Published Date: 28-Jul-2022
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According to a new report, published by KBV research, The Global Advanced Distribution Management System Market size is expected to reach $6.3 billion by 2028, rising at a market growth of 20.5% CAGR during the forecast period.
The Services segment is experiencing a CAGR of 22.8% during (2022 - 2028). Professional and managed services are the two most popular services in the Advanced Distribution Management System Market. Most industry companies are striving to achieve specialized services in automated distribution and technology. Its usage in this industry is also predicted to be boosted by the desire to enhance efficiency and profitability.
The Supervisory Control and Data Acquisition (SCADA) segment is leading the Global Advanced Distribution Management System Market by Functionality in 2021; thereby, achieving a market value of $2.30 billion by 2028. This because the data can be shown in a variety of formats depending on the needs of the user. It provides a connection for thousands of sensors to be linked across a large area for different monitoring and control tasks. With the assistance of operators, genuine data simulations can be obtained.
The On-premise segment has shown growth rate of 18.7% during (2022 - 2028). It is because on-premise deployment are cost efficient as well as security is comparatively stronger than in other form of deployment and easier to maintain. This kind of deployment mode can be incorporated by any size of enterprises.
The Large Enterprises segment acquired maximum revenue share in the Global Advanced Distribution Management System Market by Organization Size in 2021, thereby, achieving a market value of $4.49 billion by 2028. This is due to the higher demand for advanced software to manage the activities like manufacturing, transportation, and logistics to complete the operational chain. The large enterprises have more complex and long operational cycle and hence require updated and advanced software to improve distribution grid performance.
The Transportation & Logistics segment is showcasing a CAGR of 21.4% during (2022 - 2028). Transportation and logistics (T&L) IT services focus on advising, implementation, support, and evolution of T&L solutions, with the goal of assisting T&L organizations in streamlining and reducing logistical costs, improving asset efficiency, and improving customer experience. Consulting on the use of advanced technologies (cloud, IoT, AI, ML, blockchain, etc.) for transportation and logistics operations, IT infrastructure support, quality assurance, help desk, and cyber-security services for these firms, among other things, are included in the dedicated IT services.
The North America market dominated the Global Advanced Distribution Management System Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $2.14 billion by 2028. The Europe market is estimated to witness a CAGR of 19.8% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 21.5% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Siemens AG, General Electric (GE) Co., Schneider Electric SE, Hitachi, Ltd., Oracle Corporation, Itron, Inc., Eaton Corporation PLC, Landis+Gyr Group AG, Wipro Limited, and Operation Technology, Inc. (ETAP).
By Deployment Mode
By Organization Size
By End User
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