Guide Insights Estimates Global Market Estimates for Digital Models for Electric Utilities, Oil & Gas Exploration, Natural Gas Distribution, and Communications will grow at a CAGR of 15% through 2031

Market barriers include organizational inefficiencies associated with change management and cost

Boulder, Colo.And the 12 July 2022 /PRNewswire/ — A new report from Guidehouse Insights provides an overview of applications for five industry settings in which digital models may provide significant benefits: electrical utilities, telecommunications, natural gas distribution, oil and gas (O&G), and oil and gas (O&G) exploration. It also provides information on the major players in digital formats in the critical infrastructure market.

Across a wide range of industries, digital transformation has evolved from a competitive advantage to an express business requirement. According to a new report from Guidehouse Insights, the global market for digital models in exploration, production, distribution, transmission, communications, electric utilities, and natural gas distribution is expected to grow from 350 million dollars In 2022 to 1.24 billion dollars In 2031, it has a compound annual growth rate (CAGR) of 15.1%.

“Multiple interconnected factors are converging to motivate energy and utilities players to adopt digital model solutions,” he says. Clay Killingsworth, a research analyst at Guidehouse Insights. “Getting the operational efficiencies offered by replacing legacy communication and data collection methods with digital solutions is a must for energy and utilities industry participants to remain competitive in a rapidly changing market landscape.”

Despite the clear incentives, significant barriers remain to the adoption of digital models for energy and utilities customers. The main factor is cost. Despite the efficiency-driven cost savings offered by digital form solutions, start-up costs may prevent some potential customers from committing to the highest ROI digital forms use cases, according to the report.

the report, Digital models in critical infrastructurehttps://guidehouseinsights.com/reports/market-data-Smart-Streetlighting provides an overview of five industry settings where digital formats can provide significant benefits: electrical utilities, telecommunications, natural gas distribution, oil and gas midstream and upstream. oil and gas. It also provides information on the key players in the Digital Forms market, including low-end, non-coded vendors and workforce management system vendors, with a focus on power and utility applications. Furthermore, the report analyzes the projected investment in each of these industrial sectors by global region up to 2031. The discussion includes the latest market trends in digital models for power and utility applications, and an exploration of potential applications for deployment. The report concludes with detailed, actionable recommendations on how customers and suppliers should deal with this rapidly changing market. An executive summary of the report is available for free download on the Guidehouse Insights website.

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About Guidehouse Insights

Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data and standards services for today’s rapidly changing and highly regulated industries. Our vision is built on an in-depth analysis of the global clean technology markets. The team’s research methodology combines supply-side industry analysis, primary end-user research, and demand assessment, combined with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.

About the guide

Guidehouse is a leading global provider of advisory services to the public sector and commercial markets, with broad capabilities in management, technology and risk advisory. By combining our public and private sector expertise, we help clients meet their most complex challenges and navigate significant regulatory pressures focused on transformational change, business resilience, and technology-driven innovation. Across a range of consulting, advisory, outsourcing and digital services, we create innovative, scalable solutions that help our clients overcome complexities and position them for future growth and success. The company has more than 13,000 professionals in more than 50 locations around the world. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diversified expertise in the technologies, traditional and emerging markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.

* The information in this press release is regarding the report, Digital models in critical infrastructureAnd the It is a summary and reflects Guidehouse Insights’ current forecast based on market data and trend analysis. Market expectations and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or report. Please refer to the full report for a full understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or report.

For more information please contact:

Cecil Fradkin
+1.646.941.9139
cfradkin@scprgroup.com

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SOURCE Guidehouse Insights