Global Energy and Utility Market 2021

The Global Big Data Market for the energy and utility industry is valued at USD XX Billion in 2016 and is expected to grow at a CAGR of 7.88% to reach XX Billion USD in 2021. Upcoming ‘Smart City’ projects in many countries, rising prominence of IoT and updating of old grid infrastructure are the key factors driving the market growth. However huge deployment cost and delayed rollout from government side are some of the factors hampering the market.