Revenue for IT applications in the Western European utility market is predicted to increase from $258m in 2001 to $408m in 2006.
IDC believes this increase will occur due to the disappearance of old utility monopolies, leaving market conditions ripe for increased competition and investment in new technologies.
Software is found to be the fastest growing IT segment for the utility market, with investment driven by the implementation of advanced applications that span the whole value chain.
The report, Utilities – The Impact of European Deregulation on the Sector, can be purchased at the IDC website.
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
In our latest managing partner Q&A looking towards 2017, CVR Global's Richard Toone talks about recruitment, and the potential threat of competition from the legal sector, as key issues for the firm in the coming year
Deloitte to avoid tendering for government contracts over the next six months, to appease Theresa May following consultant's report that painted a less-than-flattering picture of Brexit plans
In our first Q&A looking towards 2017, Menzies senior partner Julie Adams flags up increasing digitisation, aligned with more hands-on consultative services, as the key mix for her practice