12 Sep 2022
New IDC MarketScapes Evaluate Service Providers for Energy Transition and New Business Models for Utilities and Oil & Gas Companies
MILAN, September 12, 2022 — Climate change is arguably the most pressing challenge the world faces. Governments, people, and industries — including utilities and oil and gas companies — are striving to pivot to more sustainable and decarbonized operations and existence. Utilities and oil and gas companies are knee-deep in the energy transition and reconsidering their business models. Energy transition is not new to these industries, but for the most part, what's been developed and deployed until now is just the tip of the iceberg. The innovation (and pace of innovation) that is needed for the energy transition to make an impact is still to come. For the energy transition to become mature, many of the use cases evaluated in these IDC MarketScape will need to become common instead of exceptional.
These two new reports — IDC MarketScape: Worldwide Service Providers for Energy Transition and New Utilities Business Models 2022 Vendor Assessment (IDC #US47586721, September 2022) and IDC MarketScape: EMEA Service Providers for Energy Transition and New Business Models for Oil and Gas Companies, 2022 Vendor Assessment (IDC #EUR147587021, September 2022) — evaluate service providers by performing a qualitative and quantitative assessment of their capabilities and strategies regarding their energy transition and new business model offerings for utilities and oil & gas companies. The IDC MarketScapes evaluated 16 and 14 service providers for utilities and oil & gas companies respectively, including Accenture, Atos, Capgemini, CGI, Cognizant, Deloitte, EY, HCL, Minsait, Infosys, Siemens Advanta, PWC, TCS, Tech Mahindra, and Wipro.
"The energy transition is not new to utilities, but most of what's been developed and deployed until now is just the tip of the iceberg," said Gaia Gallotti, associate research director, IDC Energy Insights. "The innovation and pace of innovation that is needed for the energy transition to make an impact is still to come. IDC Energy Insights evaluated over 40 use cases in the domains of energy transition and new utilities business models, and we found most of them to be uncommon at best. As utilities advance in their energy transition journeys, service providers supporting them are learning from full-scale deployments, integrating lessons learned, and expanding their capabilities, portfolios, and expertise, thus leading to faster momentum in utilities' energy transition ventures."
"Pivoting to a sustainable business model and achieving net zero is a long-term endeavor entailing strong stakeholder commitments," said Gaurav Verma, research manager, IDC Energy Insights. "IT business partners that can bring vision, research, and succinct analysis-based consulting capabilities combined with customer-centric design and innovation and agile IT operations capabilities will be able to add differentiated value to oil companies' energy transition journeys."
For more information about these studies or to arrange a one-to-one briefing with an IDC Energy Insights analyst, please contact Mathew Heath (+44 208 987 7107, email@example.com).
About IDC MarketScapes
The IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of IT, telecommunications, or industry-specific suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScapes provide a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT, telecommunications, or industry-specific vendors can be meaningfully compared. The framework also provides technology buyers with a transparent foundation to enable companies to independently compare the strengths and weaknesses of current and prospective vendors.
About IDC Energy Insights
IDC Energy Insights helps energy businesses and IT leaders, as well as the suppliers that serve them, to make 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 wholly owned subsidiary of IDG, the world's leading technology, media, research, and events company.
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community to make fact-based decisions on technology purchases and business strategies. More than 1,000 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries worldwide. For more than 50 years, IDC has provided strategic insights to help our clients achieve their key business objectives. IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. You can learn more about IDC by visiting www.idc.com.
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Deloitte LLP, Wipro Limited, Tata Consultancy Services Limited, Cognizant Technology Solutions Corporation, Atos SE, Ernst & Young Global Limited, Tech Mahindra Limited, Accenture plc, Capgemini Services SAS, Minsait, HCL Technologies Limited, IBM, Siemens AG, PricewaterhouseCoopers LLP, NTT DATA Corporation, Infosys Limited, CGI Group Inc.
Application development services, Business consulting services, Business process outsourcing, Cognitive/artificial intelligence, Corporate social responsibility, Governance, risk and compliance infrastructure, Green ICT and sustainability, High-performance computing, Hosting infrastructure services, IT consulting services, IT education and training, IT maintenance and support, Internet of things, Systems integration services