Digital Utility Market Analysis, Share, Trend, Industry Report Forecast till 2032 | Capgemini SA (France), International Business Machine Corporation

Global Digital Utility Market Size, Status, and forecast for the 2025-2032. The research provides accurate economic, global, and country-level predictions and analyses. It provides a comprehensive perspective of the competitive market as well as an in-depth supply chain analysis to assist businesses in identifying major changes in industry practices. The market report also examines the current state of the Digital Utility Market industry, as well as predicted future growth, technological advancements, investment prospects, market economics, and financial data. Additionally, the report includes upstream and downstream analyses of key players, as well as global certainties and assurances. The report evaluates dynamic aspects such as forecast market information, Porter's Five Forces Analysis, sales estimates, wide product portfolio, market scenarios, and possibility studies.

The Digital Utility Market was valued at USD 198.1 billion in 2024 and is expected to reach USD 535.4 billion by 2032, growing at a CAGR of 11.72% from 2025-2032.

Updated Version of Sample Report Included:
https://www.marketdigits.com/request/sample/2184

Market Drivers:

Governments and utility providers worldwide are heavily investing in smart grid infrastructure to modernize outdated utility networks, enhance grid reliability, and integrate decentralized renewable energy sources. In the U.S., initiatives like the Grid Resilience and Innovation Partnerships and increasing state-level clean energy mandates are accelerating smart grid rollouts. These systems require advanced digital utility platforms for real-time monitoring, distributed asset management, and predictive maintenance. The shift toward renewables like solar, wind, and battery storage also demands digitally enabled utilities for seamless generation, distribution, and consumption balancing, significantly driving market growth for digital utility software, smart meters, and cloud-based management solutions.

Market Restraints:

While digital utility solutions offer long-term operational benefits, their high initial capital investment poses a challenge, especially for small and regional utility providers. The costs involved in deploying smart meters, IoT-enabled infrastructure, cloud platforms, and cybersecurity systems can strain operational budgets. Moreover, integrating new digital systems with legacy infrastructure requires significant time, technical expertise, and process restructuring, increasing operational risk during the transition. Many utilities are cautious about large-scale digital adoption due to these complexities, which can slow overall market growth, particularly in emerging economies and resource-constrained municipal utilities.

Major Players in Digital Utility Markets are:

Capgemini SA (France), International Business Machine Corporation (US), Microsoft Corporation (US), Cognizant Technology Solutions, Corporation (US), Cisco Systems Inc. (US), Oracle Corporation (US), SAP SE (Germany), Siemens AG (Germany), General Electric Company (US), ABB Ltd. (Switzerland)

Industry News:

April 2025: ABB announced plans to spin off its entire robotics division, aiming to sharpen its focus on electrification and automation. This strategic move is expected to optimize both ABB and its robotics business, enhancing customer value and growth potential.

February 2025: SAP partnered with Metito Utilities to drive AI-powered digital transformation. The collaboration involves implementing SAP S/4HANA Cloud Public Edition and SAP Analytics Cloud to enhance operational efficiency and sustainability in water management solutions.

"Connect with our team of research specialists and unlock the optimal solution for driving your business growth"

Global Digital Utility Market Segmentation:

Digital Utility Market: Technology Analysis
Hardware
Integrated Solutions

Digital Utility Market: Network Analysis
Generation
Transmission & Distribution
Retail

Know more about this report:
https://www.marketdigits.com/digital-utility-market-1694773799

The following areas and countries are covered in the worldwide Digital Utility Market file:

North America (US, Canada, Mexico)
Europe (Germany, France, UK, Russia, Italy)
Asia Pacific (China, Japan, South Korea, India, Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
Middle East and Africa (Saudi Arabia, UAE), Egypt, Nigeria, and South Korea)

North America dominated the market and accounted for 33% of the revenue share in 2023. The major drivers for the market include a growing number of renewable power plants and a rising number of investments in electrical infrastructure. Moreover, increasing digitalization along with the introduction of multiple linked devices is expected to propel the growth of the market throughout the forecast period. Amid a growing population, the digital utility market is registering for development with an increasing number of renewable power plants, catering to local needs.

Detailed industry forecast-Brief Introduction to the research report:

Additional information on company participants
Customized reports and analyst assistance are available upon request.
Recent market developments and potential future growth opportunities
Personalized regional/country reports upon request
New data sources are being integrated.
Increased focus on data privacy and security
Increased collaboration and co-creation

Discover More: Visit Our Website for Additional Reports!

https://www.marketdigits.com/steam-turbine-market-1694177145

https://www.marketdigits.com/hydrogen-compressor-market-1694177145

https://www.marketdigits.com/smart-waste-management-market-1694177145

https://www.marketdigits.com/environmental-monitoring-market-1694177145

https://www.marketdigits.com/lng-iso-tank-container-market-1694177145

About Us

Founded in 2015, MarketDigits Consulting & Advisory Pvt Ltd is a leading business research and consulting firm. Our mission is to empower clients by identifying emerging opportunities and driving revenue growth across industries. We specialize in providing comprehensive market insights, advanced technology solutions, and actionable strategies that support operational and strategic decision-making.

With a focus on the full value chain, our expert team delivers high-quality syndicate research reports, proprietary databases, and consulting services to help clients navigate today's competitive and dynamic business environment. At MarketDigits, we use advanced analysis to uncover profitable opportunities, enabling businesses to make smart decisions and achieve sustainable success.

Contact Us:

+1 510-730-3200 | +1 276-206-2055

sales@marketdigits.com

1248 CarMia Way Richmond

VA 23235, United States

This release was published on openPR.