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- 15 April 2009 10:58
IDC: Australian Utility Industry Sits on Opportunities That Can Benefit Greatly from ICT Innovation and Investment
Sydney, Australia, 15 April 2009. Bracing issues such as climate change, renewable energy and smart metering, the Australian utility industry is abuzz with many opportunities that can benefit from ICT innovation and investment.
IDC has released a new report titled, Australia Utilities Information and Communications Technology Market 2008-2012 Forecast and Analysis that focuses on the utilities sector in Australia, providing a map of where short- and longer-term opportunities can be found and highlights purchasing patterns for products and services by market.
Melissa Martin, Senior Market Analyst, IDC Australia said, "An example of a recent opportunity is part of the Victorian Government-mandated Advanced Metering Infrastructure project. Victorian utilities Jemena and United Energy Distribution have recently named key suppliers in their joint $65 million project to roll out one million smart power meters across Victoria."
"The project involves Accenture for systems integration and applications and Service Stream to install the meters and the two-way wireless communications infrastructure. The new smart meters will provide for remote reading, power failure notifications, remote connections and disconnections and give customers nearly real-time readings of their electricity so they can check energy consumptions and costs. Other state governments will implement similar smart meter projects over time."
The study also found that the top business priorities in the Utilities sector in 2009-2010 will include regulatory compliance, plant engineering, plant maintenance and outage, business intelligence, mobility and smart metering.
IDC forecasts the following for the Utilities sector in Australia:
· Based on IDC's updated forecasts, ICT spending by the Utilities market in Australia will grow from A$1,120 million in 2008 to A$1,308 million in 2012 – achieving a compound annual growth rate (CAGR) of 4.0% for the forecast period.
· The Utilities market is a small and conservative spender on ICT and constitutes 2.8% of the total enterprise market in Australia. IT services spending makes up the lion’s share of utility industry spending – at 57%.
· The tight credit markets have already slowed capital spending in this industry and this is likely to continue through 2009. Fossil-fuelled and nuclear generation projects will suffer the worst due to high-risk profiles.
On IDC's website www.idc.com this report relates to document #AU386108S, Australia Utilities Information and Communications Technology Market 2008-2012 Forecast and Analysis.
For further information on the findings contained in this report or to request an analyst briefing on this topic, please contact Sally Taylor-Phillips, Marketing Communications Manager at IDC on +61 2 9925 2234 or e-mail firstname.lastname@example.org.
For media enquiries please contact Sally Taylor-Phillips, Marketing Communications Manager at IDC on +61 2 9925 2234 or e-mail email@example.com.
IDC is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. IDC helps IT professionals, business executives, and the investment community make fact-based decisions on technology purchases and business strategy. More than 1000 IDC analysts provide global, regional, and local expertise on technology and industry opportunities and trends covering over 110 countries worldwide. For more than 44 years, IDC has provided strategic insights to help our clients achieve their key business objectives. IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. You can learn more about IDC by visiting www.idc.com or www.idc.com.au.