The global digital utility market size will touch USD 253 billion at a 12% CAGR between the forecast period 2017- 2023, according to the new Market Research Future (MRFR) analysis. Utilities are leveraging digital technologies to improve efficiency & optimize production. Digital utility is used for finding ways of conducting business across different functions and areas. Some of its benefits include enhanced customer experience, more scalable, security, extracts meaningful information from volumes of data, and opens the way for new energy services and products.
Various factors are propelling the global digital utility market share. According to the recent MRFR market estimates, such factors include a rise in renewable and distributed power generation projects, use in digital transformation, energy efficiency mandates demanding a reduction in carbon emission, strict regulatory needs for electric utilities, rapid technological advances, industrial revolution 4.0, digitalization, increasing adoption in the power industry, changes in energy demand, strains on growth in capital asset investments, increasing penetration of digital technology, the upcoming smart city projects, and need for domestic electricity in India and China.
On the contrary, high initial costs and the on-going COVID-19 impact may impede the global digital utility market growth over the forecast period.
Market Segmentation
The MRFR report highlights an inclusive segmental analysis of the global digital utility market based on end users, deployment, and component.
- By component, the global digital utility market is segmented into services, software, hardware, and others. Of these, the hardware segment will lead the market over the forecast period.
- By deployment, the global digital utility market is segmented into hybrid, cloud, and premises. Of these, the cloud segment will dominate the market over the forecast period.
- By end users, the global digital utility market is segmented into retail, commercial, residential, and others.
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Key Players
Key contenders profiled in the digital utility global market report include ABB Ltd. (Switzerland), General Electric Company (U.S.), Siemens AG (Germany), SAP SE (Germany), Oracle Corporation (U.S.), Cisco Systems Inc. (U.S.), Cognizant Technology Solutions Corporation (U.S.), Microsoft Corporation (U.S.), Accenture PLC (Ireland), International Business Machine Corporation (U.S.), and Capgemini SA (France).
Regional Analysis
By region, the digital utility market covers the growth opportunites and recent trends across Europe, North America, the Asia Pacific (APAC), and the Rest of the World (RoW). Of these, North America will dominate the market over the forecast period. Upgrade of old infrastructure, growing demand for electricity, rise in the number of renewable power plants, growing investments in electrical infrastructure, growing digitalization, and the emergence of several connected devices are adding to the global digital utility market growth in the region.
In the APAC region, the digital utility market is predicted to have healthy growth over the forecast period. Improved network connectivity, high adoption percentage of digital services, fast technological advancement, surging need for domestic electricity, changing regulatory norms, increasing infrastructural development activities, and growing energy needs are adding to the global digital utility market growth in the region.
TABLE OF CONTENTS:
- Market Introduction
- Research Methodology
- Market Dynamics
- Executive Summary
- Market Factor Analysis
- Digital Utility Market, By Segments
- Competitive Analysis
Continued…
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Coronavirus Impact on Portable Gaming Console Market - OverviewThe global portable gaming console market is expected to exhibit a strong 6% CAGR over the forecast period between 2017 and 2023, according to the latest research report from Market Research Future (MRFR).
The Coronavirus Impact on Portable Gaming Console Market is expected to reach a valuation of USD 17 billion by 2023, according to the research report.Portable gaming consoles are consoles that can be operated without a mains power connection, thus making them portable.
The growing demand for gaming on the go has been a major driver for the global Portable Gaming Console Market.
The rising interest in gaming is likely to remain the major driver for the global portable gaming console market, as consumers are increasingly interested in spending more time within their game world.To the end of making gaming consoles truly portable, the development of lightweight, compact gaming consoles has picked up speed in the global gaming console market.
Reducing the weight of gaming consoles while incorporating strong, durable materials into the design is likely to be a key development channel in the global portable gaming console market.
Due to the basic need of portable consumer electronics to be easily movable and lightweight, this is likely to be a key direction for players in the portable gaming console market to focus on over the forecast period, as the ergonomics of portable gaming consoles can become a major USP in the highly competitive consumer electronics sector of today.
