According to a recent research, Industry revenue for Outage Management System is expected to rise to $2.8 billion by 2030 from $1.6 billion of 2023. The revenue growth of industry players is estimated to average at 8.5% annually for period 2023 to 2030. Growing end-industry applications in major countries like U.S., Germany and China, is driving the market demand high.
Research Study analyse the new revenue pockets, emerging markets, competition landscape, opportunities & niche insights for Type (Standalone, Integrated), Component (Software, Hardware, Services) and Application (Utilities, Industrial, Commercial).
Access the detailed report here - ๐ก๐ญ๐ญ๐ฉ๐ฌ://๐๐๐ญ๐๐ฌ๐ญ๐ซ๐ข๐ง๐ ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ .๐๐จ๐ฆ/๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ-๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ/๐จ๐ฎ๐ญ๐๐ ๐-๐ฆ๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ-๐ฌ๐ฒ๐ฌ๐ญ๐๐ฆ-๐ฆ๐๐ซ๐ค๐๐ญ-๐ซ๐๐ฌ๐๐๐ซ๐๐ก-๐ซ๐๐ฉ๐จ๐ซ๐ญ
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
North America and Asia-Pacific are the two most active and leading regions in the market. The Asia Pacific region is seeing a rise in OMS development thanks to substantial investments in infrastructure and the growing use of smart grid technology. China and India stand out as markets where there is a strong emphasis placed on affordable OMS solutions that guarantee grid reliability. Local providers prioritize features, like monitoring and predictive analytics to cater to the increasing demand.
With challenges like high initial setup and integration costs, data security and privacy concerns and complexity in legacy system integration, Outage Management System marketโs supply chain from component suppliers to service providers is expected to evolve & expand further; and industry players will make strategic advancement in emerging markets including Brazil, South Africa and Mexico for revenue diversification and TAM expansion. The security of OMS systems has become a priority with the increasing adoption of smart grid installations, in recent times. Leading providers are implementing cutting edge cybersecurity measures to safeguard OMS data and ensure the functioning of essential sectors.
๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐๐๐๐ซ๐ฌ๐ก๐ข๐ฉ ๐๐ง๐ ๐๐ญ๐ซ๐๐ญ๐๐ ๐ข๐๐ฌ
The Outage Management System market is characterized by intense competition, with a number of leading players such as Schneider Electric, ABB, GE, Siemens, Honeywell, Eaton, Oracle, CGI, Itron, Landis+Gyr, Survalent Technology and Open Systems International. These players are pushing & penetrating the market with their strategies.
๐ก๐ญ๐ญ๐ฉ๐ฌ://๐๐๐ญ๐๐ฌ๐ญ๐ซ๐ข๐ง๐ ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ .๐๐จ๐ฆ/๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐๐ฌ๐๐ฆ๐ฉ๐ฅ๐/๐จ๐ฎ๐ญ๐๐ ๐-๐ฆ๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ-๐ฌ๐ฒ๐ฌ๐ญ๐๐ฆ-๐ฆ๐๐ซ๐ค๐๐ญ-๐ซ๐๐ฌ๐๐๐ซ๐๐ก-๐ซ๐๐ฉ๐จ๐ซ๐ญ
๐๐๐จ๐ฎ๐ญ ๐๐๐ญ๐๐๐ญ๐ซ๐ข๐ง๐ ๐๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐
DataString Consulting assist companies in strategy formulations & roadmap creation including TAM expansion, revenue diversification strategies and venturing into new markets; by offering in depth insights into developing trends and competitor landscapes as well as customer demographics. Our customized & direct strategies, filters industry noises into new opportunities; and reduces the effective connect time between products and its market niche.
DataString Consulting offers complete range of market research and business intelligence solutions for both B2C and B2B markets all under one roof. DataStringโs leadership team has more than 30 years of combined experience in Market & business research and strategy advisory across the world. Our Industry experts and data aggregators continuously track & monitor high growth segments within more than 15 industries and 60 sub-industries.