According to new market research report "Energy Cloud Market by Solution
(Customer Management, Reporting and Analytics Enterprise Asset Management),
Service, Service Model (SaaS, PaaS, and IaaS), Deployment Model, Organization
Size, and Region - Global Forecast to 2021", The energy cloud
market size is expected to grow from USD 5.12 Billion in 2016 to USD 15.18
Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 24.3% during the
forecast period.
Browse and
in-depth TOC on “Energy Cloud Market”
65
- Tables
55
- Figures
145
- Pages
"Energy
Cloud Market by Solution (Customer Management, Reporting and Analytics
Enterprise Asset Management), Service, Service Model (SaaS, PaaS, and IaaS), Deployment
Model, Organization Size, and Region - Global Forecast to 2021"
The major drivers of this market include the need
for Customer Relationship Management (CRM), aging infrastructure, and rising
grid security concerns. The cloud-based energy solution helps control the risk
and cost associated with the infrastructure.
The Enterprise Asset Management solution is
estimated to dominate the energy cloud market share during the forecast period
Enterprise asset management is estimated to have the
largest market share in the energy cloud market during the forecast period. The
solution enables enterprises to track and manage assets to improve productivity
& returns on asset investments. Energy cloud players provide asset
management, which helps in clear visibility and control over critical assets
that affect the risk & compliance.
Professional services segment is expected to capture
the highest market share during the forecast period
The professional services segment of the energy
cloud market is
estimated to have the highest market share during the forecast period, as the
professional services help lower risks, reduce complexity, and improve the
return on investment for the energy and utilities enterprises. The services can
be tailored according to the business requirements of enterprises & enable
planning, designing, implementing, and managing systems & applications.
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North America is leading in terms of market share in
the energy cloud market space
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.
The major players in the energy cloud market include
Accenture 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.).
Opportunities
Big Data Analytics
Smart Energy Management and
Internet of Things
Challenges
Increasing Amount of Cyberattacks
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Mr. Rohan
Markets and Markets
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Magarpatta city, Hadapsar
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1-888-600-6441
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Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
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