Energy and Utility Analytics Market by Type (Software and Service), Application (Predictive Maintenance, Load Research & Forecasting, Transmission & Distribution Management), Vertical (Energy, Oil & Gas and Utilities), Deployment - Global Forecast to 2021
[151 Pages Report] The energy and utility analytics market is estimated to grow from USD 1.81 Billion in 2016 to USD 3.41 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 13.5% from 2016 to 2021.
The major growth drivers of the market include dynamic forecasting and load management, operational efficiency and risk mitigation, increasing government initiatives for Advanced Metering Infrastructure (AMI), and predictive analytics for businesses. 2015 is considered to be the base year while the forecast period is 2016 to 2021.
Objectives of the Study:
The main objective of this report is to define, describe, and forecast the global energy and utility analytics market on the basis of types, software, services, applications, deployment models, industry verticals, energy, oil & gas, utilities and regions. The report provides detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). The report aims to strategically analyze micro-markets with respect to individual growth trends, future prospects, and contribution to the total market. The report attempts to forecast the market size with respect to five main regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America. The report strategically profiles key players and comprehensively analyzes their core competencies. This report also tracks and analyzes competitive developments such as joint ventures, mergers and acquisitions, new product developments, and Research & Development (R&D) activities in the energy and utility analytics market.
The research methodology used to estimate and forecast the market begins with capturing data on key vendors revenues through secondary research sources, such as companies websites, Factiva, and Hoovers, among others. Other secondary sources include annual reports, press releases, and investor presentations of companies; white papers and certified publications; and articles from recognized authors, directories, and databases. The vendor offerings are also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global energy and utility analytics market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and sub-segments, which were then verified through primary research by conducting extensive interviews with key people, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and sub-segments. The breakdown of profiles of primary interviews is depicted in the below figure:
To know about the assumptions considered for the study, download the pdf brochure
The energy and utility analytics ecosystem comprises vendors such as IBM Corporation (U.S.), Intel Corporation (U.S.), SAP SE (Germany), Ericsson (Sweden), Cisco Systems, Inc. (U.S.), Eaton Corporation (Ireland), Schneider Electric Company (France), Capgemini (France), Oracle Corporation (U.S.), and TIBCO Software Inc. (U.S.). Major stakeholders of the market include independent software vendors, cloud service providers, business analytics software providers, application design & software developers, system integrators, and IT service providers.
The Target Audiences of the energy and utility analytics market report are given below:
- Independent software vendors
- Cloud service providers
- Business analytics software providers
- Application design and software developers
- System integrators
- IT service providers
Study answers several questions for the stakeholders, primarily which market segments to focus in the next two to five years for prioritizing the efforts and investments.
Scope of the Report
The research report categorizes the energy and utility analytics market to forecast the revenues and analyze the trends in each of the following sub-segments:
By Type
- Software
- Infrastructure
- Risk Analytics
- Asset Optimization Analytics
- Smart Grid Analytics
- Operations
- Financial & Revenue Analytics
- Customer Analytics
- Logistics & Supply Chain Analytics
- Infrastructure
- Services
- Deployment and Integration
- Support and Maintenance
- Managed services
- Consulting services
By Application
- Load Research & Forecasting
- Meter Operation & Optimization
- Transmission & Distribution Management
- Predictive Maintenance
- Workforce Management
- Emergency Response Management
- Others
By Deployment Model
- On-Premises
- Hosted
By Industry Vertical
- Energy, Oil, and Gas
- Natural Gas
- Oil
- Nuclear Power
- Coal
- Renewable Energy
- Utilities
- Electricity
- Water
- Waste and Recycle
By Region
- North America
- Europe
- Middle East and Africa (MEA)
- Asia-Pacific (APAC)
- Latin America
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the companys specific needs. The following customization options are available for the report:
Product Analysis
- Product matrix which gives a detailed comparison of the product portfolio of each company
Geographic Analysis
- Further breakdown of the North American energy and utility analytics market
- Further breakdown of the European market
- Further breakdown of the APAC market
- Further breakdown of the MEA market
- Further breakdown of the Latin American market
Company Information
- Detailed analysis and profiling of additional market players
The energy and utility analytics market size is expected to grow from USD 1.81 Billion in 2016 to USD 3.41 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 13.5% during the forecast period. The major growth drivers of the market include dynamic forecasting and load management, operational efficiency and risk mitigation, increasing government initiatives for Advanced Metering Infrastructure (AMI), and predictive analytics for businesses.
