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.
In-depth
research report on Smart Grid Meter Data Management (MDM)
System Market with Full TOC at :
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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.
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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
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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.
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