Energy Cloud Market – By Type, By Service Model, By Deployment Type, By Organization Size, By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030
Energy Cloud Market Overview
Energy Cloud Market is forecast to reach $36.7 billion by 2030, after growing at a CAGR of 13.9% during 2024-2030. As cloud computing services and data storage become more cost-efficient energy cloud services are becoming increasingly affordable. This affordability is driven by the dynamic scaling capabilities of cloud services which eliminate the need for companies to maintain their own data centers. Additionally, the growing demand for energy efficiency among companies and organizations is a significant driver. Businesses have recognized the substantial cost savings associated with energy-efficient practices and are increasingly focused on adopting renewable energy sources to further enhance sustainability and reduce expenses.
There is a notable increase in the decentralization of energy generation resources, including solar rooftops, wind turbines and battery storage. These resources are becoming increasingly viable for powering households and small-scale organizations. With the rising cost of fossil fuels, decentralized energy generation offers a more sustainable and cost-effective solution in the long run making it an attractive option for those seeking energy independence and long-term savings. Also, the growing adoption of microgrids, which can function independently or alongside the main grid, offers increased reliability, especially in remote or disaster-prone regions. The University of California, San Diego operates a microgrid that meets about 85% of the campus's energy needs through on-site generation, including solar power, a fuel cell and a combined heat and power (CHP) plant.
Energy Cloud Market- Report Coverage
The report: “Energy Cloud Market – Forecast (2024-2030)”, by IndustryARC, covers an in-depth analysis of the following segments of the Energy Cloud Market.
Attribute | Segment |
---|---|
By Type |
|
By Service Model |
|
By Deployment Type |
|
By Organization Size |
|
By Geography |
|
COVID-19 / Ukraine Crisis - Impact Analysis:
- The COVID-19 pandemic positively impacted the energy cloud market. As lockdowns and restrictions forced businesses to shift to remote work, the demand for cloud-based solutions increased. This led to accelerated adoption of energy cloud technologies for tasks like energy management, demand response and renewable energy integration.
- The Russia-Ukraine war had a profound impact on the energy cloud market. The conflict has disrupted energy supply chains, increased energy prices and spurred geopolitical tensions. As a result, there has been a growing focus on energy security and diversification. This led to increased investments in energy cloud solutions that can optimize energy consumption, improve grid resilience and integrate renewable energy sources.
Key Takeaways
Large Enterprises Represent the Largest Segment
Large enterprises have the largest market share in the Energy Cloud market due to their substantial energy needs, ability to invest in advanced solutions and integration of comprehensive energy management systems. As per HashiCorp 2024 State of Cloud Strategy Survey, 90% of large enterprises adopted a multi-cloud infrastructure while only 60% of small businesses and 76% of mid-sized organizations had multi-cloud infrastructure. The dominance of large enterprises is driven by the scale of their operations and the complexity of their energy management requirements. For instance, consider the outlined case study. National Grid, UK’s energy network operator, is pursuing a digital transformation strategy to improve visibility over its energy network and enhance the experience of its customers. To enable this strategy, National Grid embraced a hybrid, multicloud technology stack but this made it difficult to monitor and manage the user experience. To overcome this challenge and maintain end-to-end visibility over its hybrid, multicloud technology stack, National Grid turned to Dynatrace. National Grid adopted a dual deployment model, using Dynatrace Managed for on-premises back-end monitoring, and its SaaS platform running on AWS for a smaller set of front-end applications.
Energy Cloud Market Segment Analysis - By Type
In the energy cloud market, solutions have the largest share. Solutions encompass advanced technologies like energy cloud platforms, energy management systems, distributed energy resources (DER) and energy storage systems. These are the foundational tools required for integrating renewable energy, optimizing grid performance, and managing energy flows in real-time. According to the International Energy Agency (IEA), solar and wind power will continue to dominate renewable energy capacity additions in the coming years, driven by lower costs and supportive policies. These renewable sources are expected to more than double their capacity by 2028, reaching almost 710 GW, accounting for a record 96% of all new power additions during this period. This highlights the increasing need for energy cloud solutions to effectively integrate and manage these renewable energy sources, optimize grid performance and ensure reliable and efficient energy delivery.
