Global Energy Cloud Market – Industry Trends and Forecast to 2024
Market Analysis: Global Energy Cloud Market
The Global Energy Cloud Market accounted for USD 5.32 billion in 2016 growing at a CAGR of 25.34%. during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Global Energy Cloud Market
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. On the other side, stringent regulation and compliance may hinder the market.
Major Market Drivers & Restraints:
- Need for Customer Relationship Management
- Aging Infrastructure and Rising Grid Security Concerns
- Stringent Regulation and Compliance
Market Segmentation: Global Energy Cloud Market
The global energy cloud market is segmented on the basis of solution into enterprise asset management, supply chain management, customer relationship management, risk and compliance management, workforce management, reporting and analytics, and others.
The global energy cloud market is segmented on the basis of service into professional services, and managed services.
The global energy cloud market is also segmented on the basis of service model into software as a service, platform as a service, and infrastructure as a service.
On the basis of deployment model, the global energy cloud market is segmented into public cloud, private cloud, and hybrid cloud.
On the basis of organization size, the global energy cloud market is segmented into small and medium enterprises, and large enterprises.
On the basis of geography, the global energy cloud market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Company Share Analysis: Global Energy Cloud Market
The report for energy cloud market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
Major Market Competitors: Global Energy Cloud Market
Some of the major players of the global energy cloud market are Accenture PLC, IBM Corporation, HCL Technologies Limited, SAP SE, Cisco Systems, Inc., Oracle Corporation, Capgemini, Tata Consultancy Services, Hewlett Packard Enterprise, Microsoft Corporation, Brillio, DLT Solutions, and others.