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$15.18 Billion Energy Cloud Market by Solution, Service, Service Model, Deployment Model, Organization Size & Region - Global Forecast to 2021 - Research and Markets

[March 21, 2017]

$15.18 Billion Energy Cloud Market by Solution, Service, Service Model, Deployment Model, Organization Size & Region - Global Forecast to 2021 - Research and Markets

Research and Markets has announced the addition of the "Energy Cloud Market - Global Forecast to 2021" report to their offering.

The energy cloud market size is expected to grow from USD 5.12 billion in 2016 to USD 15.18 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 24.3%. The factors driving the growth of the market include the rise in aging infrastructure, need for new, real-time data access, and analytical capabilities among the energy & utilities enterprises.

The reporting and analytics solution segment is expected to grow at the highest CAGR during the forecast period. The demand for cloud-based reporting and analytics is increasing among the energy and utilities sector, due to the increasing need for improved decision-making, optimizing internal business processes, increasing operational efficiencies, and gaining competitive advantage in the market.

Asia-Pacific (APAC) is expected to grow at the highest rate during the forecast perio. A surge in growth is anticipated, owing to technological advancements, along with mandatory regulations imposed by government and regulatory entities. North America is expected to hold the largest market share and dominate the energy cloud market during the forecast period. The presence of a large number of enterprises, strong technical skills, and higher adoption of advanced cloud solutions & services are the major factors for the largest share of North America.

Companies Mentioned