Utility Management System Market by Smart Water Management (Device, Solution & Services), by Smart Gas Management (Device, Solution & Services), and by Smart Grid Management (Device, Solution & Services) – Global Forecast to 2019
The utilities sector is one of the top industry verticals serving large customer bases. This sector plays a vital role in the socio-economic development of any region. The government is the major stakeholder of the utilities market scenario, while very few private firms serve this market. Increased competition in the utilities sector in recent years has necessitated modifications in regulatory agendas and the proprietorship structures of the organizations involved, in addition to business divergence. However, the utilities sector faces many common challenges, including price volatility, aging infrastructure, stringent regulatory policies, population changes, and a rapidly changing workforce.
Effective utility management system helps the utilities sector to respond to both existing and forthcoming challenges and provision them to serve their customers efficiently. It also helps the utilities sector to enhance the maintenance of their infrastructure and increase performance in critical sections.
ABB, Alcatel-Lucent, CISCO, Elster Group, General Electric, IBM, Itron, Landis+Gyr AG, Oracle, Schneider electric, and Siemens AG are some of the leading vendors offering utility management. Also, some of the private players who cater to the utility management market with their innovative offerings are categorised as the key innovator in the research report.
MarketsandMarkets has segmented the global utility management market by smart water management, smart gas management, smart grid management, and region. The market research report analyzes global adoption trends, future growth potential, key drivers, restraints, opportunities, and best practices in this market.
On the basis of smart water management:
This market is segmented on the basis of smart water management into devices, solutions, and services.
On the basis of smart gas management:
This market is segmented on the basis of smart gas management into devices, solutions, and services.
On the basis of smart grid management:
This market is segmented on the basis of smart grid management into devices, solutions, and services.
On the basis of region:
Regions are classified into North America (NA), Europe, Latin America (LA), Asia-Pacific (APAC), and Middle East and Africa (MEA).
Growth opportunities and latent adjacency in Utility Management System Market