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Energy Management Systems Market Size & Share to Surpass 87.7 Billion by 2028 | Vantage Market Research

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WASHINGTON, March 16, 2023 (GLOBE NEWSWIRE) — Global Energy Management Systems Market size was valued at $36.4 Billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 15.8% from 2022 to 2028, according to a report by Vantage Market Research. The increasing demand for energy-efficient solutions and the rising adoption of renewable energy sources are expected to drive the growth of the EMS market over the next few years.

Energy Management Systems (EMS) Market Overview

Energy Management Systems (EMS) are software-based solutions that help organizations and businesses monitor, control, and optimize their energy usage. The EMS market is growing rapidly as more companies and governments look for ways to reduce energy consumption, lower costs, and meet sustainability goals.

The EMS market is segmented by component, offering, and end-use industry. The components include software and services, while the offerings include solutions and services. The end-use industries include building automation, manufacturing, retail, healthcare, and others.

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Top Report Findings

  • The EMS market was valued at $36.4 Billion in 2021 and is expected to grow at a CAGR of 15.8% from 2022 to 2028.
  • The software component of EMS solutions dominated the market in 2022, with a share of over 50%. However, the services segment is expected to grow at a faster rate over the forecast period.
  • Building automation was the largest end-use industry for EMS solutions in 2022, accounting for over 30% of the market share. The manufacturing and retail industries are also significant end-use industries for EMS solutions.
  • North America dominated the EMS market in 2022, with a share of over 35%. This is attributed to the high adoption of energy-efficient solutions, favorable government initiatives, and the presence of major market players in the region.       
  • The Asia Pacific region is expected to witness significant growth in the EMS market over the forecast period, driven by the increasing adoption of renewable energy sources and rising demand for energy-efficient solutions in countries such as China and India.

Top Players in the Global Energy Management Systems Market

  • IBM Corporation
  • Rockwell Automation Inc.
  • General Electric Co.
  • Schneider Electric SE
  • Cisco Systems Inc.
  • Tendril Networks Inc.
  • Eaton Corporation
  • EnerNOC Inc.
  • Elster Group GMBH
  • SAP SE
  • Siemens AG
  • Honeywell International Inc.

For Additional Information on Energy Management Systems Market Players and Detail List, Download a Report PDF Brochure@ https://www.vantagemarketresearch.com/energy-management-systems-market-1602/request-sample

Market Dynamics

Government regulations and initiatives: Governments around the world are introducing regulations and initiatives to encourage the adoption of energy-efficient solutions and reduce carbon emissions. This is driving the adoption of EMS solutions across different industries.

Technological advancements: Rapid advancements in technology are enabling the development of more advanced and sophisticated EMS solutions that are easier to use and more effective in managing energy consumption.

Cost savings: EMS solutions can help organizations save on energy costs by identifying inefficiencies in energy usage and optimizing energy consumption.

Increasing demand for smart homes and buildings: The increasing popularity of smart homes and buildings is driving the adoption of EMS solutions in the building automation industry.

Growing awareness about environmental sustainability: Consumers and organizations are becoming more aware of the impact of their actions on the environment and are looking for ways to reduce their carbon footprint. This is driving the adoption of EMS solutions as a way to reduce energy consumption and meet sustainability goals.

Cybersecurity concerns: The growing use of digital technologies and cloud-based systems in EMS solutions has increased the risk of cyber threats. As a result, organizations are investing in cybersecurity measures to protect their data and systems.

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Top Trends in Global Energy Management Systems Market

Increasing adoption of cloud-based EMS: Cloud-based EMS solutions are becoming increasingly popular due to their flexibility, scalability, and cost-effectiveness. These solutions enable remote monitoring and control of energy consumption, making it easier for organizations to optimize their energy usage.

Integration of IoT and AI technologies: EMS solutions are incorporating Internet of Things (IoT) and artificial intelligence (AI) technologies to improve energy efficiency and reduce costs. IoT sensors can provide real-time data on energy usage, while AI algorithms can analyze the data and identify areas for improvement.

Focus on renewable energy sources: With the increasing adoption of renewable energy sources, such as solar and wind power, EMS solutions are being designed to manage and optimize the use of these sources. This includes integrating with smart grids and battery storage systems to ensure efficient and reliable energy supply.

