Analyst Insight: Megatrends Impacting Energy IT

The competitive landscape for energy IT is characterized by a diverse mix of established OEMs, multinational software vendors, and a growing set of smaller, niche solution providers. Many of these stakeholders are building on conventional innovations with a wide mix of forward-looking business and technology reorientations. While product and strategy roadmaps naturally vary by vendor, common macrotrends include architectural transformations, revamped pricing and deployment models, streamlined upgrade frameworks, mobility, and cloud enablement.

These macrotrends mirror industry-wide shifts throughout the energy software market. However, energy IT providers are also responding to unique challenges and opportunities with enhanced capabilities in support of asset performance management (APM; e.g., AMS), end-to-end distributed energy resource management (e.g., edge DERMS), complex rate management (e.g., CIS), single view of the customer (e.g., CRM), seamless operational technology (OT) integrations (e.g., GIS), second-generation smart metering (e.g., MDMS), and automated dispatching (e.g., MWMS).

This Guidehouse Insights Analyst Insight examines the megatrends impacting the energy IT marketplace. It provides key insights and market forecasts at the system level in addition to supplemental SWOT analyses, leveraging insights from Guidehouse Insights’ recently published Energy IT, OT, and Analytics report and Energy IT Forecast Database 4Q23.