North America Leads the Market
North America has the highest market share of 37% in 2023 in the Energy Cloud market due to high adoption of advanced technologies, significant investments in infrastructure and supportive regulatory frameworks. Trends like the rise of Energy as a Service (EaaS), advanced data analytics and smart grid technologies are shaping the market making it a leading region in the global Energy Cloud landscape. All the industry leading companies in cloud services such as Amazon, Google and Microsoft are North America based. According to IEA, The U.S. government launched the Grid Resilience Innovative Partnership (GRIP) Program in 2022, allocating $10.5 billion to modernize and expand the nation's electric power grid. According to BloombergNEF, energy transition investment is on the rise, with $303 billion invested in the U.S. in 2023, up 22% from the prior year.
Demand for Energy Efficiency Drives the Market
The demand for energy efficiency is a major driver in the Energy Cloud market as businesses and organizations seek to optimize their energy consumption and reduce operational costs. Cloud-based energy solutions enable real-time monitoring and analysis of energy usage helping to identify inefficiencies and implement targeted improvements. This focus on operational efficiency is driven by the need to lower energy expenses and achieve sustainability goals. A Schneider Electric 2023 survey shows that 86% of consumers prioritize making homes more energy-efficient. Other key improvements include boosting energy security (83%), enhancing cooling systems (79%), and achieving energy independence (78%). Additionally, the growing emphasis on reducing carbon footprints and meeting regulatory requirements for environmental impact further fuels the adoption of energy-efficient cloud technologies. U.S. companies are required to comply with the EU’s Corporate Sustainability Reporting Directive beginning in 2024. The regulations require disclosure of information such as climate-related financial risks, societal impact and Scope 3 emissions reporting. In September 2023, Salesforce revealed its new Net Zero Cloud technologies with AI capabilities that will make ESG reporting more efficient for companies
Concerns over Data Security and Privacy to Hamper Growth
Data security and privacy are major challenges in the Energy Cloud market as cloud solutions handle substantial amounts of sensitive operational and consumer data. Ensuring robust protection against cyber threats and adhering to stringent data protection regulations are critical concerns. Organizations must invest in advanced security measures and compliance strategies to safeguard data and maintain trust while navigating complex regulatory landscapes. According to Eviden, in 2023, 11% of cyber-attacks were directed at the energy sector, with AI and GenAI-related attacks increasing by over 300%. The cost of cybercrime is projected to rise from $9 trillion in 2024 to $13.8 trillion by 2028. The merging of IT and OT systems, the rapid expansion of IoT devices and the rise of connected and automated machinery are making traditional security measures inadequate.
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Energy Cloud Market Key Players
Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies adopted by players in the Energy Cloud Market.
