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Key players in the market include:
Players operating in the market are increasingly focusing on utility companies to boost the transformation of product and service offerings with the use of digital technology. The players are heavily investing on the R&D of fully connected solutions for every aspect of the utility industry.
The industry share of IoT utilities is anticipated to register gains at over 20% to 2024.
The market size of IoT utilities was valued over USD 3.6 billion in 2016.