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  • By 2021 Energy Cloud Market expected to surpass $15.18 Billion from $5.12 Billion in 2016 at a CAGR of 24.3%

    (I-SoftwareNews.Com, December 10, 2019 ) According to new market research report "Energy Cloud Market by Solution (Customer Management, Reporting and Analytics Enterprise Asset Management), Service, Service Model (SaaS, PaaS, and IaaS), Deployment Model, Organization Size, and Region - Global Forecast to 2021", 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% during the forecast period.

    Browse and in-depth TOC on “Energy Cloud Market”
    65 - Tables
    55 - Figures
    145 - Pages

    Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=54529418

    The major drivers of this market include the need for Customer Relationship Management (CRM), aging infrastructure, and rising grid security concerns. The cloud-based energy solution helps control the risk and cost associated with the infrastructure.

    The Enterprise Asset Management solution is estimated to dominate the energy cloud market share during the forecast period

    Enterprise asset management is estimated to have the largest market share in the energy cloud market during the forecast period. The solution enables enterprises to track and manage assets to improve productivity & returns on asset investments. Energy cloud players provide asset management, which helps in clear visibility and control over critical assets that affect the risk & compliance.

    Professional services segment is expected to capture the highest market share during the forecast period

    The professional services segment of the energy cloud market is estimated to have the highest market share during the forecast period, as the professional services help lower risks, reduce complexity, and improve the return on investment for the energy and utilities enterprises. The services can be tailored according to the business requirements of enterprises & enable planning, designing, implementing, and managing systems & applications.

    Get 10% Free Customization On Report @ https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=54529418

    North America is leading in terms of market share in the energy cloud market space

    North America is expected to hold the largest market share and dominate the energy cloud market during the forecast period. Reduced Capital Expenditure (CAPEX) spending, low Information Technology (IT) management complexity, and improved agility & security are some of the major driving factors contributing to the growth of cloud computing for the energy sector in North America.

    The major players in the energy cloud market include Accenture PLC (Chicago, Illinois, U.S.), IBM Corporation (New York, U.S.), HCL Technologies (Noida, India), SAP SE ( Walldorf, Germany), Cisco Systems, Inc. ( California, U.S.), Oracle Corporation (California, U.S.), Capgemini (Paris, France), TCS (Mumbai, India), HPE (California, U.S.), Microsoft Corporation (Washington, U.S.), and Brillio (California, U.S.).

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    MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

    M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

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