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Press Release

Grid Operations Management Software Market Sales and Market Shares of Major Suppliers 2018 - 2026: Accenture, Capgemini S.A., EMC Corporation, Hewlett-Packard Company, IBM Corporation

Recent research and the current scenario as well as future market potential of "Grid Operations Management Software Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026" globally.

This press release was orginally distributed by SBWire

Albany, NY -- (SBWIRE) -- 01/19/2019 -- Grid Operations Management Software Market - Overview

Globally, electric grid network operators have to face many challenges for the transmission and distribution of electricity safely. Grid operations management software helps to manage, operate, and deliver generated electrical energy to distribution systems safely. Grid operations involve the remote monitoring of energy generation assets. Grid operations management software provides utility and energy organizations with analytical and operational capabilities to improve distribution and network operations performance. Utility companies are embarking on a new wave of process and technology adoption to improve reliability and service. Further, integrated grid management systems integrate functionalities such as distribution management, key operational control systems for outage management, geographic information, asset and workforce management, and other services. Many companies are working to improve electric operations and emergency management. For instance, Accenture worked with information sources departments and electricity operations and emergency management government departments to deploy advanced technology in order to improve processes. Additionally, the National Corporation of the Philippines partnered with Schneider Electric to deploy enterprise data management software in order to optimize grid operations.

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Grid Operations Management Software Market - Drivers & Restraints

The global grid operations management software market is expanding at a rapid pace. Demand for automated workflow is on the rise among utility companies as it reduces downtime and improves distribution and network operations performance. Further, electric utilities are investing in advanced grid technologies, which include distribution management systems for power quality, data security, reliability, renewable energy use, and resilience to natural disasters. Demand for grid operations management software is projected to rise in the near future, owing to an increase investment in advanced technology in electric utilities. Rise in the adoption of Big Data in grid operations management software is anticipated to drive the grid operations management software market. However, data regulations and standards are likely to hinder the grid operations management software market. Electric utilities are introducing advanced applications by investing in Internet of Things (IoT) and analytics.

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Grid Operations Management Software Market - Segmentation

The global grid operations management software market can be segmented based on deployment model, enterprise size, and region. Based on deployment model, the global grid operations management software market can be categorized into on-premise and cloud-based software. In terms of enterprise size, the global grid operations management software market can be classified into small & medium and large enterprises. In the electricity industry, some of technology trends that are expected to drive the grid operations management market are digitization, electrification, and decentralization. The market is anticipated to expand due to deployment of smart metering and increase in demand for system integrators and cloud-based solutions in the near future. An increase in the adoption of IT solutions in the utility sector is projected to leverage operational and customer data in order to automate grid control and maintenance functions.

Based on region, the global grid operations management software market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America. These geographic regions are further analyzed at the country level, wherein top countries across North America include the U.S. and Canada. Europe includes market analysis across the U.K., Germany, France, and the Rest of Europe. Similarly, the market in Asia Pacific is studied and analyzed across India, China, Japan, Australia, and the Rest of Asia Pacific. The top countries in the Middle East and Africa and South America include GCC countries, South Africa, and Brazil. Further, demand for grid operations management software market from Asia pacific, Middle East & Africa, and South America is estimated to rise due to increase in awareness about the benefits of Big Data analytics among enterprises operating in the utility industry.

Grid Operations Management Software Market - Key Players

Major companies operating in the global grid operations management software market include Accenture, Capgemini S.A., EMC Corporation, Hewlett-Packard Company, IBM Corporation, Oracle Corporation, SAP AG, SAS Institute, Inc., Schneider Electric, and Siemens AG.

MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.

The report provides the following information:

Tailwinds and headwinds molding the market's trajectory
Market segments based on products, technology, and applications
Prospects of each segment
Overall current and possible future size of the market
Growth pace of the market
Competitive landscape and key players' strategies

The main aim of the report is to:

Enable key stakeholder's in the market bet right on it
Understand the opportunities and pitfalls awaiting them
Assess the overall growth scope in the near term
Strategize effectively with respect to production and distribution

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