The study reveals that digital utility is trending in North America region. The digital utility
market demand is growing very rapidly as it is providing platform solution for implementing
energy efficiency, optimizing business process management and real time analytics that
enhances the field services through integration of all IT services and others. The adoption of
advanced digital technology in utility are widely used in U.S. The technology includes big
data analytics, digital marketing, Internet of Things (IoT), artificial intelligence (AI), and
others. These adoption has enabled digital transformation for numerous utilities.
Get Free Sample Report:
In North America region, the socioeconomic pressures and technology innovations are
driving the market of digital utilities. The digital utilities transformation is providing services
such as digital utilities maturity assessment, customer & communities experience
transformation, digital asset management, digital utilities enterprise architecture and
others. In 2016, the U.S. government has launched the Smart Grid Investment Grant
program for smart grid development.
The most utilities are mainly investing in digital assets management. These digital assets can
optimize asset planning, asset information management, asset condition monitoring,
program performance management, investment functions and others. For instance, Sigma R
Squared, Inc. is offering UtiliManager software which can manage Utility Documentation
and Asset Management needs via virtual and interactive web-based tools.
The Global Digital Utility Market is growing rapidly over ~12% of CAGR and is expected to
reach at USD ~ 253 Billion by the end of forecast period.
Global Digital Utility Market Segmentation
The global digital utilities are bifurcated into component, deployment type, end-users, and
region. The component includes hardware, software, services and other. The deployment
type includes on pr