Smart Utilities Management Market Trends, Growth Opportunities, Industry Revenue and Business Analysis by Forecast 2026 - IBM Corporation, Atos SE, Honeywell International

Market Intelligence Data has released a new report on the global Smart Utilities Management market. The document gives a complete evaluation of the market. It understands market development through in-depth insights, tracking historical developments and analysing current scenarios and future forecasts based on optimistic and possible situations. The report provides detailed statistics on the Smart Utilities Management market industry and its framework.

The data studied for the preparation of the report takes into account the current major players and the major players that will be listed. Industry top players are: IBM Corporation, Atos SE, Honeywell International Inc, ABB Ltd, Cisco Systems Inc., Siemens AG, Tendrill Inc., Itron Inc.

The Global Smart Utilities Management Market Size is Projected to Reach at a CAGR of 18.72% during 2021-2026.

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The primary intention of this Smart Utilities Management Market record is to offer Quantitative information withinside the shape of charts and graphs. The records concerning marketplace basics is furnished genuinely for the sake of readers. All the readers at the side of stakeholders will recognize the marketplace conditions and enterprise surroundings as it should be via this well-planned Market analysis. It will become clean to acquire the impact of COVID-19 on marketplace increase via this Smart Utilities Management marketplace record.

Key Market Trends

Power Sector Hits Growth with Meter Data Management System

- A majority of the utilities are currently concentrating on setting up AMI infrastructure for meeting administrative requirements, green power initiatives, and additional business benefits.
- Large volumes of data are being collected, with AMI meters being deployed, but utility providers have not started realizing the benefits of received data and other AMI capabilities to remotely perform transactions, apart from just accepting the monthly billing read. 

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Regional Analysis:

Asia -Pacific to Emerge as the Fastest Growing Market

- In Asia-Pacific, in the recent past, countries, such as Australia, Japan, and South Korea have shown considerable strides in their efforts to smarten their utility network systems.
- For instance, in the case of Japan, its major utilities have committed toward the widespread smart meter rollouts by 2024, that could lead to installations of over 78 million smart meters across residential and low-use customers. The number of smart meters installations exceeded 10 million in 2016. Besides, the four major electric utilities, namely TEPCO, Tohoku Electric Power Co., Hokuriku Electric Power Co., and Kyushu Electric Power Co., have installed 750,000 smart meters in commercial premises, and are planning to complete their rollouts by the end of 2018.

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Competitive Landscape

The smart utilities management market is highly fragmented due to companies around the world increasingly being aware of the technologies. They are also investing in integrating new technologies, in order to produce advanced metering devices with improved performance and efficiency. Some of the key players in the market are IBM Corporation, Atos SE, Honeywell International Inc., ABB Ltd, Cisco Systems Inc., and Siemens AG. These players are constantly innovating and upgrading their product offerings to cater to the increasing market demand.

- April 2019 - Atos announced that it achieved the Internet of Things (IoT) Partner Specialization in the Google Cloud Partner Specialization Program. By earning the Partner Specialization, Atos has proven their expertise and success in building customer solutions in the Internet of Things (IoT) field using Google Cloud Platform technology.

Highlights of Smart Utilities Management Market report:

-           A complete backdrop analysis, which includes an assessment of the parent market

-           Important changes in Smart Utilities Management market dynamics

-           Market segmentation up to the second or third level

-           Historical, current, and projected size of the market from the standpoint of both value and volume

-           Reporting and evaluation of recent industry developments

-           Market shares and strategies of key players

-           Emerging niche segments and regional markets

-           An objective assessment of the trajectory of the market

Customization:

The Global Smart Utilities Management Market report may be modified to meet your specific business needs. Because we recognize what our customers want, we offer 25% customization for any of our MID reports at no extra fee to all of our customers.

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