Global Big Data Analytics in Energy Market is valued at approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028. Big data analytics in energy is referred to as a full solution service that is used for the adoption of greener power generation. This helps in lessening greenhouse gas emissions with reliable renewable energy purchases. The growing digital channel investments, rise in need for operational efficiency, coupled with increasing internet penetration are the several prominent factors fostering the market demand across the globe. For instance, according to Statista, in 2020, nearly 749.07 million people were recorded as internet users and the number is estimated to grow and account for approximately 1,134.04 million people by 2025. Therefore, the rising usage of the internet among the population is fueling the demand for Big Data Analytics in Energy, which is bolstering the market growth worldwide. However, stringent government rules & regulations and a dearth of skilled labor impede the growth of the market over the forecast period of 2022-2028. Also, the rising adoption of IoT devices and growing demand for deploying smart meters are anticipated to act as catalyzing factors for the market demand during the forecast period.

The key regions considered for the global Big Data Analytics in Energy Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the growing investment in solutions such as 5G and IoT technologies, along with rising presence of major players that offer advanced solutions. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the easy accessibility of analytical solutions as well as surging demand for IoT technologies, big data analytics, and other technology services, would create lucrative growth prospects for Big Data Analytics in Energy Market across the Asia-Pacific region.

Major market players included in this report are:

Alteryx, Inc.

Dell Technology

Energyly

Google Llc

Hewlett Packard Enterprise

Infosys Limited

IBM Corporation

Intel Corporation

Microsoft Corporation

Oracle Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Offering:

Solution

Service

By Application:

Workforce Analytics

Supply Chain and Logistics Analytics

Customer Analytics

Spatial Analytics

Pricing Analytics

Asset Analytics

Others

By End-user:

Energy

Utilities

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019, 2020

Base year - 2021

Forecast period - 2022 to 2028

Target Audience of the Global Big Data Analytics in Energy Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers

Investors