Press release
Digital Utility Market Players Analysis: Capgemini SA, IBM, Accenture, Microsoft, Cognizant, Cisco Systems, Oracle, SAP SE, Siemens AG, General Electric, ABB Ltd
In North America region, the socioeconomic pressures and technology innovations are driving the market of digital utilities. The digital utilities transformation are providing services such as digital utilities maturity assessment, customer & communities experience transformation, digital asset management, digital utilities enterprise architecture and others. In 2016, the U.S. government has launched the Smart Grid Investment Grant program for smart grid development.
The most utilities are mainly investing in digital assets management. These digital assets can optimize asset planning, asset information management, asset condition monitoring, program performance management, investment functions and others. For instance, Sigma R Squared, Inc. is offering UtiliManager software which can manage Utility Documentation and Asset Management needs via virtual and interactive web-based tools.
The global Digital Utility Market is growing rapidly over ~12% of CAGR and is expected to reach at USD ~ 253 Billion by the end of forecast period.
Digital Utility Market Players:
• Accenture PLC (Ireland)
• Capgemini SA (France)
• International Business Machine Corporation (U.S.)
• Microsoft Corporation (U.S.)
• Cognizant Technology Solutions Corporation (U.S.)
• Cisco Systems Inc. (U.S.)
• Oracle Corporation (U.S.)
• SAP SE (Germany)
• Siemens AG (Germany)
• General Electric Company (U.S.)
• ABB Ltd.(Switzerland)
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Global Digital Utility Market Segmentation
The global digital utilities are bifurcated into component, deployment type, end-users, and region. The component includes hardware, software, services and other. The deployment type includes on premises, cloud, hybrid and others. The end-users includes residential, commercial, retail and others. The region includes North America, Europe, Asia Pacific and rest of the world.
Market Research Analysis:
On geographic basis, global digital utility market is studied in different regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region is leading with largest market share growth in the digital utility market due to the major companies such as Oracle Corporation, Cisco System Inc., Microsoft Corporation and others, are investing in the digital utility transformation. In this market, Europe is to be estimated to be the second largest market share for digital utility during the forecast period. As companies like SAP SE (Germany), Siemens AG (Germany) are focusing on the digital utilities transformation.
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Intended Audience
- Digital utility manufacturing companies
- Product sales and distribution companies
- Digital utility providers
- Electric utilities
- Electrical infrastructure providers
- IT vendors
- Research and development companies
- Market research and consulting firms
- Solution providers
- Technology standards organizations
- Technology investors
- System Integrators
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact:
Akash Anand,
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
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