Advanced Distribution Management System Market to Show Fastest Growth in APAC, Expects M&M in New Report Published at MarketPublishers.com
14 Jun 2016 • by Natalie Aster
LONDON – Rapid development of smart grid coupled with an increase in the demand for energy globally are some of key forces acting as drivers of the world’s market for advanced distribution management systems. This marketplace is also driven by such factors as growing need for utility efficiency and improved customer services. Taking into account these factors, the market is expected to be worth USD 1,790 million in 2021, while its value was slightly over USD 687 million in 2015.
There are some restraints the marketplace has to deal with: inadequate financial incentives existing for utilities, standard interface, and more. Integration of these management systems with smart devices emerges one of key opportunities for the market. There are also some challenges on the way to success of this marketplace, with cyber security issues being one of the key ones.
System integration services are expected to form the dominant segment of the market in terms of service in the upcoming years.
Region-wise, APAC is set to be the most swiftly growing marketplace as local governments increase their spending on energy efficiency programs.
New research report “Advanced Distribution Management System Market by Software, by Service, and by Region - Global Forecast to 2021” elaborated by M&M offers an up-close look at the world’s market for advanced distribution management systems. The study provides an in-depth overview of this business space and explores dynamics of the marketplace in detail.
It highlights industry trends and thoroughly discusses the marketplace on the basis of systems’ type. The report also includes a geographic analysis of this market. It delves deep into the competitive environment and shares with a reader profiles of top companies. Future development projections through 2021 are on hand in the study, too.
More new research studies by M&M are available at its page.