Exploring IoT Applications in the Utilities Sector>
– rohit177
Key Takeaways:
– By component, the platform segment is expected to record an 11.4% CAGR by 2032
– By solution, the asset management & monitoring segment to expand at an 11.4% growth rate during the forecast period
– The U.S market to garner US$ 44.6 Billion and record an 11.6% CAGR from 2022-to 2032
– Market in China to procure US$ 9 Billion, expanding at a 13% growth rate during the assessment period
Competitive Landscape
Key players in the global IoT in the utility market include IBM, Oracle, Verizon, Cisco, and Vodafone, among others.The study reveals essential insights based on component (management, safety and security, supervisory control and data acquisition, workforce management, network management and customer information system and billing system), solution (asset monitoring and management, safety and security, supervisory control and data acquisition, workforce management, network management and customer information system and billing system)
Service (consulting, integration and deployment and support and maintenance) and application (water and wastewater management, utility gas management, and electricity grid management) across five major regions (North America, Europe, Asia Pacific, Middle East & Africa and Latin America).
Link: https://writeupcafe.com/exploring-iot-applications-in-the-utilities-sector/