Energy and Utility Analytics Market Research Report: by Component (Solution and Service), by Deployment (On-Cloud, On-Premise and Hybrid), by Application (Predictive Maintenance, Energy/Load Forecasting, Revenue Assurance, Energy Distribution and Transmis

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The energy and utility analytics market is expected to grow from USD 1.98 billion in 2018 to USD 5.32 Billion by 2024, at a CAGR of 16.6% during the forecast period.

The smart revolution currently has a disruptive impact on the industry. Also, the volume, type, and complexity of data are increasing at a high rate. In order to thrive in this highly competitive and regulated environment, the energy and utilities industry leverage analytical capabilities to address these challenges. The analytical solutions provide real-time analysis of all the processes across energy and utility industries such as asset management, smart grid management, customer analytics, logistics and supply chain analytics, and risk analytics, which helps in enhancing and optimizing the operational performance and help in decision making.


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