Digital Utility Market Research Report- Global Forecast 2023

Digital Utility Market Research Report- Forecast 2023

Digital Utility Market Research Report- Forecast 2023

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Digital Utility Market Research Report- Forecast 2023

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Digital Utility Market Research Report- Forecast 2023

Summary 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 utility market is expected to grow at USD 253 Billion by 2023, at 12% of CAGR between 2017 and 2023. .

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Digital Utility Market Research Report- Forecast 2023

Major 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),

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Digital Utility Market Research Report- Forecast 2023

Segmentation: 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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Digital Utility Market Research Report- Forecast 2023

Regional 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

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Digital Utility Market Research Report- Forecast 2023

(Germany) are focusing on the digital utilities transformation.

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