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Rapid growth in the global smart grid market is expected to propel growth in the global meter data management (MDM) system market. The increasing deployment of smart meters and advanced metering infrastructure technologies are likely to act as a catalyst to the market’s growth. A meter data management system allows easy information and technology integration of advanced metering infrastructure. It performs long term data storage and captures metering data from advanced metering infrastructure (AMI) head end systems and creates a complete system of record for the metering data. Furthermore, meter data management systems also facilitate the distribution of the meter data across the utilities.

The meter data management strategies are influenced by the vision, goals and objectives of smart grid. The meter data management system edits and validates the received data, then normalize, aggregate, and make the data available to IT applications. An MDM system often interfaces to application such as fraud prevention, billing, or outage management. A meter data management platform provides a platform for building service-oriented architectures (SOA) for rapid deployment and low-cost integration of new capabilities. As meter data management systems are the central collection point for the smart meter data several utilities across the globe prefer installation of a single meter data management system. The meter data management system solution includes meter and network asset monitoring and management, smart meter deployment planning and management, automated smart meter provisioning and billing reduction, workforce management system, asset management, meter-to-cash system and other systems.

The global market for meter data management system is rising and is expected to rise at a significant rate in the future. The market’s growth in the meter data management market is primarily driven by the accelerate deployment of smart meters and advanced metering infrastructure technologies. Additionally, an increased demand for reliable, quality, and safe power further accelerates growth in the global meter data management systems market. The meter data management system further creates an opportunity for distribution utilities to build intelligent applications across the enterprise. Moreover, incentives and efforts from government across the globe are likely to further act a catalyst to the market’s growth. Thus, the market is expected to rise at a significant rate in the future on account of factors mentioned above. However, identifying the role of technology and their value to utilities coupled with lack of robust standards for functionality and communication may hamper growth in the market. Furthermore, incomplete or immature service-oriented architectures at utilities rolling out the smart meters and advanced metering infrastructure may act as a barrier to the growth in the global meter data management systems market.

The global meter data management market is expected to register a significant growth in the future. Presently, North America driven by the on-going rapid deployment of smart metering technologies holds the largest market for meter data management system. Europe is a key region facilitating growth in the global meter data management market. The market growth in these regions is driven by support from government in the form of research and development of advanced metering infrastructure and other smart grid technologies. European Countries such as the UK and Germany are expected to drive the growth of this market. Ample growth opportunities exist in the meter data management market with a significant rise in the deployment of smart meters and other smart grid technologies.

Some of the key market players in Smart Grid Meter Data Management (MDM) Systems market are Aclara, Hansen Technologies, Oracle, Ecologic Analytics, eMeter, OSIsoft, MDUS, and SAP MDUS among others.

This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include

  • North America
  • Asia Pacific
  • Europe
  • Middle East and Africa
  • Latin America

This report provides comprehensive analysis of

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for upcoming years

This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.

Reasons for Buying this Report

  • This report provides pin-point analysis for changing competitive dynamics
  • It provides a forward looking perspective on different factors driving or restraining market growth
  • It provides a six-year forecast assessed on the basis of how the market is predicted to grow
  • It helps in understanding the key product segments and their future
  • It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
  • It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
  • It provides distinctive graphics and exemplified SWOT analysis of major market segments

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Smart Grid Meter Data Management System Market

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