U.S. Smart Meter Data Management Market Expected to Reach USD 556.94 Million by 2026|Top Players such as - Enoro, Itron and Landis+Gyr

According to the report published by Allied Market Research, The U.S. Smart Meter Data Management Market Expected to Reach USD 556.94 Million by 2026|Top Players such as - Enoro, Itron and Landis+Gyr. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions.

The growth of the U.S. smart meter data management market is driven by rise in demand for smart meters across the U.S. to efficiently use energy sources and monitor energy consumptions. Further, supportive rules and regulations, as well as initiatives undertaken by the governing bodies of the nation, boost the demand for smart meter data management products. However, the high cost of these meters and management of high volume of data are expected to hamper the market growth. Nevertheless, increase in volume of meter data & high demand for predictive analysis and integration of advance technologies such as AI in smart meter data management are expected to offer considerable growth opportunities for the smart meter data management market.

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The U.S. smart meter data management market is segmented on the basis of component, deployment mode, application, and region. By component, the market is bifurcated into software and services. The software segment is further segmented into meter data management system (MDMS), meter data analytics (MDA), and software communication. Services are further studied across consulting, project management, implementation & integration, and other support services. By deployment type, it is bifurcated into cloud based and on-premise. By application, the market is divided into electric, gas and water. By country, the market is analyzed across the U.S.

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The key players profiled in the U.S. smart meter data management market analysis are Oracle Corporation, Arad Group, Trilliant Holdings, Inc., Elster Group GmbH, Itron, Siemens AG, Aclara Technologies LLC, Enoro, ElectSolve Technology Solutions & Services, Inc., and Landis+Gyr. These players have adopted various strategies to increase their U.S. smart meter data management market penetration and strengthen their position in the industry.

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Key Findings of the Study

● On the basis of component, the software segment led the U.S. smart meter data management market, in terms of revenue in 2018.

● By deployment model, the on-premise accounted for the highest U.S. smart meter data management market share in 2018.

● Depending on application, the electric gas segment is anticipated to exhibit substantial growth during the forecast period.

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