Global IoT in Utilities Market: Emerging Trends, Major Key Players IBM (US) and Oracle (US)

According to the report, The global Internet of Things (IoT) in utilities market size expected to grow from USD 28.6 billion in 2019 to USD 53.8 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 13.5% during the forecast period.

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The latest research report published by Evolve Business Intelligence examines the impacts of numerous market aspects on the global IOT IN UTILITIES industry including a look at the current market size and forecasts for key segments and regions, the driving forces behind the market, the probable effects from key trends, how all these will affect the business plan, SWOT analysis of critical sectors for each of the key competitors, customers and more! Providing valuable data about conglomerations that are most likely going to have an impact on this industry is essential to any company who plans to properly invest for next 5 years. These findings supplement our initial quantitative study in order to facilitate any new investments or planning traits against threats in existing sectors through a strategic business plan.

Impact of COVID-19

The on-going COVID-19 pandemic has had a significant impact on the industry. Several financial impacts and disruptions have been felt over a long period of time. Our research has interviewed numerous delegates from this industry, across geographical markets to collect information that is helpful for addressing potential challenges the COVID-19 pandemic may cause going forward.
In terms of COVID 19 impact, the IoT in Utilities market report also includes the following data points:
• Impact of COVID-19
• Government Aids and Policies for Industry Revival
• Companies Recent Developments to Tackle Negative Impact
• Opportunity Window & Post COVID Trend

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Key Players
Some of the major IoT in Utilities players holding highest market share include BM (US), Oracle (US), Verizon (US) and Cisco (US). These players use new product development as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• IBM (US)
• Oracle (US)
• Verizon (US)
• Cisco (US)
• Vodafone (UK)
• Telit (UK)
• Landis Gyr (Switzerland)
• Itron (US)
• Schneider Electric (France)
• Huawei (China)
• Trimble (US)
• Aclara (US)
• Trilliant (US)

Segmental Analysis

Market Segment By Component with focus on market share, consumption trend, and growth rate of IOT IN UTILITIES Market:
• Platform
• Solutions
• Services

Market Segment By Solution with focus on market share, consumption trend, and growth rate of IOT IN UTILITIES Market:
• Asset Monitoring Management
• Safety and Security
• Supervisiory Control and Data Acquisition (SCADA)
• Workforce Management
• Network Management
• Customer Information System (CIS) and Billing System

Market Segment By Service with a focus on market share, consumption trend, and growth rate of IOT IN UTILITIES Market:
• Consulting
• Integration and Deployment
• Support and Maintenance

Market Segment By Application with a focus on market share, consumption trend, and growth rate of IOT IN UTILITIES Market:
• Water and Wastewater Management
• Utility Gas Management
• Electricity Grid Management

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Global IoT in Utilities Geographic Coverage:
• North America
o US
o Canada

• Europe
o UK
o Germany
o France
o Italy
o Spain
o Rest of Europe

• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
o Malaysia
o Rest of Asia Pacific

• Latin America
o Mexico
o Brazil
o Argentina
o Rest of Latin America

• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o South Africa
o Rest of MEA

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