The Global Utility and Energy Analytics Market to Surge at 17.64% of CAGR by 2027 |
Posted: February 28, 2020 |
Triton Market Research presents the Global Utility and Energy Analytics Market report segmented by Deployment (Cloud, On-Premises, Hybrid), by Type (Software, Services), by Application (Meter Operation, Load Forecasting, Demand Response, Distribution Planning, Other Applications), by Geographical Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa), discussing Key Impact Analysis, Porter's Five Force Analysis, Drivers, Restraints, Vendor Scorecard, Global Market Size, Forecasts & Analysis (2019-2027). Request free sample @ https://www.tritonmarketresearch.com/reports/utility-and-energy-analytics-market A Triton Market Research report depicts that the Global Utility and Energy Analytics Market is increasing at a growth rate of 17.64% during the forecast period 2019-2027. The growing consumer focus on energy consumption pattern analysis and the increasing emphasis on renewable energy are the key factors driving the market growth across the globe. The adoption of cloud technology and the development of smart cities & infrastructures are creating market opportunities. However, the high capital required for the deployment is restraining the growth of this market. Moreover, security concerned issues and the lack of industrial expertise are acting as a major challenge to market growth. Asia-Pacific is expected to be the fastest-growing region in the Utility and Energy Analytics Market. The favorable government policies in the developing countries of the region and the growing penetration of digital services in the utility services are some of the factors driving growth. The increasing adoption of advanced metering infrastructures (AMI) in countries like India has increased the demand for utility and energy analytics. Similarly, the deployment of the smart grid and the smart meter in India is expected to instigate the market growth over the coming years. North America is a leading adopter of the utility and energy analytics market and is anticipated to be the largest market with the highest revenue. The strong focus on research and development activities to develop advanced technologies is a major driver in the market growth in this region. The ever-increasing consumption of energy, coupled with the presence of strong companies, helps the region to increase the market rate. Some of the eminent players in this market are Capgemini SE, Oracle, ABB, SAS Institute, Siemens AG, IBM, General Electric Company, SAP SE, Infosys and Wipro Limited. Most of these companies are focused on the research and development activities to develop new & differentiated products and solutions as to lead the market. Brand identity has a huge influence in this market and these reputed companies are considered as good performers. The companies that are engaged in cloud computing and digitization are expected to have the upper hand in the market. Contact us: 196, wards wharf approach, London E16 2EQ +44 7441 911839
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