This research allows the business owners/individuals/ stakeholders to collect decisive information about market segmentation based on product category, usage and sale volume across the various geographical regions. Business stakeholders can prepare effective expansion plan by using the statistics on market share, size and the growth rate discussed in the report, for the forecast period of 2020 – 2027.Unmatched information on past, present and upcoming market trends covered in the study offer lucidity on the future projection of the industry.
Digital Utility is a subset of machine learning that tries to mimic human behavior without supervision. Construction of large neural networks and feeding of large volumes of data for distinguishing between humans and objects forms a vital point of this technology. The global deep learning market report by Market Research Future (MRFR) covers latest updates and prospects in novel applications in the industry for the period of 2018 to 2023 (forecast period). The COVID-19 outbreak and its implications are outlined in the report.
The global Digital Utility market is anticipated for fabulous growth over the forecast period owing to applications in various end-use industries. Rise in factory automation and massive construction projects can drive the Digital Utility market demand till 2022. Emphasis on physical distancing and need for safe handling of materials within company premises can drive the demand for Digital Utility. Rapid industrialization and inclination of ecommerce firms towards conveyor belts for faster delivery of items can bode well for the Digital Utility market.
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The most prominent major key players in the digital utility market in the global market are mentioned below:
Capgemini SA (France)
International Business Machine Corporation (US)
Accenture PLC (Ireland)
Microsoft Corporation (US)
Cognizant Technology Solutions Corporation (US)
Cisco Systems Inc. (US)
Oracle Corporation (US)
SAP SE (Germany)
Siemens AG (Germany)
General Electric Company (US)
ABB Ltd. (Switzerland)
Drivers and Restraints
The Digital Utility market is driven by numerous factors such as increasing construction FDI in the Asia Pacific region, and policy reforms and policies that support them. Governments across all regions are observed, their construction sector supported, and created. The emerging economies are the ones that put in various reforms and regulations in particular to fuel their infrastructure growth and the real estate market. Such expansion is slated to increase scaffolding's market growth. The Digital Utility market has constraints such as fluctuating prices of raw materials and slower economic growth, which hinder market development.
Digital Utility are mechanical systems able to transport materials within the factory premises from one location to another. They are popular in mining, manufacturing, material handling, and packaging industries due to being handy in transporting sharp items and mass-produced items. Market Research Future (MRFR) estimates projections on growth and revenue on the global Digital Utility market for the period of 2016 to 2022 (forecast period). The COVID-19 pandemic and its impact have been included in the full report.
The global business regional analysis was conducted in four major regions including Asia Pacific , North America, Europe and the rest of the world. The European region will dominate the market for Digital Utility due to Growing demand for natural gas for generating power and heating spaces. The region needs better transport facilities for gas as the current physical pipelines have become outdated and require high maintenance and upgrade costs. Asia-Pacific is the fastest growing region, since the region's developing nations are the net importers of natural gas. China itself was the largest consumer of natural gas in 2017, with industrialization and urbanization projects expected to increase consumption. The region's emerging markets, such as Indonesia and Pakistan, are also experiencing high demand for natural gas, which brings opportunities for Digital Utility in Asia Pacific.
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.
Table of contents:
1 EXECUTIVE SUMMARY
1.1 GLOBAL DIGITAL UTILITY MARKET, BY COMPONENT
1.2 GLOBAL DIGITAL UTILITY MARKET, BY ORGANIZATION SIZE
1.3 GLOBAL DIGITAL UTILITY MARKET, BY DEPLOYMENT
1.4 GLOBAL DIGITAL UTILITY MARKET, BY END-USERS
1.5 GLOBAL DIGITAL UTILITY MARKET, BY REGION
2 MARKET INTRODUCTIONS
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 FORECAST MODEL
3.6 LIST OF ASSUMPTIONS
4 MARKET DYNAMICS