openPR Logo
Press release

Energy and Utilities Analytics Market predicted to gain $4.3 billion by 2025

08-31-2021 12:49 PM CET | IT, New Media & Software

Press release from: MarketsandMarkets™

Energy and Utilities Analytics Market

Energy and Utilities Analytics Market

According to a new market research report "Energy and Utilities Analytics Market by Component (Solutions and Services), Deployment Mode, Organization Size, Application (Upstream, Midstream, and Downstream), Vertical (Energy and Utilities), and Region - Global Forecast to 2025" published by MarketsandMarkets™, the market size expected to grow from USD 2.0 billion in 2020 to USD 4.3 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 16.3% during the forecast period. The major growth factor of the energy and utilities analytics market is the mounting adoption of smart meters for enabling two‐way communication between companies and customers. The prioritization of power generation planning and the need for accurate forecasting, and the investments in digital channels to improve customer processes, experience, and perceived customer value are also expected to drive the market growth.

Browse in-depth TOC on "Energy and Utilities Analytics Market”
109- Tables
80- Figures
282- Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=993

Large enterprises segment to hold a larger market size during the forecast period

The energy and utilities analytics market is segmented by organization size into large enterprises and Small and Medium-sized Enterprises (SMEs). The large enterprises segment is expected to hold a larger market size during the forecast period, due to the increasing urge among organizations to adopt energy and utilities analytics solutions and services for delivering better customer experience. Today, most organizations are in the urge to adopt energy and utilities analytics solutions and services to provide better data insights from a large volume of customer data.

Energy vertical to grow at a higher CAGR during the forecast period

The energy and utilities analytics market by vertical is segmented into two categories: energy and utilities. The energy vertical is expected to grow at a higher CAGR during the forecast period. The growth can be attributed to the increasing volume of customer data, changing customer needs, and growing need for efficient supply chain management. These factors have created the need for energy and utilities analytics solutions and services. The energy vertical is a category of stocks that relate to producing or supplying energy. It includes companies involved in the exploration and development of oil or gas reserves, oil and gas drilling, and refining. It also includes integrated power utility companies, such as renewable energy and coal. It has been driving industrial growth, providing fuel to power economies. Companies are focusing on the adoption of various technologies, including IoT and analytics, for powering their respective economies and facilitating the means of production and transportation. It also includes secondary sources such as electricity. Energy prices, along with the earnings performance of energy producers, are largely driven by the supply and demand for worldwide energy.

Browse Full Report @ https://www.marketsandmarkets.com/Market-Reports/energy-analytics-utility-market-993.html

North America to hold the largest market size during the forecast period

North America is expected to hold the highest share in the global energy and utilities analytics market, while Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. The North America region is witnessing significant developments in the energy and utilities analytics market. North America is also projected to hold the largest market size during the forecast period. Key factors favoring the growth of the energy and utilities analytics market in North America include the growing investments in the development of various technologies and increasing application of energy and utilities analytics solutions. The growing number of energy and utilities analytics players across regions is also expected to drive the market growth. Major North American vendors in the energy and utilities analytics market are Microsoft (US), IBM (US), Intel (US), GE (US), Cisco (US), Google (US), Oracle (US), SAS Institute (US), Salesforce (US), Teradata (US), AWS (US), MicroStrategy (US), Alteryx (US), TIBCO Software (US), Qlik (US), and Infor (US).

Speak to Research Expert @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=993

The report includes the study of key players offering energy and utilities analytics solutions and services. The major vendors include Microsoft (US), Eaton (Ireland), IBM (US), SAP (Germany), Intel (US), GE (US), Schneider Electric (France), Siemens (Germany), Cisco (US), Google (US), Oracle (US), SAS Institute (US), Salesforce (US), OpenText (Canada), Teradata (US), AWS (US), Atos (France), MicroStrategy (US), Alteryx (US), TIBCO Software (US), Qlik (US), Yellowfin (Australia), Board International (Switzerland), and Infor (US). The report also includes an in-depth competitive analysis of the key players in the energy and utilities analytics market, along with their company profiles, business overviews, product offerings, recent developments, and market strategies.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Email: sales@marketsandmarkets.com

MnM Blog: https://mnmblog.org

Content Source: https://www.marketsandmarkets.com/PressReleases/energy-analytics-utility.asp

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Energy and Utilities Analytics Market predicted to gain $4.3 billion by 2025 here

