The energy and utility analytics market is estimated to grow from USD 1.81 Billion in 2016 to USD 3.41 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 13.5% from 2016 to 2021. The major growth drivers of the market include dynamic forecasting and load management, operational efficiency and risk mitigation, increasing government initiatives for Advanced Metering Infrastructure (AMI), and predictive analytics for businesses. 2015 is considered to be the base year while the forecast period is 2016 to 2021.
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Objectives of the Study:
The main objective of this report is to define, describe, and forecast the global energy and utility analytics market on the basis of types, software, services, applications, deployment models, industry verticals, energy, oil & gas, utilities and regions. The report provides detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). The report aims to strategically analyze micro-markets with respect to individual growth trends, future prospects, and contribution to the total market. The report attempts to forecast the market size with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America. The report strategically profiles key players and comprehensively analyzes their core competencies. This report also tracks and analyzes competitive developments such as joint ventures, mergers and acquisitions, new product developments, and Research & Development (R&D) activities in the energy and utility analytics market.
The research methodology used to estimate and forecast the energy and utility analytics market begins with capturing data on key vendors’ revenues through secondary research sources, such as companies’ websites, Factiva, and Hoovers, among others. Other secondary sources include annual reports, press releases, and investor presentations of companies; white papers and certified publications; and articles from recognized authors, directories, and databases. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global energy and utility analytics market from the revenue of the key players in the market.
The energy and utility analytics ecosystem comprises vendors such as IBM Corporation (U.S.), Intel Corporation (U.S.), SAP SE (Germany), Ericsson (Sweden), Cisco Systems, Inc. (U.S.), Eaton Corporation (Ireland), Schneider Electric Company (France), Capgemini (France), Oracle Corporation (U.S.), and TIBCO Software Inc. (U.S.). Major stakeholders of the energy and utility analytics market include independent software vendors, cloud service providers, business analytics software providers, application design & software developers, system integrators, and IT service providers.
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The Target Audiences of the energy and utility analytics market report are given below:
- Independent software vendors
- Cloud service providers
- Business analytics software providers
- Application design and software developers
- System integrators
- IT service providers
“Study answers several questions for the stakeholders, primarily which market segments to focus in the next two to five years for prioritizing the efforts and investments.”
Scope of the Report
The research report categorizes the energy and utility analytics market to forecast the revenues and analyze the trends in each of the following sub-segments:
- Risk Analytics
- Asset Optimization Analytics
- Smart Grid Analytics
- Financial & Revenue Analytics
- Customer Analytics
- Logistics & Supply Chain Analytics
- Deployment and Integration
- Support and Maintenance
- Managed services
- Consulting services
- Load Research & Forecasting
- Meter Operation & Optimization
- Transmission & Distribution Management
- Predictive Maintenance
- Workforce Management
- Emergency Response Management
By Deployment Model
By Industry Vertical
- Energy, Oil, and Gas
- Natural Gas
- Nuclear Power
- Renewable Energy
- Waste and Recycle
- North America
- Middle East and Africa (MEA)
- Asia-Pacific (APAC)
- Latin America
With the given market data, Publisher offers customizations as per the company’s specific needs. The following customization options are available for the report:
- Product matrix which gives a detailed comparison of the product portfolio of each company
- Further breakdown of the North American energy and utility analytics market
- Further breakdown of the European market
- Further breakdown of the APAC market
- Further breakdown of the MEA market
- Further breakdown of the Latin American market
- Detailed analysis and profiling of additional market players
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