Houston, TX -- (SBWIRE) -- 03/26/2019 -- Technical developments are important for the digitization of industries, mainly the power industry. The power industry is increasingly identifying the importance of digital technologies, which is expected to expand the market during the forecast period. Businesses have recognized the returns of digitalization and are now concentrating on two important aspects: customer guarantee and advancement of efficiency. Among the many standards across various industries for digital consumer experience, mobility is crucial. For instance, in the banking industry, mobile banking has changed the customer experience.

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This report studies the global Digital Utility market analyzes and researches the Digital Utility development status and forecast in the United States, EU, Japan, China, India, and Southeast Asia. This report focuses on the top players in the global market, like ABB Ltd., Accenture PLC, Capgemini SA, Cisco Systems Inc., Eaton Corporation PLC, General Electric Company, International Business Machine Corporation, Mircosoft Corporation, Oracle Corporation, SAP SE, Schneider Electric SE, and Siemens AG

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The increasing number of renewable power generation projects and energy efficiency mandates are key factors expected to drive the digital utility market. Furthermore, smart meters provide energy suppliers with the exact details of each customer's generation and consumption of power. Many utilities offer solutions for networked energy management that comprise remote control of buildings. Utilities can use statistics from smart meters to apprehend requirements of additional applications in new business areas, alone or with partners.

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For technical data and manufacturing plants analysis, the report analyzes the global digital utility market leading suppliers on capacity, manufacturing plants distribution, R&D status, technology sources, and. The important aspects like development trends, capacity production overview, demand overview, and supply-demand are been included in the research report. Each market segment is then evaluated considering its contribution in terms of volume produced and the revenue it generates (in US$). The past price and future price of Forecast 2022 are analyzed according to the supply-demand relation, as well as perspectives and forecasts.

Market segment by Type, Digital Utility can be split into
Hardware
Integrated Solutions
Cloud and Software
Services

Market segment by Application, Digital Utility can be split into
Generation
Transmission
Retail
smart meters

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In terms of deployment, the digital utility market can be classified into on-premise, hybrid, and cloud. The cloud segment is projected to expand at a considerable CAGR due to the increasing use of cloud-based applications. The hardware segment is anticipated to dominate the market during the forecast period as hardware is majorly used in equipment such as smart transformers and smart meters. Based on the network, the digital utility market can be classified into generation, retail, transmission, and distribution. The transmission and distribution segment is anticipated to hold the largest market share during the forecast period due to the rise in the monitoring and management of electric transmission and distribution systems. In addition, the retail segment is anticipated to expand at the highest growth rate due to the fact that with the help of customer data analytics, energy suppliers can increase cross-selling and up-selling. Based on industry, the digital utility market can be classified into banking, financial services, and institutions, retail, power and utility, healthcare and others

Market segment by Regions/Countries, this report covers
United States
EU
Japan
China
India
Southeast Asia

From a geographical perspective, the global digital utility market can be classified as North America, South America, Asia Pacific, Europe and the Middle East and Africa. The North American digital utility market is expected to grow at significant growth rates during the forecast period. This is due to upgrades to existing infrastructure and increased demand for electricity in the region. However, the Asia Pacific region is expected to be a profitable digital utility market. This is because of the increased network connectivity, rapid technological advancement and high adoption of digital services.

In conclusion, the customer experience digital utility market report divulges research discoveries, results, conclusions. Likewise, reveals different information sources, traders/distributors, suppliers, manufacturers, sales channel, and addendum. In a word, the complete report is a worthwhile document for people interested in the market.

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Table of Contents:
Global Digital Utility Market Research Report 2022
Chapter 1 Global Digital Utility Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Digital Utility Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Digital Utility Market Forecast