Market Overview:
The global metering software market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient solutions and the growing need for advanced metering infrastructure (AMI) across various industries. Offline software held a larger share of the global metering software market in 2017, owing to its advantages such as low installation and maintenance costs, easy upgradability, and compatibility with multiple devices. However, online software is expected to grow at a higher CAGR during the forecast period due its advantages such as real-time monitoring capabilities, reduced carbon footprints, and improved customer service experience. The consumer electronics segment accounted for the largest share of the global metering software market in 2017 due to rising demand for smart meters from residential consumers across various regions worldwide.
Product Definition:
Metering software is used to measure and calculate the amount of data passing through a network. It helps organizations track their bandwidth usage, plan for future growth, and optimize their network performance.
Online Software:
Online software, also known as cloud-based software or hosted software, is a collection of tools and services that help meter readers gain access to an extensive database of metering data. It helps them process the information more efficiently by providing relevant reports and statistics. The online software also allows users to set up automated processes for regularly occurring tasks such as reading meters on holidays or weekends when no employees are available.
Offline Software:
Offline software is used to create, modify and destroy metering data. It can be used by system integrators or directly by the user.
1) Utility based offline software (generally known as plug-in or legacy offline software). This type of offline tool provides a limited set of functions for reading and writing data to an instrument’s memory.
Application Insights:
The power and energy segment dominated the global metering software market in terms of revenue share in 2017. The growth can be attributed to the increasing demand for electricity from countries, such as China, India, and Brazil. These countries are witnessing rapid industrialization with a growing emphasis on manufacturing activities. This has led to an increased requirement for electricity generation across various sectors including oil & gas, construction materials manufacturing etc., which is expected to fuel industry expansion over the forecast period.
Medical application is anticipated to witness significant growth over the forecast period owing to its rising use in medical devices and equipment manufacturing globally coupled with stringent government regulations regarding patient safety and data security implemented across various regions globally. The implementation of these software solutions helps reduce human errors during medication processes by providing real-time information about each device's usage thus improving patient safety outcomes significantly leading towards higher adoption rates worldwide over the coming years.
Regional Analysis:
Europe accounted for the largest market share in 2017 and is expected to continue its dominance over the forecast period. Europe has been at the forefront of promoting digitalization across all industry verticals, especially energy and utility sector. The region has also witnessed a significant adoption of metering software by end-users such as consumers, industrial manufacturers, power distributors among others.
The Asia Pacific regional market is anticipated to witness substantial growth over the forecast period owing to increasing demand from developing countries such as India and China among others. These countries are witnessing rapid urbanization along with rising electricity consumption due to growing population; these factors are expected drive regional growth during the forecast years.
Growth Factors:
- Increasing demand for energy efficient solutions: The global metering software market is expected to grow at a CAGR of over 7% during the forecast period. This can be attributed to the increasing demand for energy efficient solutions across various industries.
- Proliferation of smart meters: Smart meters are equipped with advanced features that help in accurate and timely measurement of electricity consumption. This is expected to fuel the growth of the metering software market during the forecast period.
- Rising adoption of cloud-based metering software: Cloud-based metering software helps organizations reduce their capital and operational expenses related to meter data management (MDM). Thus, this technology is witnessing high adoption among various industry verticals, thereby propelling the growth of the global metering software market.
- Growing need for real-time monitoring and analysis: The need for real-time monitoring and analysis has been growing rapidly in recent years due to rising concerns about energy wastage and security threats posed by power grids worldwide. This is anticipated to create lucrative opportunities for players operating in the global metering software market duringthe forecast period . 5) Stringent government regulations pertainingtoenergy conservation : Governments across various countries are implementing stringent regulations pertainingtoenergy conservation, which is drivingthe demandformetersoftware globally
Scope Of The Report
Report Attributes
Report Details
Report Title
Metering Software Market Research Report
By Type
Online Software, Offline Software
By Application
Consumer Electronics, Power and Energy, Medical, Industrial Manufacturing, Automotive, Aerospace and Defence, Others
By Companies
3D Systems, Inc., Carl Zeiss AG, Microsoft, Konica Minolta Inc., Nikon Inc., Renishaw Plc., Rudolph Technologies, Inc., FARO Technologies, Inc., Perceptron Inc., Metrologic Group, Tech Soft 3D, GOM Metrology, Creaform, Optical Gaging Products (OGP), Retecon (Pty) Ltd., Worklogix Middle East, Verisurf Software, Inc., Image Metrology A/S, 3d Digital Corp, Minds Mechanical, SPSS, Mathworks, GMS, Hexagon
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
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global Metering Software Market Report Segments:
The global Metering Software market is segmented on the basis of:
Types
Online Software, Offline Software
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
Consumer Electronics, Power and Energy, Medical, Industrial Manufacturing, Automotive, Aerospace and Defence, 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:
- 3D Systems, Inc.
- Carl Zeiss AG
- Microsoft
- Konica Minolta Inc.
- Nikon Inc.
- Renishaw Plc.
- Rudolph Technologies, Inc.
- FARO Technologies, Inc.
- Perceptron Inc.
- Metrologic Group
- Tech Soft 3D
- GOM Metrology
- Creaform
- Optical Gaging Products (OGP)
- Retecon (Pty) Ltd.
