Smart Utilities Management Market - Industry Size, Share, Growth & Forecast 2028 | UnivDatos

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The global smart utilities management market is expected to register a CAGR of around 18% over the period of 2021-2027.

Smart Utilities is a type of company that operates in the power, gas, and water sectors, among others, and installs sensors on the network to provide services more efficiently and analyze the business. It leverages the Internet of Things (IoT) technology for connected devices and uses the latest digital technologies for business communications, software, computing, and mapping. The smart utilities management market is growing at an influential rate and is anticipated to grow at a significant CAGR during the forecast period. Factors such as the arrival of smart cities and smart grids, increasing usage of innovative solutions such as smart meters and growing investments in digital infrastructure and smart grids are positively influencing the smart utilities management market.

According to UnivDatos Market Insights (UMI)’ research report “global smart utilities management market”, the market is expected to witness a growth of around 18% during the forecast period (2021-2027). This is mainly due to the arrival of smart cities and smart grids and the increasing usage of innovative solutions such as smart meters.

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Based on type, the market is categorized into meter data management, energy monitoring, smart distribution management, and others. Among these, the meter data management segment accounted for a significant share of the smart utilities management market in 2020 and is expected to witness robust growth during the forecast period mainly due to the need to handle a huge amount of raw data and perform long-term data storage and management for the vast quantities of data delivered by smart metering systems.

Based on application, the market is classified into power industry, water supply, transportation, communication, and others. Among these categories, the communication segment held a commendable share of the smart utilities management market in 2020 and is expected to witness substantial CAGR during the forecast period. The growth of this segment can be attributed to the growing communication industry along with the increasing use of smart utilities management in the information and communication technology industry.

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APAC to witness substantial growth

APAC accounted for a significant share of the global smart utilities management market and is expected to grow at a steady growth rate during the forecast period. This can be attributed to the rising number of large, medium, and small enterprises and the growing demand for smart utilities among enterprises in the region. In addition, the growing electronics industry is another factor contributing to the smart utilities management market in the region. For instance, according to the Indian Brand Equity Foundation (IBEF) electronics industry in India has grown the domestic production of electronics from US$ 29 billion in 2014-15 to US$ 67 billion in 2020-21.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global smart utilities management market are International Business Machines Corporation, Atos SE, Honeywell International Inc., ABB Ltd., Cisco Systems Inc., Uplight Inc., Itron Inc., GE Group, Schneider Electric SE, and Vodafone Group Plc along with partnerships have been undertaken by these players to boost their presence in different regions.

“Global Smart Utilities Management Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.

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Market Segmentation:

1. By Type (Meter Data Management, Energy Monitoring, Smart Distribution Management, and Others)

2. By Application (Power Industry, Water Supply, Transportation, Communication, and Others)

3. By Region (North America (US, Canada, Rest of North America), Europe (Germany, France, Spain, UK, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific), and Rest of World)

4. By Company (International Business Machines Corporation, Atos SE, Honeywell International Inc., ABB Ltd., Cisco Systems Inc., Uplight Inc., Itron Inc., GE Group, Schneider Electric SE, and Vodafone Group Plc)

Key questions answered in the study:

1. What are the current and future trends of the global smart utilities management industry?

2. How the industry has been evolving in terms of type and application?

3. How the competition has been shaping across the countries followed by their comparative factorial indexing?

4. What are the key growth drivers and challenges for the global smart utilities management industry?

5. What is the customer orientation, purchase behavior, and expectations from the global smart utilities management solution providers across various region and countries?

Table of Content –

1. MARKET INTRODUCTION

2. RESEARCH METHODOLOGY OR ASSUMPTION

3. MARKET SYNOPSIS

4. EXECUTIVE SUMMARY

5. SMART UTILITIES MANAGEMENT MARKET COVID-19 IMPACT

6. SMART UTILITIES MANAGEMENT MARKET REVENUE (USD BN), 2019-2027F

7. MARKET INSIGHTS BY TYPE

8. MARKET INSIGHTS BY APPLICATION

9. MARKET INSIGHTS BY COUNTRY

10. SMART UTILITIES MANAGEMENT MARKET DYNAMICS

11. SMART UTILITIES MANAGEMENT MARKET OPPORTUNITIES