Global Outage Management Systems Market 2017-2021

Overview of the global outage management systems market

Market research analysts at Technavio predict that the global outage management systems market will grow steadily at a CAGR of over 5% by 2021. This market research analysis identifies the deregulation of the power market as one of the primary growth factors for this market. The recent deregulation of the power market gave rise to generation companies (GENCO), distribution companies (DISCO), transmission companies (TRANSCO), and independent system operators (ISO). The changes in the industry compelled utilities providers to specialize in either power generation, transmission, or distribution. Outage management systems help the crew in restoring the power at a faster rate and in improving the ratings and reliability of the grid.

The increasing adoption of energy management systems is one of the latest trends that will gain traction in the outage management systems market in the coming years. To aid transition utilities, energy companies are changing the functioning of grids and are improving each part of the value chain by implementing IT technology solutions to improve the functionality. These systems help in collaborating and transforming grids to accommodate low carbon polluting technologies such as renewables, distribution generation, and energy storage for power generation, making power generation more multi-dimensional than before.

What's your takeaway?

Technavio's industry research report titled - Global Outage Management Systems Market will help you-

• Identify latent opportunities and explorative solutions in the outage management systems market
• Identify your key competition, and what's making them tick?
• Help you build a comprehensive marketing plan, all permutations and combinations inclusive