Global Outage Management System Market to Grow at a CAGR of 6.7% to 2022, According to Latest Research Study

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The report gives an idea about the global Outage Management System market such as products types, applications of key products, trends and developments observed in the market so far, technological advancements, and competitive landscape. The competitive analysis of the market encompasses detailed financial profiles of key businesses operating in the global industry. Facts such as different countries and regions, production capacities, production, costs, profit margins, production values and gross margin of these businesses are also presented by the report.

Outage Management System Market by Type (Integrated and Standalone OMS), Component (Software and Communication System), End User (Public and Private Utilities), and Region - Global Forecasts to 2022

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The outage management system market is projected to grow at a CAGR of 18.4% from 2017 to 2022
The outage management system market is projected to reach USD 1,148.6 million by 2022, growing at a CAGR of 18.4% from 2017 to 2022. Outage management systems are used in the power distribution sector. Increasing grid reliability and government initiatives toward smart grid deployments in North America and Asia-Pacific are expected to drive the outage management system market. On the other hand, lack of interoperable capability with other advanced control systems such as GIS, SCADA, and IVR is likely to hinder market growth.

Private utilities segment is expected to grow at a high CAGR from 2017 to 2022
The private utilities segment, based on end user, is estimated to be the fastest growing market during the forecast period. Private utilities are individually-owned or owned by a limited number of shareholders. Better fund allocation for adoption of smarter technologies provides private utilities a competitive edge over the public utilities segment.

This report studies the global Outage Management System market, analyzes and researches the Outage Management System development status and forecast in North America, Asia-Pacific, Europe, the Middle East & Africa and Latin America. A regulatory scenario that affects the various decisions in the Outage Management System market are given a keen observation and have been explained. With such data, this report forms an excellent repository containing all the prime attributes of the companies which are trending in this particular market. Their efficient market strategies are studied in depth and are well explained. The report also evaluates the regulatory scenarios which affect various decisions in the Outage Management System market.

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