The IoT In Utilities Market report demand highlights the increasing adoption of IoT solutions across electricity, water, and gas sectors worldwide. MRFR reports that the market was valued at USD 118.35 Billion in 2024 and is projected to reach USD 638.7 Billion by 2035, with a CAGR of 16.56% during the forecast period 2025–2035.
The rising demand is driven by smart metering, predictive maintenance, real-time monitoring, and advanced analytics solutions. Utilities are increasingly focused on optimizing energy consumption, reducing operational costs, and ensuring reliable service delivery.
Regional insights from the report indicate that North America and Europe are leading due to technological infrastructure and supportive regulations, while Asia-Pacific is expected to witness the fastest growth due to urbanization, industrialization, and government initiatives in smart city projects.
The report also identifies the importance of cybersecurity, AI, edge computing, and cloud-based platforms in meeting the growing demand. Companies investing in innovative IoT solutions and strategic partnerships are well-positioned to capture market opportunities.
The IoT In Utilities Market report reflects not only financial growth but also the strategic transformation occurring in the utilities sector, enabling more efficient, sustainable, and intelligent operations globally.
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