Digital Utility industry

Digital Utility industry Research Report Global Forecast 2023

Industry Survey, Growth, Competitive Landscape and Forecasts to 2023

PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)

Digital Utility industry Research Report - Global Forecast 2023 Digital Utility industry

• The major regions in the continents like United States, China, Japan, Germany has the major contribution in the Digital Utility industry. 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.

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Digital Utility industry Research Report - Global Forecast 2023

“Taste the market data and market information presented through more than 50 market data tables and figures spread in 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on Internet of Digital Utility industry Forecast To 2023”

• The study reveals that digital utility is trending in North America region. The digital utility demand is growing very rapidly as it is providing platform solution for implementing energy efficiency, optimizing business process management and real time analytics that enhances the field services through integration of all IT services and

others. The adoption of advanced digital technology in utility are widely used in U.S. The technology includes big data analytics, digital marketing, Internet of Things (IoT), artificial intelligence (AI), and others. These adoption has enabled digital transformation for numerous utilities.

• 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.

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Digital Utility industry Research Report - Global Forecast 2023

Regional Analysis • On geographic basis, Digital Utility industry 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 industry 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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Digital Utility industry Research Report - Global Forecast 2023

Application & Major Players in this Research: Digital Utility industry Prominent 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),

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Digital Utility industry Research Report - Global Forecast 2023

Digital Utility industry Segmented on the basis of The Digital Utility industry has been segmented on the basis of component, deployment type, end-users, and region.

Digital Utility industry by Component: • Hardware • Software • Services - On cloud services - On premises services Digital Utility industry by Deployment Type: • On premises • Cloud • Hybrid Digital Utility industry by End-Users: • Residential • Commercial • Retail

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