Global Outage Management System Market Size to Exceed USD 4.83 Billion by 2033: Market Statistics Report

Global Outage Management System Market Size to Exceed USD 4.83 Billion by 2033 

According to a research report published by Spherical Insights & Consulting, The Global Outage Management System Market Size Expected to Grow from USD 1.0 Billion in 2023 to USD 4.83 Billion by 2033, at a CAGR of 17.06% during the forecast period 2023-2033. 

Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Outage Management System Market Size, Share, and COVID-19 Impact Analysis, By Type (Standalone and Integrated), By End-User (Public Utility and Private Utility), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033     

The outage management system market involves software and technology solutions used to identify, manage, and correct power outages effectively. OMS finds its main applications among utility corporations, such as electric, gas, and water utilities, with the aim of enhancing service integrity, and response and reducing downtime during interruptions. Moreover, the outage management system market is driven by growing investments in smart grids, expanding demand for power supply reliability, and the necessity of quicker outage restoration. Government policies encouraging grid modernization, AI and IoT integration for predictive analytics, and cloud-based OMS solution adoption also drive growth. Increasing electricity usage and weather-related events also increase the demand for sophisticated outage management technologies. However, restraints in the outage management system market are high deployment costs, difficulties in integrating with legacy systems, security issues, and low penetration in developing regions because of cost factors and infrastructural limitations.

The integrated segment accounted for the largest share of the global outage management system market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.              

On the basis of type, the global outage management system market is divided into standalone and integrated. Among these, the integrated segment accounted for the largest share of the global outage management system market in 2023 and is anticipated to grow at a significant CAGR during the forecast period, since utilities like solutions that smoothly integrate with Advanced Distribution Management Systems (ADMS), Geographic Information Systems (GIS), and smart grid technologies. Integrated OMS improves real-time outage detection, response effectiveness, and overall grid reliability, thus becoming the solution of choice for contemporary utilities.

The public utility segment accounted for a substantial share of the global outage management system market in 2023 and is anticipated to grow at a rapid pace during the projected period.

On the basis of the end-user, the global outage management system market is divided into public utility and private utility. Among these, the public utility segment accounted for a substantial share of the global outage management system market in 2023 and is anticipated to grow at a rapid pace during the projected period. Public utilities, typically government-sponsored, place a premium on grid modernization and reliability, which spurs greater investment in OMS solutions. Their large customer base and regulatory requirements also play a role in the broad adoption of outage management technologies for effective service delivery.

North America is projected to hold the largest share of the global outage management system market over the projected period.

North America is projected to hold the largest share of the global outage management system market over the projected period. This is driven by sophisticated grid infrastructure, a high rate of adoption of smart grid technologies, and robust government efforts for grid modernization. The existence of large utility firms, rising investments in AI and IoT-based solutions, and frequent occurrence of extreme weather events further enhance the region's market dominance.

Asia Pacific is expected to grow at the fastest CAGR of the global outage management system market during the projected period. This is led by aggressive urbanization, growing electricity consumption, and smart grid rollout drives from governments. China, India, and Japan are making heavy investments in grid modernization, AI-based outage management, and integration of renewable energy, which is driving considerable growth in the adoption of OMS in the region.

Company Profiling

Major vendors in the global outage management system market are ABB Ltd., General Electric Company, Schneider Electric SA, Siemens AG, Oracle Corporation, CGI Inc., Advanced Control Systems Inc., Futura Systems Inc., and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global outage management system market based on the below-mentioned segments:

Global Outage Management System Market, By Type

• Standalone
• Integrated

Global Outage Management System Market, By End-User

• Public Utility
• Private Utility

Global Outage Management System Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa