Surge in demand for integrated single platform, rising adoption of smart grid applications, growing dependency on automated metering systems, and escalating popularity of electric vehicles to drive the growth of the global advanced distribution management system market. The COVID-19 outbreak favourably impacted growth of the global market with surging acceptance of connected devices and supportive government initiatives related to use of smart grid system in the energy & utilities sector.
According to the report published by Allied Market Research, the global advanced distribution management system market generated $2 billion in 2021, and is projected to reach $11.2 billion by 2031, growing at a CAGR of 19.3% from 2022 to 2031. The report offers a detailed analysis of the top winning strategies, evolving market trends, market size and estimations, value chain, key investment pockets, drivers & opportunities, competitive landscape and regional landscape. The report is a useful source of information for new entrants, shareholders, frontrunners and shareholders in introducing necessary strategies for the future and taking essential steps to significantly strengthen and heighten their position in the market.
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COVID-19 Scenario:
- The outbreak of COVID-19 has had a positive impact on the growth of the global advanced distribution management system market, owing to the increased adoption of connected devices and increase in electricity consumption in various countries across the globe. More and more people were required stay at home during the pandemic to curb the spread of the virus, and hence, various organizations across the globe were to adopt remote work policies.
- The transition has led to a rapid increase in demand for tools to support remote teams and workflows. The current estimation of 2031 is projected to be higher than pre-COVID-19 estimates.
- The COVID-19 outbreak has high impact on the growth of advanced distribution management system market, as increasing number of automated electric vehicle systems, growing adoption of connected devices, and surging government initiative to provide smart grid system in energy & utilities sector will provide lucrative opportunities for the growth of the advanced distribution management system market.
Based on solution, the ADMS platforms segment held the largest market share in 2021, holding nearly four-fifths of the global market share, and is expected to maintain its leadership status during the forecast period. In addition, the same segment is expected to cite the fastest CAGR of 19.6% during the forecast period. The report also analyses other segments such as the services segment.
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Based on end-use vertical, the telecom segment held the largest market share in 2021, holding nearly one-third of the global market share, and is expected to maintain its leadership status during the forecast period. The manufacturing segment, on the other hand, is expected to cite the fastest CAGR of 22.5% during the forecast period.
On basis of organization size, the large enterprise segment held largest market share in 2021, accounting nearly fourth-fifths of the global market share, and is set to retain its dominant status in 2031. Furthermore, the same segment is expected to cite the fastest CAGR of 20.0% during the forecast period. The report also analyses other segments such as the SMEs segment.
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Based on region, the market across North America held the largest market share in 2021, holding nearly two-fifths of the global market share, and is expected to maintain its leadership status during the forecast period. The Asia-Pacific region, on the other hand, is expected to cite the fastest CAGR of 20.6% during the forecast period.
The key players analyzed in the global advanced distribution management system market report include Eaton Corporation Plc (Tripp Lite), General Electric, Hitachi, Ltd., ltron Inc., Mitsubishi Electric Corporation, Oracle Corporation, Schneider Electric SE, Siemens AG, Innowatts Inc., and Wipro Limited.
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