target audience: TECH SUPPLIER Publication date: May 2023 - Document type: Market Presentation - Doc Document number: # EUR150606023
Industry Market Trends: Worldwide Utilities 2023
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Abstract
This IDC Market Presentation aims to provide technology vendors with an overview of the key business trends shaping the worldwide (WW) utilities in 2023. This report offers a foundation of industry knowledge to help technology vendors in developing compelling narratives that resonate with WW utilities clients, enable alignment of products and services with utility companies' business priorities, and demonstrate how technology implementation contributes toward the achievement of their vision and goals.
"New utility business models that revolve around decarbonization and providing new energy services have become crucial for the success of utility companies. However, these new models also bring several operational challenges that need to be addressed, such as modernizing assets and infrastructure and developing IT-related competencies," said Gaurav Verma, research manager, IDC Energy Insights.