Advanced distribution management systems expected to exceed US$3.3 billion in annual revenues by 2024, says firm

Offering the potential to unify utility distribution IT systems into a single, more efficiently managed platform, advanced distribution management systems (ADMSs) have emerged over the past few years as a major smart grid technology innovation. As such, the market for ADMSs has expanded rapidly, fueled by investment in marketing and R&D coming from many of the major smart grid IT vendors. According to a new report from Navigant Research, worldwide revenues from ADMSs, including software, services, maintenance, and analytics, is expected to grow from US$681 million in 2015 to more than US$3.3 billion by 2024.



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via Yuichun