Navigant: Electric Utilities to Spend $247 Billion on IT, Cybersecurity Through 2028
- Feb 12, 2020 12:17 am GMT
If you’re involved in making decisions about information technology systems for an electric distribution utility, don’t be surprised if you suddenly experience an upswing in your popularity with IT vendors.
The reason is a report by Navigant Research that says utilities worldwide will spend nearly $247 billion on energy IT and cybersecurity software and services from 2019 through 2028. “Energy IT and Cybersecurity Overview” says spending on those types of software and services will rise from $18 billion last year to more than $19 billion this year and surpass $32 billion in 2028.
In its press release about the report, Navigant said it “expects IT systems and analytics to account for a significant — and growing — portion of utility investment over the next decade.”
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