Big Data Market in Energy & Utility Introduction
Big data describes the exponential increase in the complexity and volume of data under management. Within energy and utility sector, it is directly associated to critical changes in the operations or business models. The drive towards decentralized operations, energy efficiency, and decarbonization are responsible for swelling of data volumes across the energy and utility value chain. Events occurring in the energy and utility sector are completely data-driven. The proper harnessing of data volume can enable the end-users to transform their operations and seize competitive advantages.
To sustain growth energy and utility companies are focused towards prioritizing several imperatives such as improving generation performance, transforming utility network, and enhancing operational excellence. This is anticipated to influence energy and utility companies to deploy advanced big data solutions. This, in turn, is projected to accelerate the growth of big data market in energy and utility sector during the forecast period.
The big data market in energy & utility has been bifurcated into various segments to track market performance from various perspective. Major segments analyzed are offering, service, and software. Based on offering the big data market in energy & utility is segmented into software (application software, discovery and analytics software, and information management software), services (implementation & integration, repair & maintenance, consulting, outsourcing, and other support services), and infrastructure (storage, server, cloud infrastructure, and networking).
The global big data market in energy & utility sector has been analyzed at a regional level. Key regions covered in this report are North America, Western Europe, Asia Pacific, Latin America, Eastern Europe, and Middle East and Africa. Worldwide, energy and utility companies are inclined towards investing in big data technology to fuel new operating models, reinvigorate their businesses, and discover performance improvement and innovation opportunities.
Big Data Market in Energy & Utility Competitive Landscape
At present, dig data solutions and services are increasingly gaining popularity and becoming core strategic initiatives in the energy and utility sector. Key players analyzed in the big data market in energy & utility are Oracle Corporation, IBM Corporation, Capgemini SE, Hewlett Packard Enterprise, Microsoft Corporation, Teradata Corporation, Tata Consultancy Services Ltd., TIBCO Software Inc., and SAP SE.
Major Regions/Countries include:
- North America
- Western Europe
- United Kingdom
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific (APAC)
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- North Africa
- South Africa
- Rest of MEA
This research report on big data market in energy and utility would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.