Annual IT spending by Western European utilities to reach $13.5 billion by 2018

According to a new IT spending forecast report published by IDC Energy Insights, total year-end IT spending by Western European utilities is expected to reach $13.5 billion by 2018, with an estimated 2013–2018 CAGR of 4.1%. Analyzing current IT spending, total year-end IT spending by Western European utilities is expected to be $11.6 billion in 2014, with electricity companies accounting for the largest share of spending, at 67% or $7.7 billion of the total.

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