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IDC Central Europe GmbH

Annual IT Spending by Western European Utilities to Surpass $13.0 Billion by 2016, Says IDC Energy Insights

(PresseBox) (Milan, )
According to a new IT spending forecast report published by IDC Energy Insights, total year-end IT spending by Western European utilities is expected to be $10.5 billion in 2012, with the majority (62.1%) of IT spending being dedicated to IT services. IDC Energy Insights forecasts that by 2016, Western European utilities' IT spending will surpass $13 billion, with an estimated 2011-2016 CAGR of 5.1%.

The report, which includes market sizing and forecast estimates for the utilities industry in Western Europe for 2011-2016, predicts that IT spending by technologies and sub technologies over a five-year span for software spending will see the most significant boom, growing at a 2011-2016 CAGR of 7.2%, reaching $3.1 billion by 2016. IT services also show a positive outlook, growing just below average (4.9%), while the hardware sector will grow below average (at 3.1%) between 2011 and 2016.

"The need to reduce costs and achieve operational excellence together with the need to comply with energy policies and regulation will continue to drive utilities' ICT investments," said Gaia Gallotti, senior research analyst, IDC Energy Insights. "This translates into an estimated total Western European utilities' 2011-2016 CAGR of 5.1%."

The report shows that:

- Electricity companies take the most significant share of IT spending in 2012, at 66.9% ($7 billion).
- The gas and water segments are considerably smaller, but still important, at 16% and 13% respectively.
- IT services make up 62.1% of total IT spending for utilities, making it the largest share with over $6.5 billion in 2011. Behind IT services are packaged software and hardware, which make up 22% and 15.9% of IT spending respectively.
- Among the IT spending on IT services sub technologies by utilities, implementation and operations make up the largest share with 34.4% and 25.2% respectively.

The report, Western Europe, Utilities Industry, IT Spending, 2011-2016 Forecast (IDC Energy Insights #EIOS56U, August 2012), includes market sizing and forecast estimates for the utilities industry in Western Europe for 2011-2016. It contains a downloadable pivot table, a detailed overview of the current status of the utilities sector in the top 5 Western European countries (France, Germany, Italy, Spain, and the U.K.), and an aggregate of the remaining Western European countries. The report also provides an overview of utilities' business environment and IT spending behavior, priorities, and future outlook.

IDC Central Europe GmbH

IDC Energy Insights assists energy businesses and IT leaders, as well as the suppliers that serve them, in making more effective technology decisions by providing accurate, timely, and insightful fact-based research and consulting services. Staffed by senior analysts with decades of industry experience, our global research analyzes and advises on business and technology issues facing the utility and oil and gas industries. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world's leading technology, media, research, and events company. For more information, please visit www.idc-ei.com or email info@idc-ei.com.

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