ComCap’s Energy & Utility Software Market Activity Report

We are pleased to present our views on the energy & utility software landscape, doing so with the aim of helping increase transparency and communication between the companies themselves as well as financial and strategic investors.

We see the companies in this report as disruptors in their individual sub-sectors driven by the greater adoption of innovative, upcoming technologies.

Our report highlights several trends that energy & utility companies are executing on – supply chain disruptions, new regulatory frameworks, and changing customer expectations have induced energy & utility entities to transform the way energy is produced, delivered, and consumed.

Key trends:

  • The global digital utility market is projected to grow at a CAGR of 11.3% during 2020-25 to reach $293BN in 2025, mainly due to growing digitalization and the emergence of several connected devices
  • Integrating IoT in energy & utility sectors opens up a world of possibilities ranging from supply chain management to smart metering, distributed microgrids, and advanced automation
  • Blockchain is disrupting the energy space and uniting all stakeholders under a decentralized network
  • AI & big data deployment is proving to be a true enabler for the energy & utility sectors
  • Internet of Energy (IoE) is being increasingly leveraged to enhance energy efficiency
  • Oil & gas companies are increasingly leveraging robotics to automate repetitive and laborious tasks
  • M&A in North American energy & utility software remained buoyant in the last couple of years with a total of 79 deals since Jan’21
  • Akin to the M&A space, private placement funding also remained vibrant over the last two years with 177 deals since Jan’21. However, total deals fell by ~20% YoY in 2022 with 72 deals as compared to 90 in 2021