Market Overview:
The global meter data management product market is expected to grow at a CAGR of 10.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for cloud-based and on-premises meter data management products across different applications such as manufacturing, retail, financial, government, and others. North America is expected to hold the largest share of the global meter data management product market in 2018 followed by Europe and Asia Pacific.
Product Definition:
Meter Data Management Product is a software that helps utilities manage and analyze data from smart meters. It helps identify and correct billing errors, optimize grid operations, and improve customer service.
Cloud-based:
Cloud-based solutions are expected to gain traction in the global meter data management product market owing to factors such as low cost of implementation, ease of use and high reliability. The industry is anticipated to witness a significant increase in demand over the forecast period due to growing emphasis on digitalization and smart city initiatives across various regions.
The cloud-based technology offers benefits such as easy access from any location, real-time information.
On-premises:
On-premises is a term used for computer software and hardware installed at the customer's site. It may be operated as a standalone system or in combination with other systems. On-premise solutions offer data security from external threats such as hackers and are easy to maintain, upgrade, repair & optimize.
Application Insights:
The manufacturing application segment accounted for the largest revenue share in 2017 and is projected to continue its dominance over the forecast period. The growing industrialization across developing countries, such as China, India, and Brazil is expected to contribute significantly towards industry growth.
The financial application segment was valued at USD 846.1 million in 2017 owing to rising use of smart meters for billing and account management purposes by electricity distribution companies (DisCos). The product helps DisCos in improving customer engagement through meter reading, billing & accounts management services. Furthermore, meter data helps DisCoS improve their asset reliability by monitoring usage patterns of their assets thus ensuring better performance of electrical grid thus contributing towards market growth over the coming years.
Retailers are also anticipated to adopt these products extensively as they help them manage inventory effectively along with providing insights into consumer behavior thereby driving demand from retail sector over the forecast period.
Regional Analysis:
North America dominated the global meter data management product market in 2017. North America is home to several prominent players of the industry, such as Honeywell International Inc.; Johnson Controls; and Emerson Electric Co.; among others. The increasing demand for smart meters across various applications in North America has led to an increase in deployment plans by utilities, which is anticipated to drive the regional market over the forecast period.
Asia Pacific is expected to witness significant growth over the forecast period owing to rising government initiatives pertaining Meter Data Management (MDM) solutions across various industries and verticals including energy & power, healthcare & life sciences, transportation & logistics sectors for better business intelligence and improved customer experience. Moreover, growing penetration of digitalization across numerous industrial sectors including manufacturing sector will also drive this regional market further. Furthermore, favorable regulatory policies are also expected fuel growth during the forecast period – For instance.
Growth Factors:
- Increasing demand for big data and analytics: The growth of big data and analytics is fueling the demand for meter data management products as these products help organizations to derive insights from large volumes of data.
- Proliferation of smart meters: The proliferation of smart meters is driving the need for meter data management products as these devices generate large volumes of data that need to be managed and analyzed.
- Growing focus on energy efficiency: Organizations are increasingly focusing on energy efficiency, which is driving the demand for meter data management products as these products help organizations to track and analyze energy usage patterns.
- Rising concerns over cyber security: Concerns over cyber security are rising, which is leading organizations to invest in meter data management solutions that can help protect their systems from cyber attacks.
Scope Of The Report
Report Attributes
Report Details
Report Title
Meter Data Management Product Market Research Report
By Type
Cloud-based, On-premises
By Application
Manufacturing, Retail, Financial, Government, Others
By Companies
OSIsoft, Oracle, Itron, ElectSolve, Gruppo Engineering, Landis+Gyr, Siemens, Terranova Software, Cuculus, Energyworx, Ferranti Computer, Systems, Honeywell, Enoro, Accenture, Fluentgrid Limited, SAP, Itron
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
136
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Meter Data Management Product Market Report Segments:
The global Meter Data Management Product market is segmented on the basis of:
Types
Cloud-based, On-premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Manufacturing, Retail, Financial, Government, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- OSIsoft
- Oracle
- Itron
- ElectSolve
- Gruppo Engineering
- Landis+Gyr
- Siemens
- Terranova Software
- Cuculus
- Energyworx
- Ferranti Computer
- Systems
- Honeywell
- Enoro
- Accenture
- Fluentgrid Limited
- SAP
- Itron
Highlights of The Meter Data Management Product Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud-based
- On-premises
- By Application:
- Manufacturing
- Retail
- Financial
- Government
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Meter Data Management Product Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Meter Data Management Product (MDMP) is a software application that helps utilities manage their meter data. MDMPs can help utilities track and analyze meter data, identify trends, and make informed decisions about energy usage.
