Global IT Spending in Energy Sector Expected To Grow At CAGR Of 3.18% Between Years 2016-2020

“The Report Global IT Spending in Energy Sector 2016-2020 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. –”

About  IT Spending in Energy Sector Market

IT spending comprises the spending of the enterprise on the procurement of IT solutions and services in the energy sector. Energy firms like the oil and gas companies along with the power companies require IT solutions such as on-premises of cloud-based software solutions, networking devices, equipment, and IT support services.

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Technavios analysts forecast the global IT spending in energy sector to grow at a CAGR of 3.18% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global IT spending in energy sector for 2016-2020. To calculate the market size, the report considers the revenue generated by vendors providing IT products, solutions, and services for energy firms operating businesses in the oil and gas and the power sectors.

The market is divided into the following segments based on geography:




Technavio’s report, Global IT Spending in Energy Sector 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors





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Other prominent vendors

ABB Limited





GE Oil and Gas


Huawei Technologies

HCL Technologies




Market driver

Digital transformation and automation of energy sector.

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Market challenge

System integration and interoperability issues.

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Market trend

Energy analytics spending is on the rise.

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Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analysts time when you purchase this market report. Details are provided within the report.

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Table of Contents

PART 01: Executive summary


PART 02: Scope of the report

Market overview

Countries covered

Top-vendor offerings

PART 03: Market research methodology

Research methodology

Economic indicators

PART 04: Introduction

Key market highlights

Economic overview

PART 05: Market landscape

Market overview

Five forces analysis

PART 06: Market segmentation by technology spending

Global IT spending in energy sector by technology spending

IT services



PART 07: Geographical segmentation

Global IT spending in energy sector by geography




PART 08: Market drivers

Emergence of industry 4.0 technologies

Need to comply with regulations and guidelines

Increased spending in public sector projects

Digital transformation and automation of energy sector

PART 09: Impact of drivers

PART 10: Market challenges

High cost of upgrading smart grids

Data privacy and security risks

System integration and interoperability issues

Increasing operational complexities

PART 11: Impact of drivers and challenges

PART 12: Market trends

Energy analytics spending is on the rise

Emergence of cloud computing

Advent of Internet of Things

Proliferation of smart grids

Evolution of digital oil field framework

PART 13: Vendor landscape

Competitive landscape

Other prominent vendors

PART 14: Key vendor profile





PART 15: Appendix

List of abbreviations

PART 16: Explore Technavio

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