The energy and utility analytics market is segmented by software and service. The services segment is expected to grow at the highest CAGR during the forecast period, out of which energy and utility analytics services in the services segment is projected to witness the highest demand due to the growing need for energy and utility analytics software solutions across organizations.
Energy, oil, and gas holds the largest share of the energy and utility analytics market in 2016. The growth is fueled by the growing need of people to simplify their workload related to security and their increasing dependence on data generated from various devices used in the energy, oil, and gas vertical. Utilities is expected to grow at the highest CAGR during the forecast period due to the increasing need to store and manage data coming from various utilities used across organizations.
Major business applications for which the energy and utility analytics is deployed are load research & forecasting, meter operation & optimization, transmission & distribution management, predictive maintenance, workforce management, emergency response management, and others. The adoption of energy and utility analytics for predictive maintenance is expected to increase significantly in the coming years because of the increasing need to predict when the maintenance of assets needs to be performed to increase field crew efficiency, customer satisfaction, and reliability.
Organizations are fast deploying energy and utility analytics solutions either on their premises or on-demand. The demand for on-demand or cloud-based energy and utility analytics market solutions is increasing due to the cost-effective and time-efficient features; its growth is specifically high in small and medium enterprises where low cost solutions are much required.
The global market has been segmented on the basis of regions into North America, Asia-Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America to provide a region-specific analysis in the report. The North American region, followed by Europe, is expected to continue being the largest revenue generating region for energy and utility analytics vendors for the next five years. This is mainly because in the developed economies of the U.S. and Canada, there is a high focus on innovations obtained from research and development and technology. APAC is expected to be the fastest-growing region in the energy and utility analytics market because of the increasing adoption of IoT and smart technologies and various government initiatives such as smart cities across APAC countries, including China and India.
The energy and utility analytics market faces challenges such as lack of skilled workforce with analytical skills & expertise and privacy concerns & lack of data security. Factors such as lack of integration with legacy architecture, lack of technology skills, and complex analytical process flow are expected to limit the market growth.
Major vendors that offer energy and utility analytics software and services globally are IBM Corporation (U.S.), Intel Corporation (U.S.), SAP SE (Germany), Ericsson (Sweden), Cisco Systems, Inc. (U.S.), Eaton Corporation(Ireland), Schneider Electric Company (France), Capgemini (France), Oracle Corporation (U.S.), and TIBCO Software Inc. (U.S.). These vendors have adopted different types of organic and inorganic growth strategies such as new product launches, partnerships & collaborations, and mergers & acquisitions to expand their offerings in the energy and utility analytics market.
