The energy & utility analytics market accounted for US$ 2,260.0 Mn in 2017 and is expected to grow at a CAGR of 12.5% during the forecast period 2017 – 2025, to account for US$ 5,713.3 Mn in 2025.
Adoption of various smart and connected devices by upstream, downstream, and midstream oil and gas companies as well as by utilities such as smart meters and grids are resulting into high influx of data on a periodic basis. This high volume of data when managed in structured and strategic way, helps the companies to better understand customer usage pattern and demand hikes, among others. Energy companies and utilities worldwide are increasingly implementing various analytical tools and solutions in different applications for improving production capacity, operational efficiency, and revenue streams, which enables them to  and to have an edge over competitors. These application areas include load research and forecasting, meter operation and optimization, asset management, and workforce management among others. Despite the high initial capital expenditure, increasing complexities in the operations of oil & gas and utilities industry would drive the demand for robust analytical solutions in the forthcoming years.
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The data gathered using the smart devices across the energy and utility networks provide the industries with a better understanding of their customer diversity. To further enhance their customer understanding and service pricing, the energy and utility enterprises are expected to continue to advance their capabilities to efficiently utilize the data available with them. The analytics help energy companies to reduce the pressure related to operational efficiencies, along with allowing them to save customers’ money. The energy and utilities enterprises are, therefore, expected increasingly adopt analytics solutions to ensure data-driven decision-making and smart operation management. Enhanced customer service capabilities are among the major factors bolstering the growth of the energy and utility analytics market.
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Impact of COVID-19 Pandemic on Energy and Utility Analytics Market
According to the World Health Organization (WHO), the US, India, Brazil, Russia, Peru, Columbia, South Africa, and Mexico are a few of the worst-affected countries due to the COVID-19 pandemic. The pandemic is affecting the industries worldwide; the global economy is on the verge of taking the worst hit in 2020, and the impact is likely to continue in 2021 as well. The outbreak has created significant disruptions in energy and utility sector.

The emerging smart city projects and infrastructural developments across the developing countries such as India and China have been creating the excessive opportunities for the energy and utility analytics market players. Further, various developed countries are promoting the implementation of green industrialization and use of renewable energy. Further, there is rise in use of smart devices and IoT technologies for ensuring real-time accessibility, effectiveness, controlled and easy management. Smart cities technologies has gained momentum around the globe and set for rapid transformation. They also leverage intelligent transport systems, smart waste management, and robust information technology

Companies
•	International Business Machines Corporation
•	Oracle Corporation
•	BuildingIQ, Inc.
•	Capgemini SE
•	EnergySavvy Inc.
•	Infosys Limited
•	SAP SE
•	SAS Institute Inc.
•	WegoWise, Inc.
•	Wipro Limited

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