Market Research Report
Big Data in Global Energy and Utility Market 2021
|Published by||NAVADHI Market Research Pvt Ltd||Product code||637090|
|Published||Content info||90 Pages
Delivery time: 1-2 business days
|Big Data in Global Energy and Utility Market 2021|
|Published: May 4, 2018||Content info: 90 Pages||
Consumer perceptions of the utility and energy industry have been redefined by depleting non-renewable resources and global warming. With the advent of smart grid systems and big data in energy and utilities infrastructure amassing huge chunks of operational and consumption data and the vast untapped potentials of advanced analytics tools and techniques such as the big data platform and cloud computing, the energy and utility industry is set for an evolution rather than revolution.
The use of big data analytics for the energy and utility industry will help resolve problems like faster detection of outages and localizing them, improved information flow to customers through traditional means as well as through mobile and social media channels, rapid decision making at the operations centers to limit outages, faster dispatch of crews that leads to short outage times, etc.
The Global Big Data Market for the energy and utility industry is valued at USD XX Billion in 2016 and is expected to grow at a CAGR of 7.88% to reach XX Billion USD in 2021. Upcoming ‘Smart City' projects in many countries, rising prominence of IoT and updating of old grid infrastructure are the key factors driving the market growth. However huge deployment cost and delayed rollout from government side are some of the factors hampering the market.