Energy Cloud

Energy Cloud

Global Energy Cloud Market to Reach $36.6 Billion by 2027

Amid the COVID-19 crisis, the global market for Energy Cloud estimated at US$9.5 Billion in the year 2020, is projected to reach a revised size of US$36.6 Billion by 2027, growing at a CAGR of 21.2% over the analysis period 2020-2027. Enterprise Asset Management, one of the segments analyzed in the report, is projected to record a 20.8% CAGR and reach US$10.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Supply Chain Management segment is readjusted to a revised 23.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.8 Billion, While China is Forecast to Grow at 20.8% CAGR

The Energy Cloud market in the U.S. is estimated at US$2.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.4 Billion by the year 2027 trailing a CAGR of 20.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.7% and 18.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.9% CAGR.

Customer Relationship Management (CRM) Segment to Record 24.6% CAGR

In the global Customer Relationship Management (CRM) segment, USA, Canada, Japan, China and Europe will drive the 24.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.3 Billion in the year 2020 will reach a projected size of US$6.3 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.3 Billion by the year 2027.

Select Competitors (Total 47 Featured) -

• Accenture PLC
• Brillio
• Capgemini SE
• Cisco Systems, Inc.
• HCL Technologies Ltd.
• Hewlett Packard Enterprise Development LP (HPE)
• IBM Corporation
• Microsoft Corporation
• Oracle Corporation
• SAP SE
• Tata Consultancy Services Ltd.

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