Energy Cloud Market Scope
Energy cloud is a system which is derived from cloud computing services that replace the traditional grid architecture to give a range of commercial, environmental, and technical changes. It is a dynamic network that supports distributed energy resources (DER) with two-way energy flow. The needs of the companies to maintain a pool of energy resources in order to distribute it via the grids with a greater level of efficiency has driven demand within the global energy cloud market. According to AMA, the Global Energy Cloud market is expected to see growth rate of 23.7%
Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Energy Cloud market throughout the predicted period.
Accenture PLC (United States), IBM Corporation (United States), HCL Technologies (India), SAP SE (Germany), Cisco Systems, Inc. (United States), Oracle Corporation (United States), Capgemini (France), Microsoft Corporation (United States) and Brillio (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Energyworx (Netherlands), TCS (India) and HPE (United States).
The study have segmented the market of Global Energy Cloud market by Type (Public Cloud, Private Cloud and Hybrid Cloud), by Application (Professional Services and Managed Services) and Region with country level break-up.
On the basis of geography, the market of Energy Cloud has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Energy Cloud Market Dynamics:
- Need To Access Real-Time Data by Utilizing Energy Sources
- Increasing End-User Involvement in Generation, Distribution, Buying and Selling Of Electricity
- Growing Grid Security Concerns and Growing Aging Infrastructure
- Increasing Need for Organizations to avail the Advantages of Customer Relationship Management (CRM)
- Stringent Government Regulation and Compliance
|Road Blocks / Challenges|
- Rising Incidence of Cyberattacks is Posing a Challenge for the Energy Cloud Market
|Gaps & Opportunities|
- Introduction of Big Data Analytics and Internet of Things (IoT) in Cloud Computing Market
Market Leaders and their Expansionary Development Strategies
September 2017, Energyworx, a SaaS company in energy data management, data intelligence, and advanced analytics announced to join forces with Smart Society Services a company delivering scalable SaaS services to monitor, control and manage smart devices that help improve reliability and efficiency in large and critical infrastructures.
Key Target AudienceEnergy and utility industries, Energy cloud vendors, System integrators, Consultancy firms/advisory firms, Professional service providers, Government agencies and Investor and venture capitalists
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.