target audience: TECH SUPPLIER  Publication date: Jul 2023 - Document type: Market Presentation - Doc  Document number: # US49866423

Industry Market Forecast: Asia/Pacific Utilities, 2023

By:  Rakesh Patni Loading

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Abstract


This IDC Market Presentation focusing on the Asia/Pacific Utilities IT Application Forecast 2021–2026 aims to provide technology vendor product managers and those responsible for market/competitive intelligence with an industry overview of IDC spending guide forecast numbers and insights into these regional utilities' market context that influence their 2023 spend. This report includes:

  • The IDC ICT market forecast for the utilities industry in Asia/Pacific
  • The IDC market forecast for IT applications for Asia/Pacific utilities
  • Insights into key drivers and inhibitors that have impacted and will impact IT application investment sentiment in the Asia/Pacific utilities sector

The document also highlights recent initiatives by countries and organizations while providing top-level advice for technology suppliers for pursuing a business strategy that spans across the utilities value chain.

"In Asia/Pacific, the utilities sector is growing steadily. Utilities providers are embracing IT enterprise solutions, combined with industry 4.0 capabilities, to build digital-first enterprises. This is helping them improve productivity, efficiency, and product and service quality and meet growing customer expectations. Investment in IT infrastructure, services, and applications is essential for organizations in this sector to stay competitive and thrive," says Rakesh Patni, associate research director, IDC Asia/Pacific Energy Insights.



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