IoT in Utilities Market size, Witness Highest Growth in near future by 2027 | Ibm, Abb, Siemens, Honeywell, Ge

Market Research Intellect published a new report, titled, "IoT in Utilities Market" The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

Increase in awareness about the environment, shifts in the preferences to local experiences, and people's interest in exploring new cultures, and cuisine drive the growth of global IoT in Utilities Market. However, the factors that can hamper the growth of IoT in Utilities are government policies, lack of investment, resources, and high cost on travel. Even so, IoT in Utilities can grow in the future with the increase of this type of tourism. Some governments are also providing help for the development of IoT in Utilities.

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Regions covered - North America (U.S. and Canada), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)

The key market players profiled in the report include –

• Ibm
• Abb
• Siemens
• Honeywell
• Ge
• Oracle
• Verizon
• Cisco
• Vodafone
• Telit
• Landis Gyr
• Itron
• Schneider Electric
• Huawei
• Trimble
• Aclara
• Trilliant
• Energyworx
• Hcl
• Altair
• Actility
• Waviot
• Rayven

COVID-19 Scenario Analysis:

○ The novel COVID-19 has heavily impacted the tourism industry.

○ Restriction on travel and transportation has caused heavy losses for the global destinations and hotels.

○ Due to COVID-19 there is a risk of 200 million job loss in tourism in future.

○ According to UNWTO stats shows tourist arrival decreased by 22% in Q1 2020.

○ Travel and tourism play an important role in the country’s GDP but due to COVID pandemics, GDP has decreased.

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Global IoT in Utilities Market by Type

• Cloud-based
• On-premises

IoT in Utilities Market, By Application
• Power Management
• Water Management
• Others

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Key Benefits of the Report:

♦This study presents the analytical depiction of the global IoT in Utilities industry along with the current trends and future estimations to determine the imminent investment pockets.

♦The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global IoT in Utilities Market share.

♦The current market is quantitatively analyzed from 2020 to 2027 to highlight the global IoT in Utilities Market growth scenario.

♦ Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.

♦The report provides a detailed global IoT in Utilities Market analysis based on competitive intensity and how the competition will take shape in coming years.

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Market Research Intellect
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About Us:
Market Research Intellect provides syndicated and customized research reports to clients from various industries and organizations with the aim of delivering functional expertise. We provide reports for all industries including Energy, Technology, Manufacturing and Construction, Chemicals and Materials, Food and Beverage and more. These reports deliver an in-depth study of the market with industry analysis, the market value for regions and countries, and trends that are pertinent to the industry.

This release was published on openPR.