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.
A full report of Digital Utility Market available at: https://www.orionmarketreports.com/digital-utility-market/57804/
Key Players
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.
Digital Utility Market- Segmentation
By Network
• Generation
• Transmission and Distribution
• Retail
By Technology
• Hardware
• Integrated Solutions
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
