Digital Utility Market Research Report- Global Forecast 2023

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Global Digital Utility Market, By Component (Hardware, Software, Services), By Deployment Type (On Premises, Cloud, Hybrid), By End-Users (Residential, Commercial, Retail) - Forecast 2023

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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