Global Meter Data Management Market 2015-2019
About Meter Data Management
A meter data management system is mainly used to collect meter readings from advanced and automated metering systems. The system accurately collects data and helps generate bills with minimum manual interference. It is considered as the backbone of an AMI system and a key constituent of smart grid. Meter data management system is the key component of smart grid infrastructure that helps in managing data collection from AMI. A meter data management system imports, validates, and processes data before they can be used for billing and analysis. This system is the central components of smart metering solutions, resulting in its increased demand.
TechNavio's analysts forecast the global meter data management market to grow at a CAGR of 27.4 percent over the period 2014-2019.
Covered in this Report
The report covers the present scenario and the growth prospects of the global meter data management market for the period 2015-2019. The report includes the segmentation of the market based on application and geography.
TechNavio's report, the Global Meter Data Management Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Global Meter Data Management Market 2015-2019
Technavio recognizes the following companies as the key players in the global meter data management market: Elster Group SE, Itron Inc., Landis+Gyr AG, Oracle Corp. and Siemens AG.
Other Prominent Vendors in the market are: Aclara Software, Cuculus, ElectSolve Technology Solutions & Services, Enoro, Ferranti Computer Systems, Gruppo Engineering, Harris Utilities, North Star Utilities Solutions, OSIsoft, Powel and Robotron Datenbank-Software
Commenting on the report, an analyst from Technavio’s team said: “Regulatory authorities worldwide are formulating ways to encourage the adoption of smart grid systems. Governments are also providing incentives to attract more investment into the smart grid industry.”
According to the report, the need to reduce electricity theft has increased globally, which is fueling the demand for smart meters. The MDM software used in these smart meters facilitate better control and close monitoring of electricity and other utilities. This helps end-users avoid meter tampering and reduces disturbances in power distribution.
Further, the report states that issues pertaining to data management have increased. Smart meters generate huge data volumes at frequent intervals, which makes it difficult for power utilities to arrive at useful conclusions regarding power usage patterns.
Elster Group SE, Itron Inc, Landis+Gyr AG, Oracle Corp, Siemens AG, Aclara Software, Cuculus, ElectSolve Technology Solutions & Services, Enoro, Ferranti Computer Systems, Gruppo Engineering, Harris Utilities, North Star Utilities Solutions, OSIsoft, Powel, Robotron Datenbank-Software
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