Energy Cloud Market Size, Capacity, Trends, Outlook, Research, Analysis, Growth | Industry Report 2021 Market Research Report to It’s a Database.
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The energy cloud market size is expected to grow from USD 5.12billion in 2016 to USD 15.18billion by 2021, at a Compound Annual Growth Rate (CAGR) of 24.3%. The factors driving the growth of the market include the rise in aging infrastructure, need for new, real-time data access, and analytical capabilities among the energy & utilities enterprises.
Reporting and analytics segment is expected to grow at highest rate during the forecast period
The reporting and analytics solution segment is expected to grow at the highest CAGR during the forecast period. The demand for cloud-based reporting and analytics is increasing among the energy and utilities sector, due to the increasing need for improved decision-making, optimizing internal business processes, increasing operational efficiencies, and gaining competitive advantage in the market.
The managed services segment in the energy cloud market is estimated to have the highest growth during the forecast period, as it helps the enterprises to focus on core business functions and provide a competitive edge in the market. These services offer enhanced the customer experience by addressing all queries related to the deployment of applications.
Asia-Pacific is projected to witness the highest growth rate, while North America is expected to hold the largest market share during the forecast period
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Asia-Pacific (APAC) is expected to grow at the highest rate during the forecast period. A surge in growth is anticipated, owing to technological advancements, along with mandatory regulations imposed by government and regulatory entities. North America is expected to hold the largest market share and dominate the energy cloud market during the forecast period. The presence of a large number of enterprises, strong technical skills, and higher adoption of advanced cloud solutions &services are the major factors for the largest share of North America.
In the process of determining and verifying the market size for several segments & subsegments gathered through the secondary research, extensive primary interviews were conducted with key industry personnel. The breakup of profiles of primary discussion participants are given below:
- By Company Type: Tier-1 (16%), Tier-2 (32%), and Tier-3 (52%) companies
- By Designation: C-level (41 %), Director Level (35 %), and Others (24 %)
- By Region: North America (46 %), Europe (30 %), APAC (15 %), and RoW (9 %)
Key Points From Table Of Content:
6 Industry Trends
6.2 Value Chain Analysis
6.3 Demand Overview
6.4 Strategic Benchmarking
15 Company Profiles
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
15.2 Accenture PLC
15.3 IBM Corporation
15.4 HCL Technologies Limited
15.5 SAP SE
15.6 Cisco Systems, Inc.
15.7 Oracle Corporation
15.9 Tata Consultancy Services
15.10 Hewlett Packard Enterprise
15.11 Microsoft Corporation
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