Global Utilities Private Network Market: Introduction

A private network is a network that uses private IP address space. Increasing adoption of advanced automation systems in electric, gas, and water utilities has raised the demand for more reliable and secure wireless data networks. Companies are developing advanced networks to manage thousands of remote devices installed on field, thus creating utilities private network market.

Global Utilities Private Network Market: Dynamics

Increasing Concerns regarding Cybersecurity in Utilities

The rising number of cybersecurity attacks in utilities is one of the major factors driving the demand for private networks. For instance, in 2015, Ukraine was affected by a power grid cyber-attack, in which hackers switched off 30 substations and nearly 225 thousand people were left without electricity for 1-6 hours. Similarly, in 2016, Israel experienced the largest cyber-attack on its power generation and distribution system, wherein hackers changed the power consumption data. In order to overcome such issues, utility companies require utilities private network so as to automate operations and protect their networks from various threats.

North America Held a Leading Share in 2019 in the Utilities Private Network Market

Based on region, the global utilities private network market can be segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

North America held a dominant share of the global utilities private network market in 2019. It is expected to continue its dominance throughout the forecast period. Rise in the adoption of smart grids and increasing number of cyber-attacks in North America are some of the key factors responsible for the dominant position of the region in the global utilities private network market. For instance, according to the U.S. Department of Homeland Security (DHS), 198 cyber attacks happened in 2012 across all sectors, of which 41% of attacks occurred in the energy sector.

The utilities private network market in Asia Pacific is expected to expand at the maximum CAGR during the forecast period. India, China, Japan, and Australia are major countries of the utilities private network market in the region. Rising government initiatives for adoption of smart grids is one of the key driving factors for the utilities private network market in Asia Pacific. For instance, in 2015, the Government of India launched the National Smart Grid Mission plan to monitor policies and programs related to smart grid activities in the country.

Electric Utility Segment Held a Major Market Share in 2019

Based on end-user, the global utilities private network market can be segmented into electric utility, gas utility, and water utility. The electric utility segment is expected to hold the leading market share in 2019 and the trend is anticipated to continue throughout the forecast period. Increasing installation of smart grids is one of the major factors driving the demand for utilities private networks for use to protect power networking systems from cyber attacks.

Key Players Operating in Global Utilities Private Network Market

Key players in the global utilities private network market are listed below:

  • Anterix inc
  • Nokia Corporation
  • MIMOMAX
  • AT&T Inc
  • Cisco Systems, Inc.
utilities private network market

Figure: Global Utilities Private Network Market, by Company

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Global Utilities Private Network Market: Research Scope

Global Utilities Private Network Market, by End-user

  • Electric Utility
  • Gas Utility
  • Water Utility
utilities private network market 1

Figure: Global Utilities Private Network Market, by End-user

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Global Utilities Private Network Market, by Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Rest of South America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa
utilities private network market 2

Figure: Global Utilities Private Network Market , by Region

 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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