The global market for energy and utilities analytics is projected to have considerable CAGR of 16.5% during the forecast period. The major factors that propels the energy and utilities analytics market include growing deployment of smart meters across the globe coupled with growing analytics solution in energy and utilities sectors. Governments across the globe including North American, European as well as Asia-Pacific countries are taking every possible step to install smart meters in every utilities industry such as gas water and electric. For instance, the US government is taking immense steps to install every household and industry with smart meters according to the US Energy Information Administration. Moreover, increasing deployment of advanced metering infrastructure for the two way communication between service provider and consumers for better customers experience further propels the market growth during the forecast period. Moreover, deployment of AI and IoT in energy management further provide substantial opportunity to the market.
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The global energy and utilities analytics market is segmented based on deployment type and industry. Based on the deployment type, the market is further classified into cloud-based and on-premises. The cloud based segment is projected to grow at a significant CAGR during the forecast period. The energy and utilities sector are adopting cloud based analytics software due to cost effectiveness and scalability benefits. On the basis of industry the market is further segregated into energy and utilities.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Energy and Utilities Analytics Market by Deployment Type
- Cloud Based
- On-Premises
Global Energy and Utilities Analytics Market by Industry
- Energy
- Utilities
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Amazon Web Services, Inc.
- Atos SE
- Alteryx, Inc.
- Cisco Systems, Inc.
- Eaton Corp.
- General Electric Co.
- Google LLC
- IBM Corp.
- Intel Corp.
- Microsoft Corp.
- MicroStrategy Inc.
- Oracle Corp.
- Open Text Corp.
- SAP SE
- SAS Institute Inc.
- com, inc.
- Schneider Electric SE
- Siemens AG
- Teradata Operations, Inc.
- TIBCO Software Inc.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global energy and utilities analytics market. Based on the availability of data, information related to pipeline deployments, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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