Press release
Digital Utility Market 2017-2023 Key Leaders: Capgemini SA, Accenture PLC, Microsoft Corporation, Cognizant Technology Solutions Corporation
Market Scenario:The major regions in the continents like United States, China, Japan, Germany has the major contribution in the digital utility market. The companies like International Business Machine Corporation (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), Siemens AG (Germany), General Electric Company (U.S.), are largest investors for the development in digital utilities transformation. In 2017, SAP SE (Germany) has joined African Utility week that are mainly concentrating on importance of digital utility and its advantage in coming years. It is focusing on advanced technology such as big data which can be widely used by the organizations for the improvement of performance of utilities Infrastructure, prolong use of assets, & maximize energy production and others.
The Digital Utilities Market is estimated to grow in the forecast years due to its numerous features that include renewable, distributed generation, and smart grids that are further required by new business models and regulatory frameworks. These utilities are used to influence the smart energy generation and management at the minimum cost. The growing demand of renewable power generations and its distributions, regulatory requirements for electric utilities and energy efficiency demanding carbon emission reductions, are driving the market growth to the large extent.
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, and hybrid. The end-users includes residential, commercial, retail and others. The region includes North America, Europe, Asia Pacific and rest of the world.
The regional analysis of digital utility market is being studied for region such as Asia pacific, North America, Europe and Rest of the World. North America is one of the leading region across the world in terms of market share in digital utility market. The integrated digital utilities transformation helps to reinvent by leveraging mobility, analytics, cloud technologies and others in the North America region. The digital utility market in Europe region is expected to witness rapid growth in the forthcoming period. Whereas, Asia-Pacific countries like China, Japan and India is an emerging market for digital utility market and expected to be the highest CAGR in the coming years.
The global digital utility market is expected to grow at USD 253 Billion by 2023, at 12% of CAGR between 2017 and 2023.
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Key Players:
• Capgemini SA (France),
• International Business Machine Corporation (U.S.),
• Accenture PLC (Ireland),
• 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),
Segments:
The global digital utility market has been segmented on the basis of component, deployment type, end-users, and region.
Global Digital Utility Market by Component:
• Hardware
• Software
• Services
- On cloud services
- On premises services
Global Digital Utility Market by Deployment Type:
• On premises
• Cloud
• Hybrid
Global Digital Utility Market by End-Users:
• Residential
• Commercial
• Retail
• Others
Global Digital Utility Market by Regions:
• North America
• Europe
• APAC
• Rest Of The World
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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
TABLE OF CONTENTS
1 MARKET INTRODUCTION
1.1 INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.2.2 ASSUMPTIONS
1.2.3 LIMITATIONS
1.3 MARKET STRUCTURE
1.3.1 GLOBAL DIGITAL UTILITY MARKET: BY COMPONENT
1.3.2 GLOBAL DIGITAL UTILITY MARKET: BY DEPLOYMENT TYPE
1.3.3 GLOBAL DIGITAL UTILITY MARKET: BY END-USER
1.3.4 GLOBAL DIGITAL UTILITY MARKET: BY REGION
Continue...
2 RESEARCH METHODOLOGY
2.1 RESEARCH
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
2.4 FORECAST MODEL
Continue...
3 MARKET DYNAMICS
3.1 INTRODUCTION
3.2 MARKET DRIVERS
3.3 MARKET CHALLENGES
3.4 MARKET OPPORTUNITIES
Continue...
LIST OF TABLES
TABLE 1 DIGITAL UTILITY MARKET, BY COMPONENT
TABLE 2 DIGITAL UTILITY MARKET, BY DEPLOYMENT TYPE
TABLE 3 DIGITAL UTILITY MARKET, BY END-USER
TABLE 4 DIGITAL UTILITY MARKET, BY REGION
Continue...
LIST OF FIGURES
FIGURE 1 RESEARCH METHODOLOGY
FIGURE 2 DIGITAL UTILITY MARKET: BY COMPONENT (%)
FIGURE 3 DIGITAL UTILITY MARKET: BY DEPLOYMENT TYPE (%)
FIGURE 4 DIGITAL UTILITY MARKET: BY END-USER (%)
Continue...
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