Energy and Utility Analytics Market
The Energy and Utility Analytics is used for evaluation of valuable insight from the large amount of data generated within the energy & utility network. This particular analytics solution aims to enhance the productivity, performance, and reliability of business operations in the utility based companies. SAS Institute , SAP SE, Oracle , Infosys Limited and International Business Machines Corporation are some of the major players operating in the energy & utility analytics market.
Energy and utility analytics market by vertical is segmented into oil & gas, renewable energy, nuclear energy, water, electricity, and others (waste and recycle energy). Oil & gas companies are rigorously adopting analytics solutions as the industry requires to manage risks on several frontages, as well as the assets of oil & gas companies, are expensive and capital intensive. Further, with the government initiatives towards renewable energy production, the renewable energy installations have noticed a significant growth globally, which in turn is expected to increase the demand growth for energy and utility analytics market.
Some of the remarkable partnership and collaboration in this industry are partnership of Infosys with Siemens PLM Software to create applications and services for MindSphere, which is an open cloud-based IoT operating system from Siemens. The partnership of Siemens and Infosys would enable the customers to enhance the competitiveness by managing the data produced by their devices. Initially the focus of partnership would be on the customers of energy, manufacturing, utilities, healthcare, transportation and logistics industries. Also Wood and IBM signed an agreement of partnership to offer new digital products and services to improve the operational efficiencies for the end users in the industrial and energy markets.
Some of the key players of energy and utility analytics market include Wipro, EnergySavvy , Oracle, Capgemini SE, Infosys, SAP SE, International Business Machines, BuildingiQ , SAS Institute , and Wegowise.