Digital transformation and utility investments drive steady growth in energy software and services
BOULDER, Colo., Sept. 2, 2025 /PRNewswire/ — A new report from Guidehouse Research analyzes the global market for energy IT, OT, and analytics software and services.
Within established markets, vendors and utilities alike continue to future-proof their operations through sophisticated energy software development and utility investments. According to a new report from Guidehouse Research, utility spending on energy IT, OT, and analytics is projected to go from US$22.5 billion in 2025 to US$43.6 billion in 2034 at a compound annual growth rate (CAGR) of 7.6%.
“In the context of electric utilities, digital transformation strategies and initiatives can be visualized as a bell curve, and most utilities today rest in the middle of that curve,” said Michael Kelly, principal research analyst with Guidehouse Research. “Many employ a combination of legacy and modern software, informed by data streams and models that vary in quality and granularity. The concept of digital transformation is, nonetheless, a nearly universal component of near-, mid-, and long-term utility roadmaps.”
In mature markets, utilities and vendors continue investing in software and analytics to future-proof operations, while in emerging regions, opportunities are more targeted, focusing on select technologies that offer strong value despite infrastructure limitations, according to the report.
The report, Energy IT, OT, and Analytics, details the business, market, and technology landscape for several enterprise IT and operational technology (OT) systems, as well as a multitude of energy analytics applications. The accompanying analysis provides detailed 10-year projections across five global regions, 12 enterprise IT and OT systems, 14 energy analytics applications, and four spending types—including software license fees, implementation and integration services, annual maintenance fees, and cloud and software-as-a-service (SaaS) fees. An executive summary of the report is available for free download on the Guidehouse Research website.
About Guidehouse Research
Guidehouse Research, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Research can be found at guidehouseresearch.com.
About Guidehouse
Guidehouse is a global AI-led professional services firm delivering advisory, technology, and managed services to the commercial and government sectors. With an integrated business technology approach, Guidehouse drives efficiency and resilience in the healthcare, financial services, energy, infrastructure, and national security markets. Built to help clients across industries outwit complexity, the firm brings together approximately 18,000 professionals to achieve lasting impact and shape a meaningful future. guidehouse.com
* The information contained in this press release concerning the report, Energy IT, OT, and Analytics, is a summary and reflects the current expectations of Guidehouse Research based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Research nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
For more information, contact:
Cecile Fradkin for Guidehouse Research
+1.646.941.9139
[email protected]
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SOURCE Guidehouse Research
