target audience: TECH SUPPLIER Publication date: Jun 2024 - Document type: Market Presentation - Doc Document number: # US50774224
Industry Digital Transformation Market Forecast: European Utilities, 2024
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Abstract
This IDC Market Presentation offers an industry digital transformation (DX) market forecast for European utilities that provides technology suppliers with an overview of worldwide utilities spending for DX and insights into the market context influencing their DX spend for 2024.
It enables an understanding of the European utilities' DX spending in the context of DX spend, and it highlights how utilities are investing across industry-specific DX strategic priorities.
By looking at the size of the market and the fastest-growing areas, tech suppliers executives can better evaluate:
- Areas for investment in products or services development
- Sales and marketing campaign prioritization
- Market penetration
Used with other industry intelligence reports, this document can help tech providers to gain competitive advantage in European utilities sector.
"European utilities have been one of the frontrunners in the adoption of digital innovations worldwide. The trend continues, and the sector seems to have a positive outlook in terms of digital transformation spending. In such a demand-driven market, tech players will continue driving digital innovation to seize growing opportunities," said Gaurav Verma, research director, IDC Energy Insights.