Meter Data Management System Market Size, Industry Trends, Growth and Research Report 2022-2027

The latest report published by IMARC Group, titled "Meter Data Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," offers a comprehensive analysis of the industry, which comprises insights on the market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global meter data management system market is expected to exhibit a CAGR of 19.7% during 2022-2027. A meter data management system (MDMS) refers to software that imports, edits, verifies, and processes the advanced metering infrastructure (AMI) data delivered by smart metering systems. It measures gas, electricity, and water consumption for analysis and final billing. It is an important component of the AMI that enables bidirectional communication between the central management and the meter system. Compared to traditionally used systems, the MDMS allows users to consolidate all consumption data under a single structure and manage analog and interval data to optimize business processes.

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Market Trends and Drivers:

The modernization of aging power infrastructure and the deployment of smart grids are some of the key factors driving the meter data management system market growth. In line with this, the surging adoption of advanced metering technologies for power outage management and enhancing grid reliability, supported by rapid urbanization, are bolstering the market growth. Additionally, key market players are integrating advanced metering systems with the Internet-of-Things (IoT) and cloud computing systems to increase their consumer base, which is providing a considerable thrust to the market growth. Other factors, such as the increasing demand for data monitoring systems to manage overall energy consumption, the rising global population, and favorable government policies, are creating a positive outlook for the market.

Meter Data Management System Market 2022-2027 Competitive Landscape and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the meter data management system market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• ABB Ltd.
• Aclara Technologies LLC
• Arad Group
• Diehl Stiftung & Co. KG
• Eaton Corporation Inc.
• Elster Group GmbH
• Honeywell International Inc.
• Itron Inc.
• Kamstrup
• Landis+Gyr
• Oracle Corporation
• Schneider Electric
• Siemens
• Trilliant Holdings Inc.

Key Market Segmentation:

The report has segmented the global meter data management system market based on component type, utility type, application, deployment type, end-user and region.

Breakup by Component Type:

• Hardware
• Software and Services

Breakup by Utility Type:

• Electricity
• Gas
• Water

Breakup by Application:

• Smart Grid
• Microgrid
• Energy Storage
• EV Charging
• Others

Breakup by Deployment Type:

• Cloud-based
• On-premises

Breakup by End-User:

• Residential
• Commercial
• Industrial

Breakup by Region:

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

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This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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This release was published on openPR.