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Table of Contents
1 Introduction (Page No. - 14)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered in the Report
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 17)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary (Page No. - 25)
4 Premium Insights (Page No. - 31)
4.1 Attractive Market Opportunities in the Energy and Utility Analytics Market
4.2 Market: Market Share Across Various Regions
4.3 Market: By Industry Vertical and Region
4.4 Life Cycle Analysis' By Region 2016
5 Market Overview (Page No. - 34)
5.1 Introduction
5.2 Market Evolution
5.3 Market Dynamics
5.3.1 Drivers
5.3.2 Restraints
5.3.3 Opportunities
5.3.3.1 Rising Adoption of Cloud Technology in Energy and Utility Industry
5.3.4 Challenges
6 Industry Trends (Page No. - 41)
6.1 Introduction
6.2 Value Chain Analysis
6.3 Strategic Benchmarking
6.4 Pest Analysis
6.4.1 Political Factors
6.4.2 Economic Factors
6.4.3 Social Factors
6.4.4 Technological Factors
7 Energy and Utility Analytics Market Analysis' By Type (Page No. - 44)
7.1 Introduction
7.2 Software
7.2.1 Infrastructure
7.2.1.1 Risk Analytics
7.2.1.2 Asset Optimization Analytics
7.2.1.3 Smart Grid Analytics
7.2.2 Operations
7.2.2.1 Financial and Revenue Analytics
7.2.2.2 Customer Analytics
7.2.2.3 Logistics and Supply Chain Analytics
7.3 Services
7.3.1 Professional Services
7.3.1.1 Deployment and Integration
7.3.1.2 Support and Maintenance
7.3.1.3 Consulting Services
7.3.2 Managed Services
8 Energy and Utility Analytics Market Analysis' By Application (Page No. - 58)
8.1 Introduction
8.2 Load Research and Forecasting
8.3 Meter Operation and Optimization
8.4 Transmission and Distribution Management
8.5 Predictive Maintenance
8.6 Workforce Management
8.7 Emergency Response Management
8.8 Others
9 Market Analysis' By Deployment Model (Page No. - 65)
9.1 Introduction
9.2 On-Premises
9.3 Hosted
10 Energy and Utility Analytics Market Analysis' By Industry Vertical (Page No. - 69)
10.1 Introduction
10.2 Energy' Oil' and Gas Vertical
10.2.1 Natural Gas
10.2.2 Oil
10.2.3 Nuclear Power
10.2.4 Coal
10.2.5 Renewable Energy
10.3 Utilities Vertical
10.3.1 Electricity
10.3.2 Water
10.3.3 Waste and Recycle
11 Geographic Analysis (Page No. - 80)
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia-Pacific
11.5 Middle East and Africa
11.6 Latin America
12 Competitive Landscape (Page No. - 106)
12.1 Overview
12.2 Competitive Situations and Trends
12.2.1 Partnerships and Collaborations
12.2.2 New Product Launches' Product Developments' and Acquisitions
12.2.3 Acquisitions
13 Company Profiles (Page No. - 113)
(Business Overview' Products & Services' Key Insights' Recent Developments' SWOT Analysis' MnM View)*
13.1 Introduction
13.2 International Business Machines (IBM) Corporation
13.3 Intel Corporation
13.4 SAP SE
13.5 Ericsson
13.6 Cisco Systems' Inc.
13.7 Eaton Corporation
13.8 Schneider Electric Company
13.9 Capgemini
13.10 Oracle Coporation
13.11 Tibco Software' Inc.
*Details on Business Overview' Products & Services' Key Insights' Recent Developments' SWOT Analysis' MnM View Might Not Be Captured in Case of Unlisted Companies.