The top 10 players in the Energy Cloud market are
1. Accenture Plc
2. Brillio
3. Capgemini
4. Cisco Systems, Inc
5. Siemens AG
6. Hewlett Packard Enterprise
7. IBM Corporation
8. Microsoft Corporation
9. Oracle Corporation
10. SAP SE
Scope of the Report:
Report Metric | Details |
---|---|
Base Year Considered |
2023 |
Forecast Period |
2024–2030 |
CAGR |
13.9% |
Market Size in 2030 |
$36.7 Billion |
Segments Covered |
By Type, By Service Model, By Deployment Type, By Organization Size and By Geography
|
Geographies Covered |
North America (U.S, Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Netherlands, Belgium and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, New Zealand, Singapore and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America) and Rest of the World (Middle East and Africa) |
Key Market Players |
1. Accenture Plc 2. Brillio 3. Capgemini 4. Cisco Systems, Inc 5. Siemens AG 6. Hewlett Packard Enterprise 7. IBM Corporation 8. Microsoft Corporation 9. Oracle Corporation 10. SAP SE
|
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LIST OF TABLES
1.Global Energy Cloud Market Analysis, By Solution Market 2023-2030 ($M)
1.1 Enterprise Asset Management Market 2023-2030 ($M) - Global Industry Research
1.2 Supply Chain Management Market 2023-2030 ($M) - Global Industry Research
1.3 Customer Relationship Management Market 2023-2030 ($M) - Global Industry Research
1.4 Risk And Compliance Management Market 2023-2030 ($M) - Global Industry Research
1.5 Workforce Management Market 2023-2030 ($M) - Global Industry Research
1.6 Reporting And Analytics Market 2023-2030 ($M) - Global Industry Research
2.Global Energy Cloud Market Analysis, By Service Market 2023-2030 ($M)
2.1 Professional Service Market 2023-2030 ($M) - Global Industry Research
2.2 Managed Service Market 2023-2030 ($M) - Global Industry Research
3.Global Energy Cloud Market Analysis, By Service Model Market 2023-2030 ($M)
3.1 Software A A Service Market 2023-2030 ($M) - Global Industry Research
3.2 Platform A A Service Market 2023-2030 ($M) - Global Industry Research
3.3 Infrastructure A A Service Market 2023-2030 ($M) - Global Industry Research
4.Global Energy Cloud Market Analysis, By Deployment Model Market 2023-2030 ($M)
4.1 Public Cloud Market 2023-2030 ($M) - Global Industry Research
4.2 Private Cloud Market 2023-2030 ($M) - Global Industry Research
4.3 Hybrid Cloud Market 2023-2030 ($M) - Global Industry Research
5.Global Energy Cloud Market Analysis, By Organization Size Market 2023-2030 ($M)
5.1 Small And Medium Enterprise Market 2023-2030 ($M) - Global Industry Research
5.2 Large Enterprise Market 2023-2030 ($M) - Global Industry Research
6.Global Energy Cloud Market Analysis, By Solution Market 2023-2030 (Volume/Units)
6.1 Enterprise Asset Management Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 Supply Chain Management Market 2023-2030 (Volume/Units) - Global Industry Research
6.3 Customer Relationship Management Market 2023-2030 (Volume/Units) - Global Industry Research
6.4 Risk And Compliance Management Market 2023-2030 (Volume/Units) - Global Industry Research
6.5 Workforce Management Market 2023-2030 (Volume/Units) - Global Industry Research
6.6 Reporting And Analytics Market 2023-2030 (Volume/Units) - Global Industry Research
7.Global Energy Cloud Market Analysis, By Service Market 2023-2030 (Volume/Units)
7.1 Professional Service Market 2023-2030 (Volume/Units) - Global Industry Research
7.2 Managed Service Market 2023-2030 (Volume/Units) - Global Industry Research
8.Global Energy Cloud Market Analysis, By Service Model Market 2023-2030 (Volume/Units)
8.1 Software A A Service Market 2023-2030 (Volume/Units) - Global Industry Research
8.2 Platform A A Service Market 2023-2030 (Volume/Units) - Global Industry Research
8.3 Infrastructure A A Service Market 2023-2030 (Volume/Units) - Global Industry Research
