Digital Utility Market Size, Industry Growth, Sales Revenue, Competitive Landscape, Development Status and Comprehensive Research Study Till 2023
Market Research Future published a research report on “Digital Utility Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Pune, India – February 18, 2019 /MarketersMedia/ —
Digital Utility Market Global Market- Overview
With advancement of technology, the utility service providers are also transforming rapidly. However, it is estimated that by 2019, 75 percent of utilities will be engaged a risk based cyber-security which will signify a transformation from compliance approach to security approach. Additionally, by 2019, 50 percent of utilities service providers are likely to invest in capital expenditure on operational technology. With the integration of internet of things is expected to boost the distributed energy resources, asset operations and field services. Implementation of smart meters to provide two way communication is also increasing in Europe and Asia Pacific region. In order to increase the efficiency during routing, sampling, and interpreting phases of supply chain water and waste utility providers are laying their focus towards engaging the geospatial information system. However, regulatory policies in terms of tariff rates of utility could be one of the challenging factors to the digital utility market over the forecast period. Furthermore, high installation cost for setting the digital utility for residential sector could hinder the growth of the market over the forecast period.
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Worldwide Digital Utility Market – Segments
The Global Digital Utility Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
• By Component: Comprises Hardware, Software, Services (On cloud services, & On premises services)
• By Deployment Type: On Premises, Cloud, and Hybrid.
• By End Users: Residential, Commercial, Retail and other
• By Regions: North America, Europe, APAC and Rest of the World.
Key Players
The prominent players in the global Digital Utility Market are – 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.), and ABB Ltd.(Switzerland), among others.
Worldwide Digital Utility Market – Regional Analysis
North America is one of the leading regions in Digital Utility market worldwide. The integrated digital utilities transformation helps to reinvent by leveraging mobility, analytics, cloud technologies and others in the North America region.
The Europe region is emerging as one of the fastest growing regions in the global market of Digital Utility.
APAC countries like China, Japan and India emerging as considerable market for Digital Utility market expected to register a significant CAGR during the forecast period.
Industry/Innovation/Related News:
February 06, 2018 – Xylem Inc. (US), a global leader in water technology announced that it has acquired EmNet, LLC (US) a provider of smart solutions that enable municipalities to manage the urban water cycle and wastewater and storm water systems. The acquisition is expected to broaden Xylem’s portfolio of advanced infrastructure analytics solutions, abilities and water, electric and gas utilities around the world.
February 01, 2018 – DBi Services, a global leader in providing infrastructure maintenance, management and operations solutions to government agencies, railways, utilities and private industries announced that it has acquired HDR|ICA Asset Management (ICA =Infrastructure Corporation of America), provider of complete highway asset maintenance and management services to government agencies and local market contractors. The acquisition is expected to provide DBi with additional resources and workforce to support the country’s transportation infrastructure and protect the safety of the travelling public.
January 29, 2018 – CLEAResult (US), a leading technology company providing side management programs for utilities, announced that it has acquired the Utility Division of Ecova, a leader in energy and sustainability management changing its name to ENGIE Insight. The acquisition is expected to widen CLEAResult’s capability to support its utility clients to improve customer experience delivering greater energy efficiency savings to their commercial, residential, and industrial clients.
January 17, 2018 – Sensus (US) global leader cooperating public service providers—from utilities to cities to industrial complexes and campuses, together with Xyleme launched a new device to bring flexibility in AMR for Water, Gas and Electric Utilities. The portable radio-based device – Sensus FlexNet EasyLink™Mobile Communications help increase read rates minimizing drive time.
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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 Us:
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 Info:
Name: Abhishek Sawant
Organization: Market Research Future
Website: https://www.marketresearchfuture.com
Source: MarketersMedia
Release ID: 483119
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