Rise of energy-as-a-service (EaaS) models: EaaS models are becoming more popular, particularly in the commercial and industrial sectors. These models enable organizations to outsource their energy management to third-party providers, who use EMS solutions to optimize energy consumption and reduce costs.

Emphasis on cybersecurity: With the increasing use of digital technologies in EMS solutions, cybersecurity is becoming a major concern. Vendors are implementing robust security measures to protect their systems and data, and organizations are prioritizing cybersecurity when selecting EMS solutions.

Demand for user-friendly interfaces: As EMS solutions become more sophisticated, there is a growing demand for user-friendly interfaces that are easy to use and understand. Vendors are designing solutions with intuitive interfaces and dashboards that provide actionable insights into energy usage.

Browse market data Tables and Figures spread through 148 Pages and in-depth TOC on Energy Management Systems Market Forecast Report (2022-2028).

Key Questions Answered in the Report:

  • What is the current size and projected growth of the EMS market, and what factors are driving this growth?
  • What are the different types of EMS solutions available in the market, and what are their key features and benefits?
  • What are the major end-use industries for EMS solutions, and what are their specific energy management needs?
  • What are the key geographic regions for the EMS market, and what factors are driving growth in these regions?
  • Who are the major players in the EMS market, and what are their key product offerings and strategies?
  • What are the key trends and challenges in the EMS market, and how are vendors addressing these challenges?
  • What are the regulatory and policy frameworks governing the EMS market, and how are these frameworks impacting the market?
  • What are the key opportunities and threats in the EMS market, and how can vendors capitalize on these opportunities and mitigate these threats?

Global Energy Management Systems Market Segmentation

By Type of EMS

  • BEMS
  • IEMS
  • HEMS

By End User

  • Manufacturing
  • Power and Energy
  • IT and Tele Communication
  • Healthcare
  • Other

By Application

  • Energy Generation
  • Energy Transmission
  • Energy Monitoring

By Component

  • Hardware
  • Software
  • Services

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Read Full Report@ https://www.vantagemarketresearch.com/industry-report/energy-management-systems-market-1602

Scope of the Report:    

Report Attributes Details
Market Size in 2021 USD 36.4 Billion
Revenue Forecast by 2028 USD 87.7 Billion
CAGR 15.8% from 2022 to 2028
Base Year 2021
Forecast Year 2022 to 2028
Key Players IBM Corporation, Rockwell Automation Inc., General Electric Co., Schneider Electric SE, Cisco Systems Inc., Tendril Networks Inc., Eaton Corporation, EnerNOC Inc., Elster Group GMBH, SAP SE, Siemens AG, Honeywell International Inc.
Customization Options Customized purchase options are available to meet any research needs. Explore customized purchase options


Regional Analysis

  • North America: North America is the largest market for EMS solutions, driven by the high adoption of energy-efficient solutions and favorable government initiatives. The United States is the largest market in the region, followed by Canada and Mexico. The market is characterized by the presence of major market players and increasing adoption of cloud-based and IoT-enabled EMS solutions.
  • Europe: Europe is the second-largest market for EMS solutions, driven by the growing demand for energy-efficient solutions and the adoption of renewable energy sources. The United Kingdom, Germany, and France are the major markets in the region, with the market being characterized by a high level of technological advancements and the presence of a large number of SMEs.
  • Asia Pacific: Asia Pacific is the fastest-growing market for EMS solutions, driven by the increasing adoption of renewable energy sources and rising demand for energy-efficient solutions in countries such as China, India, and Japan. The market is characterized by the presence of a large number of small and medium-sized enterprises (SMEs), as well as major market players.
  • Middle East and Africa: The Middle East and Africa (MEA) market for EMS solutions is driven by the increasing demand for energy-efficient solutions in the commercial and industrial sectors. The market is characterized by the presence of major market players and the adoption of cloud-based and IoT-enabled EMS solutions.
  • Latin America: The Latin America market for EMS solutions is driven by the growing demand for energy-efficient solutions in the industrial sector, particularly in countries such as Brazil and Mexico. The market is characterized by the adoption of cloud-based and IoT-enabled EMS solutions and the presence of a large number of SMEs.

