Cloud Computing in Energy Market Size, Share, By Service Model (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), Software as a Service (SaaS)), By Deployment Model (Public Cloud, Private Cloud, Hybrid Cloud), By Application (Grid Management, Renewable Energy Integration, Customer Management, and Others), By End User (Utilities, Independent Power Producers (IPPs), Oil & Gas Companies, Energy Service Companies (ESCOs)), and By Region - Trends, Analysis and Forecast till 2034

Report Code: PMI549124 | Publish Date: July 2024 | No. of Pages: 178

Cloud Computing In Energy Market Share

The Cloud Computing in Energy Market is segmented by region into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. 

Modern energy infrastructure, favorable policies, and a significant emphasis on grid stability propel the North American VPP industry. The United States and Canada are the leaders in adoption, focusing on Platform as a Service (PaaS) programs, EV charging network integration, and the use of AI in VPP administration.

Europe is on track to become the world's largest VPP market, powered by ambitious renewable energy objectives and severe decarbonization aspirations. The region's strong smart grid infrastructure and supportive legislative framework, such as the EU's Clean Energy Package, allow for rapid VPP implementation.