Global Internet of Things (IoT) report from Global Insight Services is the single authoritative source of intelligence on IoT in Utilities market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
The Internet of Things (IoT) in utilities is the growing network of physical devices, vehicles, home appliances, and other items embedded with electronics, software, sensors, and connectivity enabling them to collect and exchange data. The IoT in utilities can help organizations remotely monitor and manage assets, optimize operations, and improve customer service. For example, a water utility could use the IoT to remotely monitor water levels in reservoirs, detect leaks, and track customer usage.
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Market Segments
The IoT in Utilities Market is segmented on the basis of component , application , and region. Based on type, the market is divided into platform, solutions (asset monitoring and management and cis and billing), and services. On the basis of application, it is segmented into electricity grid management, water and wastewater management, and utility gas management. Region-wise, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The IoT in Utilities Market report includes players such as IBM, Oracle, Verizon, Cisco, Vodafone, Telit, Landis Gyr, Itron, Schneider Electric, and Huawei.
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Key Drivers
The key drivers of the IoT in Utilities market are the need for improved operational efficiency, the need for improved asset management, the need for improved customer service, and the need for improved sustainability.
Operational efficiency is a key driver for the IoT in Utilities market as utilities look to improve their overall performance. The IoT can help utilities to reduce their energy consumption, lower their maintenance costs, and improve their overall efficiency.
Asset management is another key driver for the IoT in Utilities market as utilities seek to improve the management of their assets. The IoT can help utilities to track their assets, monitor their performance, and make better decisions about their maintenance and replacement.
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