Big Data Analytics in Energy Market By Offering (Solution, Service), By Application (Workforce Analytics, Supply Chain and Logistics Analytics, Customer Analytics, Spatial Analytics, Pricing Analytics, Asset Analytics, Others), By End-user (Energy, Utilities), By Enterprise Size (Large Enterprises, SMEs): Global Opportunity Analysis and Industry Forecast, 2021-2031
Big data analytics in energy market plays a crucial role in reducing energy consumption and improving energy efficiency. In addition, the use of fossil fuel augments the demand for clean energy sources such as solar, wind, and tidal energy, which helps to increase the power consumption, so that it becomes essential to use big data analytics tool to understand the consumption and nature of power.
Increase in importance of effective forecasting, prioritization of power generation strategy, and surge in digital channel investments to improve customer processes, experience, & perceived value boost the growth of the global big data analytics in energy market. In addition, growth in need for operational efficiency and risk mitigation in the energy sector positively impacts the growth of the market. However, factors such as technological and analytical skill gaps in workforce and stringent government rules & regulations are expected to hamper the market growth. On the contrary, rise in internet penetration and adoption of IoT devices are expected to offer remunerative opportunities for the expansion of the market during the forecast period.
The big data analytics in energy market is segmented on the basis of component, enterprise size, application, industry vertical, and region. On the basis of component, the market is categorized into solutions and service. On the basis of enterprise size, the market is bifurcated into large enterprises and SMEs. On the basis of application, the market is classified into workforce analytics, supply chain & logistics analytics, customer analytics, pricing analytics, asset analytics, and others. On the basis of industry vertical, it is classified into energy and utilities. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players that operate in the big data analytics in energy market are Accenture, ALTERYX, INC., Dell Technology, Energyly, Enview., Google LLC., HEWLETT PACKARD ENTERPRISE, Infosys Limited, IBM Corporation, Intel Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Siemens AG, SAS Institute Inc, Teradata, and TIBCO Software Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the big data analytics in energy market analysis from 2021 to 2031 to identify the prevailing big data analytics in energy market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the big data analytics in energy market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global big data analytics in energy market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Offering
Solution
Service
By Application
Workforce Analytics
Supply Chain and Logistics Analytics
Customer Analytics
Spatial Analytics
Pricing Analytics
Asset Analytics
Others
By End-user
Energy
Utilities
By Enterprise Size
Large Enterprises
SMEs
By Region
North America
U.S.
Canada
Europe
United Kingdom
Germany
France
Italy
Spain
Netherlands
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Australia
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
Key Market Players
Accenture
ALTERYX, INC.
Dell Technology
Energyly
Enview.
Google LLC
HEWLETT PACKARD ENTERPRISE
Infosys Limited
IBM Corporation
Intel Corporation
Microsoft Corporation
Oracle Corporation
SAP SE
Siemens AG
SAS Institute Inc
Teradata
TIBCO Software Inc.
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