Dublin, March 24, 2023 (GLOBE NEWSWIRE) -- The "Advanced Distribution Management System Market By Solution, By Organization Size, By End Use Vertical: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
The advanced distribution management system market was valued at $1,948.6 million in 2021, and is projected to reach $11,206.6 million by 2031, registering a CAGR of 19.3% from 2022 to 2031.
Key Market Players
- Eaton Corporation Plc (Tripp Lite)
- General Electric
- Hitachi, Ltd
- litron inc.
- Mitsubishi Electric Corporation
- Oracle Corporation
- Schneider Electric SE
- Siemens AG
- innowatts
- Wipro Limited
The advanced distribution management system (ADMS) enables utility providers to fulfill the requirements of their customers in terms of dependability, voltage stability, utilization of energy from renewable sources, data protection, and resistance to risks such as natural disasters.
The need for integrated single platforms is likely to increase during the forecast period, which is expected to lead to a noticeable expansion in the advanced distribution management system market. Furthermore, surge in adoption of smart grid applications and rise in reliance on automated metering systems drive the growth of the market.
However, the primary problem constraining market development is the pervasive concerns regarding data privacy and cyber security. On the other hand, rise in demand for electric vehicles is anticipated to drive the growth of the advanced distribution management systems market during the forecast period.
The global advanced distribution management system market research is segmented into solution, organization size, end use vertical and regions. On the basis of Solution, the market is bifurcated into ADMS platforms and services. the services segment is further sub-segmented into support & maintenance services, consulting and integration & implementation.
By organization size, it is divided into small & medium-sized enterprises (SMEs) and large enterprises. Based on the end use vertical the market is segmented into energy & utilities, defense & government, manufacturing, transportation & logistics, telecom, IT & ITeS and others.
Key Benefits
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the advanced distribution management system market analysis from 2021 to 2031 to identify the prevailing advanced distribution management system market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the advanced distribution management system market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global advanced distribution management system market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Solution
- ADMS Platforms
- Services
- Services
- Support and Maintenance Services
- Consulting
- Integration and Implementation
By Organization Size
- SMEs
- Large Enterprise
By End Use Vertical
- Energy and Utilities
- Defense and Government
- Manufacturing
- Transportation and Logistics
- Telecom
- IT and ITeS
- Others
By Region
- North America
- U. S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value (USD) in 2021 | $1948.6 million |
| Forecasted Market Value (USD) by 2031 | $11206.6 million |
| Compound Annual Growth Rate | 19.1% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/s4g9ot
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