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Digital utility market to reach US$ 270.24 billion by 2023 according to market forecasts

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Genesis Market Insights prepared a Published Industry Report Global Digital Utility Market. Report consistently helps to increase the business costing for the global clients. The Global Digital Utility Market Report is beneficial to execute marketing strategy and decision making. The Global based research report can produce better results and reduce the business weaknesses.

GLOBAL DIGITAL UTILITY MARKET was valued at USD 134.16 Billion for the year 2017. Digital Utility Market Make an Inquiry about this news is further expected to grow at a CAGR of 12.38% from 2018 to reach USD 270.24 Billion by the year 2023.

North America region holds the highest market share in 2017. While Asia-Pacific region is considered as the fastest growing market in the forecasted period.

The U.S. is the major market in 2017 at country level and China is further anticipated to grow at a steady pace in the next 5 years.

Accenture plc (Ireland), General Electric Company (US), Siemens AG (Germany), SAP SE (Germany) and IBM Corporation (US) are some of the top players in the Digital Utility Market with IBM Corporation holding a substantial market share in 2017. Better global reach at an operational level is the main reason for holding this market share.

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Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.


             Rising demand for renewable power generation ventures


             High Initial Investments


             Asian countries adapting to smart city concepts


             Implementation & adoption of new technology

The segmentation done on the basis of Technology includes Cloud & Software, Hardware, and Services of which the Hardware segment is expected to hold the highest market share during the forecast period.

The segmentation done on the basis of Network include Retail, Transmission & Distribution, and Generation of which the Transmission & Distribution segment is expected to grow at the highest CAGR during the forecasted period.

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Key Benefits for Stakeholders

Digital Utility System service providers

Research and Consulting organization

Government bodies

End-use industries

Regulatory bodies, policymakers, and consumers.

By Network


Transmission & Distribution


By Technology

Cloud & Software



By Region

North America




Key Market Players

Accenture PLC


Capgemini SA

Eaton Corporation PLC

Cisco Systems Inc.

General Electric Company

Schneider Electric SE

Siemens AG

Oracle Corporation


Microsoft Corporation

IBM Corporation

Read Report Overview with Full TOC at…al-Utility-Market Make an Inquiry about this news

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