DUBLIN, Dec 16, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global IT Spending in Energy Sector 2016-2020" report to their offering.
The report forecasts the global IT spending in energy sector to grow at a CAGR of 3.18% during the period 2016-2020.
The report 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.
One of latest trends in the market is emergence of cloud computing. The shift from CAPEX to OPEX model is the primary reason driving the increasing adoption of cloud computing solutions in several industry verticals. The key benefit of implementing cloud-based solutions is the pay-per-use pricing model, i.e. clients have to pay for what they use. The cloud-based solutions are also flexible in terms of deployment models as the cloud services are available in three deployment models - IaaS, PaaS, and SaaS. This allows clients to build their cloud-based infrastructure as per business requirements. The industrial clients can select a range of cloud computing services depending on their IT budgets and business requirements. There is no fixed upfront cost required, which is in sharp contrast to on-premises IT infrastructure. Moreover, it makes the cloud computing technologies attractive to manufacturers.
Further, the report states that one major challenge in the market is data privacy and security risks. Data privacy and security risks hinder the adoption of IoT solutions. Data collected through connected devices need to be stored on a secured database and storage systems to protect the data from external cyber-attacks. Data security concerns remain a major challenge for organizations due to the presence of many connected devices and the use of private and public networks.
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Market research methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by technology spending
Part 07: Geographical segmentation
Part 08: Market drivers
Part 09: Impact of drivers
Part 10: Market challenges
Part 11: Impact of drivers and challenges
Part 12: Market trends
Part 13: Vendor landscape
Part 14: Key vendor profile
Part 15: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/rg85fq/global_it
Laura Wood, Senior Manager
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SOURCE Research and Markets