openPR Logo
Press release

Outage Management Systems Market is Booming At a highest CAGR through 2023 | Top Players - Siemens AG , Schneider Electric SE ,Oracle Corporation

09-27-2023 09:37 AM CET | IT, New Media & Software

Press release from: Global Insight Services

/ PR Agency: Global Insight Services
Outage Management Systems Market is Booming At a highest CAGR

The Outage Management Systems (OMS) Market is a critical segment within the utilities and energy sector, dedicated to improving the reliability and efficiency of power distribution systems. OMS solutions are essential tools for utility companies and grid operators, helping them detect, respond to, and manage power outages effectively. These systems leverage advanced technologies such as geographic information systems (GIS), real-time data analytics, and communication networks to streamline outage management processes.

Download Report Avail a 50% flat discount, Limited Time Offer@ https://www.globalinsightservices.com/request-sample/GIS25378/

OMS solutions enable utilities to quickly identify the location and cause of outages, prioritize restoration efforts, and dispatch field crews efficiently. By providing real-time insights into the state of the grid, OMS helps reduce downtime, minimize customer disruptions, and enhance overall grid resilience.

The growth of the OMS Market is driven by several factors, including the increasing demand for reliable electricity supply, the need to reduce outage durations, and the integration of renewable energy sources into the grid. As utilities modernize their infrastructure and embrace smart grid technologies, OMS solutions play a pivotal role in ensuring the uninterrupted delivery of electricity. Additionally, the adoption of predictive analytics and artificial intelligence is enhancing OMS capabilities, allowing utilities to proactively address potential issues before they result in outages. With the ongoing evolution of the energy sector and the drive towards more resilient and efficient power distribution systems, the Outage Management Systems Market is expected to witness continued growth and innovation in outage management technologies.

Read Full Research Report @ https://www.globalinsightservices.com/reports/outage-management-systems-market/

Key Trends

The outage management systems (OMS) market is witnessing several key trends that are reshaping its landscape and driving its growth. One of the prominent trends is the increasing adoption of advanced analytics and artificial intelligence in outage management solutions. These technologies enable utilities to predict and detect outages more accurately, optimize response strategies, and reduce downtime for customers. Additionally, the integration of outage management systems with geographic information systems (GIS) and mobile applications is enhancing real-time data visualization and enabling field crews to respond more efficiently to outages. Another significant trend is the shift towards cloud-based outage management solutions, offering scalability, flexibility, and cost-effectiveness to utilities. Moreover, the growing emphasis on grid modernization and smart grid initiatives is driving the demand for OMS to improve the reliability and resilience of power distribution networks.

Request for Customization @ https://www.globalinsightservices.com/request-customization/GIS25378/

Key Drivers

The outage management systems (OMS) market is driven by several key factors that contribute to its expansion and adoption. One of the primary drivers is the increasing frequency and severity of power outages caused by extreme weather events and aging grid infrastructure. As utilities seek to improve their outage response and restoration capabilities, they are turning to OMS to enhance their situational awareness, enabling quicker identification and resolution of outages. Additionally, the growing adoption of smart grid technologies and the integration of renewable energy sources are driving the need for more advanced outage management solutions to ensure grid stability and reliability. Moreover, stringent regulations and customer expectations for improved service reliability are pushing utilities to invest in OMS to reduce outage duration and minimize disruptions to customers. Furthermore, the rise of big data analytics and the Internet of Things (IoT) in the energy sector are opening new opportunities for OMS, enabling utilities to leverage data-driven insights and predictive analytics for proactive outage management.

Market Segmentation : Outage Management Systems Market

Outage Management Systems Market By Type : Standalone

Outage Management System, Integrated Outage Management System

Outage Management Systems Market By Component : Software System, Communication System

Outage Management Systems Market By End-User Industry: Private Utility, Public Utility

Outage Management Systems Market By Region : North America : US, Canada, Mexico, Europe : The UK, Germany, France, Italy, Spain, Netherlands, Switzerland, Asia-Pacific : China, India, Japan, South Korea, Australia, Singapore, Indonesia, Rest of Asia-Pacific, Rest of the World : Latin America, Middle East, Africa

Key Players

Intergraph Corporation (US)
ABB Ltd. (Switzerland)
Advanced Control Systems Inc. (US)
CGI Group (Canada)
Survalent Technology Corporation (Canada)
S&C Electric Company (US)
Siemens AG (UK)
Schneider Electric SE (UK)
Oracle Corporation (US)
General Electric Company (US)

Buy Now @https://www.globalinsightservices.com/checkout/single_user/GIS25378

With Global Insight Services, you receive:

10-year forecast to help you make strategic decisions
In-depth segmentation which can be customized as per your requirements
Free consultation with lead analyst of the report
Excel data pack included with all report purchases
Robust and transparent research methodology

New Report Published by Global Insight Services : https://www.globalinsightservices.com/reports/hydrogen-projects-database/

Contact Us :

Global Insight Services LLC
16192, Coastal Highway, Lewes DE 15998
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/

About Global Insight Services :

Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Outage Management Systems Market is Booming At a highest CAGR through 2023 | Top Players - Siemens AG , Schneider Electric SE ,Oracle Corporation here

News-ID: 3226426 • Views:

