TECH BUYER May 2020 - Tech Buyer Presentation - Doc # AP45641120

IDC Presentation: Cloud Priorities within Asia/Pacific Utilities

By: Jayesh VermaResearch Manager

On-line Presentation

Abstract

This IDC presentation analyzes the cloud adoption and priorities in the utilities sector for the Asia/Pacific region, mainly concentrated in India, China, Australia, and New Zealand. This presentation examines Asia/Pacific utility results from IDC's most recent 2019 Industry CloudPath Survey, which studied cloud adoption, business drivers, challenges, benefits, mission-critical workloads, applications, and experiences with cloud architecture of enterprises worldwide. It covered 1,940 enterprises worldwide, including 118 utilities (with 28 Asia/Pacific [excluding Japan] [APEJ] utilities).

In the continuously disrupting market, cloud is acting at the forefront, enabling utility companies to unfold new opportunities from efficient operations to delivering changing market needs. Cloud adoption within Asia/Pacific utilities is consistently growing, and companies are investing to drive business outcomes. According to IDC, cloud deployment is scaling throughout private, public, hybrid, and industry cloud. However, the largest IT budget is allocated for on-premises enterprise private cloud, whereas public cloud services spending within Asia/Pacific (excluding Japan and China) (APEJC) utility companies is growing at a compound annual growth rate (CAGR) of 19.7%.

"To meet current challenges that utility companies in Asia/Pacific are facing, organizations must leverage cloud computing technologies. Cloud technology will play a key role in enabling utility companies to bring down costs and improve operational efficiency while also meeting rapidly changing market needs," says Jayesh Verma, research manager, Energy Insights, IDC Asia/Pacific.


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