ICT investment trends in utilities

LONDON, Jan. 30, 2017 /PRNewswire/ --

Summary
A larger proportion of utilities have indicated that they are increasing their ICT spend in 2016 compared to the previous year.


Key Findings
- Networking equipment and cyber security hardware are the two biggest items on utilities' hardware budget, likely driven by the related challenges to security and communications posed by smarter systems
- Software licenses are still the largest single item in software budgets-many utility-specific solutions are not available through XaaS models and utilities are still spending significant sums on licensing specialist and custom software such as energy market models
- IaaS is the fastest growing cloud solution, in terms of new investment

Synopsis
ICT investment trends in utilities presents the findings from a survey of 112 utility companies regarding their Information and Communications Technology (ICT) investment trends. The survey investigates how utility companies currently allocate their ICT budgets across the core areas of enterprise ICT expenditure: hardware, software, IT services, communications, and consulting. The report illustrates the core technologies that enterprises are investing in, including business intelligence, IoT, cloud computing, and network services. The survey also highlights the approach to purchasing technology adopted by utility companies. The report aims to provide a better insight to ICT vendors and service providers when pitching their solutions to utility companies. The report focuses on utility companies' ICT expenditure trends for specific business areas and technologies, identifying the top three IT projects, and understanding the business challenges faced by organizations.

In particular, it provides an in-depth analysis of the following:
- How ICT budgets are set to change in 2016 in terms of their overall size
- Allocation across the core elements of IT spend, including hardware, software, services, communications, and consulting
- Distribution of ICT money in areas such as the networks, applications, service desk, and data centers
- Which ICT functions utility companies are interested in outsourcing
- Utility companies' investment priorities based on their budget allocations across core technology categories such as cloud computing, business intelligence, network services, and security products.
- Factors that are influencing utility companies' investments in each technology category
- How utility companies' IT budgets are currently allocated across various segments within a technology category
- Utility companies' distribution of their ICT budget across various segments within a technology category
- Vendor satisfaction ratings for various core and advanced technology categories
- Insight into utility companies' preferred buying approaches
- Business objectives that utility companies are looking to achieve through their IT investment strategies
- Factors that are influencing utility companies' decisions to select an ICT provider

Reasons To Buy
- Understand how the utility companies ICT landscape is set to change in 2016 to prioritize your target market
- Comprehend how ICT money are being allocated by utility companies in specific geographies and size bands to improve your market penetration
- Make effective business decisions by recognizing the opportunities within each of the core areas of ICT spend (hardware, software, IT services, telecommunications, and consulting)
- Realign your sales initiatives by understanding the current strategic objectives of utility companies
- Enhance your market segmentation with the included, detailed breakdown of opportunities within selected technology categories (business intelligence, security products, cloud computing, and network services)
- Prioritize your focus areas by understanding which factors are influencing utility companies' decisions when selecting an ICT provider
- Understand the changes in customers' priorities and identify the business objectives that utility companies are looking to achieve through their ICT investment strategies


Download the full report: https://www.reportbuyer.com/product/4595292/

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