Customer Information System (CIS) Market To Reach USD 2.06 Billion By 2026
Market Summary Advancements in the Internet of Things [IoT] and cloud technologies, increasing global utility consumption, and the rise in smart city initiatives is boosting the CIS market. Market Size – USD 0.88 Billion in 2018, Market Growth - CAGR of 11.2%, Market Trends –The rise in smart city initiatives The global Customer Information System (CIS) market is forecast to reach USD 2.06 Billion by 2026, according to a new report by Reports and Data. The expansion of the Customer Information System market is the result of varied factors. Advancements in digital technology, the Internet of Things [IoT], and cloud technologies are some of the primary contributing factors boosting the growth of the market. Another essential factor propelling the growth of the Customer Information System (CIS) market is the increasing number of government smart city initiatives. Further key findings from the report suggest : • • •
Customer Information System (CIS) market held a market share of USD 0.88 Billion in the year 2018, with a growth rate of 11.2% during the forecast period. Rising investments in smart city initiatives are having a positive impact on the growth of the CIS market. As an instance, USD 41 Trillion is expected to be expended by the US government on smart city initiatives. In the context of Operational platforms, the In-house segment can be seen to generate the highest revenue of USD 0.57 Billion in 2018 with a growth rate of 11.4% during the forecast period. www.reportsanddata.com
Key Players: Hansen, Oracle, SAP, Itineris, Milestone Utility Services, Fluentgrid, Gentrack, Open International, Cayenta, and Hydro-Comp. Segmentation: • Operational platforms Type Outlook (Revenue, USD Billion; 2020-2026), In-house, Outsourced, Co-sourced, Hosted, Others • Deployment type Outlook (Revenue, USD Billion; 2020-2026), Cloud, On-Premises • Offerings Type Outlook (Revenue, USD Billion; 2020-2026), Solutions, Services • Application Type Outlook (Revenue, USD , Billion; 2020-2026), Power and electricity management, Wastewater and water management, Utility gas management, Others
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Regional Customer Information System (CIS) Market (Regional Output, Demand & Forecast by Countries):• North America (United States, Canada, Mexico) • South America (Brazil, Argentina, Ecuador, Chile) • Asia Pacific (China, Japan, India, Korea) • Europe (Germany, UK, France, Italy) • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.
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Major highlights of the report: • An all-inclusive evaluation of the parent market • The evolution of significant market aspects • Industry-wide investigation of market segments • Assessment of the market value and volume in the past, present and forecast years • Market share evaluation • Study of niche industrial sectors • Tactical approaches of the market leaders • Lucrative strategies to help companies strengthen their position in the market
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