The Global Automotive Software Market is predicted to grow at a vigorous CAGR of 20% between 2018- 2023 states the recent Market Research Future (MRFR) analysis.
The automotive software is a function which employed in vehicle hardware to transfer instructions and display control functions in vehicles.
The software service and solutions has become an integral part of automotive industry.
The use of software solutions helps to enhance performance, safety, and driving experience.
There are a wide variety of software systems in automotive including auto mechanical software, connectivity software, auto driver software, entertainment, safety and navigation software among others.The increasing demand for connected vehicles, increasing concern over driver and vehicle safety, growing demand for environment friendly vehicles, and the increasing adoption of software solutions for recovery of stolen vehicles from countries like Africa, China and India are considered as the key driving factors for the growth of this market.Top Companies profiled in Automotive Software Market Research Report:NXP Semiconductors (Netherlands), BlackBerry (Canada), Renesas Electronics Corporation (Japan), Elektrobit (Germany), NVIDIA Corporation (US), Microsoft Corporation (US), Airbiquity Inc. (US), Green Hills Software (US), Autonet Mobile, Inc. (USA), and Wind River Systems, Inc. (US).Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/7238 Scope of the ReportThis study provides an overview of the global Automotive Software market, tracking four market segments across four geographic regions.
The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the World.
Market OverviewGlobal Mixed Reality Industry is predicted to develop at a stellar 48.6% CAGR between 2017- 2023, reveals the latest Market Research Future’s (MRFR) mixed reality market forecast report.
Global Mixed Reality Market is highly fragmented and competitive in nature with the presence of several key players.
These key players have encompassed several strategies to strengthen their position in the market, such as mergers, R activities, partnerships, acquisitions, product launches, and others.Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/1766Comparative Analysis:Prominent players profiled in the global mixed reality market report include Facebook Inc. (US), HTC Corporation (Taiwan), Sony Corporation (Japan), Accenture PLC (Ireland), Microsoft Corporation (US), Google LLC (US), Intel Corporation (US), Magic Leap, Inc (US), Seiko Epson Corporation (Japan), and Samsung Electronics Co., Ltd (South Korea).
Of these, the hardware segment will lead the market over the forecast period for the rise in MR hardware.
Increasing penetration of VR and AR for MR devices, the presence of several key players, high penetration of mixed reality devices, increasing penetration in defines and aerospace segments, presence of key vendors in the US, and rising application of VR and AR in healthcare and e-commerce sectors are adding to the global mixed reality market growth in the region.
Rising economic growth, growing adoption of technologically advanced solutions, rising penetration of smartphones, the presence of emerging economies India and China, increasing adoption of technology in various end use industries, the growing popularity of VR and AR-enabled gaming, and large population, especially younger age groups are adding to the global mixed reality market growth in the region.Industry NewsThe global Mixed Reality Market Trends has been affected due to the lockdown across the regions.
Medical Terminology Software Market: HighlightsIt is estimated that the global medical terminology software market is expected to register a CAGR ~20% during the forecast period of 2018–2023.Medical terminology software industry will witness a strong growth it is beneficial in enhancing the efficiency of a laboratory by providing operators with increased inventory control and tracking, including greater flexibility to address changing needs of the laboratory and business conditions.The rising focus on minimizing medical errors, government initiatives for HCIT adoption, and disparity and fragmentation in the terminology content of healthcare organizations are anticipated to fuel the growth of the market.
On the other hand, the restricted access to systems in emerging countries is expected to hamper the growth of the market.The global medical terminology software market is conquered by several players.
For instance, in 2016, Wolters Kluwer (Netherlands) announced a partnership with HealthCore, Inc., (US), a clinical outcomes research subsidiary of Anthem, Inc. (US), to provide data normalization services to the California Integrated Data Exchange through its health language enterprise terminology management platform.
