DUBLIN, October 3, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Energy and Utility Analytics Market by Type, Application, Vertical and by Deployment - Global Forecast to 2021" report to their offering.
The energy and utility analytics market size is expected 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% during the forecast period
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.
The energy and utility analytics market is segmented by software and service. The services segment is expected to grow at the highest CAGR during the forecast period, out of which energy and utility analytics services in the services segment is projected to witness the highest demand due to the growing need for energy and utility analytics software solutions across organizations.
Energy, oil, and gas holds the largest share of the energy and utility analytics market in 2016. The growth is fueled by the growing need of people to simplify their workload related to security and their increasing dependence on data generated from various devices used in the energy, oil, and gas vertical. Utilities is expected to grow at the highest CAGR during the forecast period due to the increasing need to store and manage data coming from various utilities used across organizations.
Major business applications for which the energy and utility analytics is deployed are load research & forecasting, meter operation & optimization, transmission & distribution management, predictive maintenance, workforce management, emergency response management, and others. The adoption of energy and utility analytics for predictive maintenance is expected to increase significantly in the coming years because of the increasing need to predict when the maintenance of assets needs to be performed to increase field crew efficiency, customer satisfaction, and reliability.
The energy and utility analytics ecosystem comprises the following major vendors:
- Cisco Systems' Inc.
- Eaton Corporation
- Intel Corporation
- International Business Machines (IBM) Corporation
- Oracle Coporation
- SAP SE
- Schneider Electric Company
- Tibco Software Inc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Energy and Utility Analytics Market Analysis By Type
8 Energy and Utility Analytics Market Analysis By Application
9 Energy and Utility Analytics Market Analysis By Deployment Model
10 Energy and Utility Analytics Market Analysis By Industry Vertical
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/g4z9lr/energy_and
Research and Markets
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SOURCE Research and Markets