The North America Digital Utility Market would witness market growth of 9.5% CAGR during the forecast period (2023-2030).
Integrating IoT devices and sensors is a prevailing trend in the digital utility market. These devices enable real-time monitoring of equipment, infrastructure, and environmental conditions. Smart grids, water systems, and energy asset sensors provide valuable decision-making and predictive maintenance data. Predictive analytics, powered by machine learning and AI algorithms, is growing for predictive maintenance. Utilities leverage historical data, sensor inputs, and weather forecasts to predict equipment failures, optimize maintenance schedules, and reduce downtime.
Blockchain technology is increasingly applied in the market to enable peer-to-peer energy trading. This decentralized approach allows consumers to buy and sell excess energy directly, enhancing energy democratization and providing a revenue stream for prosumers. Edge computing is gaining traction for its ability to process data closer to the source, reducing latency and enabling real-time decision-making. In the market, edge computing supports grid monitoring, fault detection, and edge analytics applications for efficient data processing. The rollout of 5G networks is revolutionizing communication in the market. With higher data transfer speeds and lower latency, 5G facilitates seamless communication between devices and systems, supporting applications like real-time grid monitoring, asset management, and edge computing.
Canadian utilities are investing in smart grid technologies to modernize the electricity grid. Canada has witnessed widespread deployment of smart meters, forming the foundation for advanced metering infrastructure. Utilities in Canada utilize sensor technologies for water quality monitoring and leak detection. As electric vehicle adoption increases, digital utilities in Canada are expanding EV charging infrastructure. Canadian utilities provide online customer portals and mobile apps for consumers to access real-time data, pay bills, and receive notifications. Canadian utilities prioritize cybersecurity measures to protect customer data and ensure the secure operation of digital systems. Hence, the factors mentioned above will drive the regional market growth.
The US market dominated the North America Digital Utility Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $86,740.5 million by 2030. The Canada market is showcasing a CAGR of 12% during (2023 - 2030). Additionally, The Mexico market would register a CAGR of 11% during (2023 - 2030).
Free Valuable Insights: The Digital Utility Market is Predict to reach $380.9 Billion by 2030, at a CAGR of 10.2%
Based on Technology, the market is segmented into Hardware, and Integrated Solutions. Based on Network, the market is segmented into Generation, Transmission & Distribution, and Retail. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- Cognizant Technology Solutions Corporation
- Accenture PLC
- Capgemini SE
- ABB Ltd.
- General Electric Company
- Siemens AG
- Microsoft Corporation
- Oracle Corporation
- SAP SE
- IBM Corporation
North America Digital Utility Market Report Segmentation
By Technology
- Hardware
- Integrated Solutions
By Network
- Generation
- Transmission & Distribution
- Retail
By Country
- US
- Canada
- Mexico
- Rest of North America
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Digital Utility Market, by Technology
1.4.2 North America Digital Utility Market, by Network
1.4.3 North America Digital Utility Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2021, Jan – 2023, Nov) Leading Players
4.4 Porter’s Five Forces Analysis
Chapter 5. North America Digital Utility Market, By Technology
5.1 North America Hardware Market, By Country
5.2 North America Integrated Solutions Market, By Country
Chapter 6. North America Digital Utility Market, By Network
6.1 North America Generation Market, By Country
6.2 North America Transmission & Distribution Market, By Country
