Global Energy Management Software Market 2024-2028
Energy Management Software Market 2024-2028
The energy management software market is forecasted to grow by USD 13950.5 mn during 2023-2028, accelerating at a CAGR of 10.22% during the forecast period. The report on the energy management software market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by cost reduction advantages, growing demand for mobile technology, and inclination toward building automation.
Technavio's energy management software market is segmented as below:
By End-user
- Power industry
- Construction
- Others
By Application
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the adoption of cloud-based energy management software as one of the prime reasons driving the energy management software market growth during the next few years. Also, rising demand for AI and cognitive solutions and rising demand for smart grids globally will lead to sizable demand in the market.
The report on the energy management software market covers the following areas:
- Energy management software market sizing
- Energy management software market forecast
- Energy management software market industry analysis
The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading energy management software market vendors that include ABB Ltd., Accruent, Autodesk Inc., Benchmark Digital Partners LLC, Broadcom Inc., C3.AI Inc, Eaton Corp. PLC, Emerson Electric Co., EnergyCAP LLC, ENGIE SA, Envizi, General Electric Co., Honeywell International Inc., International Business Machines Corp., Itron Inc., MRI Software LLC, SAP SE, Schneider Electric SE, Siemens AG, and Wolters Kluwer NV. Also, the energy management software market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The company presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.