New York, NY -- (SBWIRE) -- 10/10/2017 -- The analysts forecast the global IT spending in energy sector to grow at a CAGR of 3.18% during the period 2016-2020.

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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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:
- Americas
- APAC
- EMEA

The 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
- Dell
- IBM
- Infosys
- SAP

Other prominent vendors
- ABB Limited
- Alcatel-Lucent
- Capgemini
- Cisco
- Systems
- GE Oil and Gas
- Hitachi
- Huawei Technologies
- HCL Technologies
- Oracle
- Siemens
- TCS

Market driver
- Digital transformation and automation of energy sector.
- For a full, detailed list, view our report

Market challenge
- System integration and interoperability issues.
- For a full, detailed list, view our report

Market trend
- Energy analytics spending is on the rise.
- For a full, detailed list, view our report

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?

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Table Of Contents – Major Key Points

PART 01: Executive summary
- Highlights

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
- Software
- Hardware

PART 07: Geographical segmentation
- Global IT spending in energy sector by geography
- Americas
- EMEA
- APAC

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
- Dell
- IBM
- Infosys
- SAP

PART 15: Appendix
- List of abbreviations

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