Energy Utility Analytics Market: Rising Energy Demand Worldwide to Remain Key Influencer of Growth By 2024
To capitalize on prevailing opportunities in the energy sector, companies operating in the utility and energy industry are transitioning from conventional to smarter energy systems to facilitate transmission of information in newer and more effective ways. In a report, titled “ Energy Utility Analytics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024 ,” Transparency Market Research (TMR) provides a comprehensive overview of the various factors supporting or restraining the market’s trajectory between 2016 and 2024. Energy utility analytics facilitate real-time analysis of various process, thus enabling in operation optimization via isolation of failures and inefficiencies. The global energy utility analytics market operates on paradigms such as risk management & vendor performance, spend analytics, demand forecasting, inventory optimization, logistics and routine analytics, and predictive analytics. Considering the surging energy demand, t...