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Global energy cloud market growing at a CAGR of 25.34%

IT Market Research

Energy Cloud is the technology similar to that of cloud computing. It is defined as the access of networking energy systems using internet based access technologies.


The Global Energy Cloud Market Make an Inquiry about this news accounted for USD 5.32 billion in 2016 growing at a CAGR of 25.34% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

It is widely used for increasing efficiencies in solar, wind and energy systems across consumers. Aging infrastructure and rising grid security concerns may act as a major driver in the growth of energy cloud market. On the other side, stringent regulation and compliance may hinder the market.