Jan 12, 2018   SOURCE: BusinessWire

Global Advanced Distribution Management System (ADMS) Market Research Report 2017 - 2023 - Research and Markets

The "Global Advanced Distribution Management System (ADMS) Market Research Report Insights, Opportunity Analysis, Market Shares and Forecast, 2017 - 2023" report has been added to ResearchAndMarkets.com's offering.

Advanced Distribution Management System Market Remains Strong at CAGR 20.6% Till 2023

The global ADMS market is driven by several key drivers such as increase in the demand for energy globally, rapid smart grid development and need for improved customer service and better utility efficiency. Carbon and cost savings acts as an additional global ADMS market driver.

Moreover, the global ADMS market has some key growth opportunities such as rising demand for energy in emerging economies and notable infrastructural development in the mentioned developing countries. The integration of ADMS with smart devices such as smartphones, tablets and Kindle are expected to act as an additional growth opportunity for the global ADMS market over the forecast period 2016-2023.

However, the global ADMS market growth faces a few challenges including, resistant to change and adoption of new technologies and cyber security-related challenges. Furthermore, the global ADMS market faces a few major restraints such as inadequate financial incentives for utilities and issues related to standard interface and interoperatibility.

The global ADMS market is segmented into two major segments including, by type and by end-user. The global ADMS market by type is further sub-segmented into software and service. The service sub-segment is further bifurcated into system integration, consulting and support and maintenance sub-segments. The global ADMS market by end-user is further sub-segmented into three key sub-segments including, industrial end-user, commercial end-user and residential end-user.

Market Determinants

Market Drivers

  • Fast Smart Grid Development
  • Expansion of Global Energy Demand
  • Requirement of Enhanced Utility Efficiency And Customer Service
  • Carbon And Cost Savings

Market Restraints

  • Insufficient Financial Incentives for Utilities
  • Interoperatibility And Standard Interface

Market Opportunities

  • Integration of Adms With Smart Devices
  • Increasing Demand in Developing Economies And Infrastructural Development

Market Challenges

  • Cyber Security Issues
  • Resistant Towards Change And Adoption of New Technologies

Companies Mentioned

  • ABB Group (Switzerland))
  • Advanced Control Systems (U.S.)
  • Alstom (U.S.)
  • CA Technologies (U.S.)
  • Etap/Operation Technology, Inc. (U.S.)
  • General Electric Company(U.S.)
  • Indra Sistemas (Spain)
  • Microsoft Corporation (U.S.)
  • Open Systems International, Inc. (U.S.)
  • Oracle Corporation (U.S.)
  • Sap (U.S.)
  • Schneider Electric Se(France)
  • Siemensag (Germany)
  • Survalent Technology (U.S.)
  • Vmware (U.S.)

For more information about this report visit https://www.researchandmarkets.com/research/wcgrmb/global_advanced?w=4