14 Appendix (Page No. - 143)
14.1 Insights of Industry Experts
14.2 Discussion Guide
14.3 Knowledge Store: Marketsandmarkets Subscription Portal
14.4 Introducing RT : Real-Time Market Intelligence
14.5 Available Customization
14.6 Related Reports
List of Tables (100 Tables)
Table 1 Energy and Utility Analytics Market Size and Growth' 20142021 (USD Billion' Y-O-Y %)
Table 2 Market Size' By Type' 20142021 (USD Million)
Table 3 Market Size' By Software' 20142021 (USD Million)
Table 4 Market Size' By Infrastructure' 20142021 (USD Million)
Table 5 Risk Analytics: Market Size' By Region' 20142021 (USD Million)
Table 6 Asset Optimization Analytics: Market Size' By Region' 20142021 (USD Million)
Table 7 Smart Grid Analytics: Energy and Utility Analytics Market Size' By Region' 20142021 (USD Million)
Table 8 Market Size' By Operations' 20142021 (USD Million)
Table 9 Financial and Revenue Analytics: Market Size' By Region' 20142021 (USD Million)
Table 10 Customer Analytics: Market Size' By Region' 20142021 (USD Million)
Table 11 Logistics and Supply Chain Analytics: Market Size' By Region' 20142021 (USD Million)
Table 12 alytics Market Size' By Service' 20142021 (USD Million)
Table 13 Market Size' By Professional Service' 20142021 (USD Million)
Table 14 Deployment and Integration: Energy and Utility Analytics Market Size' By Region' 20142021 (USD Million)
Table 15 Support and Maintenance: Market Size' By Region' 20142021 (USD Million)
Table 16 Consulting Services:Market Size' By Region' 20142021 (USD Million)
Table 17 Managed Services:Market Size' By Region' 20142021 (USD Million)
Table 18 Market Size' By Application' 20142021 (USD Million)
Table 19 Load Research and Forecasting: Market Size' By Region' 20142021 (USD Million)
Table 20 Meter Operation and Optimization: Energy and Utility Analytics Market Size' By Region' 20142021 (USD Million)
Table 21 Transmission and Distribution Management: Market Size' By Region' 20142021 (USD Million)
Table 22 Predictive Maintenance: Market Size' By Region' 20142021 (USD Million)
Table 23 Workforce Management: Market Size' By Region' 20142021 (USD Million)
Table 24 Emergency Response Management: Market Size' By Region' 20142021 (USD Million)
Table 25 Others: Market Size' By Region' 20142021 (USD Million)
Table 26 Market Size' By Deployment Model' 20142021 (USD Million)
Table 27 On-Premises: Market Size' By Region' 20142021 (USD Million)
Table 28 Hosted: Energy and Utility Analytics Market Size' By Region' 20142021 (USD Million)
Table 29 Market Size' By Industry Vertical' 20142021 (USD Million)
Table 30 Market Size' By Energy' Oil' and Gas Vertical' 20142021 (USD Million)
Table 31 Energy' Oil' and Gas: Market Size' By Region' 20142021 (USD Million)
Table 32 Natural Gas:Market Size' By Region' 20142021 (USD Million)
Table 33 Oil: Market Size' By Region' 20142021 (USD Million)
Table 34 Nuclear Power: Market Size' By Region' 20142021 (USD Million)
Table 35 Coal: Market Size' By Region' 20142021 (USD Million)
Table 36 Renewable Energy: Market Size' By Region' 20142021 (USD Million)
Table 37 Energy and Utility Analytics Market Size' By Utilities Vertical' 20142021 (USD Million)
Table 38 Utilities: Market Size' By Region' 20142021 (USD Million)
Table 39 Electricity: Market Size' By Region' 20142021 (USD Million)
Table 40 Water: Market Size' By Region' 20142021 (USD Million)
Table 41 Utilities: Market Size' By Region' 20142021 (USD Million)
Table 42 Market Size' By Region' 20142021 (USD Million)
Table 43 North America: Energy and Utility Analytics Market Size' By Type' 20142021 (USD Million)
Table 44 North America: Market Size' By Software' 20142021 (USD Million)
Table 45 North America: Market Size' By Infrastructure' 20142021 (USD Million)
Table 46 North America: Market Size' By Operations' 20142021 (USD Million)
Table 47 North America: Market Size' By Service 20142021 (USD Million)
