Global Market Analysis: Advanced Distribution Management Systems
Advanced distribution management systems (ADMSs) have emerged over the past few years as a major smart grid technology innovation with the potential to unify utility distribution IT systems into a single, more efficiently managed platform. As such, the market for ADMSs has exploded with investment in marketing and R&D on behalf of many smart grid IT and combined IT/operational technology (OT) vendors, says a Navigant Research report, Advanced Distribution Management Systems: Software Purchases and Upgrades, Integration Services, Maintenance, and Analytics: Global Market Analysis and Forecasts. Although this technology is still in the midst of a steep learning curve, its direct and indirect benefits to utilities are becoming widely recognizable.
Utilities are becoming increasingly strategic in smart grid IT/OT deployments, and ADMSs are no exception. With ADMSs, however, utilities have recognized that in order to maximize its potential, they have to approach the technology with an all-hands-on-deck attitude. In the past, they had developed IT in a reactive and operationally isolated manner, doing what worked to solve the problem. Today, the utility business is going through fundamental change at the hands of efficiency and renewables targets, growing customer demands, reliability pressure, and grid-edge instability. Utilities have thus been forced to adopt a holistic approach to developing smart grid roadmaps where multiple aspects of the system enhance traditionally separate systems. According to Navigant Research, global ADMS revenue is expected to grow from $681.1 million in 2015 to $3.3 billion in 2024.
This Navigant Research report analyzes the global market opportunities for ADMSs. The study provides an assessment of current operational benefits for utilities, market drivers and barriers, regional trends, and technologies, in addition to business recommendations for both vendors and utilities. Global forecasts for software purchases and upgrades, integration services, maintenance, analytics, and software as a service (SaaS) for ADMSs, segmented by region and category, extend through 2024. The report also profiles key industry players and examines several utilities that have implemented ADMS technology to align with more ambitious smart grid initiatives and aggressive regulatory policies.
Key questions addressed
• What are the regional market drivers/inhibitors for advanced distribution management systems (ADMSs)?
• What are the different revenue opportunities for ADMSs?
• How do ADMSs benefit previous smart grid deployments?
• How do ADMSs support a more efficient distribution grid?
• How can ADMSs improve the operating efficiency of the utility and lower operating costs?
• What ADMS substitutes are available within the market?
• How does the convergence of information and operations technology (IT/OT) affect the ADMS market?
Find out more: https://www.navigantresearch.com/newsroom/advanced-distribution-management-systems-are-expected-to-exceed-3-3-billion-in-annual-revenue-by-2024.