Some of the major companies in the meter data management product market are OSIsoft, Oracle, Itron, ElectSolve, Gruppo Engineering, Landis+Gyr, Siemens, Terranova Software, Cuculus, Energyworx, Ferranti Computer, Systems, Honeywell, Enoro, Accenture, Fluentgrid Limited, SAP, Itron.
The meter data management product market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Meter Data Management Product Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Meter Data Management Product Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Meter Data Management Product Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Meter Data Management Product Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Meter Data Management Product Market Size & Forecast, 2018-2028
4.5.1 Meter Data Management Product Market Size and Y-o-Y Growth
4.5.2 Meter Data Management Product Market Absolute $ Opportunity
Chapter 5 Global Meter Data Management Product Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Meter Data Management Product Market Size Forecast by Type
5.2.1 Cloud-based
5.2.2 On-premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Meter Data Management Product Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Meter Data Management Product Market Size Forecast by Applications
6.2.1 Manufacturing
6.2.2 Retail
6.2.3 Financial
6.2.4 Government
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Meter Data Management Product Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Meter Data Management Product Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Meter Data Management Product Analysis and Forecast
9.1 Introduction
9.2 North America Meter Data Management Product Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Meter Data Management Product Market Size Forecast by Type
9.6.1 Cloud-based
9.6.2 On-premises
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Meter Data Management Product Market Size Forecast by Applications
9.10.1 Manufacturing
9.10.2 Retail
9.10.3 Financial
9.10.4 Government
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Meter Data Management Product Analysis and Forecast
10.1 Introduction
10.2 Europe Meter Data Management Product Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Meter Data Management Product Market Size Forecast by Type
10.6.1 Cloud-based
10.6.2 On-premises
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Meter Data Management Product Market Size Forecast by Applications
10.10.1 Manufacturing
10.10.2 Retail
10.10.3 Financial
10.10.4 Government
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Meter Data Management Product Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Meter Data Management Product Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Meter Data Management Product Market Size Forecast by Type
11.6.1 Cloud-based
11.6.2 On-premises
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Meter Data Management Product Market Size Forecast by Applications
11.10.1 Manufacturing
11.10.2 Retail
11.10.3 Financial
11.10.4 Government
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Meter Data Management Product Analysis and Forecast
12.1 Introduction
12.2 Latin America Meter Data Management Product Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Meter Data Management Product Market Size Forecast by Type
12.6.1 Cloud-based
12.6.2 On-premises
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Meter Data Management Product Market Size Forecast by Applications
12.10.1 Manufacturing
12.10.2 Retail
12.10.3 Financial
12.10.4 Government
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Meter Data Management Product Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Meter Data Management Product Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Meter Data Management Product Market Size Forecast by Type
13.6.1 Cloud-based
13.6.2 On-premises
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Meter Data Management Product Market Size Forecast by Applications
13.10.1 Manufacturing
13.10.2 Retail
13.10.3 Financial
13.10.4 Government
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Meter Data Management Product Market: Competitive Dashboard
14.2 Global Meter Data Management Product Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 OSIsoft
14.3.2 Oracle
14.3.3 Itron
14.3.4 ElectSolve
14.3.5 Gruppo Engineering
14.3.6 Landis+Gyr
14.3.7 Siemens
14.3.8 Terranova Software
14.3.9 Cuculus
14.3.10 Energyworx
14.3.11 Ferranti Computer
14.3.12 Systems
14.3.13 Honeywell
14.3.14 Enoro
14.3.15 Accenture
14.3.16 Fluentgrid Limited
14.3.17 SAP
14.3.18 Itron
