The Global Digital Utility Market was valued at USD 121.54 Billion in 2016 and is expected to grow at a CAGR of 12%, from 2021 to 2027.
Digital utilities are the digital transformation of the utility industry by adopting a digital way of working with business goals that utilities typically reinvent. Typical business goals may include streamlining operations, improving interactions with customers, increasing efficiencies, or hoping to launch new business models. Today’s efforts are taking many forms, such as investments in cloud, big data, mobile, wearables, communications infrastructure, sensors, automation, IT/IoT integration, artificial intelligence, and grid modernization with integrated operations centers.
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Company Profile
Some of the key players influencing the market are ABB Ltd., Accenture PLC, Capgemini SA, Eaton Corporation PLC, and General Electric Company. Also, IBM Corporation, Oracle Corporation, SAP SE, Schneider Electric SE, and Siemens AG are a few other important players in the digital utility market.
Market Segmentation
The following segmentation are covered in this report:
By Network
By Technology
Scope of the Report
The research study analyzes the global Digital Utility industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
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Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Digital Utility Market Report
1. What was the Digital Utility Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of Digital Utility Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Digital Utility Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
• Proliferation and maturation of trade in the global Digital Utility market.
• The market share of the global Digital Utility market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
• Current and future market trends that are influencing the growth opportunities and growth rate of the global Digital Utility market.
• Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Digital Utility market.
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(This release has been published on Global Market Post.
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