target audience: TECH BUYER Publication date: Feb 2022 - Document type: IDC MarketScape - Doc Document number: # AP46791621
IDC MarketScape: Asia/Pacific (Excluding Japan) Digital Transformation Service Providers for Utilities 2022 Vendor Assessment
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Abstract
This IDC MarketScape evaluates the leading service providers by performing a qualitative and quantitative assessment of their capabilities and strategies regarding their digital transformation offering to the utility sector across the utilities value chain.
This study is focused on the Asia/Pacific (excluding Japan) (APEJ) region and aims to support utilities in choosing their partners in their digital transformation journey. It provides context for utilities evaluating vendors in this area, examines vendors' comparative success in the marketplace, and looks at how vendor offerings will evolve. The evaluation is based on a comprehensive and rigorous framework that assesses vendors relative to the criteria and highlights the most influential factors for success in this market, both in the short and long term.
"New business models, changing customer expectations, and growing renewable investments are demanding new technological capabilities and digitalization across the business," says Jayesh Verma, senior research manager, IDC Asia/Pacific Energy Insights. "The utilities industry within Asia/Pacific is at an early stage of digital transformation and a focused approach in developing the clear vision and digital transformation road map is essential. Choosing the right service provider and partner ecosystem is crucial for digital transformation," adds Verma.