Summary

The Global IT Spending in Energy Market is valued at approximately USD 110.54 billion in 2024 and is projected to witness consistent expansion, reaching nearly USD 202.76 billion by 2035, at a CAGR of about 5.67% during the forecast period of 2025-2035. IT spending in the energy sector encompasses investments made by energy companies in digital infrastructure, software platforms, cloud ecosystems, analytics engines, and connected technologies aimed at enhancing operational efficiency, improving asset reliability, and enabling data-driven decision-making. As the global energy landscape undergoes a structural shift toward digitalization, decarbonization, and decentralization, IT systems are increasingly being woven into the fabric of energy operations to support smarter grids, predictive maintenance, and real-time energy management.
The accelerating push toward digital transformation across traditional and renewable energy value chains has significantly stepped up IT expenditure. Energy companies are increasingly leaning into cloud-based architectures, advanced analytics, and IoT-enabled platforms to bring down operational inefficiencies, optimize capital deployment, and comply with tightening regulatory frameworks. The growing complexity of energy trading, risk management, and grid operations has further fueled demand for robust IT systems capable of processing massive data volumes in real time. While cybersecurity risks and legacy infrastructure integration challenges may slow down adoption in certain regions, continuous innovation in cloud security and interoperable platforms is helping smooth out these friction points over the forecast period.

The detailed segments and sub-segments included in the report are:
By Type:
- Hardware
- Services
- IT Services
- Cloud Solutions
- Data Analytics
- IoT Solutions
By Application:
- Oil & Gas
- Power Generation
- Renewable Energy
- Utilities
- Grid Modernization
- Energy Trading & Risk Management
By Enterprise Size:
- SME
- Large Enterprise
By Deployment mode:
- On Premises
- Cloud
Among the application segments, oil & gas is expected to dominate the Global IT Spending in Energy Market throughout the forecast period. Despite growing investments in renewables, oil & gas companies continue to allocate substantial budgets toward digital technologies to enhance exploration accuracy, improve production efficiency, and manage complex global supply chains. Advanced IT platforms are being deployed to support seismic data interpretation, predictive maintenance of upstream assets, and real-time monitoring of downstream operations. As a result, oil & gas remains the largest application segment, even as other areas steadily catch up.
In terms of revenue contribution by type, IT services currently lead the market, accounting for the largest share of total spending. Energy companies are increasingly outsourcing system integration, managed services, cybersecurity, and digital consulting to specialized IT providers to accelerate transformation initiatives without overburdening internal teams. While cloud solutions and data analytics are rapidly gaining traction due to their scalability and real-time insights, IT services continue to anchor market revenues owing to long-term contracts, customization requirements, and ongoing support needs across complex energy ecosystems.
The regional landscape of the Global IT Spending in Energy Market is shaped by varied levels of digital maturity and energy infrastructure development. North America holds a dominant position, supported by early adoption of advanced IT solutions, large-scale energy enterprises, and aggressive investments in smart grid technologies. Europe follows closely, driven by sustainability mandates, renewable integration, and grid modernization programs. Asia Pacific is expected to register the fastest growth over the forecast period, propelled by rising energy demand, rapid urbanization, and large-scale digital investments in countries such as China, India, and Japan. Meanwhile, Latin America and the Middle East & Africa are gradually increasing IT spending as energy producers modernize operations and diversify energy portfolios.

Major market players included in this report are:
- Microsoft Corporation
- IBM Corporation
- Oracle Corporation
- SAP SE
- Accenture Plc
- Cisco Systems, Inc.
- Hewlett Packard Enterprise
- Schneider Electric SE
- Siemens AG
- Capgemini SE
- Infosys Limited
- Tata Consultancy Services Limited
- Wipro Limited
- Amazon Web Services, Inc.
- Google LLC

Global IT Spending in Energy Market Report Scope:
- Historical Data - 2023, 2024
- Base Year for Estimation - 2024
- Forecast period - 2025-2035
- Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
- Customization Scope - Free report customization (equivalent to up to 8 analystsf working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments and countries in recent years and to forecast their values for the coming years. The report is designed to blend qualitative insights with quantitative analysis, offering a comprehensive view of the evolving IT investment landscape within the energy sector. It further examines critical growth drivers, operational challenges, and emerging opportunities across micro-markets, while delivering a detailed assessment of the competitive environment and strategic initiatives of leading market participants.

