The article cited AMA's Global Grid Operations Management Software Market Study explored substantial growth with CAGR of 6.6%. According the report, Increasing Adoption of Big Data in Grid Operations Management Software
is one of the primary growth factors for the market. Increasing Demand of Automated Workflow among the Utility Companies
is also expected to contribute significantly to the Grid Operations Management Software market. Overall, applications of Grid Operations Management Software, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Grid Operations Management Software market identified that the demand is rising in many different parts of the world as "Increasing Investments in Advanced Grid Technologies
". Furthermore, some recent industry insights like "In May 2022, Schneider Electric, the global leader in the digital transformation of energy management and automation, today announced Grid Operations Platform as a Service as part of its EcoStruxure Grid portfolio. Backed by Microsoft Azure’s open cloud computing platform, Schneider Electric is offering a deployment environment that enables grid planning and operations solutions to be hosted and managed on the cloud." is constantly making the industry dynamic. One of the challenges that industry facing is "Stiff Competition among the Major Players May Hinder the Growth"
The Organization size, such as SMEs, is boosting the Grid Operations Management Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Subscriptions, such as Monthly, is boosting the Grid Operations Management Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Deployment, such as On premise, is boosting the Grid Operations Management Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Features, such as Operations dashboard, is boosting the Grid Operations Management Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Grid Operations Management Software market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Grid Operations Management Software market and other related sub-markets covered in the study.
o Key & emerging players in the Grid Operations Management Software market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Grid Operations Management Software market size is calculated using market estimation process, the Grid Operations Management Software market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Grid Operations Management Software market size has been validated using both top-down and bottom-up approaches.