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Digital Utility Market 2023 by Scope, Size, Opportunities and Growth Rate analysis

Author: Akash Sangshetti
by Akash Sangshetti
Posted: Dec 27, 2018
digital utility

Market Highlights

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".

Global Digital Utility Market Segmentation

The global digital utilities are bifurcated into component, deployment type, end-users, and region. The component includes hardware, software, services and other. The deployment type includes on premises, cloud, hybrid and others. The end-users includes residential, commercial, retail and others. The region includes North America, Europe, Asia Pacific 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.

Market Research 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 (Germany) are focusing on the digital utilities transformation.

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

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TABLE OF CONTENTS

LIST OF TABLES

TABLE 1 DIGITAL UTILITY MARKET, BY COMPONENT

TABLE 2 DIGITAL UTILITY MARKET, BY DEPLOYMENT TYPE

TABLE 3 DIGITAL UTILITY MARKET, BY END-USER

TABLE 4 DIGITAL UTILITY MARKET, BY REGION

TABLE 5 NORTH AMERICA DIGITAL UTILITY MARKET, BY COMPONENT

TABLE 6 NORTH AMERICA DIGITAL UTILITY MARKET, BY DEPLOYMENT TYPE

TABLE 7 NORTH AMERICA DIGITAL UTILITY MARKET, BY APPLICATION

TABLE 8 NORTH AMERICA DIGITAL UTILITY MARKET, BY REGION

TABLE 9 EUROPE DIGITAL UTILITY MARKET, BY COMPONENT

TABLE 10 EUROPE DIGITAL UTILITY MARKET, BY DEPLOYMENT TYPE

TABLE 11 EUROPE DIGITAL UTILITY MARKET, BY END-USER

TABLE 12 EUROPE DIGITAL UTILITY MARKET, BY REGION

TABLE 13 U.K. DIGITAL UTILITY MARKET, BY COMPONENT

TABLE 14 U.K. DIGITAL UTILITY MARKET, BY DEPLOYMENT TYPE

TABLE 15 U.K. DIGITAL UTILITY MARKET, BY END-USER

TABLE 16 U.K. DIGITAL UTILITY MARKET, BY REGION

TABLE 17 ASIA-PACIFIC DIGITAL UTILITY MARKET, BY COMPONENT

TABLE 18 ASIA-PACIFIC DIGITAL UTILITY MARKET, BY DEPLOYMENT TYPE

TABLE 19 ASIA-PACIFIC DIGITAL UTILITY MARKET, BY END-USER

TABLE 20 ASIA-PACIFIC DIGITAL UTILITY MARKET, BY REGION

TABLE 21 REST OF WORLD DIGITAL UTILITY MARKET, BY COMPONENT

TABLE 22 REST OF WORLD DIGITAL UTILITY MARKET, BY DEPLOYMENT TYPE

TABLE 23 REST OF WORLD DIGITAL UTILITY MARKET, BY END-USER

TABLE 24 REST OF WORLD DIGITAL UTILITY MARKET, BY REGION

Continued…

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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 Ma

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Author: Akash Sangshetti

Akash Sangshetti

Member since: Dec 15, 2017
Published articles: 918

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