Key Takeaways:
- Market estimates and forecasts spanning 2025 to 2035.
- Annualized revenue analysis at regional and segment levels.
- In-depth geographical insights with country-level analysis.
- Comprehensive competitive landscape and profiling of key players.
- Strategic evaluation of business approaches and future market pathways.
- Integrated demand-side and supply-side assessment of the market.

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Table of Contents

Table of Contents

Chapter 1. Global IT Spending in Energy Market Report Scope & Methodology
1.1. Research Objective
1.2. Research Methodology
1.2.1. Forecast Model
1.2.2. Desk Research
1.2.3. Top Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
1.4.1. Market Definition
1.4.2. Market Segmentation
1.5. Research Assumption
1.5.1. Inclusion & Exclusion
1.5.2. Limitations
1.5.3. Years Considered for the Study

Chapter 2. Executive Summary
2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. key Findings

Chapter 3. Global IT Spending in Energy Market Forces Analysis
3.1. Market Forces Shaping The Global IT Spending in Energy Market (2025-2035)
3.2. Drivers
3.2.1. structural shift toward digitalization, decarbonization, and decentralization
3.2.2. accelerating push toward digital transformation
3.3. Restraints
3.3.1. cybersecurity risks and legacy infrastructure integration challenges
3.4. Opportunities
3.4.1. Growing use of cloud-based architectures, advanced analytics, and IoT-enabled platforms

Chapter 4. Global IT Spending in Energy Industry Analysis
4.1. Porter’s 5 Forces Model
4.1.1. Bargaining Power of Buyer
4.1.2. Bargaining Power of Supplier
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Forecast Model (2025-2035)
4.3. PESTEL Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2025-2025)
4.7. Global Pricing Analysis And Trends 2025
4.8. Analyst Recommendation & Conclusion

Chapter 5. Global IT Spending in Energy Market Size & Forecasts by Type 2025-2035
5.1. Market Overview
5.2. Global IT Spending in Energy Market Performance - Potential Analysis (2025)
5.3. Hardware
5.3.1. Top Countries Breakdown Estimates & Forecasts, 2025-2035
5.3.2. Market size analysis, by region, 2025-2035
5.4. Services
5.4.1. Top Countries Breakdown Estimates & Forecasts, 2025-2035
5.4.2. Market size analysis, by region, 2025-2035
5.5. IT Services
5.5.1. Top Countries Breakdown Estimates & Forecasts, 2025-2035
5.5.2. Market size analysis, by region, 2025-2035
5.6. Cloud Solutions
5.6.1. Top Countries Breakdown Estimates & Forecasts, 2025-2035
5.6.2. Market size analysis, by region, 2025-2035
5.7. Data Analytics
5.7.1. Top Countries Breakdown Estimates & Forecasts, 2025-2035
5.7.2. Market size analysis, by region, 2025-2035
5.8. IoT Solutions
5.8.1. Top Countries Breakdown Estimates & Forecasts, 2025-2035
5.8.2. Market size analysis, by region, 2025-2035

