utility Market Release involving Global Key Players by WMR
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.
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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
The Global Digital Utility Market is segmented on the technology, network, and region.
1.1 Integrated Solutions
1.1.2 Cloud and Software
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2. By Network:
2.1 Transmission and Distribution
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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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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