This initiative is anticipated to open new avenues for the firm to cater to the untapped markets in this region.Segmentation:The global medical terminology software market is segmented on the basis of product & service, application, and end user.The medical terminology software market, by product & service, is categorized into services and platforms.Based on application, the medical terminology software market is segmented into data aggregation, reimbursement, public health surveillance, data integration, decision support, clinical trials, quality reporting, and clinical guidelines.On the basis of end user, the market is segmented into healthcare providers, healthcare payers, and healthcare IT vendors.
The healthcare providers subcategory is further divided into healthcare service providers and health information exchanges.
The healthcare payer’s subcategory is further divided into private payers and public payersKey Players:Some of the key players in the global medical terminology software market areWolters Kluwer3MIntelligent Medical ObjectsApelonClinical ArchitectureCareComBitacB2i HealthcareBT Clinical Computingand HiveWorx Browse Complete 160 Pages Premium Research Report Enabled with Respective Tables and Figures at https://www.marketresearchfuture.com/reports/medical-terminology-software-market-7785Regional Analysis:The Americas is expected to hold a major share in the global medical terminology software market can be attributed to the growing demand for accurate data exchange between healthcare providers and payers to streamline workflows in the region.Europe is expected to hold the second largest share in the medical terminology software market due to the increasing need to maintain data integrity is expected to provide further growth opportunities for market players in the coming years.Asia-Pacific was projected to be the fastest growing region for the global medical terminology software market due to the high adoption of HCIT technologies, regulatory requirements regarding patient safety.
The report on the Global Application Release Automation Market covers historical market trends, current market dynamics, market valuation by segmentation as well as region, country-level analysis for every segment, key player's market share analysis, competitive landscape and supply chain analysis.
Market synopsis:Global Application Release Automation market is expected to grow from USD 178.37 million in 2017 to USD 525.39 million by 2023, at a CAGR of 19.73% during the forecast period.Application Release Automation (ARA) solution provide the modeling and deployment of custom application software releases and their associated configurations for applications such as Java Platform, Enterprise Edition (Java EE) and .NET.
It includes workflow engines that support automating and tracking of enterprise workforce activities.
Request Free Sample Report @ https://www.marketresearchfuture.com/sample_request/7125 The growing need for low costs, flexible, and scalable DevOps processes and need for complete process security in different environment physical, virtual, or cloud has led to growing adoption of ARA tools by enterprises.
Other factors boosting the growth of application release automation market include increase in applications operating in dynamic IT environment, increasing complexities in operating applications, and growing need for continuous and accelerated Time-to-Market (TTM).Application release automation market, by verticals, is segmented into managed services, training, consulting, and integration services, support and maintenance, and tools.
The consulting and integration services assist enterprises to effectively manage business transformation and achieve enterprise’s strategic objective.The key players operating in the application release automation market are are CA Technologies (US), Microsoft Corporation (US), IBM Corporation (US), Red Hat, Inc. (US), XebiaLabs, Inc. (US), Micro Focus International PLC (UK), BMC Software (US), VMware, Inc. (US), HP Company (US), and MidVision Limited.
Market Synopsis The data experts at Market Research Future Reports (MRFR) have analyzed the global smartphone operating system market is predicted to display a CAGR of 20% during the assessment period from 2017 to 2023.
Besides, e-commerce and online shopping have gained enormous momentum from the past few years.
In addition, the growing information and awareness with respect to the several applications being provided by smartphones like GPS maps, fitness app, and gaming are likely to participate exponentially in market growth.
We will provide COVID-19 impact analysis with the report.
Report Details @ https://www.marketresearchfuture.com/reports/mobile-banking-market-2906 Market Segmentation The worldwide smartphone operating system market can be segregated into the operating system, type, and geography.Based on the operating system, the worldwide smartphone operating system market can be distinguished into iOS, android, blackberry, Symbian and others.Based on type, the worldwide smartphone operating system market can be divided into open source and closed source.Based on geography, the worldwide smartphone operating system market can be distinguished into North America, Asia Pacific, Europe, and Rest of the World (ROW).
Furthermore, the region consists of developed infrastructure, which is another pivotal factor leading to market growth.
