ICT investment trends in energy Market Report, patterns through to the end of 2016

Albany, New York, December 19, 2016: Market Research Hub (MRH) has recently added a new research study on “ICT Investment Trends In Energy”. The energy sector has been affected by plunging prices, economic slowdown in emerging economies, and geopolitical change and instability, leading energy companies to adopt cost cutting measures to increase the efficiency and monetary return from the existing infrastructure. As a result, energy companies have taken a step towards improving ICT policies and initiatives.

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Key Findings

- Kables survey reveals that hardware and software are the prime areas of focus among energy companies.
-Energy companies are making considerable investments in data center facilities and service desk functionality.
-Increase customer satisfaction, survival, and competitive advantage is the most important business objective influencing the IT investment strategy of energy companies.

Synopsis

ICT investment trends in energy presents the findings from a survey of 114 energy companies regarding their Information & Communications Technology (ICT) investment trends. The survey investigates how energy 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 energy companies are investing in, including security products, IoT, cloud computing, and network services. The survey also highlights the approach to purchasing technology adopted by energy companies. Through Kables survey, the report aims to provide a better insight to ICT vendors and service providers when pitching their solutions to energy companies. The report focuses on energy companies ICT expenditure trends for specific business areas and technologies, identifying the top three IT projects, and understanding the business challenges faced by organizations.

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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 energy companies are interested in outsourcing
- Energy companies investment priorities based on their budget allocations across core technology categories such as security products, IoT, cloud computing, and network services
- Factors that are influencing energy companies investments in each technology category
- How energy companies IT budgets are currently allocated across various segments within a technology category
- Energy 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 energy companies preferred buying approaches
- Business objectives that energy companies are looking to achieve through their IT investment strategies.

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This release was published on openPR.