Unlike other industries, utilities and telcos have limited competition, relatively static customer numbers, heavy external regulation, and capital-focused budget mechanisms. Much of utility firms’ innovation is to actively try to make customers use less of their product, given the expense of building new power generation facilities. Telcos must maintain 99.999% uptime and cover 95% or more of the population to ensure service availability and quality — an expectation that few other industries must fulfill. Despite these complexities, utility and telecom players fit the mold when it comes to cloud. This report examines the latest cloud trends and adoption patterns in the utilities and telecom industries.