- The key vendors in the global OMS market 2015-2019 are ABB Ltd., Alstom AG, GE Digital Energy, Schneider Electric SE and Siemens AG
London, 23 June 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global OMS market 2015-2019. Migration to advanced distribution management system approach by power utilities is one of the major trends emerging in the market. Power utilities are shifting from a standalone outage management system to a more advanced embedded ADMS that consists of supervisory control and data acquisition, distribution management system, and OMS together in one system. ADMS provides a new prospect for grid and outage management by providing a single environment and user experience. The global OMS market 2015-2019 is expected to grow at a CAGR of 4.1% during the forecast period of 2014-2019.
The OMS market is growing steady with the rise in investments in smart grid IT and progress in the big data analytics field, thus creating the need for advanced OMS that are more efficient and robust than the old systems. Vendors such as Oracle, CGI, and Intergraph are the market leaders in outage management software.
“Several utilities are developing end-to-end solutions to manage the overall energy consumption of end-users effectively,” says Faisal Ghaus, Vice President of Technavio Research.
“With the use of smart grid networking solutions and IT applications such as OMS, DMS, and SCADA, data generated from smart grid applications can be managed easily, and future energy demand can also be predicted.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
