Utility And Energy Analytics Market Drivers and Challenges 2018 to 2023

The Utility And Energy Analytics market has been estimated to register a CAGR of 32.71% during the forecast period (2018-2023).

Report elaborates the complete details covering product definition, product type, and application. The report covers useful details which are categorized based on Utility And Energy Analytics production region, major players, and product type which will provide a simplified view of the Utility And Energy Analytics industry. The Utility And Energy Analytics market report presents the competitive scenario of the major market players based on the sales revenue, customer demands, company profile, the business tactics used in Utility And Energy Analytics market which will help the emerging market segments in making vital business decisions.

Global Utility And Energy Analytics Market by Top Manufacturers (2018-2023): Oracle Corporation, Capgemini SE, ABB Corporation, IBM Corporation, CA Technologies, SAS Institute Inc., Siemens AG, Schneider Electric SE, Sap SE, BuildingIQ, and Teradata Corporation, among others.

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Essential points covered in Utility And Energy Analytics Market 2018 Research are:-

• What will the market size and the growth rate be in 2023?
• What are the key factors driving the Utility And Energy Analytics market?
• What are the key market trends impacting the growth of the Utility And Energy Analytics market?
• What are the challenges to market growth?
• Who are the key vendors in the Utility And Energy Analytics market?
• What are the market opportunities and threats faced by the vendors in the Utility And Energy Analytics market?
• What are the key outcomes of the five forces analysis of the Utility And Energy Analytics market?

This independent 103 pages report guarantees you will remain better informed than your competition. With figures examining the Utility And Energy Analytics market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2023.

The scope of the report is limited to solutions offered by major players including providers of software, professional services in meter operation, load forecasting, demand response, demand response, and distribution planning. The study also emphasizes on different types of deployment, such as cloud, on-premise, and hybrid.

Rising Demand for Energy is the Major Market Driver

Global energy needs are expected to grow, with fossil fuels remaining the major source of energy in the forecast period. Developed countries continue to consume large amounts of energy while the demand is increasing in the developing countries. Over 70% of the increased energy demand is from developing countries, led by China and India.  Europe and North America use 70 % of the world energy, although this is only 20% of the world’s population. Oil powered 92% of the vehicles in 2014, but that is expected to fall to between 78% and 60% as electric vehicles are expected to become more popular by 2030. It has been estimated that companies around the world spend around USD 7 billion on big data and analytics. Oil, coal, and gas are collectively expected to account for the majority of global primary energy consumption.

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North America Expected to Hold the Largest Market Share

The demand in North America is mainly driven by a higher focus on innovations through R&D and technology advancement in developed economies, like Canada and the United States, and this growth is also supported by its large consumption of energy. According to the US Energy Information Administration, the total energy consumption is expected to increase by 5% between 2016 and 2040. With such less growth, it is important for companies to efficiently deliver energy and reduce downtime in order to maintain profitability. This drives the market for data analytics in utilities and energy.

 Reasons to Purchase This Report

• Analysis on the rising demand for energy that acts as a driver to the global market scenario
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• Identifying the regions that are expected to witness the fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet (in Excel)

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