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Identity Governance & Administration Market Projected to Reach $24.42 billion by 2030 – Exclusive Report by 360iResearch

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PUNE, India, April 25, 2024 /PRNewswire/ — The report titled “Identity Governance & Administration Market by Component (Services, Solution), Modules (Access Certification & Compliance Control, Access Management, Identity Lifecycle Management), Organization Size, Deployment, Vertical – Global Forecast 2024-2030” is now available on 360iResearch.com’s offering, presents an analysis indicating that the market projected to grow from a size of $8.46 billion in 2023 to reach $24.42 billion by 2030, at a CAGR of 16.34% over the forecast period.

“Navigating Global Identity Governance With Key Strategies for Digital Security and Compliance”
Identity governance and administration (IGA) has emerged as a critical policy-driven approach aimed at fortifying digital identities within organizations, ensuring that proper access is provided to the right individuals for valid reasons. Across the globe, the demand for IGA solutions is on the rise, driven by the need to tackle sophisticated cyber threats, comply with stringent data protection laws, and adapt to the digitization wave sweeping through industries. Challenges include integrating these solutions with pre-existing IT frameworks, primarily in organizations reliant on legacy systems. The North American market, led by the United States and Canada, is at the forefront of this expansion, embracing technological advancements and stringent regulatory standards. Meanwhile, the Europe, Middle East, and Africa (EMEA) region is navigating its unique landscape, with the EU focusing heavily on compliance through GDPR and the Middle East and Africa gradually recognizing the value of digital security. The Asia-Pacific region is witnessing a significant uptrend in IGA solutions adoption, spurred by digital transformation initiatives and cybersecurity awareness, with China and India playing pivotal roles. This global perspective highlights the universal importance of IGA in today’s digital era, highlighting the critical balance between innovation, security, and regulatory compliance in safeguarding digital identities.
Download Sample Report @ https://www.360iresearch.com/library/intelligence/identity-governance-administration
“Navigating the New Normal With The Crucial Role of Identity Governance in Securing Hybrid Work Environments”
As businesses globally embrace the fusion of remote and traditional office work, the need for secure, hybrid workspaces becomes paramount. The shift toward flexible working models, accelerated by the COVID-19 pandemic, highlights the importance of cybersecurity and accessibility in ensuring operational continuity and a better work-life balance. Identity governance & administration (IGA) systems emerge as essential tools within this evolving work landscape. They enable organizations to manage digital identities and access rights effectively, safeguarding sensitive data against unauthorized access across diverse working environments. By ensuring that only credentialed employees can access critical information, regardless of their physical location, IGA solutions stand at the forefront of maintaining cybersecurity compliance and operational integrity. This development signifies a growing demand for robust identity governance frameworks, ensuring businesses remain resilient and secure in remote work and beyond.
“Elevating Security and Efficiency in Organizations through Specialized Identity Governance & Administration Services”
