The power system analysis software market is expected to witness robust growth in the near future. The market is expected to reach an evaluation ofUS$10,245.6 mn by 2024, clocking a tremendous 12.6% CAGR during 2016-2024.
The rising demand for energy consumption, challenges related to regular maintenance of networks, and ability to predict growth in real-time are expected to drive growth. Major trends like intelligent transportation systems are expected to create new opportunities for revenue generation for players in the power system analysis software market.
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Key Trends in the Power System Analysis Software Market
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The review presented is based on the findings of Transparency Market Research report, titled “Power System Analysis Software Market (Implementation Model – On- premise and Cloud-based; Application – Distribution and Transmission) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025.”
For the study, the power system analysis software market has been segmented as follows:
I
mplementation ModelApplication
Geography
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