Grid Operations Management Software Market Projections Analysis 2018-2026

Press Release

Grid Operations Management Software Market – Overview 

Globally, electric grid network operators have to face many challenges for the transmission and distribution of electricity safely. Grid operations management software helps to manage, operate, and deliver generated electrical energy to distribution systems safely. Grid operations involve the remote monitoring of energy generation assets. Grid operations management software provides utility and energy organizations with analytical and operational capabilities to improve distribution and network operations performance. Utility companies are embarking on a new wave of process and technology adoption to improve reliability and service. Further, integrated grid management systems integrate functionalities such as distribution management, key operational control systems for outage management, geographic information, asset and workforce management, and other services. Many companies are working to improve electric operations and emergency management. For instance, Accenture worked with information sources departments and electricity operations and emergency management government departments to deploy advanced technology in order to improve processes. Additionally, the National Corporation of the Philippines partnered with Schneider Electric to deploy enterprise data management software in order to optimize grid operations. 

Grid Operations Management Software Market – Drivers & Restraints 

The global grid operations management software market is expanding at a rapid pace. Demand for automated workflow is on the rise among utility companies as it reduces downtime and improves distribution and network operations performance. Further, electric utilities are investing in advanced grid technologies, which include distribution management systems for power quality, data security, reliability, renewable energy use, and resilience to natural disasters. Demand for grid operations management software is projected to rise in the near future, owing to an increase investment in advanced technology in electric utilities. Rise in the adoption of Big Data in grid operations management software is anticipated to drive the grid operations management software market. However, data regulations and standards are likely to hinder the grid operations management software market. Electric utilities are introducing advanced applications by investing in Internet of Things (IoT) and analytics. 

Browse more detail information about this report visit at at https://www.transparencymarketresearch.com/grid-operations-management-software-market.html

Grid Operations Management Software Market – Segmentation 

The global grid operations management software market can be segmented based on deployment model, enterprise size, and region. Based on deployment model, the global grid operations management software market can be categorized into on-premise and cloud-based software. In terms of enterprise size, the global grid operations management software market can be classified into small & medium and large enterprises. In the electricity industry, some of technology trends that are expected to drive the grid operations management market are digitization, electrification, and decentralization. The market is anticipated to expand due to deployment of smart metering and increase in demand for system integrators and cloud-based solutions in the near future. An increase in the adoption of IT solutions in the utility sector is projected to leverage operational and customer data in order to automate grid control and maintenance functions. 

Based on region, the global grid operations management software market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. These geographic regions are further analyzed at the country level, wherein top countries across North America include the U.S. and Canada. Europe includes market analysis across the U.K., Germany, France, and the Rest of Europe. Similarly, the market in Asia Pacific is studied and analyzed across India, China, Japan, Australia, and the Rest of Asia Pacific. The top countries in the Middle East and Africa and South America include GCC countries, South Africa, and Brazil. Further, demand for grid operations management software market from Asia pacific, Middle East & Africa, and South America is estimated to rise due to increase in awareness about the benefits of Big Data analytics among enterprises operating in the utility industry. 

Grid Operations Management Software Market – Key Players 

Major companies operating in the global grid operations management software market include Accenture, Capgemini S.A., EMC Corporation, Hewlett-Packard Company, IBM Corporation, Oracle Corporation, SAP AG, SAS Institute, Inc., Schneider Electric, and Siemens AG.

Request Brochure of this report visit at https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=47229&source=atm

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on: Market segments and sub-segments Market trends and dynamics Supply and demand Market size Current trends/opportunities/challenges Competitive landscape Technological breakthroughs Value chain and stakeholder analysis

The regional analysis covers: North America (U.S. and Canada) Latin America (Mexico, Brazil, Peru, Chile, and others) Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg) Eastern Europe (Poland and Russia) Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand) Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report: A complete backdrop analysis, which includes an assessment of the parent market Important changes in market dynamics Market segmentation up to the second or third level Historical, current, and projected size of the market from the standpoint of both value and volume Reporting and evaluation of recent industry developments Market shares and strategies of key players Emerging niche segments and regional markets An objective assessment of the trajectory of the market Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Request For Discount On This Report at https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=47229&source=atm

This post was originally published on Analytics News