9.Global Energy Cloud Market Analysis, By Deployment Model Market 2023-2030 (Volume/Units)
9.1 Public Cloud Market 2023-2030 (Volume/Units) - Global Industry Research
9.2 Private Cloud Market 2023-2030 (Volume/Units) - Global Industry Research
9.3 Hybrid Cloud Market 2023-2030 (Volume/Units) - Global Industry Research
10.Global Energy Cloud Market Analysis, By Organization Size Market 2023-2030 (Volume/Units)
10.1 Small And Medium Enterprise Market 2023-2030 (Volume/Units) - Global Industry Research
10.2 Large Enterprise Market 2023-2030 (Volume/Units) - Global Industry Research
11.North America Energy Cloud Market Analysis, By Solution Market 2023-2030 ($M)
11.1 Enterprise Asset Management Market 2023-2030 ($M) - Regional Industry Research
11.2 Supply Chain Management Market 2023-2030 ($M) - Regional Industry Research
11.3 Customer Relationship Management Market 2023-2030 ($M) - Regional Industry Research
11.4 Risk And Compliance Management Market 2023-2030 ($M) - Regional Industry Research
11.5 Workforce Management Market 2023-2030 ($M) - Regional Industry Research
11.6 Reporting And Analytics Market 2023-2030 ($M) - Regional Industry Research
12.North America Energy Cloud Market Analysis, By Service Market 2023-2030 ($M)
12.1 Professional Service Market 2023-2030 ($M) - Regional Industry Research
12.2 Managed Service Market 2023-2030 ($M) - Regional Industry Research
13.North America Energy Cloud Market Analysis, By Service Model Market 2023-2030 ($M)
13.1 Software A A Service Market 2023-2030 ($M) - Regional Industry Research
13.2 Platform A A Service Market 2023-2030 ($M) - Regional Industry Research
13.3 Infrastructure A A Service Market 2023-2030 ($M) - Regional Industry Research
14.North America Energy Cloud Market Analysis, By Deployment Model Market 2023-2030 ($M)
14.1 Public Cloud Market 2023-2030 ($M) - Regional Industry Research
14.2 Private Cloud Market 2023-2030 ($M) - Regional Industry Research
14.3 Hybrid Cloud Market 2023-2030 ($M) - Regional Industry Research
15.North America Energy Cloud Market Analysis, By Organization Size Market 2023-2030 ($M)
15.1 Small And Medium Enterprise Market 2023-2030 ($M) - Regional Industry Research
15.2 Large Enterprise Market 2023-2030 ($M) - Regional Industry Research
16.South America Energy Cloud Market Analysis, By Solution Market 2023-2030 ($M)
16.1 Enterprise Asset Management Market 2023-2030 ($M) - Regional Industry Research
16.2 Supply Chain Management Market 2023-2030 ($M) - Regional Industry Research
16.3 Customer Relationship Management Market 2023-2030 ($M) - Regional Industry Research
16.4 Risk And Compliance Management Market 2023-2030 ($M) - Regional Industry Research
16.5 Workforce Management Market 2023-2030 ($M) - Regional Industry Research
16.6 Reporting And Analytics Market 2023-2030 ($M) - Regional Industry Research
17.South America Energy Cloud Market Analysis, By Service Market 2023-2030 ($M)
17.1 Professional Service Market 2023-2030 ($M) - Regional Industry Research
17.2 Managed Service Market 2023-2030 ($M) - Regional Industry Research
18.South America Energy Cloud Market Analysis, By Service Model Market 2023-2030 ($M)
18.1 Software A A Service Market 2023-2030 ($M) - Regional Industry Research
18.2 Platform A A Service Market 2023-2030 ($M) - Regional Industry Research
18.3 Infrastructure A A Service Market 2023-2030 ($M) - Regional Industry Research
19.South America Energy Cloud Market Analysis, By Deployment Model Market 2023-2030 ($M)
19.1 Public Cloud Market 2023-2030 ($M) - Regional Industry Research
19.2 Private Cloud Market 2023-2030 ($M) - Regional Industry Research
19.3 Hybrid Cloud Market 2023-2030 ($M) - Regional Industry Research
20.South America Energy Cloud Market Analysis, By Organization Size Market 2023-2030 ($M)
20.1 Small And Medium Enterprise Market 2023-2030 ($M) - Regional Industry Research
20.2 Large Enterprise Market 2023-2030 ($M) - Regional Industry Research
