Dallas, Texas (PRWEB) May 20, 2015
The report, Global Meter Data Management Market 2015-2019, says regulatory authorities worldwide is formulating ways to encourage the adoption of smart grid systems. Governments are also providing incentives to attract more investment into the smart grid industry. The adoption of MDM solutions by power utilities has helped enhance the AMI platform, while improving operational efficiency, energy projection, distribution system dependability, and regulatory compliance. The MDM and smart grid industries in China and India have seen considerable growth, driven by large-scale investments from international vendors.
The complete report of 72 pages is available at http://www.reportsnreports.com/reports/396033-global-meter-data-management-market-2015-2019.html. The report provides 29 List of Exhibits segmentation analysis; Smart Grid IT Spending in MDM Software Segment ; Competitive Landscape of Global MDM Market and more.
The analysts, forecast global meter data management market to grow at a CAGR of 27.4% over the period 2014-2019. Utilities all over the world have begun to adopt smart meters to realize the overall goal of creating a smart grid system. According to the Global Meter Data Management Market 2015-2019 report, the need to reduce electricity theft has increased globally, which is fueling the demand for smart meters. The MDM software used in these smart meters facilitates better control and close monitoring of electricity and other utilities. This helps end-users avoid meter tampering and reduces disturbances in power distribution.
The report includes the segmentation of the Meter Data Management market based on the application: Software Segment and Managed Services Segment
Key Market Drivers
- Need to reduce electricity theft
- Need for high billing accuracy
- Better financial planning
- Introduction of usage-based tariff plans
Key Market Trends
- Support from regulatory authorities
- Increase in smart grid installations
- Preference for wireless smart energy meters over wired meters
- End-to-end solutions for better energy management
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The following companies as the key players in the global meter data management market: Elster Group SE, Itron Inc., Landis+Gyr AG, Oracle Corp. and Siemens AG.
Other Prominent Vendors in the market are: Aclara Software, Cuculus, ElectSolve Technology Solutions & Services, Enoro, Ferranti Computer Systems, Gruppo Engineering, Harris Utilities, North Star Utilities Solutions, OSIsoft, Powel and Robotron Datenbank-Software.
Further, the report “Global Meter Data Management Market 2015-2019” states that issues pertaining to data management have increased. Smart meters generate huge data volumes at frequent intervals, which makes it difficult for power utilities to arrive at useful conclusions regarding power usage patterns.
Other Related Report on Data Management:
Global Structured Data Management Software Market 2014-2018 (Get 20% Discount on this report till May 22, 2015 ): Analysts forecast the Global Structured Data Management Software market to grow at a CAGR of 7.82% over the period 2013-2018.
This report covers the present scenario and the growth prospects of the Global Structured Data Management Software market for the period 2014-2018. To calculate the market size, the report considers the revenue generated from the sales of the following:
- Relational database management software
- Non-relational database management software
- Data integration and access software
- Data development and management tools
Key Vendors: IBM, Microsoft, Oracle and SAP
Other Prominent Vendors: Aerospike, Basho Technologies, Couchbase, DataStax, FoundationDB, Fujitsu, Google, Hitachi, MarkLogic, MongoDB, Netezza, Progress Software, Rackspace, Salesforce.com, SAS Institute and Teradata.
Market Driver - Generation of Structured Data
Market Challenge - Issues Related with Data Security and Data Privacy
Market Trend - Increased Demand for Hadoop
Global Product Data Management (PDM) Market 2014-2018 (Get 20% Discount on this report till May 22, 2015): Analysts forecast the Global Product Data Management market to grow at a CAGR of 10.72% over the period 2013-2018.
This report covers the present scenario and the growth prospects of the Global Product Data Management market for the period 2014-2018. The following are the major end-users of the Global Product Data Management market: the Automotive industry, Electrical and Electronics industry, Industrial Machinery industry, Aerospace and Defense sector, and Other industries including the Petrochemical, Utility, and Other Process industries.
Key Vendors: Dassault Systèmes, Oracle, Parametric Technology, SAP, Siemens PLM Software
Other Prominent Vendors: Accenture, Autodesk, Aveva Group, IBM and Synopsys
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