Energyworx Recognizes MarketsandMarkets as Key Reference for Market Trends in IoT in Utility Market
IoT is making its presence felt not only in the computing world but it is also penetrating into various sectors like utility, manufacturing, energy & power, and healthcare, among others. Implementation of IoT in the utility sector will ensure operational and cost efficiency, reliability, and safety. The global IoT in Utility market is set to foresee a significant growth with over 20% CAGR, reaching $11.73 Billion by the end of 2020. The major reasons behind this transformation is the growing need for improved customer experience, reducing costs of IoT components, emerging cloud platform, and rising need for better connectivity coupled with increasing usage of smartphones. Moreover, leading utility companies are actively investing in IoT for transforming their business practices.
For More Details:
http://www.energyworx.com/energyworx-identified-as-key-innovator-in-the-utility-iot-market/
Report mentioned in the above news is,
Internet of Things (IoT) in Utility Market by Software (Analytics, Security, Smart Grid Management, Predictive Asset Maintenance, and CIS & Billing System), Platform, Service, Application, and by Region - Global Forecast to 2020
Press Release:
Internet of Things (IoT) in Utility Market worth 11.73 Billion USD by 2020
GET AHEAD
Top Research Reports to Fuel Your Industry KnowledgeEditor's Pick
Information and Communication Technology
Insurtech Funding News - Coverdash raises USD 13.5 MillionPODCASTS
Sustainable Digital Transformation & Industry 4.0
Sanjay Kaul, President-Asia Pacific & Japan, Cisco, and host Aashish Mehra, Chief Research Officer, MarketsandMarkets, in conversation on unraveling 'Sustainable Digital Transformation and Industry 4.0'
11 July 2023|S2E12|Listen Now
Generative AI
Prasad Joshi, Senior Vice President-Emerging Technology Solutions, Infosys, and host, Vinod Chikkareddy, CCO, MarketsandMarkets, in exploring the recent advances in AI and the generative AI space.
7 Nov 2023|S2E13|Listen Now
Download Whitepaper