The global Internet of Things (IoT) in utility market size is expected to grow from $28.6 billion in 2019 to $53.8 billion in 2024 with an average annual growth rate (CAGR) of 13% over the forecast period. The emergence of IoT in the utility sector is expected to help reduce and advance the challenges facing the utility sector. Applying IoT to utilities improves efficiency, generates revenue, and conserves corporate resources. IoT sensors optimize the generation and distribution of energy and water resources, helping utility providers respond to growing consumer demand for utilities such as water, gas and electricity. Additionally, IoT sensors can improve workplace safety for oil and gas workers.
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A full report of IoT in Utilities Market available at: https://www.orionmarketreports.com/iot-utilities-market/23739/
IoT in Utilities Market Segments:
By Component:
• Platform
• Solutions
• Services
By Solution:
• Asset Monitoring Management
• Safety and Security
• Supervisiory Control and Data Acquisition (SCADA)
• Workforce Management
• Network Management
• Customer Information System (CIS) and Billing System
By Service:
• Consulting
• Integration and Deployment
• Support and Maintenance
By Application:
• Water and Wastewater Management
• Utility Gas Management
• Electricity Grid Management
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(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
