IT Intelligence Markets added Most up-to-date research on “Global Energy Cloud Market by Solution (Customer Management, Reporting and Analytics Enterprise Asset Management), Service, Service Model (SaaS, PaaS, and IaaS) – Detailed Analysis Of The Present Market Along With Future Outlook, 2022” to its huge collection of research reports
Pune, India -- (SBWIRE) -- 07/23/2018 -- Global Energy Cloud Market Report 2022." Energy cloud is a promising concept that has been acquired from the cloud computing which confronts the conventional hub-and-spoke grid architecture with a wide range of environmental, regulatory, technical, and commercial changes. The stable increase in the distributed energy resources (DER) capacity and regular broadening of the smart grid infrastructure expects to be the significant trends that will propel the shift to the responsive, transparent, and dynamic energy cloud landscape. Energy cloud development is considered as a good opportunity for both the customers and vendors.
The growth of the energy cloud industry is driven by factors such as government regulations and increased end-user involvement in generation, distribution, buying and selling of electricity. In addition, the aging infrastructure and need to access real-time data by energy utilities are also driving the market growth. The discussions between government and utilities to reduce the carbon emissions have been on the rise, which is further impacting the market positively.
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Energy cloud market size is expected to grow from USD +5 Billion in 2016 to USD +14 Billion by 2021, at an estimated Compound Annual Growth Rate (CAGR) of +23%.
Key Players Like: PLC (Chicago, Illinois, U.S.), IBM Corporation (New York, U.S.), HCL Technologies (Noida, India), SAP SE ( Walldorf, Germany), Cisco Systems, Inc. ( California, U.S.), Oracle Corporation (California, U.S.), Capgemini (Paris, France), TCS (Mumbai, India), HPE (California, U.S.), Microsoft Corporation (Washington, U.S.), and Brillio (California, U.S.)
North America is expected to hold the largest market share and dominate the energy cloud market during the forecast period. Reduced Capital Expenditure (CAPEX) spending, low Information Technology (IT) management complexity, and improved agility & security are some of the major driving factors contributing to the growth of cloud computing for the energy sector in North America.
Moreover, customers nowadays have become more aware and are involving themselves in understanding the nature of energy used by them, amount of energy consumed and the amount of bills paid. Therefore, the need for enterprises to maintain a healthy customer relationship to increase customer base are propelling the demand for energy cloud market.
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Table of Content:
Chapter 1 Industry Overview of Energy Cloud
Chapter 2 Manufacturing Cost Structure Analysis of Energy Cloud
Chapter 3 Technical Data and Manufacturing Plants Analysis of Energy Cloud
Chapter 4 Global Energy Cloud Overall Market Overview
Chapter 5 Energy Cloud Regional Market Analysis
Chapter 6 Major Manufacturers Analysis of Energy Cloud
Chapter 7 Development Trend of Analysis of Energy Cloud Market
Chapter 8 Energy Cloud Marketing Type Analysis
Chapter 9 Conclusion of the Global Energy Cloud Market Professional Survey Report 2018
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