Advanced Distributed Management System Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Albany, NY -- (SBWire) -- 09/04/2018 --An advanced distribution management system is a software platform that facilitates the full suite of optimization and distribution management. It operates automate outage restoration and optimizes the performance of the distribution grid. Various applications of advanced distribution management system include fault location, isolation, and service restoration (FLISR), planning function, volt/VAR control, and advanced forecasting using supervisory control and data acquisition (SCADA) system.

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The advanced distributed management system market has been experiencing massive growth in the recent years due to rapid development in smart grid technology and rise in global energy demand. Government regulations mandating the deployment of advanced distributed management system to enhance the carbon efficiency and reduce the cost is expected to drive the market in near term. Additionally, increasing need for improved customer service and utility efficiency is further expected to fuel the market growth.

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The global advanced distributed management system market is segmented on the basis of type, end user and geography. Based on the type, the market is classified into software and services. Services is further sub segmented into consulting, system integration and support and maintenance.

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Among these, system integration is expected to dominate the market during the forecast period. Increasing demand for system integrators to install, manage and maintain various connected platforms is a major driving factor for the growth of the system integration segment.