21.Europe Energy Cloud Market Analysis, By Solution Market 2023-2030 ($M)
21.1 Enterprise Asset Management Market 2023-2030 ($M) - Regional Industry Research
21.2 Supply Chain Management Market 2023-2030 ($M) - Regional Industry Research
21.3 Customer Relationship Management Market 2023-2030 ($M) - Regional Industry Research
21.4 Risk And Compliance Management Market 2023-2030 ($M) - Regional Industry Research
21.5 Workforce Management Market 2023-2030 ($M) - Regional Industry Research
21.6 Reporting And Analytics Market 2023-2030 ($M) - Regional Industry Research
22.Europe Energy Cloud Market Analysis, By Service Market 2023-2030 ($M)
22.1 Professional Service Market 2023-2030 ($M) - Regional Industry Research
22.2 Managed Service Market 2023-2030 ($M) - Regional Industry Research
23.Europe Energy Cloud Market Analysis, By Service Model Market 2023-2030 ($M)
23.1 Software A A Service Market 2023-2030 ($M) - Regional Industry Research
23.2 Platform A A Service Market 2023-2030 ($M) - Regional Industry Research
23.3 Infrastructure A A Service Market 2023-2030 ($M) - Regional Industry Research
24.Europe Energy Cloud Market Analysis, By Deployment Model Market 2023-2030 ($M)
24.1 Public Cloud Market 2023-2030 ($M) - Regional Industry Research
24.2 Private Cloud Market 2023-2030 ($M) - Regional Industry Research
24.3 Hybrid Cloud Market 2023-2030 ($M) - Regional Industry Research
25.Europe Energy Cloud Market Analysis, By Organization Size Market 2023-2030 ($M)
25.1 Small And Medium Enterprise Market 2023-2030 ($M) - Regional Industry Research
25.2 Large Enterprise Market 2023-2030 ($M) - Regional Industry Research
26.APAC Energy Cloud Market Analysis, By Solution Market 2023-2030 ($M)
26.1 Enterprise Asset Management Market 2023-2030 ($M) - Regional Industry Research
26.2 Supply Chain Management Market 2023-2030 ($M) - Regional Industry Research
26.3 Customer Relationship Management Market 2023-2030 ($M) - Regional Industry Research
26.4 Risk And Compliance Management Market 2023-2030 ($M) - Regional Industry Research
26.5 Workforce Management Market 2023-2030 ($M) - Regional Industry Research
26.6 Reporting And Analytics Market 2023-2030 ($M) - Regional Industry Research
27.APAC Energy Cloud Market Analysis, By Service Market 2023-2030 ($M)
27.1 Professional Service Market 2023-2030 ($M) - Regional Industry Research
27.2 Managed Service Market 2023-2030 ($M) - Regional Industry Research
28.APAC Energy Cloud Market Analysis, By Service Model Market 2023-2030 ($M)
28.1 Software A A Service Market 2023-2030 ($M) - Regional Industry Research
28.2 Platform A A Service Market 2023-2030 ($M) - Regional Industry Research
28.3 Infrastructure A A Service Market 2023-2030 ($M) - Regional Industry Research
29.APAC Energy Cloud Market Analysis, By Deployment Model Market 2023-2030 ($M)
29.1 Public Cloud Market 2023-2030 ($M) - Regional Industry Research
29.2 Private Cloud Market 2023-2030 ($M) - Regional Industry Research
29.3 Hybrid Cloud Market 2023-2030 ($M) - Regional Industry Research
30.APAC Energy Cloud Market Analysis, By Organization Size Market 2023-2030 ($M)
30.1 Small And Medium Enterprise Market 2023-2030 ($M) - Regional Industry Research
30.2 Large Enterprise Market 2023-2030 ($M) - Regional Industry Research
31.MENA Energy Cloud Market Analysis, By Solution Market 2023-2030 ($M)
31.1 Enterprise Asset Management Market 2023-2030 ($M) - Regional Industry Research
31.2 Supply Chain Management Market 2023-2030 ($M) - Regional Industry Research
31.3 Customer Relationship Management Market 2023-2030 ($M) - Regional Industry Research
31.4 Risk And Compliance Management Market 2023-2030 ($M) - Regional Industry Research
31.5 Workforce Management Market 2023-2030 ($M) - Regional Industry Research
31.6 Reporting And Analytics Market 2023-2030 ($M) - Regional Industry Research
32.MENA Energy Cloud Market Analysis, By Service Market 2023-2030 ($M)
