Utilities Sector Enterprises ICT Investment Trends and Future Outlook by Segments Hardware, Software, IT Services and Network and Communications

Most enterprises have seen slight increases in their ICT budgets for internal ICT departments and business functions. This could be partially attributed to the growing enterprise focus in the utility sector toward digitally connected assets in forecasting and preventing, current and future equipment failures, along with suitable maintenance options for longer asset life.

The utilities sector enterprises ICT investment trends research report provides a thorough analysis of utilities sector enterprises ICT investment trends and how it has changed this year compared to the previous year. It also offers an easily digestible market assessment for decision-makers built around research gathered from the local IT decision makers, which enables executives to quickly get up to speed with the current and emerging trends in utility sector enterprises ICT investment priorities.

Utilities Sector Enterprises ICT Investment Budget Allocations Dynamics

GlobalData’s ICT customer insights survey reveals a positive outlook for enterprises’ ICT spending in the utilities sector, with most respondents claiming that there have been increases in their enterprises’ ICT budgets for 2022 compared with 2021. The utilities service providers are undertaking grid modernization to ensure environmental sustainability of their operations, which also involves integration of various digital technologies including IoT, analytics, and cloud.

Utilities Sector Enterprises ICT Investment Budget Allocation by ICT products/services

The key ICT products or services in the utilities sector enterprises ICT budget allocations are internal costs, hardware, software, network & communications, ICT services, consulting, and others. GlobalData’s survey findings suggest that the enterprises’ ICT budgets allocations for most ICT product/service areas in the utilities sector have increased in 2022 compared to 2021.

Utilities Sector EnteUtilities Sector Enterprises ICT Investment Budget Allocation by Business Functionsrprises ICT Investment Budget Allocation by Business Functions

The key business function in the utilities sector enterprise ICT budget allocations are procurement & operations, human resources & legal, finance & accounting, sales, marketig, & consumer relations, and research & development. GlobalData’s survey findings suggest that the enterprises’ ICT budgets allocations for most business functions in the utilities sector have increased in 2022 compared with 2021, mostly in a moderate range.

Utilities Sector Enterprises Cloud & Digital Transformation by Implementation Models

The key implementation models for utilities sector enterprise cloud & digital transformation are public cloud, private cloud, hybrid cloud, managed cloud services, and cloud management platforms.

Utilities Sector Enterprises Public Cloud Budget Allocation, By Service Type

The key types of services in utilities sector public cloud market are IaaS, PaaS, and SaaS. Most enterprises in see their public cloud computing budget allocations increase slightly for all the service types in 2022 compared to 2021.

Utilities Sector Enterprises ICT Budget Allocations By Segments

The key categories in utilities sector enterprise budget allocations are hardware budget allocations, software budget allocations, managed IT services budget allocations, ICT consulting services budget allocations, network & communication budget allocations, and private mobile networks (LTE/5G) budget allocations.

Utilities Sector Enterprises Hardware Budget Allocations By Category

The key categories in utilities sector enterprise hardware budget allocations are network equipment, security equipment, servers, storage, desktop PCs/laptops/tablets/printers, communication devices, and others. According to GlobalData’s survey, enterprises’ budget allocations across most hardware categories have witnessed moderate increases in 2022 compared with 2021.

For more insights on Utilities Sector Enterprises ICT Investment Trends, download a free report sample

Utilities Sector Enterprises ICT Investment Trends Report Overview

Scope

• Enterprises’ ICT budgets in total have increased for maintaining existing ICT infrastructure and for new IT projects; however, for the latter, a higher percentage of enterprises have increased their budget allocations
• Enterprises’ ICT budget allocations have increased slightly for most business functions, except for human resources & legal, where majority have chosen to keep the same budget.
• Enterprises’ social networking & collaboration platforms is predicted to be the most preferred C&C software for enterprise investment in the next two years
• Routers is the most dominant networking hardware and is likely to remain the most preferred investment area among enterprises’ networking hardware in the next two years

Reasons to Buy

• The report is based on GlobalData’s IT Customer Insight Survey carried out annually covering key ICT decision makers from enterprises across various industry verticals to understand their ICT investment priorities and trends.
• This survey report offers a thorough analysis of utilities sector enterprises ICT investment trends and how it has changed this year compared to previous year.
• The report also presents an analysis of enterprise ICT budget allocations by various spending areas, business functions and product/service categories and how they have changed this year compared to previous years.
• With more than 50 charts the report is designed for an executive-level audience, boasting presentation quality.
• The report provides insights in a concise format to help executives build proactive and profitable growth strategies.
• The report provides an easily digestible market assessment for decision-makers built around research gathered from the local IT decision makers, which enables executives to quickly get up to speed with the current and emerging trends in utilities sector enterprises ICT investment