target audience: TECH SUPPLIER Publication date: Jul 2023 - Document type: Market Presentation - Doc Document number: # US49866523
Industry Analysis Perspective: Asia/Pacific Utilities, 2023
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Abstract
This IDC Market Presentation is designed to provide technology vendors' sales, marketing, and product and channel managers with foundational insight into the utilities industry in Asia/Pacific in 2023. By understanding the market dynamics and industry composition in specific countries, sales, marketers, and product and channel managers will be able to determine the key areas that their technology products and services can truly add value to energy companies.
Through this report, readers will gain a comprehensive understanding of the business components and workings of the utilities industry in Asia/Pacific in 2023 and their resulting impact on IT go-to-market (GTM) strategy. The report gives a deep understanding of the industry and how it works from a regional and even a country perspective and the major players in each market.
"Asia's utilities industry is evolving to adapt to new business models and decentralization, integrating distributed energy sources and delivering personalized customer experience for consumers. They also need to ensure compliance to ever-changing regulatory requirements and policy changes. This requires investments in infrastructure to modernize and harden the grid and improve operational efficiency by making assets intelligent and leveraging advanced digitalization programs that incorporate the adoption of cloud, AI, and big data and analytics (BDA). For technology vendors in Asia/Pacific, this ongoing modernization and transformation to digital-first enterprises represent a significant opportunity, and this report gives country-level insights into the industry dynamics with the major players featured," says Rakesh Patni, associate research director, IDC Energy Insights.