Chapter 6. Global IT Spending in Energy Market Size & Forecasts by Application 2025-2035
6.1. Market Overview
6.2. Global IT Spending in Energy Market Performance - Potential Analysis (2025)
6.3. Oil & Gas
6.3.1. Top Countries Breakdown Estimates & Forecasts, 2025-2035
6.3.2. Market size analysis, by region, 2025-2035
6.4. Power Generation
6.4.1. Top Countries Breakdown Estimates & Forecasts, 2025-2035
6.4.2. Market size analysis, by region, 2025-2035
6.5. Renewable Energy
6.5.1. Top Countries Breakdown Estimates & Forecasts, 2025-2035
6.5.2. Market size analysis, by region, 2025-2035
6.6. Utilities
6.6.1. Top Countries Breakdown Estimates & Forecasts, 2025-2035
6.6.2. Market size analysis, by region, 2025-2035
6.7. Grid Modernization
6.7.1. Top Countries Breakdown Estimates & Forecasts, 2025-2035
6.7.2. Market size analysis, by region, 2025-2035
6.8. Energy Trading & Risk Management
6.8.1. Top Countries Breakdown Estimates & Forecasts, 2025-2035
6.8.2. Market size analysis, by region, 2025-2035

Chapter 7. Global IT Spending in Energy Market Size & Forecasts by Enterprise Size 2025-2035
7.1. Market Overview
7.2. Global IT Spending in Energy Market Performance - Potential Analysis (2025)
7.3. SME
7.3.1. Top Countries Breakdown Estimates & Forecasts, 2025-2035
7.3.2. Market size analysis, by region, 2025-2035
7.4. Large Enterprise
7.4.1. Top Countries Breakdown Estimates & Forecasts, 2025-2035
7.4.2. Market size analysis, by region, 2025-2035

Chapter 8. Global IT Spending in Energy Market Size & Forecasts by Deployment mode 2025-2035
8.1. Market Overview
8.2. Global IT Spending in Energy Market Performance - Potential Analysis (2025)
8.3. On Premises
8.3.1. Top Countries Breakdown Estimates & Forecasts, 2025-2035
8.3.2. Market size analysis, by region, 2025-2035
8.4. Cloud
8.4.1. Top Countries Breakdown Estimates & Forecasts, 2025-2035
8.4.2. Market size analysis, by region, 2025-2035