Managed and professional services provide organizations with the specialized expertise necessary for optimizing the performance and security of identity governance & administration (IGA) systems, eliminating the need for such in-depth knowledge internally. Businesses benefit from advanced skills that enhance system functionality and safeguard sensitive data by outsourcing specific IGA tasks. From the initial stages of integration and implementation, ensuring seamless incorporation with existing infrastructures, to ongoing support and maintenance for consistent system reliability and up-to-dateness, these services form the foundation of effective IGA strategies. Furthermore, training and consulting play a pivotal role, equipping companies with the understanding and capability to utilize their IGA systems to the fullest. IGA solution is a critical technological tool designed to streamline the management of user access rights across organizations, bolstering security, operational efficiency, and compliance with regulatory standards. This comprehensive approach to IGA facilitates a more secure, efficient, and compliant organizational environment, empowering businesses to focus on core objectives and ensure their data remains protected.
Request Analyst Support @ https://www.360iresearch.com/library/intelligence/identity-governance-administration
“International Business Machines Corporation at the Forefront of Identity Governance & Administration Market with a Strong 7.09% Market Share”
The key players in the Identity Governance & Administration Market include Broadcom, Inc., SAP SE, Oracle Corporation, Microsoft Corporation, International Business Machines Corporation, and others. These prominent players focus on strategies such as expansions, acquisitions, joint ventures, and developing new products to strengthen their market positions.
“Introducing ThinkMi: Revolutionizing Market Intelligence with AI-Powered Insights for the Identity Governance & Administration Market”
We proudly unveil ThinkMi, a cutting-edge AI product designed to transform how businesses interact with the Identity Governance & Administration Market. ThinkMi stands out as your premier market intelligence partner, delivering unparalleled insights with the power of artificial intelligence. Whether deciphering market trends or offering actionable intelligence, ThinkMi is engineered to provide precise, relevant answers to your most critical business questions. This revolutionary tool is more than just an information source; it’s a strategic asset that empowers your decision-making with up-to-the-minute data, ensuring you stay ahead in the fiercely competitive Identity Governance & Administration Market. Embrace the future of market analysis with ThinkMi, where informed decisions lead to remarkable growth.
Ask Question to ThinkMi @ https://app.360iresearch.com/library/intelligence/identity-governance-administration
“Dive into the Identity Governance & Administration Market Landscape: Explore 197 Pages of Insights, 654 Tables, and 26 Figures”
PrefaceResearch MethodologyExecutive SummaryMarket OverviewMarket InsightsIdentity Governance & Administration Market, by ComponentIdentity Governance & Administration Market, by ModulesIdentity Governance & Administration Market, by Organization SizeIdentity Governance & Administration Market, by DeploymentIdentity Governance & Administration Market, by VerticalAmericas Identity Governance & Administration MarketAsia-Pacific Identity Governance & Administration MarketEurope, Middle East & Africa Identity Governance & Administration MarketCompetitive LandscapeCompetitive PortfolioInquire Before Buying @ https://www.360iresearch.com/library/intelligence/identity-governance-administration
Related Reports:
Privileged Identity Management Market – Global Forecast 2024-2030Identity & Access Management Professional Services Market – Global Forecast 2024-2030Digital Identity Solutions Market – Global Forecast 2024-2030About 360iResearch
Founded in 2017, 360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset — our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
Contact 360iResearchMr. Ketan Rohom360iResearch Private Limited,Office No. 519, Nyati Empress,Opposite Phoenix Market City,Vimannagar, Pune, Maharashtra,India – 411014.Email: [email protected]: +1-530-264-8485India: +91-922-607-7550
To learn more, visit 360iresearch.com or follow us on LinkedIn, Twitter, and Facebook.
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Enghouse Video Partners With SONIFI Health To Deliver Advanced Telehealth Solutions In Hospital Rooms

