Global Smart Utilities Software Market Growth (Status and Outlook) 2024-2030

Global Smart Utilities Software Market Growth (Status and Outlook) 2024-2030

Smart utilities software provides assistance with configuring, managing, and monitoring internet of things (IoT) devices used in energy and utility operations. Smart technology allows utilities managers and workers to optimize resource usage and automate certain routine tasks, while simultaneously generating valuable data across the operation.

The global Smart Utilities Software market size is projected to grow from US$ 519.5 million in 2023 to US$ 951.1 million in 2030; it is expected to grow at a CAGR of 9.0% from 2024 to 2030.

LPI (LP Information)' newest research report, the “Smart Utilities Software Industry Forecast” looks at past sales and reviews total world Smart Utilities Software sales in 2023, providing a comprehensive analysis by region and market sector of projected Smart Utilities Software sales for 2024 through 2030. With Smart Utilities Software sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Smart Utilities Software industry.

This Insight Report provides a comprehensive analysis of the global Smart Utilities Software landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Smart Utilities Software portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Smart Utilities Software market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Smart Utilities Software and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Smart Utilities Software.

Some of the future market trends of Smart Utilities Software are:

The demand for Smart Utilities Software will increase as more utilities companies seek to digitalize their infrastructure and services, and to comply with environmental and regulatory standards. The COVID-19 pandemic has accelerated the digital transformation of many industries, creating more opportunities for Smart Utilities Software providers to offer their solutions.

The emerging markets and shifting dynamics in the Asia-Pacific region will create new challenges and opportunities for Smart Utilities Software. The Regional Comprehensive Economic Partnership (RCEP) agreement signed in November 2020 has created the world’s largest free-trade zone among 15 countries in the region, with a total population of 2.2 billion. This will increase the competition and demand for Smart Utilities Software in languages such as Vietnamese, Thai, and Indonesian.

The integration of artificial intelligence (AI) and machine learning (ML) will enhance the efficiency and quality of Smart Utilities Software. AI and ML can help automate some aspects of the utility management process, such as data analysis, optimization, prediction, and anomaly detection. However, human experts and operators will still play a vital role in ensuring the reliability and security of the utility systems.

The diversification of content formats and platforms will require more flexible and adaptable Smart Utilities Software solutions. Utilities companies today are not limited to traditional data sources, but also include videos, podcasts, social media, and more. Moreover, utilities systems need to be compatible with different devices, such as smartphones, tablets, laptops, and smart TVs. Smart Utilities Software providers will need to offer solutions that can handle various types of content and platforms, while ensuring a consistent and seamless user experience across all channels.

This report presents a comprehensive overview, market shares, and growth opportunities of Smart Utilities Software market by product type, application, key players and key regions and countries.

Segmentation by type
Cloud-Based
Web-Based

Segmentation by application
Managers
Workers

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Aclara
Schweitzer Engineering Laboratories
Awesense
Davra
Siemens
Fluentgrid
Globema
Landis+Gyr
PLVision
Live Earth
OATI
Opinum S.A.
Oracle
Networked Energy Services Corporation
REENGEN
Smarter Grid Solutions

Please note: The report will take approximately 2 business days to prepare and deliver.