32.1 Professional Service Market 2023-2030 ($M) - Regional Industry Research
32.2 Managed Service Market 2023-2030 ($M) - Regional Industry Research
33.MENA Energy Cloud Market Analysis, By Service Model Market 2023-2030 ($M)
33.1 Software A A Service Market 2023-2030 ($M) - Regional Industry Research
33.2 Platform A A Service Market 2023-2030 ($M) - Regional Industry Research
33.3 Infrastructure A A Service Market 2023-2030 ($M) - Regional Industry Research
34.MENA Energy Cloud Market Analysis, By Deployment Model Market 2023-2030 ($M)
34.1 Public Cloud Market 2023-2030 ($M) - Regional Industry Research
34.2 Private Cloud Market 2023-2030 ($M) - Regional Industry Research
34.3 Hybrid Cloud Market 2023-2030 ($M) - Regional Industry Research
35.MENA Energy Cloud Market Analysis, By Organization Size Market 2023-2030 ($M)
35.1 Small And Medium Enterprise Market 2023-2030 ($M) - Regional Industry Research
35.2 Large Enterprise Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Energy Cloud Market Revenue, 2023-2030 ($M)
2.Canada Energy Cloud Market Revenue, 2023-2030 ($M)
3.Mexico Energy Cloud Market Revenue, 2023-2030 ($M)
4.Brazil Energy Cloud Market Revenue, 2023-2030 ($M)
5.Argentina Energy Cloud Market Revenue, 2023-2030 ($M)
6.Peru Energy Cloud Market Revenue, 2023-2030 ($M)
7.Colombia Energy Cloud Market Revenue, 2023-2030 ($M)
8.Chile Energy Cloud Market Revenue, 2023-2030 ($M)
9.Rest of South America Energy Cloud Market Revenue, 2023-2030 ($M)
10.UK Energy Cloud Market Revenue, 2023-2030 ($M)
11.Germany Energy Cloud Market Revenue, 2023-2030 ($M)
12.France Energy Cloud Market Revenue, 2023-2030 ($M)
13.Italy Energy Cloud Market Revenue, 2023-2030 ($M)
14.Spain Energy Cloud Market Revenue, 2023-2030 ($M)
15.Rest of Europe Energy Cloud Market Revenue, 2023-2030 ($M)
16.China Energy Cloud Market Revenue, 2023-2030 ($M)
17.India Energy Cloud Market Revenue, 2023-2030 ($M)
18.Japan Energy Cloud Market Revenue, 2023-2030 ($M)
19.South Korea Energy Cloud Market Revenue, 2023-2030 ($M)
20.South Africa Energy Cloud Market Revenue, 2023-2030 ($M)
21.North America Energy Cloud By Application
22.South America Energy Cloud By Application
23.Europe Energy Cloud By Application
24.APAC Energy Cloud By Application
25.MENA Energy Cloud By Application
26.Accenture Plc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Ibm Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Hcl Technology Limited, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Sap Se, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Cisco Systems, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Oracle Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Capgemini, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Tata Consultancy Service, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Hewlett Packard Enterprise, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Microsoft Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Brillio, Sales /Revenue, 2015-2018 ($Mn/$Bn)
The Energy Cloud Market is projected to grow at 13.9% CAGR during the forecast period 2024-2030.
Which are the leading players in the Energy Cloud Market?
The leading players in the Energy Cloud Market are Accenture Plc, Brillio, Capgemini, cisco Systems Inc, Siemens AG and Others
Increase in the decentralization of energy generation resources and growing adoption of microgrids are some of the major Energy Cloud Market trends in the industry which will create growth opportunities for the market during the forecast period.\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\r\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\n\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\r\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\n
Growing demand for energy efficient systems, demand for cost efficiency due to cloud services and advancement in technologies such as AI and IoT are the driving factors of the market.