Digital Utility Market

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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