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MARKHAM, ON, April 25, 2024 /PRNewswire/ — Enghouse Video, a global leader in cutting-edge video technology solutions, today announced its partnership with SONIFI Health, enhancing virtual care in hospital settings.

SONIFI Health is a leading U.S. healthcare technology company based in Sioux Falls, South Dakota. The new partnership leverages and integrates Enghouse Video room systems technology to support SONIFI Health’s commitment to expanding telehealth applications and system optimizations in hospital settings.
Enghouse’s VidyoRooms solution, a sophisticated video conferencing technology that combines both software and hardware solutions, has been fully integrated into SONIFI Health’s interactive TV systems. This integration provides up to 4K high-quality video conferencing, multi-party sessions and robust security features that ensure full compliance with healthcare regulations.
Enghouse Video offers an immersive telehealth platform to support collaborative interdisciplinary care, improved patient outcomes and cost savings. The platform is flexible and simple, delivering the reliability, interoperability, and scalability needed for today’s healthcare environment. A key strength of the partnership is its offering of back-end integrations like patient portals, medical devices, EMR, tele-sitting, remote patient observation and consultation.
“Hospitals can choose the telehealth partner that’s right for them, and we incorporate that solution with interactive TV,” said Brian Nido, SONIFI Health’s Vice President of Customer Success. “Using the hardware and systems they already have in patient rooms helps hospitals reduce costs and maximize the value of their existing investments, while benefiting both clinicians and patients.”
SONIFI Health and Enghouse Video continue to collaborate closely to further refine and enhance the telehealth solutions provided to healthcare facilities. This partnership reflects a shared commitment to leveraging technology to create smarter hospital rooms and improve patient care across the healthcare spectrum.
About Enghouse VideoEnghouse Video, part of the Enghouse Interactive division, is a subsidiary of Enghouse Systems Limited, a vertically focused software and services company traded on the Toronto Stock Exchange (TSX: ENGH). Through highly secure, scalable and flexible Cloud-based or On Prem services, we deliver one of the world’s highest quality and most innovative video platform to video-enable any application or idea. From advanced video conferencing and collaboration tools to state-of-art enterprise video management, Enghouse Video is a unique player in multiple markets, including telehealth. Learn more at www.enghousevideo.com, read our blog, or follow us on Twitter at @EnghouseVideo, on LinkedIn, and on Facebook.
About SONIFI HealthSONIFI Health provides market-leading interactive patient engagement technology proven to improve patient outcomes and staff productivity. The EHR-integrated platform is designed to enhance patient and family experiences while increasing staff satisfaction and organizations’ operational efficiencies. As part of SONIFI Solutions, Inc., the company annually supports more than 300 million end user experiences. Learn more at sonifihealth.com.
Enghouse Video Contact: Sylvain Awad, Director, Demand Generation, Enghouse Video, part of Enghouse Interactive Division, [email protected]

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Global Insurance Provider Selects 3CLogic to Streamline AI and Contact Center Capabilities with ServiceNow

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Multinational Insurance Broker to deploy 3CLogic’s solution with ServiceNow’s Financial Service Operations (FSO) platform to streamline customer experiences.
ROCKVILLE, Md., April 25, 2024 /PRNewswire/ — 3CLogic, the leading Conversational AI and Contact Center solution for ServiceNow®, today announced its selection by a global insurance provider to replace its existing contact center infrastructure as part of a larger CX transformation effort. The strategic decision is designed to complement the organization’s use of ServiviceNow’s Financial Services Operations (FSO) offering leveraged across a number of its existing product lines including Customer Warranty Claims, Roadside Assistance, and Home Warranties.

Serving millions of customers worldwide with innovative insurance and protective products, the organization required a solution that would enhance its recent investment in the ServiceNow platform as it works to transform its end-to-end customer service operations. The deployment will incorporate several of 3CLogic’s AI-powered capabilities purpose-built for ServiceNow, including Conversational AI, Speech Analytics, and AI Performance & Coaching, along with integrated call transcriptions, convenient 2-way SMS, and ServiceNow-centralized contact center reporting.
“We continue to see enterprises eager to complement their existing investment in digital platforms, such as ServiceNow, with contact center features purpose-built to extend the workflows and features they already have and use,” explains Matt Durkin, VP of Global Sales at 3CLogic. “It’s no secret that organizations are already juggling too many systems, often with overlapping capabilities, which impacts ROI and operational efficiency. We’re proud to offer an alternative approach that helps simplify the technology stack while optimizing the overall operational costs and outcomes.”
Recently named to Constellation Research’s 2024 Shortlist for Digital Customer Service and Support, 3CLogic has seen global adoption of its solution by leading enterprises in healthcare, manufacturing, travel, retail, higher education, finance, non-profits, and Managed Service Providers across five continents. As a ServiceNow-certified Technology and Build partner with offerings available for ServiceNow’s IT Service Management, Customer Workflows, HR Service Delivery, and Source-to-Pay solutions, the company will be unveiling its latest set of capabilities at ServiceNow’s annual Knowledge 2024 event this May in Las Vegas.
For more information, please contact [email protected].
About 3CLogic3CLogic transforms customer and employee experiences with its leading Cloud Contact Center and AI solutions purpose-built to enhance today’s leading CRM and Customer Service Management platforms. Globally available and leveraged by the world’s leading brands, its offerings empower enterprise organizations with innovative features such as intelligent self-service, generative and Conversational AI, agent automation & coaching, and AI-powered sentiment analytics – all designed to lower operational costs, maximize ROI, and optimize each interaction across IT Service Desks, Customer Support, Sales or HR Services teams. For more information, please visit www.3clogic.com.
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