Market HighlightsThe global energy and utility analytics market is expected to grow from USD 1.98 billion in 2018 to USD 5.32 Billion by 2024, at a CAGR of 16.6% during the forecast period.The energy and utilities sector deals with unique set of challenges, which include increasing global demand, market volatility, risks related to safety, and unexpected downtime which slows down the operational process.

Smart grid solutions offer transmission and distribution grid management, utility analytics which increases the grid efficiency, reliability, operational performance of the system and delivers high ROI.Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/8110Segmentation:According to Market Research Future, the global energy and utility analytics market has been segmented on the basis of component, deployment, application, industry vertical, and region.By component, the market has been segmented into solution and services.

The solution segment has been further segmented into asset management analytics, smart grid analytics, risk analytics, customer analytics, financial analytics, logistics and supply chain analytics, and others.

The service segment has been further segmented into deployment and integration, support and maintenance, and consulting.

The on-cloud segment is expected to register the highest CAGR during the forecast period.By application, the market has been segmented into predictive maintenance, energy/load forecasting, revenue assurance, energy distribution and transmission management, meter optimization, emergency response management, and others.

The energy sector is expected to lead the market, whereas the utility sector is expected to register the highest CAGR during the forecast period.Regional Analysis:The global energy and utility analytics market is projected to grow at a significant rate during the forecast period from 2019 to 2024.