The global advanced distribution management system market size is likely to attain over USD 3035.0 million by the year 2028. Besides, it is likely to project a CAGR of nearly 19.9% during the forecast years 2021-2027. ADMS market is driven by the need for improving customer service and utility efficiency and carbon and cost saving. The adoption of ADMS acts as a driver as the integration of ADMS with smart devices is increasingly being adopted.
The present and future ADMS market progress is summarized to conclude the attractiveness of the entire market. Also, prime factors that influence the factoring market opportunities during the forecast year are factors such as the infrastructural development and rising demand in developing economies and rapid adoption of smart grid technology are the key factor driving the market growth for ADMS market.
Also, strict regulations by governments to reduce carbon emissions will offer immense growth opportunities which wil drive the market. Furthermore, expanding need for further developed client support and utility effectiveness is additionally expected to fuel the market development in the forthcoming years.
The report also emphasizes several distinctiveness of the global ADMS industry by valuing the market from value chain breakdown. Moreover, the report encompasses numerous qualitative features of the ADMS industry which comprises market restraints, drivers, as well as key industry opportunities. Furthermore, the report offers an inclusive evaluation of the company profiling along with the market rivalry of local and global vendors.
The ADMS market has tough competition among the new emerging and pre-established market vendors. Besides, the ADMS industry vendors are trying to capture the prospective markets to grab a competitive advantage over the remaining industry vendors. To capture the market, market players are forming agreements, acquiring other companies & startups, mergers & acquisitions, partnerships & collaboration, and escalating their business existence.
In terms of the system, the market is categorized into supervisory control & data acquisition (SCADA), distribution management system (DMS), outage management systems (OMS), and others. The scada segment is predicted to achieve the largest growth during the forecast years 2021-2028. This increase is due to the the increasing deployment of SCADA in sectors such as oil & gas, as well as other sectors for reducing the loss and for optimizing production.
In terms of the type, the market is categorized into software and services. The service segment is predicted to achieve the largest growth during the forecast years 2021-2028. The software segment has witnessed highest growth in recent years.
The North America is likely to gather noteworthy growth through the forecast years 2021-2028. The growth of the ADMS market in this region is mostly due to the owing of technological advancements and early adoption of ADMS software and services in the region. However, the growth in Asia Pacific and Europe region is likely due to the technological advancements and penetration of supervisory control & data acquisition (SCADA).
The major players of the global ADMS market are Oracle Corporation, ABB Group, Indra Sistemas, Schneider Electric, Advanced Control Systems, Open Systems International, Inc., Cisco Systems, General Electric Company, Hitachi, Survalent Technology, Advanced Control Systems LLC, Emerson Electric Co., ETAP Operation Technology Inc. Renowned companies are offering ADMS solutions. In addition, the previously recognized as well as new market players are approaching the market with advanced and new strategic services and solutions and to remain competitive in the global market.
Segment Overview of Global Advanced Distribution Management System Market
System Overview, 2021-2028 (USD Million)
- Supervisory Control & Data Acquisition (SCADA)
- Distribution Management System (DMS)
- Outage Management Systems (OMS)
Type Overview, 2021-2028 (USD Million)
Regional Overview, 2021-2028 (USD Million)
- North America
- Asia Pacific
- Middle East and Africa (MEA)
- South America