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Energy Industry ICT Budget & Staffing Investment Trends Analysis Now Available in New Research Report at MarketReportsOnline.com
Source: prweb.com
Source Date: Sunday, December 29, 2013
Focus: Citizens’ Service Delivery
Created: Dec 31, 2013

MarketReportsOnline.com offers “ICT budget and staffing trends in Energy - Enterprise ICT investment plans” research report that provides survey of 128 energy companies regarding their Information and Communications Technology (ICT) budgets and staff allocation.

 

The global energy sector has been facing major challenges owing to global economic uncertainties. Factors such as the decline in crude oil demand, price fluctuations, and delays in major energy investments are having a significant impact on global oil consumption patterns.

 

However, with the economy showing some signs of recovery, Kable’s ICT budget and staffing trends in Energy reveals that the demand for oil and gas is increasing, creating decent opportunities for companies operating in this sector.

 

The survey shows that in the current economic scenario, energy companies are planning to make reasonable investments in ICT to become more competitive. They are doing this by reducing complexity through the optimization of their IT landscape, improving operational efficiency, and complying with energy policies and regulations.

 

Complete report on available at http://www.marketreportsonline.com/302823.html .

 

Key Insights

Kable’s survey shows that a large proportion (45%) of energy companies have increased their ICT budgets either slightly or significantly in 2013 - an increase of 8% compared to 2012, reflecting optimism in technology spending in this sector. Further analysis reveals that the percentage of energy companies increasing their ICT budget either slightly or significantly is higher in the Middle East, the UK, Canada, and the US. Moreover, a 6% decline in the proportion of respondents reducing their ICT budgets in 2013 compared to 2012, and the fact that the percentage of energy companies keeping their ICT budgets flat will reduce by 2%, reflects positive sentiment in energy companies’ ICT spending.

 

According to survey the current economic scenario, energy companies are planning to make reasonable investments in ICT to become more competitive. They are doing this by reducing complexity through the optimization of their IT landscape, improving operational efficiency, and complying with energy policies and regulations.

 

Although energy companies’ average allocation for hardware has declined by 1% in 2013 compared to 2012, it still remains a key area of focus for enterprises in the sector. The demand for client computing devices such as laptops, tablets, and smartphones is having a reasonable influence on energy companies’ spending on IT hardware. Moreover, energy companies’ need to improve network & communications infrastructure in order to support the latest advancements in technology is also driving demand for IT hardware.

 

Reasons to Buy

Provides insight into manufacturers’ preferred buying approaches.

Showcases both the business and IT objectives that manufacturers are looking to achieve through their IT investment strategy.

Offers insight regarding the factors that influence manufacturers’ decisions to select a particular ICT provider.

Promotes understanding as to which organizational roles influence ICT purchasing decisions and signing off budgets.

 

Few Points from Table of Contents (http://www.marketreportsonline.com/302823-toc.html .) are listed below:

1 Trends in ICT budgets

1.1 Introduction

1.2 Survey demographics

1.3 ICT budget changes

1.4 ICT budget allocation by core technology area

1.5 ICT budget allocation by function

1.6 ICT spending by entity

1.7 IT staff distribution

 

2 Detailed ICT budget allocations

2.1 Introduction

2.2 Hardware budget breakdown

2.3 Software budget breakdowns

2.4 Third party IT services expenditure

2.5 Telecommunications budget

 

3 Summary

3.1 Energy companies are planning to make significant ICT investments to achieve operational efficiencies and comply with stringent regulations

 

4 Appendix

4.1 Definitions

4.2 Further reading

4.3 Contact the authors

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