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(Wireless-NewsWire.Com, March 17, 2018 ) Research Cosmos forecasts the Advanced Distributed Management System (ADMS) market size 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%. Rapid smart grid development, rise in global energy demand, and need for improved customer service and utility efficiency are some of the key factors driving the Advanced Distribution Management System market. Other driving forces include growing need for carbon efficiency and cost savings.
The ADMS market is broadly classified by type into software and services. The services segment is further divided into consulting, system integration, and support & maintenance services. Compared to software, services segment is expected to grow at the highest CAGR during the forecast period. The services in the Advanced Distribution Management System market are aimed at enabling smart and coordinated decision making process and mitigating the risks and vulnerabilities of the market using efficient tools and techniques. Moreover, these services enhance customer experience and help to meet the end-to-end needs of all the allied industries spanning the entire energy industry value chain.
Browse Market Data Tables and In-Depth TOC of the Advanced Distribution Management System Market to 2021 @ https://www.researchcosmos.com/reports/global-advanced-distribution-management-system-market-analysis-and-forecast-to-2022-growth-opportu/5444242
The system integration services segment is expected to grow at the highest CAGR during the forecast period due to the use of different compatible sub-systems in the AMDS market across the globe. System integration services in the Advanced Distribution Management System market are aimed at streamlining the business applications by integrating various modules of the utility distributed operations. These services are basically designed to help organizations achieve unification between enterprise applications. Support and maintenance services are also expected to grow at a CAGR of 23.4% during the forecast period. Support and maintenance services include 24×7 trouble shooting assistance; up-gradation of existing software solutions; problem solving; repairing of failed components; planned and unplanned outage management; engineering skills for repairs, modifications, and enhancement; emergency response management; test scenario management; and rapid on-site reaction among others.
The ADMS market is segmented across five regions, namely, North America, Asia-Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America. In North America, a detailed analysis of the U.S. and Canada markets is provided. Europe is segmented into the U.K., Germany, France, and others. The analysis shows that the spending on ADMS is increasing globally due to the increasing Information and Communications Technology (ICT) integration across utilities, especially in developing regions. North America is projected to dominate the Advanced Distribution Management System market during the forecast period owing to technological advancements and early adoption of ADMS software and services in the region. The market in APAC is expected to grow at the highest CAGR between 2016 and 2021.
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The adoption of ADMS software and services is accelerating at a steady pace in the developing regions, such as APAC and MEA. However, inadequate financial incentives prevent several utilities in these regions from adopting ADMS software and services. Moreover, interoperability and standard interface issue is a major restraining factor for the growth of the Advanced Distribution Management System market. However, worldwide increase in smart grid deployments is expected to provide significant growth opportunities.
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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