Global Energy Cloud Market Growth Trends, Key Players, Competitive Strategies

Posted by sahil on January 16th, 2020

Global Energy Cloud Market is expected to rise from its initial estimated value of USD 8.35 billion in 2018 to an estimated value of USD 50.75 billion by 2026, registering a CAGR of 25.30% in the forecast period of 2019-2026. This rise in market value can be increasing levels of adoption of electronic display devices equipped with the capabilities of interacting with the various electrical appliances.

Energy Cloud is the technology similar to that of cloud computing. It is defined as the access of networking energy systems using internet based access technologies. It is widely used for increasing efficiencies in solar, wind and energy systems across consumers. Aging infrastructure and rising grid security concerns may act as a major driver in the growth of energy cloud market.

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Competitive Analysis

Global energy cloud market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of energy cloud market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Major Market Competitors/Players

Few of the major competitors currently working in the energy cloud market are Accenture (U.S.), IBM Corporation (U.S.), HCL Technologies Limited  (India), SAP SE (Germany), Cisco Systems, Inc. (U.S.), Oracle Corporation (U.S.), Capgemini (France), Tata Consultancy Services Limited (India), Hewlett Packard Enterprise Development LP (U.S.), Microsoft (U.S.),Brillio (U.S.) , DLT Solutions (USA), Kamatera (US), Salesforce Cloud, Salesforce Cloud (USA) , Verizon Cloud (US) and others.

Segmentation: Global Energy Cloud Market

• By Solution (Enterprise Asset Management, Supply Chain Management, Customer Relationship Management, Risk & Compliance Management, Workforce Management, Reporting & Analytics)
• By Service Model (Software as A Service, Platform as A Service, Infrastructure as A Service)
• By Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud)
• By Service (Professional Services, Managed Services)
• By Organization Size (Small and Medium Enterprises, Large Enterprises)
• By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)             

Market Drivers:

• Need of CRM in energy cloud act as driver for the market.
• Aging infrastructure and rising grid security concerns may act as a major driver in the growth of energy cloud market

Market Restraints:

• Regulation act as a restraints to the energy cloud for growing in the market.

Key Insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved

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