The IT spending in the energy sector market is growing at a significant rate. The energy sector IT spending is driven by advanced IT solutions such as analytics,smart grids, Internet of Things (IoT), and cloud computing. The IT modernization projects in the public sector are revamping the ICT infrastructure in the energy sector. They have attracted investments in IT solutions and services.The Americas are the leading region where firms are implementing IT solutions in the energy sector. However, the demand for cloud-based services is increasing significantly in the developing regions of EMEA and APAC to boost the ICT infrastructure at minimal upfront investments.We expect the oil and gas companies to adopt the use of new technologies (such as cloud, geo-location, near-field communications, and analytics) to enhance the operational efficiency. Mobile and web services are some of the major IT investment areas that should be targeted by the oil and gas vendors during the forecast period. In addition, the solar companies are implementing analytics and cloud-based services to market solar power energy solutions in the consumer market.

PART 01: Executive summary ............................................ 5

Highlights 5

PART 02: Scope of the report ............................................. 6

Market overview 6

Countries covered 7

Top-vendor offerings 8

PART 03: Market research methodology ........................... 9

Research methodology 9

Economic indicators 9

PART 04: Introduction ....................................................... 10

Key market highlights 10

Economic overview 12

PART 05: Market landscape .............................................. 13

Market overview 13

Five forces analysis 16

PART 06: Market segmentation by technology spending ..

............................................................................ 17

Global IT spending in energy sector by technology

spending 17

IT services 17

Software 19

Hardware 21

PART 07: Geographical segmentation ............................. 23

Global IT spending in energy sector by geography 23

Americas 24

EMEA 25

APAC 26

PART 08: Market drivers ................................................... 28

Emergence of industry 4.0 technologies 28

Need to comply with regulations and guidelines 28

Increased spending in public sector projects 28

Digital transformation and automation of energy sector 29

PART 09: Impact of drivers ............................................... 30

PART 10: Market challenges ............................................. 31

High cost of upgrading smart grids 31

Data privacy and security risks 31

System integration and interoperability issues 32

Increasing operational complexities 32

PART 11: Impact of drivers and challenges .................... 33

PART 12: Market trends .................................................... 34

Energy analytics spending is on the rise 34

Emergence of cloud computing 34

Advent of Internet of Things 35

Proliferation of smart grids 36

Evolution of digital oil field framework 37

PART 13: Vendor landscape ............................................. 38

Competitive landscape 38

Other prominent vendors 39

PART 14: Key vendor profile ............................................ 42

Dell 42

IBM 44

Infosys 48

SAP 51

PART 15: Appendix ........................................................... 55

List of abbreviations 55

PART 16: Explore Technavio ............................................ 56