Table 48 North America: Market Size' By Professional Service' 20142021 (USD Million)
Table 49 North America: Market Size' By Deployment Model' 20142021 (USD Million)
Table 50 North America: Market Size' By Industry Vertical' 20142021 (USD Million)
Table 51 North America: Market Size' By Energy' Oil' and Gas Vertical' 20142021 (USD Million)
Table 52 North America: Market Size' By Utilities Vertical' 20142021 (USD Million)
Table 53 North America: Market Size' By Application' 20142021 (USD Million)
Table 54 Europe: Energy and Utility Analytics Market Size' By Type' 20142021 (USD Million)
Table 55 Europe: Market Size' By Software' 20142021 (USD Million)
Table 56 Europe: Market Size' By Infrastructure' 20142021 (USD Million)
Table 57 Europe: lytics Market Size' By Operations' 20142021 (USD Million)
Table 58 Europe: Market Size' By Service' 20142021 (USD Million)
Table 59 Europe: Market Size' By Professional Service' 20142021 (USD Million)
Table 60 Europe: Market Size' By Deployment Model' 20142021 (USD Million)
Table 61 Europe: Market Size' By Industry Vertical' 20142021 (USD Million)
Table 62 Europe: Market Size' By Energy' Oil' and Gas Vertical' 20142021 (USD Million)
Table 63 Europe: Market Size' By Utilities Vertical' 20142021 (USD Million)
Table 64 Europe: Market Size' By Application' 20142021 (USD Million)
Table 65 Asia-Pacific: Energy and Utility Analytics Market Size' By Type' 20142021 (USD Million)
Table 66 Asia-Pacific: Market Size' By Software' 20142021 (USD Million)
Table 67 Asia-Pacific: Market Size' By Infrastructure' 20142021 (USD Million)
Table 68 Asia-Pacific: Market Size' By Operations' 20142021 (USD Million)
Table 69 Asia-Pacific: Market Size' By Service' 20142021 (USD Million)
Table 70 Asia-Pacific: Market Size' By Professional Service' 20142021 (USD Million)
Table 71 Asia-Pacific: Market Size' By Deployment Model' 20142021 (USD Million)
Table 72 Asia-Pacific: Market Size' By Industry Vertical' 20142021 (USD Million)
Table 73 Asia-Pacific: Market Size' By Energy' Oil' and Gas Vertical' 20142021 (USD Million)
Table 74 Asia-Pacific: Market Size' By Utilities Vertical' 20142021 (USD Million)
Table 75 Asia-Pacific: Market Size' By Application' 20142021 (USD Million)
Table 76 Middle East and Africa: Energy and Utility Analytics Market Size' By Type' 20142021 (USD Million)
Table 77 Middle East and Africa: Market Size' By Software' 20142021 (USD Million)
Table 78 Middle East and Africa: Market Size' By Infrastructure' 20142021 (USD Million)
Table 79 Middle East and Africa: Market Size' By Operations' 20142021 (USD Million)
Table 80 Middle East and Africa: Market Size' By Service' 20142021 (USD Million)
Table 81 Middle East and Africa: Market Size' By Professional Service' 20142021 (USD Million)
Table 82 Middle East and Africa: Energy and Utility Analytics Market Size' By Deployment Model' 20142021 (USD Million)
Table 83 Middle East and Africa: Market Size' By Industry Vertical' 20142021 (USD Million)
Table 84 Middle East and Africa: Market Size' By Energy' Oil' and Gas Vertical' 20142021 (USD Million)
Table 85 Middle East and Africa: tis Market Size' By Utilities Vertical' 20142021 (USD Million)
Table 86 Middle East and Africa: Market Size' By Application' 20142021 (USD Million)
Table 87 Latin America: Market Size' By Type' 20142021 (USD Million)
Table 88 Latin America: Market Size' By Software' 20142021 (USD Million)
Table 89 Latin America: Market Size' By Infrastructure' 20142021 (USD Million)
Table 90 Latin America: Market Size' By Operations' 20142021 (USD Million)
Table 91 Latin America: Market Size' By Service' 20142021 (USD Million)
Table 92 Latin America: Market Size' By Professional Service' 20142021 (USD Million)
Table 93 Latin America: Energy and Utility Analytics Market Size' By Deployment Model' 20142021 (USD Million)
Table 94 Latin America: Market Size' By Industry Vertical' 20142021 (USD Million)
Table 95 Latin America: Market Size' By Energy' Oil' and Gas Vertical' 20142021 (USD Million)
