target audience: TECH SUPPLIER Publication date: Jun 2023 - Document type: Market Presentation - Doc Document number: # US49866623
Industry Market Trends: Asia/Pacific Utilities and Natural Resources, 2023
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Abstract
This IDC Market Presentation aims to provide technology vendors with an overview of key business trends shaping the Asia/Pacific energy industry in 2023. It offers a foundation of industry knowledge to help technology vendors develop a compelling narrative that resonates with Asia/Pacific energy clients, aligns products and services with energy companies' business priorities, and demonstrates how relevant technology implementation contributes toward the achievement of their vision and goals.
"Energy companies in Asia/Pacific need to be mindful of a shifting landscape that will require them to be agile and adaptive and will expect them to embrace new innovations to ensure that they meet their customers' growing needs. They need to get themselves ready for the transition to low-carbon energy systems and will have to tackle the dueling priorities of driving efficiency from their existing assets while tackling a shifting regulatory environment and the integration of new renewable energy sources. It is only by adopting digital technologies that support decarbonization and decentralization, optimization of assets, and improved operational efficiency and safety that they can successfully navigate the energy revolution at hand," says Rakesh Patni, Associate Research Director, IDC Asia/Pacific Energy Insights.