Outage Management System Market Global Analysis And Forecast Till 2030
Outage Management System Market Highlights Outage Management System Market is projected to be worth USD 4.41 billion by 2030, registering a CAGR of 21.3% during the forecast period (2022 - 2030). A computer system or an outage management system (OMS) is used by operators of electric distribution systems to assist in restoration of power. It provides the capability to efficiently identify and resolve outages and to generate and report valuable historical information. OMS improves operational efficiency and communication with customers, the public and regulatory agencies. It reduces the duration of individual outages and lowers duration average by identifying outage locations automatically. It utilizes data from call centers, field crews, and AMI and SCADA systems to identify outage locations. These are some of the factors increasing the demand of OMS. Additionally, increased spending in smart grid developments is also fueling the growth of the market. However, growing comple...