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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The most utilities are mainly investing in digital assets management. These digital assets can optimize asset planning, asset information management, asset condition monitoring, program performance management, investment functions and others. For instance, Sigma R Squared, Inc. is offering UtiliManager software which can manage Utility Documentation and Asset Management needs via virtual and interactive web-based tools.
The Global Digital Utility Market is growing rapidly over ~12% of CAGR and is expected to reach at USD ~ 253 Billion by the end of forecast period.
Taste the market data and market information presented through more than 30 market data tables and figures spread over 100 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “The Global Digital Utility Market Research Report -Forecast to 2023”.
- 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)
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:
– On cloud services
– On premises services
Global Digital Utility Market by Deployment Type:
- On premises
Global Digital Utility Market by End-Users:
Global Digital Utility Market by Regions:
- North America
- Rest Of The World
Market Research Analysis:
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.
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- 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
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