6.3 North America Retail Market, By Country
Chapter 7. North America Digital Utility Market, By Country
7.1 US Digital Utility Market
7.1.1 US Digital Utility Market, By Technology
7.1.2 US Digital Utility Market, By Network
7.2 Canada Digital Utility Market
7.2.1 Canada Digital Utility Market, By Technology
7.2.2 Canada Digital Utility Market, By Network
7.3 Mexico Digital Utility Market
7.3.1 Mexico Digital Utility Market, By Technology
7.3.2 Mexico Digital Utility Market, By Network
7.4 Rest of North America Digital Utility Market
7.4.1 Rest of North America Digital Utility Market, By Technology
7.4.2 Rest of North America Digital Utility Market, By Network
Chapter 8. Company Profiles
8.1 Cognizant Technology Solutions Corporation
8.1.1 Company overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Recent strategies and developments:
8.1.4.1 Product Launches and Product Expansions:
8.1.4.2 Acquisition and Mergers:
8.1.5 SWOT Analysis
8.2 Accenture PLC
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.6 SWOT Analysis
8.3 Capgemini SE
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Regional Analysis
8.3.4 Recent strategies and developments:
8.3.4.1 Partnerships, Collaborations, and Agreements:
8.3.4.2 Acquisition and Mergers:
8.3.5 SWOT Analysis
8.4 ABB Ltd.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Product Launches and Product Expansions:
8.4.5.2 Acquisition and Mergers:
8.4.6 SWOT Analysis
8.5 General Electric Company
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.6 SWOT Analysis
8.6 Siemens AG
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Product Launches and Product Expansions:
8.6.6 SWOT Analysis
8.7 Microsoft Corporation
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expenses
8.7.5 Recent strategies and developments:
8.7.5.1 Acquisition and Mergers:
8.7.6 SWOT Analysis
8.8 Oracle Corporation
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.6 SWOT Analysis
8.9 SAP SE
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.6 SWOT Analysis
8.10. IBM Corporation
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Regional & Segmental Analysis
8.10.4 Research & Development Expenses
8.10.5 Recent strategies and developments:
8.10.5.1 Partnerships, Collaborations, and Agreements:
8.10.5.2 Acquisition and Mergers:
8.10.6 SWOT Analysis
TABLE 1 North America Digital Utility Market, 2019 - 2022, USD Million
TABLE 2 North America Digital Utility Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Digital Utility Market
TABLE 4 Product Launches And Product Expansions– Digital Utility Market
TABLE 5 Acquisition and Mergers– Digital Utility Market
TABLE 6 North America Digital Utility Market, By Technology, 2019 - 2022, USD Million
TABLE 7 North America Digital Utility Market, By Technology, 2023 - 2030, USD Million
TABLE 8 North America Hardware Market, By Country, 2019 - 2022, USD Million
TABLE 9 North America Hardware Market, By Country, 2023 - 2030, USD Million
TABLE 10 North America Integrated Solutions Market, By Country, 2019 - 2022, USD Million
TABLE 11 North America Integrated Solutions Market, By Country, 2023 - 2030, USD Million
TABLE 12 North America Digital Utility Market, By Network, 2019 - 2022, USD Million
TABLE 13 North America Digital Utility Market, By Network, 2023 - 2030, USD Million
TABLE 14 North America Generation Market, By Country, 2019 - 2022, USD Million
TABLE 15 North America Generation Market, By Country, 2023 - 2030, USD Million
TABLE 16 North America Transmission & Distribution Market, By Country, 2019 - 2022, USD Million
TABLE 17 North America Transmission & Distribution Market, By Country, 2023 - 2030, USD Million
TABLE 18 North America Retail Market, By Country, 2019 - 2022, USD Million
TABLE 19 North America Retail Market, By Country, 2023 - 2030, USD Million
TABLE 20 North America Digital Utility Market, By Country, 2019 - 2022, USD Million
TABLE 21 North America Digital Utility Market, By Country, 2023 - 2030, USD Million