More Releases from Global Insight Services

Immuno Oncology Drugs Market Projected to Reach $634.1 Billion by 2034, Growing at 17.5% CAGR | Overall Study Report
Immuno Oncology Drugs Market Projected to Reach $634.1 Billion by 2034, Growing …
The Immuno Oncology Drugs Market is rapidly emerging as a transformative segment in the global healthcare industry. These drugs harness the body's immune system to identify and attack cancer cells, offering innovative treatment alternatives to traditional chemotherapy and radiation therapies. Immuno-oncology therapies include monoclonal antibodies, checkpoint inhibitors, cancer vaccines, and cell-based therapies such as CAR-T cells. The growth of this market is primarily driven by advancements in biotechnology, an improved
GLP 1 Market Projected to Reach $221.8 Billion by 2034, Growing at 9% CAGR | Overall Study Report
GLP 1 Market Projected to Reach $221.8 Billion by 2034, Growing at 9% CAGR | Ove …
The GLP 1 Market is experiencing unprecedented growth, fueled by the rising prevalence of type 2 diabetes and obesity globally. GLP-1, or glucagon-like peptide-1 receptor agonists, represents a groundbreaking therapeutic class that improves insulin secretion, reduces glucagon production, and slows gastric emptying. These mechanisms not only enhance glycemic control but also support weight management, making GLP-1 therapies a preferred choice among healthcare providers and patients alike. Over the years, the
Autonomous Bus Market to Expand to $11.6 Billion by 2034, Advancing at 18.8% CAGR | Key Players: EasyMile, Navya, Aurrigo
Autonomous Bus Market to Expand to $11.6 Billion by 2034, Advancing at 18.8% CAG …
Market Overview Autonomous Bus Market is revolutionizing the future of urban mobility through advanced automation technologies. Valued at $2.1 billion in 2024, the market is projected to reach $11.6 billion by 2034, expanding at a strong CAGR of 18.8%. This market focuses on the development and deployment of self-driving buses equipped with cutting-edge sensors, artificial intelligence, and vehicle-to-everything (V2X) communication systems. These buses are designed to improve road safety, enhance passenger
Automotive Tire Market to Attain $976.7 Billion by 2034, Growing at 9.2% CAGR | Key Players: Apollo Tyres, Nokian Tyres, Hankook Tire
Automotive Tire Market to Attain $976.7 Billion by 2034, Growing at 9.2% CAGR | …
Market Overview Automotive Tire Market is experiencing remarkable growth as the industry embraces innovation, sustainability, and digital transformation. Valued at $406 billion in 2024, the market is projected to soar to $976.7 billion by 2034, reflecting a CAGR of 9.2%. This expansion is primarily driven by the surge in global vehicle production, growing consumer preference for durable and high-performance tires, and the increasing adoption of smart tire technologies. The Automotive Tire

All 5 Releases


More Releases for OMS

Human Services Software Market Swot Analysis By Key Players: OMS Technologies, H …
A new business intelligence report released by HTF MI with title "2020-2029 Report on Global Human Services Software Market by Player, Region, Type, Application and Sales Channel" is designed covering micro level of analysis by manufacturers and key business segments. The Global Human Services Software Market survey analysis offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary
Laser Doppler Vibrometer Market Top Leading Vendors: ONO SOKKI, OMS Corporation, …
A Laser Doppler Vibrometer (LDV) is a scientific instrument that is used to make non-contact vibration measurements of a surface. The laser beam from the Laser Doppler Vibrometer (LDV) is directed at the surface of interest, and the vibration amplitude along with frequency are extracted from the Doppler shift of the reflected laser beam frequency due to the motion of the surface. The output is a continuous analog voltage which
Global Outage Management System (OMS) Market Size, Revenue, Growth, Status and F …
An up-to-date research report has been disclosed by Market Research Hub highlighting the title “Global Outage Management System (OMS) Market Size, Status and Forecast 2018-2025” which provides an outlook for current market value as well as the expected growth of Outage Management during 2018-2025. The report studies the casing heads market worldwide, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, size, growth, revenue, consumption, import
India Output Management Software (OMS) Market (2016-2022)-6wresearch
India Output Management Software market revenue is projected to reach over $74 million by 2022- 6Wresearch In the last few years, India’s Output Management Software for SME market has registered significant growth. Output management solutions can be categorized as - on-premise and cloud (hosted), wherein the former segment dominates in revenue terms. India being one of the potential markets for output management solutions is witnessing growth in demand owing to large
Global Smart Grid IT Systems Market: by Types - EMS, DMS, OMS
Latest industry research report on: Global Smart Grid IT Systems Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts This report studies the global Smart Grid IT Systems market, analyzes and researches the Smart Grid IT Systems development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like Accenture GE-Alstom Capgemini IBM Siemens Alcatel-Lucent US AT&T EnerNOC Ericsson FirstCarbon Solutions HCL Technologies Infosys Itron Lockheed Martin Tendril
Outage Management System (OMS) Market - Global Industry Analysis, Size, Share, T …
OMS is a tool for identifying and improving the efficiency of restoration and communication with customers. OMS integrates with systems such as Supervisory Control and Data Acquisition System (SCADA), Distribution Automation (DA) System, Automatic Meter Reading (AMR), Advanced Metering Infrastructure (AMI), Customer Information System (CIS), Interactive Voice Response System (IVR) and Geographic Information System (GIS) for outage management. OMS helps in analyzing outage events, calculate restoration time, and providing reliable