Table 96 Latin America: Market Size' By Utilities Vertical' 20142021 (USD Million)
Table 97 Latin America: Market Size' By Application' 20142021 (USD Million)
Table 98 Partnerships and Collaborations' 20152016
Table 99 New Product Launches' Product Developments' and Acquisitions' 20142016
Table 100 Acquisitions' 20152016
List of Figures (52 Figures)
Figure 1 Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Market is Poised to Witness Growth in the Global Market for the Period 20152021
Figure 6 Energy and Utility Analytics Market Snapshot on the Basis of Types (2016 vs 2021)
Figure 7 Market Snapshot on the Basis of Services (20162021)
Figure 8 Market Snapshot on the Basis of Professional Services (20162021)
Figure 9 Market Snapshot on the Basis of Software (20162021)
Figure 10 Market Snapshot on the Basis of Infrastructure Software (20162021)
Figure 11 alytics Market Snapshot on the Basis of Operations Software (20162021)
Figure 12 Market Snapshot on the Basis of Deployment Models (20162021)
Figure 13 Market Snapshot on the Basis of Applications (2016 - 2021)
Figure 14 Lucrative Market Prospects in the Market
Figure 15 North America is Expected to Have the Largest Market Size of the Market in 2016
Figure 16 Oil Vertical is Expected to Have the Largest Market Size in 2016
Figure 17 Asia-Pacific to Enter Exponential Growth Phase During 20162021
Figure 18 Evolution of Energy and Utility Analytics
Figure 19 Market Dynamics: Drivers' Restraints' Opportunities and Threats
Figure 20 Market: Value Chain Analysis
Figure 21 Strategic Benchmarking: Energy and Utility Analytics Market
Figure 22 Services Segment is Expected to Have A High CAGR During the Forecast Period
Figure 23 Operations Software is Expected to Have A High CAGR During the Forecast Period
Figure 24 Smart Grid Analytics is Expected to Have the Highest CAGR During the Forecast Period
Figure 25 Logistics and Supply Chain Analytics is Expected to Have the Highest CAGR During the Forecast Period
Figure 26 Managed Services Segment is Expected to Have A High CAGR During the Forecast Period
Figure 27 Consulting Services is Expected to Have the Highest CAGR During the Forecast Period
Figure 28 Predictive Maintenance is Expected to Have the Highest CAGR During the Forecast Period
Figure 29 Hosted Deployment Model is Expected to Have the Higher CAGR During the Forecast Period
Figure 30 Utilities is Expected to Have A High CAGR During the Forecast Period
Figure 31 Renewable Energy is Expected to Have the Highest CAGR During the Forecast Period
Figure 32 Waste and Recycle is Expected to Have the Highest CAGR During the Forecast Period
Figure 33 Geographic Snapshot: Asia-Pacific is Estimated to Have the Highest CAGR in the Market
Figure 34 North America is Projected to Have the Highest Market Share in the Energy and Utility Analytics Market (2016-2021)
Figure 35 North America Market Snapshot
Figure 36 Asia-Pacific Market Snapshot
Figure 37 Companies Adopted the Strategy of Partnerships and Collaborations as the Key Growth Strategy From 2014 to 2016
Figure 38 Market Evaluation Framework' 2014 - 2016
Figure 39 Battle for Market Share: Partnerships and Collaborations is the Key Strategy
Figure 40 Geographic Revenue Mix of Top Four Market Players
Figure 41 International Business Machines (IBM) Corporation: Company Snapshot
Figure 42 International Business Machines (IBM) Corporation: SWOT Analysis
Figure 43 Intel Corporation: Company Snapshot
Figure 44 Intel Corporation: SWOT Analysis
Figure 45 SAP SE: SWOT Analysis
Figure 46 Ericsson: Company Snapshot
Figure 47 Ericsson: SWOT Analysis
Figure 48 Cisco Systems' Inc.: Company Snapshot
Figure 49 Cisco Systems' Inc.: SWOT Analysis
Figure 50 Eaton Corporation: Company Snapshot
Figure 51 Schneider Electric Company: Company Snapshot
Figure 52 Oracle Corporation: Company Snapshot
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