PUBLISHER: Allied Market Research | PRODUCT CODE: 1140192
PUBLISHER: Allied Market Research | PRODUCT CODE: 1140192
Big data analytics in energy market plays a crucial role in reducing energy consumption and improving energy efficiency. In addition, the use of fossil fuel augments the demand for clean energy sources such as solar, wind, and tidal energy, which helps to increase the power consumption, so that it becomes essential to use big data analytics tool to understand the consumption and nature of power.
Increase in importance of effective forecasting, prioritization of power generation strategy, and surge in digital channel investments to improve customer processes, experience, & perceived value boost the growth of the global big data analytics in energy market. In addition, growth in need for operational efficiency and risk mitigation in the energy sector positively impacts the growth of the market. However, factors such as technological and analytical skill gaps in workforce and stringent government rules & regulations are expected to hamper the market growth. On the contrary, rise in internet penetration and adoption of IoT devices are expected to offer remunerative opportunities for the expansion of the market during the forecast period.
The big data analytics in energy market is segmented on the basis of component, enterprise size, application, industry vertical, and region. On the basis of component, the market is categorized into solutions and service. On the basis of enterprise size, the market is bifurcated into large enterprises and SMEs. On the basis of application, the market is classified into workforce analytics, supply chain & logistics analytics, customer analytics, pricing analytics, asset analytics, and others. On the basis of industry vertical, it is classified into energy and utilities. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players that operate in the big data analytics in energy market are Accenture, ALTERYX, INC., Dell Technology, Energyly, Enview., Google LLC., HEWLETT PACKARD ENTERPRISE, Infosys Limited, IBM Corporation, Intel Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Siemens AG, SAS Institute Inc, Teradata, and TIBCO Software Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key Benefits For Stakeholders
Key Market Segments
By Offering
By Application
By End-user
By Enterprise Size
By Region