PUNE, India, November 22, 2016 /PRNewswire/ -- The report "Outage Management System Marketby Type (Integrated and Standalone OMS), Component (Software and Communication System), End User (Public and Private Utilities), and Region - Global Forecasts to 2021" published by MarketsandMarkets, the market is expected to grow from an estimated USD 493.7 Million in 2016 to USD 1,148.6 Million by 2021, at a CAGR of 18.4%. (Logo: http://photos.prnewswire.com/prnh/20160303/792302 ) Browse 65 market data Tables and 50 Figures spread through 141 Pages and in-depth TOC on"Outage Management System Market"http://www.marketsandmarkets.com/Market-Reports/outage-management-system-market-38979923.htmlEarly buyers will receive 10% customization on this report. The global market is set to witness growth owing to increasing grid reliability and smart grid deployments, which will lead to significant investment for the upgrade and replacement of the existing T&D infrastructure. The communication system segment is expected to hold the largest share of the Outage Management System Market, by component, during the forecast period The communication system segment led the Outage Management System Market in 2015, and is expected to grow at the fastest rate during the forecast period, owing to increasing requirement for advanced outage management systems across the globe. This segment is primarily driven by the rising demand for more reliable control systems for proper monitoring and quicker restoration, and is expected to create new revenue pockets for the Outage Management System Market during the forecast period. Make an Enquiry:http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=38979923Integrated OMS to be the largest segment in theOutage Management System Market With regard to the type segment, integrated OMS in the Outage Management System Market is expected to be the largest market in 2016. Shifting interest towards advanced applications, such as Advanced Distribution Management System (ADMS), is expected to facilitate the demand for integrated solutions.