TABLE 22 US Digital Utility Market, 2019 - 2022, USD Million
TABLE 23 US Digital Utility Market, 2023 - 2030, USD Million
TABLE 24 US Digital Utility Market, By Technology, 2019 - 2022, USD Million
TABLE 25 US Digital Utility Market, By Technology, 2023 - 2030, USD Million
TABLE 26 US Digital Utility Market, By Network, 2019 - 2022, USD Million
TABLE 27 US Digital Utility Market, By Network, 2023 - 2030, USD Million
TABLE 28 Canada Digital Utility Market, 2019 - 2022, USD Million
TABLE 29 Canada Digital Utility Market, 2023 - 2030, USD Million
TABLE 30 Canada Digital Utility Market, By Technology, 2019 - 2022, USD Million
TABLE 31 Canada Digital Utility Market, By Technology, 2023 - 2030, USD Million
TABLE 32 Canada Digital Utility Market, By Network, 2019 - 2022, USD Million
TABLE 33 Canada Digital Utility Market, By Network, 2023 - 2030, USD Million
TABLE 34 Mexico Digital Utility Market, 2019 - 2022, USD Million
TABLE 35 Mexico Digital Utility Market, 2023 - 2030, USD Million
TABLE 36 Mexico Digital Utility Market, By Technology, 2019 - 2022, USD Million
TABLE 37 Mexico Digital Utility Market, By Technology, 2023 - 2030, USD Million
TABLE 38 Mexico Digital Utility Market, By Network, 2019 - 2022, USD Million
TABLE 39 Mexico Digital Utility Market, By Network, 2023 - 2030, USD Million
TABLE 40 Rest of North America Digital Utility Market, 2019 - 2022, USD Million
TABLE 41 Rest of North America Digital Utility Market, 2023 - 2030, USD Million
TABLE 42 Rest of North America Digital Utility Market, By Technology, 2019 - 2022, USD Million
TABLE 43 Rest of North America Digital Utility Market, By Technology, 2023 - 2030, USD Million
TABLE 44 Rest of North America Digital Utility Market, By Network, 2019 - 2022, USD Million
TABLE 45 Rest of North America Digital Utility Market, By Network, 2023 - 2030, USD Million
TABLE 46 Key Information – Cognizant Technology Solutions Corporation
TABLE 47 Key Information – Accenture PLC
TABLE 48 Key Information – Capgemini SE
TABLE 49 Key Information – ABB Ltd.
TABLE 50 Key Information – General Electric Company
TABLE 51 Key Information – Siemens AG
TABLE 52 Key Information – Microsoft Corporation
TABLE 53 Key Information – Oracle Corporation
TABLE 54 Key Information – SAP SE
TABLE 55 Key Information – IBM Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Digital Utility Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Digital Utility Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 6 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2021, Jan – 2023, Nov) Leading Players
FIG 7 Porter’s Five Forces Analysis – Digital Utility Market
FIG 8 North America Digital Utility Market share, By Technology, 2022
FIG 9 North America Digital Utility Market share, By Technology, 2030
FIG 10 North America Digital Utility Market, By Technology, 2019 - 2030, USD Million
FIG 11 North America Digital Utility Market share, By Network, 2022
FIG 12 North America Digital Utility Market share, By Network, 2030
FIG 13 North America Digital Utility Market, By Network, 2019 - 2030, USD Million
FIG 14 North America Digital Utility Market share, By Country, 2022
FIG 15 North America Digital Utility Market share, By Country, 2030
FIG 16 North America Digital Utility Market, By Country, 2019 - 2030, USD Million
FIG 17 Recent strategies and developments: Cognizant Technology Solutions Corporation
FIG 18 Swot analysis: cognizant technology solutions corporation
FIG 19 SWOT Analysis: Accenture PLC
FIG 20 Recent strategies and developments: Capgemini SE
FIG 21 SWOT Analysis: Capgemini SE
FIG 22 Recent strategies and developments: ABB Ltd.
FIG 23 SWOT Analysis: ABB ltd.
FIG 24 SWOT Analysis: General Electric Company
FIG 25 Recent strategies and developments: Siemens AG
FIG 26 SWOT Analysis: Siemens AG
FIG 27 SWOT Analysis: Microsoft Corporation
FIG 28 SWOT Analysis: Oracle Corporation
FIG 29 SWOT Analysis: SAP SE
FIG 30 Recent strategies and developments: IBM Corporation
FIG 31 SWOT Analysis: IBM Corporation