Digital Utility Market Value Predicted to Hit Big Revenues in Future | IBM, Cisco Systems, Cognizant

The report "Digital Utility Market by Network (Generation, Transmission and Distribution, and Retail), Technology (Hardware and Integrated Solutions (Cloud and Software, Services)), and Region (North America, Europe, and Asia-Pacific) - Global Forecast to 2022", The digital utility market is expected to grow from an estimated USD 135.16 Billion in 2017 to USD 244.31 Billion by 2022, at a CAGR of 12.57%, from 2017 to 2022. The global market is set to witness a significant growth due to the increase in distributed and renewable power generation projects and regulatory requirements for electric utilities.

A new business intelligence report released by Advance Market Analytics with title Global Digital Utility Market Insights, forecast to 2027. This report provides a detailed overview of key factors in the Global Digital Utility Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. A thorough analysis of these factors has been conducted to determine future growth prospects in the global market.

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Note: The report also covers a detailed chapter of the analysis on COVID-19 impact on this market at global and regional level in our final reports.

Major Key Players in This Report Include,
International Business Machines, Cisco Systems, Cognizant Technology Solutions, Cap Gemini S.A., ABB Ltd, Siemens AG, General Electric Company, SAP SE, Oracle

The report is a significant source of information for investors, shareholders, industry planners, established and existing market players who are striving to improve their footprint in the current Digital Utility market landscape.

What is Digital Utility?
Digital utility is a process of adopting new digital ways of working, often with a business goal for utilities to reinvent themselves. It results in improved interactions with customers, more streamlined operations, greater efficiencies, and hopes of triggering new business models. In this process use of expert systems based on artificial intelligence helps to gain new business insights and optimize processes by analyzing large data sets quickly. It improves customer satisfaction, reduces churn and leads to new products and services.

The Digital Utility Market segments and Market Data Break Down are illuminated below:
by Type (Hardware, Integrated Solutions, Cloud and Software, Services), End-users (Residential, Commercial, Retail), Network (Generation, Transmission and Distribution, Retail), Deployment (On-Premises, Cloud, Hybrid)

Market Trend
• Increasing Need to Improve the Productivity and Efficiency of Utilities

Market Drivers
• Rise in the Number of Distributed and Renewable Power Generation Projects
• Strict Regulatory Requirements for Electric Utilities
•

Market Challenges
• Challenges Associated With New Technology Implementation

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Global Digital Utility the manufacturing cost structure analysis of the market is based on the core chain structure, engineering process, raw materials and suppliers. The manufacturing plant has been developed for market needs and new technology development. In addition, Global Digital Utility Market attractiveness according to country, end-user, and other measures is also provided, permitting the reader to gauge the most talented or commercial areas for investments. The report also provides a detailed synopsis of the competitive scenario, wherein complete business profiles of some of the prime companies in the market are included.

Report Highlights:
• Comprehensive overview of parent market& substitute market
• Changing market dynamics in the industry (COVID & Economic Impact Analysis)
• In-depth market segmentation (Trends, Growth with Historical & Forecast Analysis)
• Recent industry trends and development activity
• Competitive landscape (Heat Map Analysis for Emerging Players & Market Share Analysis for Major Players along with detailed Profiles)

Geographically Global Digital Utility markets can be classified as North America, Europe, Asia Pacific (APAC), Middle East and Africa and Latin America. North America has gained a leading position in the global market and is expected to remain in place for years to come. The growing demand for Global Digital Utility markets will drive growth in the North American market over the next few years.

In the last section of the report, the companies responsible for increasing the sales in the Global Digital Utility Market have been presented. These companies have been analyzed in terms of their manufacturing base, basic information, and competitors. In addition, the application and product type introduced by each of these companies also form a key part of this section of the report. The recent enhancements that took place in the global market and their influence on the future growth of the market have also been presented through this study.

Get More Information about Digital Utility Market: https://www.advancemarketanalytics.com/reports/67406-global-digital-utility-market

Strategic Points Covered in Table of Content of Digital Utility Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Digital Utility market
Chapter 2: Exclusive Summary – the basic information of the Digital Utility Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Digital Utility
Chapter 4: Presenting the Digital Utility Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region
Chapter 6: Evaluating the leading manufacturers of the Digital Utility market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
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