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Digital Utility Market Report 2023 - Market Size, Share, Major Drivers And Key Trends | ABB Ltd., General Electric Company, Siemens AG, IBM, Capgemini SE
Digital Utility Market
Digital Utility Market Size, Growth Rate, And Forecast
The global digital utility market size is expected to grow from $203.74 billion in 2022 to $229.40 billion in 2023 at a compound annual growth rate (CAGR) of 12.59%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The digital utility market is expected to reach $374.91 billion in 2027 at a compound annual growth rate (CAGR) of 13.07%.
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Digital Utility Market Drivers
The growing number of distributed and renewable power generation projects is expected to drive growth in the digital utility market during the forecast period. Distributed generation refers to the production of electricity from several sources, frequently from renewable energy sources.
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Digital Utility Market Segments
• By Deployment: On-Premise, Hybrid, Cloud
• By Network: Generation, Transmission And Distribution, Retail
• By Technology: Hardware, Integrated Solutions
• By End-Use: Banking, Financial Services And Insurance (BFSI), Media And Communication Services, Manufacturing And Natural Resources, Aerospace And Defence, Transportation And Logistics, Government And Utilities, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Digital Utility market.
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Digital Utility Market Key Players
Major competitors in the digital utility market include ABB Ltd., General Electric Company, Siemens AG, Capgemini SE, SAP SE, IBM.
The Business Research Company's "Global Digital Utility Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Digital Utility Market Include:
1. Executive Summary
2. Digital Utility Market Characteristics
3. Digital Utility Market Trends And Strategies
4. Digital Utility Market - Macro Economic Scenario
5. Digital Utility Market Size And Growth
……
26. Africa Digital Utility Market
27. Digital Utility Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Digital Utility Market
29. Digital Utility Market Future Outlook and Potential Analysis
30. Appendix
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