Significant driving forces shaping the future of the Digital Utility market for the forecast period 2027 find a special mention in the study and are backed by a real-time statistics. Thorough segmentation of the industry by type, application, classification, and geography works as an impetus towards increasing the sale figures and boosting business prospects alongside the hindrances that often restrict the industry’s growth. In addition, bifurcation of the market on the basis of consumption volume, customer preference, end-user, and production capacity is explained through important resources including but not limited to charts, graphic images, and tables.

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Which Top Market Participants are Consider for the highest Digital Utility market share? 

Key contenders profiled in the digital utility global market report include ABB Ltd. (Switzerland), General Electric Company (U.S.), Siemens AG (Germany), SAP SE (Germany), Oracle Corporation (U.S.), Cisco Systems Inc. (U.S.), Cognizant Technology Solutions Corporation (U.S.), Microsoft Corporation (U.S.), Accenture PLC (Ireland), International Business Machine Corporation (U.S.), and Capgemini SA (France).

Digital Utility Market Segmentation

The global Industry segmented into Digital Utility Market Size, type, component, voltage, application and region. By type the segment is further classified into skid mounted and mobile Digital Utility. By component, the segment is further classified into switchgear, bus bar, HVAC systems, transformer, frequency drives, monitoring and control systems and others. By voltage, the segment, is further classified into low voltage and medium voltage Digital Utility. Digital Utility are used in various industries such as oil and gas, mining, transportation, and power utilities.

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Market Segmentation

The MRFR report highlights an inclusive segmental analysis of the global digital utility market based on end users, deployment, and component.

By component, the global digital utility market is segmented into services, software, hardware, and others. Of these, the hardware segment will lead the market over the forecast period.

By deployment, the global digital utility market is segmented into hybrid, cloud, and premises. Of these, the cloud segment will dominate the market over the forecast period.

By end users, the global digital utility market is segmented into retail, commercial, residential, and others.

By Geography

Asia pacific

Europe

North America

The Middle East and Africa

Latin America

Market Segmentation

Covid 19 Analysis

Due to a rise in phishing activities, COVID-19 has substantially increased the adoption of cloud infrastructure and services. In addition, COVID-19 has significantly increased the security budget, which has resulted in a large increase in cloud infrastructure and services. According to the findings of a study conducted by Microsoft and published in August 2020, 36% of the total 800 respondents said that the budget for cybersecurity had risen as a consequence of the pandemic outbreak. Additionally, 42 percent of those who answered the survey said that the company altered its personnel by adding more security experts.

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