Energy Management Systems Market | 2021 - 26 | Industry Share, Size, Growth - Mordor In... - 0 views
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cferiante on 29 Sep 21"The global energy management system market was valued at USD 8.2 billion in 2020 and expected to reach USD 19.91 billion by 2026 and grow at a CAGR of 16.2% over the forecast period (2021 - 2026). The increasing focus toward issues, such as managing energy consumption, optimizing the use for renewable energy sources, and reducing carbon footprint and greenhouse gas emissions, is creating a demand for EMS. Further, cloud services effectively minimize operational costs of software development and maintenance and direct the monetary costs, cost of time, and spent resources on maintaining the in-house IT professionals and infrastructure on gathering, storing, and analyzing energy data. Cloud services are an ongoing trend responsible for the growth of the market studied."