Outage Management System Market, By Component (Software System, Communication System), Type (Standalone, Integrated), End-User (Public Utility, Private Utility) – Global Revenue, Trends, Growth, Share, Size and Forecast To 2022

Chicago, IL -- (SBWire) -- 07/27/2017 --Outage Management System is design to respond to the signals indicating outages, restoration and to communicate such information. With the rise of new technologies, the amount of data generated and advancement in the big data analytics OMS has become more complex. The system can be integrated with multiple systems such as Geographic Information System (GIS), Customer Information System (CIS), Interactive Voice Response System (IVR), Advanced Metering Infrastructure (AMI), and Supervisory Control and Data Acquisition System (SCADA) etc. With the help of modern technology, OMS help to prevent outages and restore power in the most efficient way.

The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the outage management system market. The scope of this report covers the outage management system market by its major segments, which include the types, applications, and the major geographic regions.

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KEY PREMIUM INDUSTRY INSIGHTS

The key reasons driving the growth of the Outage Management System market includes the higher cost associated with the Outages, increasing demand for high reliability from grids and stringent government scrutiny and regulatory norms.

Capital investment in smart grid technology is one of the key growth opportunity drivers for this market.

However, factors like low financial incentives may hamper the growth of the Outage Management System Market.

MARKET SEGMENTATION

This report analyzes the outage management system market by the following segments:

Outage Management System Market, by Component

1. Software System
2. Communication System

Outage Management System Market, by Type

1. Standalone
2. Integrated

Outage Management System Market, by End-User

1. Public Utility
2. Private Utility

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