Energy cloud is a dynamic network that supports distributed energy resources (DER) with a two-way energy flow and can be introduced through a variety of strategic, technical, operational, commercial, and environmental adjustments in order to improve energy efficiency in the conventional utility model. Because of factors such as ageing infrastructure, carbon footprint issues, grid protection concerns, and the need for businesses to provide customer relationship management, the global energy cloud market is increasing.
Adroit Market Research study on the global market for Energy Cloud offers a holistic view of the industry from 2020 to 2028 as forecast period, including factors such as market drivers, limitations, opportunities, threats and regulatory overview. The market has been analyzed from 2018 to 2028, with a base year estimate of 2019 and a projection from 2020 to 2028. The report covers the current status and potential characteristics of the market at both the global and the country level. Moreover, the report also assesses market competition with Porter's analysis of five strengths and places leading players on the basis of their product range, regional presence, strategic initiatives and overall sales. Prominent players in the global composite resin market have been analyzed in depth.
Cyber-attacks have become commonplace around the world, raising questions about grid protection. As a result, global demand for energy cloud has risen to unprecedented heights in recent years. Furthermore, much of the grid infrastructure in many regions has become old and redundant, which is driving demand for energy cloud. Over the next few years, managed energy services are expected to see strong demand, while corporate asset management is expected to gain traction in emerging markets. The technological transition that has swept Canada and the United States has boosted demand for energy cloud services across the continent. Emerging economies have clearly followed in the footsteps of developed economies, and the markets in Asia Pacific, the Middle East, and Africa are projected to grow significantly in the coming years. The global energy cloud market is expected to expand due to a growing demand from businesses for the benefits of customer relationship management (CRM). Other important factors, such as grid protection issues and ageing infrastructure, are expected to provide a stable base for the global sector. Exacting compliances and regulations, as well as rising levels of cyberattacks, could pose a threat to utilities, electricity, and other similar businesses. However, in the solution and service sectors, there could be some lucrative business opportunities awaiting players.
During the forecast era, managed services are expected to experience substantial growth in the global energy cloud market. For the management of smart and nuclear grids, as well as downstream and upstream oil and gas, this service segment finds a broad and critical application in utility and energy enterprises. Client requirements and pre- and post-deployment questions may also be addressed using managed services.
The key players of global Energy Cloud market report include- Oracle Corporation, Cisco Systems, Inc., SAP SE, Microsoft, HCL Technologies, Verizon Cloud, Capgemini, IBM Corporation, Salesforce Cloud and Accenture PLC.
Key Segments of the Global Energy Cloud Market
Solution Overview, 2018-2028 (USD Million)
- Enterprise Asset Management
- Supply Chain Management
- Customer Relationship Management
- Risk & Compliance Management
- Workforce Management
- Reporting & Analytics
Service Model Overview, 2018-2028 (USD Million)
Organization Size Overview, 2018-2028 (USD Million)
- Large Enterprises