News-ID: 2374571 • Views: 182

More Releases from MarketsandMarkets™

Risk Analytics Market predicted to gain $64.7 billion by 2026
According to a new market research report "Risk Analytics Market With COVID-19 Impact Analysis by Software Type(ETL, Risk Calculation Engines), Service, Risk Type(Strategic Risk, Operational Risk, Financial Risk), Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2026" published by MarketsandMarkets™, the market size to grow from USD 32.6 billion in 2021 to USD 64.7 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 14.7%
Third-Party Risk Management Market predicted to gain $6.8 billion by 2024
According to a new market research report "Third-Party Risk Management Market by Component (Solution (Financial Control, Contract, Operational Risk, Audit, and Compliance) and Service (Professional & Managed)), Deployment Mode, Organization Size, Vertical, and Region - Global Forecast to 2024", published by MarketsandMarkets™, the global Third-Party Risk Management (TPRM) market size is projected to grow from USD 3.2 billion in 2019 to USD 6.8 billion by 2024, at a CAGR of
Mobile Device Management Market may reach to $15.7 billion by 2025
According to a new market research report "Mobile Device Management Market by Component (Solutions and Services), Deployment (Cloud and On-Premises), Organization Size (Large Enterprises and SMEs), Operating System, Vertical (BFSI, Telecom, Healthcare), and Region - Global Forecast to 2025" published by MarketsandMarkets™, the market size to grow from USD 4.3 billion in 2020 to USD 15.7 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 29.6% during
Enterprise Information Archiving Market predicted to reach $10.8 billion by 2025
According to a new market research report "Enterprise Information Archiving Market by Type (Content Types (Email, Database, Social Media, Instant Messaging, and Web) and Services (Consulting and System Integration)), Deployment Mode, Enterprise Size, and Region - Global Forecast to 2025" published by MarketsandMarkets™, the Enterprise Information Archiving Market size to grow from USD 5.7 billion in 2020 to USD 10.8 billion by 2025, at a Compound Annual Growth Rate (CAGR)

All 5 Releases


More Releases for Energy

Skylight Energy Melbourne
Skylight Energy is the leading provider of solar energy in Australia. We specialise in high quality yet affordable renewable energy products for either your home or business. Our large selection of products consists of only the finest Tier 1 solar panels, solar inverters and home battery packs. All of our products have been approved by the Clean Energy Council, and certified for safety to the highest Australian and international standards. Whether
Green energy
Green energy is the electricity derived from smooth assets generating minimum pollution and consists of sun photovoltaic, hydropower, wind electricity, bio-fuels and geothermal. expanded investments in era studies and improvement, supportive regulatory frameworks, extended consciousness and electricity security troubles and environmental concerns amongst others are fueling the boom in call for for clean and inexperienced energy. The report on the Global Smart Cards Automated Fare Collection System Market is a thorough
Complete Energy Management from eSight Energy
Why choose eSight Energy? You can manage and reduce your energy with the eSight software by importing data into the software and managing your expectations with informative and intuitive graphs and charts. Please view the video here: https://vimeo.com/203430337 eSight Energy provides energy management solutions for use across any type of building or process. With installations across Europe, the US, Middle East and Asia, solutions are provided through a network of resellers
Breakthrough Energy Solutions
RenewAge Energy Solutions, which is based at Los Angeles in California, has just emerged as the fastest growing energy & water efficiency service provider in the country. The energy solutions and energy efficiency California offered by the company are able to reduce the electricity requirements in homes and commercial properties substantially. Because of this, the operating costs on electricity demands can be cut by as much as 30% to 60%.
Plant Optimisation Saves Energy
Can the coating dry more quickly? Is it possible to reduce the rejection rate? Does the plant use too much energy? Many companies ask themselves questions like these. Energy and material costs are important considerations for industrial companies who wish to maintain or improve their competitiveness. At the same time, the optimisation of existing plant can often be the more sensible and cost-effective option over installing new plant. A
Reporting in Energy Trading
cronos imc combines expertise in energy trading and comprehensive reporting know how for an individual consulting service. In a few days to custom-fit and specific recommendations: This is the target of cronos imc GmbH. cronos imc provides energy traders the individual analysis of their Business Intelligence (BI) landscape. The special value lies in the vendor neutral approach. Using a checklist, all relevant information and associated processes that are needed for