Global Digital Utility Market 2018 by Key Vendors, Type and Application, Regions, Analysis by 2023

Prominent Market ResearchWoodridge, 2018 May (Press Release) – Global Digital Utility Market was valued at USD 134.16 Billion for the year 2017. Digital Utility Market is further expected to grow at a CAGR of 12.38% from 2018 to reach USD 270.24 Billion by the year 2023. North America region holds the highest market share in 2017. While Asia-Pacific region is considered as the fastest growing market in the forecasted period. U.S. is the major market in 2017 at country level and China is further anticipated to grow at a steady pace in the next 5 years.

Accenture PLC (Ireland), General Electric Company (U.S.), Siemens AG (Germany), SAP SE (Germany) and IBM Corporation (U.S.) are some of the top players in the Digital Utility Market with IBM Corporation holding a substantial market share in 2017. Better global reach at operational level is the main reason for holding this market share. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.

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Key Market Players

Accenture PLC


Capgemini SA

Eaton Corporation PLC

Cisco Systems Inc.

General Electric Company

Schneider Electric SE

Siemens AG

Oracle Corporation

IBM Corporation

Get Customized Report: Drivers:

Rising demand for renewable power generation ventures


High initial investments


Asian countries adopting to smart city concepts


Implementation & adoption of new technology

The segmentation done on the basis of Technology includes Cloud & Software, Hardware and Services of which the Hardware segment is expected to hold the highest market share during the forecast period.

The segmentation done on the basis of Network include Retail, Transmission & Distribution, and Generation of which the Transmission & Distribution segment is expected to grow at the highest CAGR during the forecasted period.

Key Benefits for Stakeholders

Digital Utility System service providers

Electrical infrastructure providers

Government bodies

End use industries

Regulatory bodies, policy makers and consumers.

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By Network


Transmission & Distribution


By Technology

Cloud & Software



By Region

North America




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By Application

Augmented Reality Applications:

-Aerospace & Defense



-Medical Verticals


Virtual Reality Applications:





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