Report DescriptionAbout IMARC Group

International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all regions and industry verticals to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

Global Advanced Distribution Management System Market Research Report 2023-2028:

According to the latest report by IMARC Group, titled " AdvancedDistributionManagementSystemMarket:GlobalIndustryTrends,Share,Size,Growth,O pportunityandForecast2023-2028

," the global advanced distribution management system market size reached US$ 1,293.6 Million in 2022.

An advanced distribution management system (ADMS) refers to a software platform that is generally used for controlling and managing electrical grids. It usually offers a full suite of distribution and optimization management in an efficient manner. Additionally, it also assists field operating personnel in monitoring the electric distribution from state-wide to city-wide power systems while improving the safety and quality of services.

It is extensively utilized for energy management, volt control functions and customer information. As a result, it provides improved network performance, efficient power management and delivery and substation equipment maintenance.

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Global Advanced Distribution Management System Market Trends:

The global market is primarily driven by the rising preference for renewable energy resources. Coupled with increasing investments and funding to upgrade the existing power infrastructure to conserve energy, this is creating a positive outlook for the market. Moreover, various technological advancements have led to the widespread adoption of advanced metering infrastructure (AMI) on the global level, thereby propelling the market growth. In line with this, a considerable increase in the data generation volumes across the globe due to rapid digitization and penetration of high-speed internet connectivity is acting as another major growth-inducing factor.

Furthermore, continuous improvements across the information technology (IT) and telecommunications sectors are positively influencing the market growth. Other factors, including rural electrification, the increasing preference for clean sources of energy and extensive research and development (R&D) activities conducted by key players, are further contributing to the market growth.

Looking forward, IMARC Group expects the market to reach a value of US$ 3,435.7 Million by 2028, exhibitingataCAGRof16.2%during2023-2028.

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