The report "Advanced Distribution Management System Market by Software, by Service (Consulting, System Integration, Support and Maintenance), and by Region (North America, Europe, Asia-Pacific, Middle East and Africa, Latin America) - Global Forecast to 2021", The ADMS market size is expected to grow from USD 687.2 Million in 2016 to USD 1,788.4 Million by 2021, at a Compound Annual Growth Rate (CAGR) of 21.1% during the forecast period.
The Advanced Distributed Management System (ADMS) helps utilities to minimize their outage costs and increase the production efficiency by real-time monitoring and communication. With the increasing smart grid deployments and integration of ADMS with smart devices, the demand for ADMS has increased tremendously across all the countries. Infrastructural development across the globe and increased ICT spending in the smart grid industry are also driving this market.
The ADMS market is estimated to grow USD 687.2 Million in 2016 Compound Annual Growth Rate (CAGR) of 21.1% during the forecast period. The base year considered for the study is 2014 and the market size forecast is from 2016 to 2021.
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Objectives of the Study:
This report aims to estimate the market size and future growth potential of the ADMS market across different segments such as software, services and region. The report also focuses on information regarding the key factors (drivers, restraints, opportunities, and challenges) influencing market growth. Additionally the analyze opportunities in the market for stakeholders, provide strategic profiles of the key players in the market to comprehensively analyze the core competencies, and to draw the competitive landscape of the market.
The research methodology used to estimate and forecast the ADMS market begins with capturing data on key vendor revenues through secondary research. The vendor offerings are also taken into consideration to determine market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global ADMS market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and sub-segments, which were then verified through primary research by conducting extensive interviews with key industry personnel, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments and subsegments.
Key Target Audience
• Utility platform and analytics vendors
• System design and development vendors
• System integrators/migration service providers
• Consultants/consultancies/advisory firms
• Training and education service providers
• Support and maintenance service providers
• Network service providers
• Utilities (Providers of Electricity, Gas, and Water Facilities)
On a strategic front, many companies are utilizing different growth strategies, such as mergers & acquisitions, partnerships & collaborations, and product development to increase their share in the market. In November 2015, General Electric (GE) acquired Alstom’s power and grid business. This acquisition has transformed GE’s offering in the energy sector as Alstom has added to its core industrial growth of the energy business. Similarly, on December 2015, GE and American Electric Power (AEP), the largest electric utility provider in the U.S., launched the Integrated Distribution Operating Platform (IDOP). GE and AEP will together work on business areas of developing infrastructure of advance energy, improving efficiency, and helping customers reduce their electricity cost.
Some of the major technology vendors include ABB Group, Oracle Corporation, General Electric Company, Siemens AG, Schneider Electric SE, and Indra Sistemas.
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