Industry Background:
Electric grid is a network which is interconnected for delivering electricity to consumers. These network operators face various challenges for transmission of electricity safely. Grid operations management software helps the operators to manage operate and deliver the electrical energy safely. The operations also involve remote monitoring of energy generation assets. In addition, the grid operations management involves the utility and energy organizations with operational capabilities which improve network operations performance. Moreover, it has features such as key operational control systems, distribution management, workforce management and others.
According to AMA Research, the market for Grid Operations Management Software is expected to register a CAGR of 6.6% during the forecast period to 2030. This growth is primarily driven by Increasing Demand of Automated Workflow among the Utility Companies
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Systems Software sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as IBM Corporation (United States), Oracle (United States), SAP (Germany), Hewlett-Packard Company (United States), Accenture (Ireland), Capgemini S.A. (France), Schneider Electric (France) and Siemens AG (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In June 2018, IBM has acquired Oniqua Inc. which is an innovator in Maintenance, Repair and Operations Inventory Solutions and Services.
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.
Influencing Trend:
Increasing Adoption of Big Data in Grid Operations Management Software and Introduction of Advanced Applications by Investments in Internet of Things (IoT) and Analytics
Market Growth Drivers:
Increasing Demand of Automated Workflow among the Utility Companies and Benefits Such as Improved Distribution and Network Operations Performance
Challenges:
Stiff Competition among the Major Players May Hinder the Growth
Restraints:
Data Regulations and Standards may hamper the Market Growth
Opportunities:
Increasing Investments in Advanced Grid Technologies and Growing Need of Grid Operations Management
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Grid Operations Management Software Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Grid Operations Management Software Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Grid Operations Management Software players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Grid Operations Management Software Study Sheds Light on
The Grid Operations Management Software Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Grid Operations Management Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Grid Operations Management Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.