Advanced Distribution Management System Market to grow 1,788.4 Million USD by 2021

According to a new market research 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 major drivers of this market include better cost efficiency, rising demand of energy, and higher carbon savings associated with smart grid. Furthermore, more than 200 smart city projects across the globe provide huge opportunities for ADMS vendors, service providers, software providers, and consulting companies.

Browse 37 market data tables with 41 figures spread through 112 pages and in-depth TOC on "Advanced Distribution Management System Market by Software, by Service (Consulting, System Integration, Support and Maintenance), and ay Region (North America, Europe, Asia-Pacific, Middle East and Africa, Latin America) - Global Forecast to 2021"

Request PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=208755199

Evolution of smart grid technology and accelerating demand for energy offer major opportunities for ADMS vendors and solution providers

The market size of ADMS has considerably grown over the past few years on the account of evolving smart grid and the emergence of technologies such as advanced metering infrastructure, outage management system, and energy management system. Rapid industrialization in emerging economies such as India and China has increased the demand for energy in these regions. Also, the demand for affordable and reliable energy has forced the utilities to upgrade to advanced technologies and enhance their electric and distribution network, thereby driving the adoption of ADMS.

System integration services segment is expected to grow at the highest CAGR during the forecast period

The ADMS market has been segmented into software, services, and regions. System integration and support and maintenance services are projected to grow at a high growth rate; and hence, will present good market opportunity during the forecast period. The increasing demand for system integrators to install, manage, and maintain various connected platforms acts as a major driving factor for the growth of system integrators in the ADMS market.

North America is expected to hold the largest market share in the ADMS market.

North America is expected to hold the largest market share and dominate the ADMS market from 2016 to 2021, with an increasing number of smart grid projects, rising need for energy, and increasing number of government mandates regarding carbon savings. Latin America and the Middle East & Africa (MEA) offer potential growth opportunities due to the upcoming smart grid projects, new economic and political reforms of the regions, increasing energy prices, and growing employment opportunities.

The major vendors covered in the ADMS market for this study include ABB Group (Switzerland), Oracle Corporation (U.S.), Schneider Electric SE (France), Seimens AG (Germany), and Indra Sistemas (Spain).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Shelly Singh

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: 1-888-600-6441

Email: [email protected]

Visit Our Website: https://www.marketsandmarkets.com

Content Source: https://www.marketsandmarkets.com/PressReleases/advanced-distribution-management-system.asp