- Worklogix Middle East
- Verisurf Software, Inc.
- Image Metrology A/S
- 3d Digital Corp
- Minds Mechanical
- SPSS
- Mathworks
- GMS
- Hexagon
Highlights of The Metering Software 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:
- Online Software
- Offline Software
- By Application:
- Consumer Electronics
- Power and Energy
- Medical
- Industrial Manufacturing
- Automotive
- Aerospace and Defence
- 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 Metering Software 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.
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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?
Metering software is a type of software that helps organizations manage energy consumption. It can help identify and track energy usage in real time, provide reports on past and future energy use, and make recommendations on how to reduce energy consumption.
Some of the major companies in the metering software market are 3D Systems, Inc., Carl Zeiss AG, Microsoft, Konica Minolta Inc., Nikon Inc., Renishaw Plc., Rudolph Technologies, Inc., FARO Technologies, Inc., Perceptron Inc., Metrologic Group, Tech Soft 3D, GOM Metrology, Creaform, Optical Gaging Products (OGP), Retecon (Pty) Ltd., Worklogix Middle East, Verisurf Software, Inc., Image Metrology A/S, 3d Digital Corp, Minds Mechanical, SPSS, Mathworks, GMS, Hexagon.
The metering software market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Metering Software 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 Metering Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Metering Software 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 Metering Software 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 Metering Software Market Size & Forecast, 2018-2028
4.5.1 Metering Software Market Size and Y-o-Y Growth
4.5.2 Metering Software Market Absolute $ Opportunity
Chapter 5 Global Metering Software 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 Metering Software Market Size Forecast by Type
5.2.1 Online Software
5.2.2 Offline Software
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Metering Software 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 Metering Software Market Size Forecast by Applications
6.2.1 Consumer Electronics
6.2.2 Power and Energy
6.2.3 Medical
6.2.4 Industrial Manufacturing
6.2.5 Automotive
6.2.6 Aerospace and Defence
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Metering Software 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 Metering Software 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 Metering Software Analysis and Forecast
9.1 Introduction
9.2 North America Metering Software 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 Metering Software Market Size Forecast by Type
9.6.1 Online Software
9.6.2 Offline Software
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 Metering Software Market Size Forecast by Applications
9.10.1 Consumer Electronics
9.10.2 Power and Energy
9.10.3 Medical
9.10.4 Industrial Manufacturing
9.10.5 Automotive
9.10.6 Aerospace and Defence
9.10.7 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 Metering Software Analysis and Forecast
10.1 Introduction
10.2 Europe Metering Software 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 Metering Software Market Size Forecast by Type
10.6.1 Online Software
10.6.2 Offline Software
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 Metering Software Market Size Forecast by Applications
10.10.1 Consumer Electronics
10.10.2 Power and Energy
10.10.3 Medical
10.10.4 Industrial Manufacturing
10.10.5 Automotive
10.10.6 Aerospace and Defence
10.10.7 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 Metering Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Metering Software 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 Metering Software Market Size Forecast by Type
11.6.1 Online Software
11.6.2 Offline Software
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 Metering Software Market Size Forecast by Applications
11.10.1 Consumer Electronics
11.10.2 Power and Energy
11.10.3 Medical
11.10.4 Industrial Manufacturing
11.10.5 Automotive
11.10.6 Aerospace and Defence
11.10.7 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 Metering Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Metering Software 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 Metering Software Market Size Forecast by Type
12.6.1 Online Software
12.6.2 Offline Software
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 Metering Software Market Size Forecast by Applications
12.10.1 Consumer Electronics
12.10.2 Power and Energy
12.10.3 Medical
12.10.4 Industrial Manufacturing
12.10.5 Automotive
12.10.6 Aerospace and Defence
12.10.7 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) Metering Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Metering Software 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) Metering Software Market Size Forecast by Type
13.6.1 Online Software
13.6.2 Offline Software
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) Metering Software Market Size Forecast by Applications
13.10.1 Consumer Electronics
13.10.2 Power and Energy
13.10.3 Medical
13.10.4 Industrial Manufacturing
13.10.5 Automotive
13.10.6 Aerospace and Defence
13.10.7 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 Metering Software Market: Competitive Dashboard
14.2 Global Metering Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 3D Systems, Inc.
14.3.2 Carl Zeiss AG
14.3.3 Microsoft
14.3.4 Konica Minolta Inc.
14.3.5 Nikon Inc.
14.3.6 Renishaw Plc.
14.3.7 Rudolph Technologies, Inc.
14.3.8 FARO Technologies, Inc.
14.3.9 Perceptron Inc.
14.3.10 Metrologic Group
14.3.11 Tech Soft 3D
14.3.12 GOM Metrology
14.3.13 Creaform
14.3.14 Optical Gaging Products (OGP)
14.3.15 Retecon (Pty) Ltd.
14.3.16 Worklogix Middle East
14.3.17 Verisurf Software, Inc.
14.3.18 Image Metrology A/S
14.3.19 3d Digital Corp
14.3.20 Minds Mechanical
14.3.21 SPSS
14.3.22 Mathworks
14.3.23 GMS
14.3.24 Hexagon
