IoT Utilities Market to witness double-digit CAGR from 2017 to 2024 - PowerPoint PPT Presentation

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IoT Utilities Market to witness double-digit CAGR from 2017 to 2024

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More Information @ The increasing need to enhance the operational efficiency in the utility sector is expected to boost the IoT utilities market growth. Increasing concerns to make the most effective use of energy in order to reduce the ever-increasing energy need contributes to the growth. – PowerPoint PPT presentation

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Title: IoT Utilities Market to witness double-digit CAGR from 2017 to 2024


1
IoT Utilities Market to cross 15 Bn by 2024
Global Market Insights, Inc.
2
Key Insights from IoT Utilities Market
  • Players operating in the IoT Utilities Market
    include Microsoft Corporation, Intel Corporation,
    Cisco Systems Inc., IBM Corporation and Huawei
    Technologies Co. Ltd. General Electric, Trilliant
    Inc., Osisoft LLC and Honeywell International
    Inc. are among the other prominent industry
    players
  • The increasing need to enhance the operational
    efficiency in the utility sector is expected to
    boost the IoT utilities market growth. Increasing
    concerns to make the most effective use of energy
    in order to reduce the ever-increasing energy
    need contributes to the growth.
  • The potential of IoT in the utility sector is
    huge owing to the benefits provided by these
    solutions such as gaining real-time visibility
    into every process in the facility.

3
Continued...
  • The differentiating factor of IoT Utilities
    Market report by Global Market Insights, Inc.
    when compared with other, similar syndicated
    research studies includes a 360-degree synopsis
    of trends for a period of more than 10 years
    including historic information as well as future
    outlook.
  • Government initiatives for implement smart grid
    in countries such as India and China is expected
    to propel the IoT utilities market growth. The
    smart grid initiatives by Indian MNCs such as
    Crompton Greaves, North Delhi Power Limited lies
    lucrative growth opportunities.
  • Smart grids can transform an electric power grid
    using IoT by integrating the devices, processes
    and the energy infrastructure into a more
    connected and collaborative process. It enables
    the generated energy to get distributed and
    consumed in a more efficient and timely manner
    resulting in enhanced reliability and security to
    the users.

4

Latest Research Report On IoT Utilities Market _at_
https//www.gminsights.com/industry-analysis/iot
-utilities-market Request for a sample of this
research report _at_ https//www.gminsights.com/requ
est-sample/detail/2099
5
UK IoT utilities market, by application, 2016
2024 (USD Million)

6
Major Companies in IoT Utilities Market
  • Microsoft Corporation
  • Intel Corporation
  • Cisco Systems Inc.
  • IBM Corporation
  • Huawei Technologies Co. Ltd.
  • General Electric
  • Trilliant Inc.
  • Osisoft LLC
  • Honeywell International Inc.

7
Industry Coverage

8
Regional Insights in IoT Utilities Market
  • Asia Pacific IoT utilities market is expected to
    witness huge adoption owing to the rising demand
    for smart metering solutions and efforts to
    promote smart buildings cities. The potential
    of smart meters to significantly reduce cost by
    improved outage management easier payments and
    enhanced customer service are enabling huge
    growth opportunities in the region. Moreover, the
    rising use cases coupled with the presence of
    large number of gas electricity production
    facilities and heavy investments to improve the
    energy infrastructure in the region is fueling
    the IoT utilities market growth.
  • Increased demand for smart solutions in the
    energy sector in the U.S. will continue to bring
    demand for advanced solutions driving the growth.
    Moreover, advanced infrastructure of the country
    is increasing the demand for cloud solutions,
    which will further fuel consumption.

9
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