target audience: TECH BUYER Publication date: Sep 2022 - Document type: IDC MarketScape - Doc Document number: # US47586721
IDC MarketScape: Worldwide Service Providers for Energy Transition and New Utilities Business Models 2022 Vendor Assessment
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Abstract
This IDC MarketScape evaluates service providers by performing a qualitative and quantitative assessment of their capabilities and strategies regarding their energy transition and new business models offerings for utilities across all value chain segments. With its worldwide scope, it aims to support utilities in choosing their partners on their path toward net zero and beyond. It provides context for utilities evaluating vendors in this area, examines vendors' comparative success in the marketplace, and looks at how vendors' offerings will evolve. This IDC MarketScape covers 16 vendors, and the evaluation is based on a comprehensive and rigorous framework that assesses vendors relative to the criteria and highlights the most influential factors for success in this market in the short and long term.
"Energy transition is not new to utilities, but most of what's been developed and deployed until now are just the tip of the iceberg. The innovation and pace of innovation that is needed for the energy transition to make an impact is still to come. IDC Energy Insights evaluated over 40 use cases in the domains of energy transition and new utilities business models, and we found most of them to be uncommon at best," said Gaia Gallotti, associate research director, IDC Energy Insights. "As utilities advance in their energy transition journeys, service providers supporting them are learning from full-scale deployments, integrating lessons learned, and expanding their capabilities portfolios and expertise, thus leading to faster momentum in utilities' energy transition ventures."