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Follow on Google News | Increasing ICT Investment Trends to Positively Boost the Energy MarketOver the last hundred years, energy in the form of oil & electricity and ICT have played increasingly important roles in the processes of economic growth & industrialization. Initially, the report discusses that from the past few years' energy companies across the globe are continuously facing major issues relating to price fluctuations and a weakening in demand for crude oils due to the global economic uncertainties. Moreover, Kable's survey shows that in the current economic scenario in the market, 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 productivity and by meeting the terms of energy policies & regulations. Request for Sample Report: http://www.marketresearchhub.com/ With the growth in population and improvement in living standards, the demand for energy is expected to witness a rising trend. The energy demand is further driven by the development of urban infrastructures and the migration of public from rural to urban areas. To overcome this issue, Energy companies are gradually moving towards technology investment trends. Increase customer satisfaction, survival and competitive advantage is the most important business objective that is influencing the ICT investment strategy of energy companies. Furthermore, the report discusses ICT budget allocation which is further classified by core technology area and function. On the basis of core technology area it covers: • Hardware budget breakdown • Software budget breakdown • Cloud computing budget • Communications expenditure • Third-party IT services expenditure The hardware budget of energy companies is largely dominated by network & communications equipment; however, software licenses and SaaS (software as a service) led the software budget of energy companies in 2015. Additionally, the report also illustrates the core technologies that energy companies are investing such as security products, IoT (Internet of Things), cloud computing and network services. Browse Full Info with TOC: http://www.marketresearchhub.com/ In the end, the report focuses on energy companies ICT expenditure trends for specific business areas and technologies, identifying the top three IT projects and considering the business challenges faced by organizations. About Market Research Hub Market Research Hub (http://www.marketresearchhub.com/) MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients. Contact Us 90 State Street Albany, NY 12207, United States Toll Free : 866-997-4948 (US-Canada) Tel : +1-518-621-2074 Email : press@marketresearchhub.com Website : http://www.marketresearchhub.com Follow Us- https://www.linkedin.com/ End
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