The Global Energy and Utility Analytics Market is expected to rise at annual rate 16.20% in the forecast period of 2021 to 2028 due to the rise in the usage of smart grids.
On the other hand, implementation of stringent government rules and regulations and issues with the legacy database technologies restricting utility effectiveness are expected to obstruct the market growth in the above mentioned forecast period. The lack of skilled analytical expertise and rise in concerns regarding the data security and privacy are projected to challenge the energy and utility analytics market.
According to Data Bridge Market Research the markets for the energy and utility analytics market is escalating due to the growth in government initiatives for adopting advanced metering infrastructure (AMI) and rise in demand for of analytics with the purpose of discovering insights from the large volumes of data generated across the energy and utilities sector. Additionally, rise in the popularity of the analytics as it assists in demand forecasting and high penetration of internet of things (IoT) positively affect the energy and utility analytics market.
Furthermore, implementation of internet and adoption of IoT devices extend profitable opportunities to the market players.
Now the question is which are the other regions that energy and utility analytics market is targeting? Data Bridge Market Research has estimated Asia-Pacific is expected to witness significant growth in the forecast period of 2021 to 2028 owning to the high usage of energy and utilities analytics solutions in the region.
For more analysis on the energy and utility analytics market, request for a briefing with our analysts, https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-energy-and-utility-analytics-market
The energy and utility analytics market is segmented on the basis of countries into U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
To know more about the study, please click on the below mentioned link, https://www.databridgemarketresearch.com/reports/global-energy-and-utility-analytics-market
Key Market Competitors Covered in the report
Above are the key players covered in the report, to know about more and exhaustive list of energy and utility analytics companies contact, https://www.databridgemarketresearch.com/toc/?dbmr=global-energy-and-utility-analytics-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Energy and Utility Analytics Market – Industry Trends and Forecast to 2028