Bharat Book Bureau Provides the Trending Market Research Report on “Global Smart Meter Data Management Market 2019-2027”under Media & Technology Category. The report offers a collection of superior market research, market analysis, competitive intelligence and Market reports.

MARKET OUTLOOK
According to the in-depth analysis by this Report, the global Smart Meter Data Management Market is expected to exhibit an upward trend at a CAGR of 15.75% for the forecasting years 2019-2027.

A rapid increase in the adoption of smart meters, implementation of advanced metering technology, global energy demand, favorable government policies, and legislative compliances towards smart metering drive the overall smart meter data management market. Along with that, an increase in smart city initiatives is also fueling the market to grow. Smart meters help in accurately monitoring gas, water, and electricity usage and send the usage information data to the utility company. This results in effectively managing consumption and improving billing & customer service, which includes disconnection & reconnection of the service.

The high cost of installing smart meters is one of the factors hampering the market. Furthermore, costs related to services such as maintenance, upgradation, consulting, and integration are major restraints for the growth of the market. Problems while integration with smart meters, security concerns such as remote access and data protection, and unawareness among consumers are some of the market challenges for utility companies to gain a stronghold in the market.

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REGIONAL OUTLOOK
The global smart meter data management market includes the regions of North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.

The Asia-Pacific region offers the highest opportunities for the growth of the smart meter data management market in terms of revenue during the forecasted period. For instance, significant growth in the adoption of smart metering technology in East Asia and rapid growth in the Chinese market are the factors boosting the growth of the smart meter market. Countries like Myanmar and the Philippines are also expected to adopt advanced smart grids and other smart utility network components by focusing on upgrading & replacing outdated infrastructure and installing smarter power networks. This will allow them to leverage their energy consumption. The second wave of installing smart electricity meters is underway in China, and it is predicted that New Zealand, too, will witness the huge number of smart meter deployments.

COMPETITIVE OUTLOOK
Some of the prominent organizations in the smart meter data management market are Itron Inc., Landys+Gyr Group, Oracle Utilities (Opower), Siemens AG, Trilliant Holdings, Eaton Corporation, DIEHL, Schneider Electric, Kamstrup, and Sensus (XYLEM).

Itron, Inc. is a leading technology and service company. The company provides products, solutions, and services to electric, gas, and water utility companies across the globe. It designs, manufactures, markets, sells, and installs hardware, software, and integrated systems for handheld meter reading devices and automatic meter reading systems. The company has records for safely, securely, and reliably distributing its critical infrastructure services to communities in more than 100 regions. Itron has a strong track record of working with utilities and cities around the world to improve metering technology, networking architecture and other software. The company operates under the Itron brand and has its manufacturing facilities located throughout the world.

Table Of Contents
1. Global Smart Meter Data Management Market - Summary

2. Industry Outlook
2.1. Market Definition
2.2. Key Insights
2.2.1. Asia-Pacific Is The Market Leader
2.2.2. In The Software Segment Meter Data Analytics Will Show Promising Trends
2.2.3. Increased Initiatives To Develop Smart Cities Will Help The Market Grow

2.3. Porter’S Five Forces Analysis
2.3.1. Threat Of New Entrants
2.3.2. Threat Of Substitute
2.3.3. Bargaining Power Of Suppliers
2.3.4. Bargaining Power Of Buyers
2.3.5. Threat Of Competitive Rivalry

2.4. Key Impact Analysis
2.4.1. Cost
2.4.2. Interoperability
2.4.3. Brand Name Of The Company

2.5. Market Attractiveness Index

2.6. Vendor Scorecard

2.7. Market Drivers
2.7.1. Growth In Adoption Of Smart Meters
2.7.2. Implementation Of Advanced Metering Infrastructure On The Rise

2.8. Market Restraints
2.8.1. Integration Challenges
2.8.2. High Cost Of Installation

2.9. Market Opportunities
2.9.1. Incentives And Support From Governments

2.10. Market Challenges
2.10.1. Security Concerns

3. Global Smart Meter Data Management Market Outlook - By Component
3.1. Software
3.1.1. Meter Data Management System
3.1.2. Meter Data Analytics
3.1.3. Communication Software

3.2. Service
3.2.1. Consulting
3.2.2. Project Management
3.2.3. Implementation & Integration
3.2.4. Other Support Services

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