Power is one of the most critical components
of infrastructure and crucial for the economic growth and welfare of nations.
Globally, the power sector is undergoing a significant change that has
redefined the industry outlook. The sustained overall economic growth continues
to drive electricity demand all economies. Many governments are focusing on
attaining Power for All by accelerating the capacity addition across the world.
At the same time, the competition is also increasing at both the market and
supply sides.
The power industry has worked with big data
for years, regularizing and processing significant amounts of information
produced on an intra-hourly basis. For some years now, the deriving value from
big data that has been generated from across the generation, transmission,
distribution units, and end-users of power utilities, has been a concern for
corporate executives, although executives mainly focus on the distribution side
of power utilities.
Power utilities can optimize the
generation, distribution, and consumption of electricity through big data. The
development of specially designed IT solutions for electricity grids, and new
players, such as decentralized producers of renewable energies, are regularly
generating large amounts of data that energy companies need to address. New users
of electricity, such as electric vehicles and connected houses, and new
communicating equipment, such as smart meters, sensors, and remote-control
points, are also causing a surge of data that the energy companies will have to
analyze in order to make informed-decisions. Big data technology offers
suitable solutions for power utilities to achieve greater reliability,
efficiency, flexibility and to preserve the balance between consumption and
production in a rapid changing energy landscape.
The report covers the present scenario and
growth prospects of the big data in power management market for the period
2017–2023. Moreover, to calculate the market size, the report considers the
revenue generated from below market segments:
- Software Market: The segment includes
revenue generated from System Software, Hadoop Distribution Products and Tools,
Discovery & Visualization Tools, Database Software, Big Data Analytics, and
other software.
- Services Market: The segment includes
revenue generated from the Hadoop-as-a-Service (HAAS), Visualization &
Analytics-as-a-Service, Training and Professional Services, Deployment &
Integration Services, and Consulting Services.
The report covers the evolution,
architecture, and ecosystem of big data in power management, market dynamics,
features, advantages, and disadvantages. The report covers drivers, restraints,
and opportunities affecting the market growth during the forecast period.
The report also covers the adoption and
usage of big data software and services in power management across different
regions. The regions include North America, Europe, Asia Pacific, Latin
America, and the Middle East & Africa. The report also compares top four
players in the market with their competence, their technology capability, and geographical
reach. It further contains an analysis of forecast revenues, competitive
landscape, vendor profiles, global generalist, and business strategies and
views.
Regional
Analysis:
According to regional analysis, the report
is segmented into North America, Europe, Asia Pacific, Latin America, and the
Middle East and Africa. North America holds the major market share as the
region is said to be the world’s largest region for big data and cloud
adoption. Europe stands next to North America as the increasing customer
awareness, and maturity of big data and cloud services in this region are
impelling a phased migration from on-premises-based solutions to a cloud
environment. The region is expected to see a growth and the UK, Germany,
France, Spain, and Italy are supporting the region’s economic growth. In Asia
Pacific, more than 60% of the companies are planning to adopt both on-premises
and cloud-based models. MEA is the fourth fastest growing region in the world.
Moreover, Latin America is set to be the emerging market for big data in power
management due to the transition from traditional on-premises deployment to the
cloud-based deployment of various solutions across industries.
Key
Players:
VMware Inc., Hewlett Packard (HP)
Enterprise, Dell Inc., Cisco Systems, Jinfonet Software, Inc., 1010DATA,
Infoblox, and Nexenta Systems Inc.
Competitive
Analysis:
Big data solution is becoming a demanding
technology in the cloud environment. There are huge business opportunities,
where a lot of SMEs are entering the market and collaborating with large
players to provide various solutions and services. Especially, new start-ups
are coming with new applications and services in the market and they are
expecting to see a double-digit growth in the next 5–6 years. Furthermore,
collaborations and M&A are expected to continue.
Spanning over 100 pages “Big
Data in Power Management Market – Global Drivers, Restraints, Opportunities,
Trends, and Forecasts to 2023” report covers Industry Outlook, Report
Outline, Market Snapshot, Market Outlook, Market Characteristics, Types: Market
Size and Analysis, SOFTWARE: Market Size and Analysis, Services: Market Size
and Analysis, Deployment Type: Market Size and Analysis, End-users: Market Size
and Analysis, REGIONS: MARKET SIZE AND ANALYSIS, Competitive Analysis, Vendor
Profiles, Global Generalist.
Please visit this link for more details: http://mrr.cm/Uz2
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and Electronics Reports at: https://www.marketresearchreports.com/computing-electronics
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