Internet of Things (IoT) Market Growth, Business Opportunities, Share, Key Insights and Size estimation by 2031 | IBM, Oracle, Verizon, Cisco, Vodafone, Telit, Landis Gyr

Global Internet of Things (IoT) report from Global Insight Services is the single authoritative source of intelligence on IoT in Utilities market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

The Internet of Things (IoT) in utilities is the growing network of physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, and connectivity enabling them to collect and exchange data. The IoT in utilities can help organizations remotely monitor and manage assets, optimize operations, and improve customer service. For example, a water utility could use the IoT to remotely monitor water levels in reservoirs, detect leaks, and track customer usage.

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Key Trends

There are a few key trends in IoT in Utilities technology. The first is the move towards smart grid technologies. This includes the development of new sensors and devices that can be used to monitor and manage the flow of electricity. This can help to improve the efficiency of the grid and reduce the amount of power that is lost in transmission.

Another key trend is the development of storage technologies. This includes the use of batteries and other devices that can store energy. This can be used to help meet peak demand periods or to provide backup power during power outages.

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Key Drivers

The key drivers of the IoT in Utilities market are the need for improved operational efficiency, the need for improved asset management, the need for improved customer service, and the need for improved sustainability.

Operational efficiency is a key driver for the IoT in Utilities market as utilities look to improve their overall performance. The IoT can help utilities to reduce their energy consumption, lower their maintenance costs, and improve their overall efficiency.

Asset management is another key driver for the IoT in Utilities market as utilities seek to improve the management of their assets. The IoT can help utilities to track their assets, monitor their performance, and make better decisions about their maintenance and replacement.

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Market Segments

The IoT in Utilities Market is segmented on the basis of component , application , and region. Based on type, the market is divided into platform, solutions (asset monitoring and management and cis and billing), and services. On the basis of application, it is segmented into electricity grid management, water and wastewater management, and utility gas management. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

The IoT in Utilities Market report includes players such as IBM, Oracle, Verizon, Cisco, Vodafone, Telit, Landis Gyr, Itron, Schneider Electric, and Huawei.

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