Internet of Things helps in connecting various smart devices to ease the operation and sharing of data amongst the peers. There are various smart devices, such as sensors, smartphones, and wearables, which collect data from the devices that can be utilized to enhance customer’s experience. Additionally, the use of e-commerce platform is increasing rapidly owing to the ease of shopping and smartphone penetration in the market, which is likely to boost the market. The data generated from the energy sector is huge and requires a high level of analysis. This gives rise to the integration of the Internet of Things (IoT) in energy sector, thereby propelling the market growth over the forecast period. The increasing energy consumption across the globe is expected to drive data generation thereby, requiring the incorporation of IoT in the industry.
Enhanced Operational Efficiency and Cloud Migration
The adoption of cloud platform is on the rise owing to ease of storage and ability to share with diverse set of people. Furthermore, it offers high security from natural disaster and data loss, which is likely to boost the market growth over the next six years. The downtime in traditional storage can increase owing to hardware maintenance, whereas cloud offers comparatively less downtime, owing to which, it is highly preferred over its counterpart. This is expected to boost the utilization of cloud platform thereby propelling the market growth over the forecast period.
Managed Services to Exhibit the Highest Growth
Managed services are becoming popular owing to companies’ increasing focus on core competencies. Further, the third party companies also offer enhanced data management with regular maintenance, which is likely to boost the market growth over the forecast period. Moreover, the organizations outsource their cloud and other IT services in order to increase the competencies. The companies are increasingly investing in managed IT services owing to rising growing retail industry thereby propelling the market.
Asia-Pacific to Witness the Highest Growth
The rising influx of technology companies coupled with increasing investment in the region is expected to propel the market growth rate. Moreover, the government of various countries in the region are focusing majorly on Internet of Things (IoT) in order to enhance the operations and to develop the nation. This is projected to fuel the market over the next six years. In addition, the disposable income of the consumers in the region is increasing, which is likely to boost the Internet of Things in the energy market. Moreover, the robust demographic and economic growth in the region is expected to drive the demand for energy. This is likely to boost the market over the forecast period.
- March 2018 - IBM showcased its cloud, artificial intelligence, and Watson offering pre-trained conversation in diverse domains including energy & utilities. This is expected to drive consumer growth thereby bringing high influx of revenue.
Reasons to Purchase the Report
- The prospect of the Internet of Things in the energy market and opportunities.
- Analyzing various perspectives of the market with the help of Porter’s Five Forces Analysis.
- Regional analysis of the market.
- Identify the latest developments, market shares, and strategies employed by the major market players.
- 3-month analyst support along with the Market Estimate sheet (in Excel).
This report can be customized to meet your requirements.
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition
1.4 Key Findings of the Study
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Industry Value Chain
4.3.1 Rising Cyber Attacks
4.3.2 Enhanced Operational Efficiency and Cloud Migration
4.4.1 High Risk Associated with Data
4.6 Industry Attractiveness - Porter's Five Forces Analysis
4.6.1 Bargaining Power of Suppliers
4.6.2 Bargaining Power of Consumers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitute Products and Services
4.6.5 Competitive Rivalry
5.1 Satellite Network
5.2 Radio Network
5.3 Cellular Network
6. Market Segmentation
6.1 By Solution
6.1.1 Energy Analytics
6.1.3 Predictive Maintenance
6.2 By Services
6.3 By Application
6.4 By Geography
6.4.1 North America
22.214.171.124 United States
126.96.36.199 Rest of North America
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
220.127.116.11 Rest of Asia-Pacific
6.4.4 Latin America
18.104.22.168 Rest of Latin America
6.4.5 Middle East & Africa
7. Competitive Intelligence - Company Profiles
7.1 Agt International
7.2 Carriots S.L.
7.3 Cisco Systems, Inc.
7.4 Davra Networks
7.5 Flutura Business Solutions LLC
7.7 ILS Technolgy LLC
7.8 Intel Corp.
7.9 Maven Systems Private Limited
7.10 SAP SE
7.11 Symboticware, Inc.
7.12 Wind River Systems, Inc.
*List not Exhaustive
8. Future of the Market
- Agt International
- Carriots S.L.
- Cisco Systems Inc.
- Davra Networks
- Flutura Business Solutions LLC
- ILS Technolgy LLC
- Intel Corp.
- Maven Systems Private Limited
- SAP SE
- Symboticware Inc.
- Wind River Systems Inc.