target audience: TECH SUPPLIER  Publication date: May 2024 - Document type: Market Presentation - Doc  Document number: # US50773924

Industry DX Market Forecast: Asia/Pacific Utilities, 2024

By:  Rakesh Patni Loading


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This IDC Market Presentation focusing on the Asia/Pacific Utilities IT Application Forecast 2022–2027 aims to provide technology vendor product managers and those responsible for market/

competitive intelligence with an industry overview of IDC spending guide forecast numbers and insights into these regional utilities' market context that influence their 2024 spend. This report includes:

  • The IDC ICT market forecast for the utilities industry in Asia/Pacific
  • The IDC market forecast for IT applications for Asia/Pacific utilities
  • Insights into the key drivers and inhibitors that have impacted and will impact IT application investment sentiment in the Asia/Pacific utilities sector

The document also highlights the recent initiatives by countries and organizations while providing top-level advice for technology suppliers for pursuing a business strategy that spans across the utilities value chain.

"In the coming years, we project a robust growth in IT spending within the utilities industry in the Asia/Pacific region, with a CAGR of 15.2% over the next five years. This growth is primarily driven by utility companies investing heavily in advanced analytics, AI-powered data platforms, and collaborative applications to enhance decision-making and operational efficiencies. The strategic emphasis on integrating smart grid technologies, demand response systems, and AI-driven solutions, such as predictive grid management and digital twins, will transform operations and elevate service delivery in the sector," Rakesh Patni, associate research director, IDC Energy Insights.


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