The Digital Utility Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Digital Utility Market?
The Digital Utility Global Market Report 2025 shows that the market size has seen considerable expansion lately. It is projected to increase from a market size of $248.33 billion in 2024 to $273.84 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 10.3%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Digital Utility Industry?
The Digital Utility Global Market is predicted to expand to a market size of $470.9 billion by 2029. This growth corresponds to a Compound Annual Growth Rate (CAGR) of 14.5%.
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What are the Key Growth Drivers Fueling the Digital Utility Market?
The key drivers in the digital utility market are:
• Rapid urbanization around the globe
• The escalating threat of cyber attacks
• Expansion of the electric vehicle infrastructure
• Increased adoption and usage of cloud computing
• The implementation and installation of 5G networks
Global Market Segmentation: Identifying Major Digital Utility Industry Segments
The digital utility market covered in this report is segmented –
1) By Deployment: On-Premise, Hybrid, Cloud
2) By Network: Generation, Transmission And Distribution, Retail
3) By Technology: Hardware, Integrated Solutions
4) By End-Use: Banking, Financial Services And Insurance (BFSI), Media And Communication Services, Manufacturing And Natural Resources, Aerospace And Defense, Transportation And Logistics, Government And Utilities, Other End-Users
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What are the Emerging Trends Shaping the Future of the Digital Utility Market?
The key trends in the digital utility market are:
• Grid digitalization is expected to be a major trend.
• The application of AI and Machine Learning is shaping the future of the digital utility market.
• The integration of energy storage systems is an upcoming trend.
• A shift towards customer-centric solutions and transition to smart cities will significantly influence the market.
Who Are the Top Competitors & Leading Players in the Digital Utility Market?
Major companies in the digital utility market are:
• Bosch.IO GmbH
• Siemens AG
• General Electric Company
• Accenture plc
• IBM Corporation
• Cisco Systems Inc.
• Oracle Corporation
• Schneider Electric SE
• Honeywell International Inc.
• SAP SE
• ABB Ltd.
• Capgemini SE
• Eaton Corporation plc
• Rockwell Automation Inc.
• Trimble Inc.
• Itron Inc.
• Landis+Gyr Group AG
• Enel X North America Inc.
• Schweitzer Engineering Laboratories
• Kalkitech Inc.
• Aclara Technologies LLC
• Open Systems International Inc.
• OSIsoft LLC
• Sensus USA Inc.
• C3.ai Inc.
• Trilliant Holdings Inc.
• Utilidata Inc.
• Echelon Corporation
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the global digital utility market in 2024
