Market Research Future published a research report on “Digital Utility Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Pune, India - October 16, 2017 /MarketersMedia/ —

Market Synopsis of Digital Utility Market

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”.

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.

Segments:

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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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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Source: MarketersMedia

Release ID: 250796