Chapter 9. Global IT Spending in Energy Market Size & Forecasts by Region 2025–2035
9.1. Growth IT Spending in Energy Market, Regional Market Snapshot
9.2. Top Leading & Emerging Countries
9.3. North America IT Spending in Energy Market
9.3.1. U.S. IT Spending in Energy Market
9.3.1.1. Type breakdown size & forecasts, 2025-2035
9.3.1.2. Application breakdown size & forecasts, 2025-2035
9.3.1.3. Enterprise Size breakdown size & forecasts, 2025-2035
9.3.1.4. Deployment mode breakdown size & forecasts, 2025-2035
9.3.2. Canada IT Spending in Energy Market
9.3.2.1. Type breakdown size & forecasts, 2025-2035
9.3.2.2. Application breakdown size & forecasts, 2025-2035
9.3.2.3. Enterprise Size breakdown size & forecasts, 2025-2035
9.3.2.4. Deployment mode breakdown size & forecasts, 2025-2035
9.4. Europe IT Spending in Energy Market
9.4.1. UK IT Spending in Energy Market
9.4.1.1. Type breakdown size & forecasts, 2025-2035
9.4.1.2. Application breakdown size & forecasts, 2025-2035
9.4.1.3. Enterprise Size breakdown size & forecasts, 2025-2035
9.4.1.4. Deployment mode breakdown size & forecasts, 2025-2035
9.4.2. Germany IT Spending in Energy Market
9.4.2.1. Type breakdown size & forecasts, 2025-2035
9.4.2.2. Application breakdown size & forecasts, 2025-2035
9.4.2.3. Enterprise Size breakdown size & forecasts, 2025-2035
9.4.2.4. Deployment mode breakdown size & forecasts, 2025-2035
9.4.3. France IT Spending in Energy Market
9.4.3.1. Type breakdown size & forecasts, 2025-2035
9.4.3.2. Application breakdown size & forecasts, 2025-2035
9.4.3.3. Enterprise Size breakdown size & forecasts, 2025-2035
9.4.3.4. Deployment mode breakdown size & forecasts, 2025-2035
9.4.4. Spain IT Spending in Energy Market
9.4.4.1. Type breakdown size & forecasts, 2025-2035
9.4.4.2. Application breakdown size & forecasts, 2025-2035
9.4.4.3. Enterprise Size breakdown size & forecasts, 2025-2035
9.4.4.4. Deployment mode breakdown size & forecasts, 2025-2035
9.4.5. Italy IT Spending in Energy Market
9.4.5.1. Type breakdown size & forecasts, 2025-2035
9.4.5.2. Application breakdown size & forecasts, 2025-2035
9.4.5.3. Enterprise Size breakdown size & forecasts, 2025-2035
9.4.5.4. Deployment mode breakdown size & forecasts, 2025-2035
9.4.6. Rest of Europe IT Spending in Energy Market
9.4.6.1. Type breakdown size & forecasts, 2025-2035
9.4.6.2. Application breakdown size & forecasts, 2025-2035
9.4.6.3. Enterprise Size breakdown size & forecasts, 2025-2035
9.4.6.4. Deployment mode breakdown size & forecasts, 2025-2035
9.5. Asia Pacific IT Spending in Energy Market
9.5.1. China IT Spending in Energy Market
9.5.1.1. Type breakdown size & forecasts, 2025-2035
9.5.1.2. Application breakdown size & forecasts, 2025-2035
9.5.1.3. Enterprise Size breakdown size & forecasts, 2025-2035
9.5.1.4. Deployment mode breakdown size & forecasts, 2025-2035
9.5.2. India IT Spending in Energy Market
9.5.2.1. Type breakdown size & forecasts, 2025-2035
9.5.2.2. Application breakdown size & forecasts, 2025-2035
9.5.2.3. Enterprise Size breakdown size & forecasts, 2025-2035
9.5.2.4. Deployment mode breakdown size & forecasts, 2025-2035
9.5.3. Japan IT Spending in Energy Market
9.5.3.1. Type breakdown size & forecasts, 2025-2035
9.5.3.2. Application breakdown size & forecasts, 2025-2035
9.5.3.3. Enterprise Size breakdown size & forecasts, 2025-2035
9.5.3.4. Deployment mode breakdown size & forecasts, 2025-2035
9.5.4. Australia IT Spending in Energy Market
9.5.4.1. Type breakdown size & forecasts, 2025-2035
9.5.4.2. Application breakdown size & forecasts, 2025-2035
9.5.4.3. Enterprise Size breakdown size & forecasts, 2025-2035
9.5.4.4. Deployment mode breakdown size & forecasts, 2025-2035
9.5.5. South Korea IT Spending in Energy Market
9.5.5.1. Type breakdown size & forecasts, 2025-2035
9.5.5.2. Application breakdown size & forecasts, 2025-2035
9.5.5.3. Enterprise Size breakdown size & forecasts, 2025-2035
9.5.5.4. Deployment mode breakdown size & forecasts, 2025-2035
9.5.6. Rest of APAC IT Spending in Energy Market
9.5.6.1. Type breakdown size & forecasts, 2025-2035
9.5.6.2. Application breakdown size & forecasts, 2025-2035
9.5.6.3. Enterprise Size breakdown size & forecasts, 2025-2035
9.5.6.4. Deployment mode breakdown size & forecasts, 2025-2035
9.6. Latin America IT Spending in Energy Market
9.6.1. Brazil IT Spending in Energy Market
9.6.1.1. Type breakdown size & forecasts, 2025-2035
9.6.1.2. Application breakdown size & forecasts, 2025-2035
9.6.1.3. Enterprise Size breakdown size & forecasts, 2025-2035
9.6.1.4. Deployment mode breakdown size & forecasts, 2025-2035
9.6.2. Mexico IT Spending in Energy Market
9.6.2.1. Type breakdown size & forecasts, 2025-2035
9.6.2.2. Application breakdown size & forecasts, 2025-2035
9.6.2.3. Enterprise Size breakdown size & forecasts, 2025-2035
9.6.2.4. Deployment mode breakdown size & forecasts, 2025-2035
9.7. Middle East and Africa IT Spending in Energy Market
9.7.1. UAE IT Spending in Energy Market
9.7.1.1. Type breakdown size & forecasts, 2025-2035
9.7.1.2. Application breakdown size & forecasts, 2025-2035
9.7.1.3. Enterprise Size breakdown size & forecasts, 2025-2035
9.7.1.4. Deployment mode breakdown size & forecasts, 2025-2035
9.7.2. Saudi Arabia (KSA) IT Spending in Energy Market
9.7.2.1. Type breakdown size & forecasts, 2025-2035
9.7.2.2. Application breakdown size & forecasts, 2025-2035
9.7.2.3. Enterprise Size breakdown size & forecasts, 2025-2035
9.7.2.4. Deployment mode breakdown size & forecasts, 2025-2035
9.7.3. South Africa IT Spending in Energy Market
9.7.3.1. Type breakdown size & forecasts, 2025-2035
9.7.3.2. Application breakdown size & forecasts, 2025-2035
9.7.3.3. Enterprise Size breakdown size & forecasts, 2025-2035
9.7.3.4. Deployment mode breakdown size & forecasts, 2025-2035

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Microsoft Corporation
10.2.1. Company Overview
10.2.2. Key Executives
10.2.3. Company Snapshot
10.2.4. Financial Performance (Subject to Data Availability)
10.2.5. Product/Services Port
10.2.6. Recent Development
10.2.7. Market Strategies
10.2.8. SWOT Analysis
10.3. IBM Corporation
10.4. Oracle Corporation
10.5. SAP SE
10.6. Accenture Plc
10.7. Cisco Systems, Inc.
10.8. Hewlett Packard Enterprise
10.9. Schneider Electric SE
10.10. Siemens AG
10.11. Capgemini SE
10.12. Infosys Limited
10.13. Tata Consultancy Services Limited
10.14. Wipro Limited
10.15. Amazon Web Services, Inc.
10.16. Google LLC

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List of Tables/Graphs

List of Tables

Table 1. Global IT Spending in Energy Market, Report Scope
Table 2. Global IT Spending in Energy Market Estimates & Forecasts By Region 2025–2035
Table 3. Global IT Spending in Energy Market Estimates & Forecasts By Segment 2025–2035
Table 4. Global IT Spending in Energy Market Estimates & Forecasts By Segment 2025–2035
Table 5. Global IT Spending in Energy Market Estimates & Forecasts By Segment 2025–2035
Table 6. Global IT Spending in Energy Market Estimates & Forecasts By Segment 2025–2035
Table 7. Global IT Spending in Energy Market Estimates & Forecasts By Segment 2025–2035
Table 8. U.S. IT Spending in Energy Market Estimates & Forecasts, 2025–2035
Table 9. Canada IT Spending in Energy Market Estimates & Forecasts, 2025–2035
Table 10. UK IT Spending in Energy Market Estimates & Forecasts, 2025–2035
Table 11. Germany IT Spending in Energy Market Estimates & Forecasts, 2025–2035
Table 12. France IT Spending in Energy Market Estimates & Forecasts, 2025–2035
Table 13. Spain IT Spending in Energy Market Estimates & Forecasts, 2025–2035
Table 14. Italy IT Spending in Energy Market Estimates & Forecasts, 2025–2035
Table 15. Rest Of Europe IT Spending in Energy Market Estimates & Forecasts, 2025–2035
Table 16. China IT Spending in Energy Market Estimates & Forecasts, 2025–2035
Table 17. India IT Spending in Energy Market Estimates & Forecasts, 2025–2035
Table 18. Japan IT Spending in Energy Market Estimates & Forecasts, 2025–2035
Table 19. Australia IT Spending in Energy Market Estimates & Forecasts, 2025–2035
Table 20. South Korea IT Spending in Energy Market Estimates & Forecasts, 2025–2035
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