The smart meter data management denotes to the long-term data
storage and management of massive quantity of data delivered by the several
smart meters. In addition, it supports organizations to pucker, store, and
course all variates of data to support the organizations to deal with augment
in the volume of data and delivers the useful information for getting the
better insights. Furthermore, it allows the organization to import the data,
authorize the data, and cleanse and procedure it before creating it available
for the several analysis and billing procedure. In addition, the several
systems associated with the smart meter data management system involve the
meter-to-cash system, workforce management system, asset management, and
several other systems.
According to the report analysis, ‘U.S Smart Meter Data Management Market by Component
(Software and Services), Deployment Model (On-premise and Cloud), and
Application (Electric, Gas, and Water): U.S. Opportunity Analysis and Industry
Forecast, 2019-2026’ states that in the U.S smart Meter data
management market there are numerous companies which presently functioning more
effectively for leading the fastest market growth and dominating the handsome
value of market share around the globe during the forecast years while
spreading the awareness related to the smart meter data management, delivering
the better consumer satisfaction concerned to the smart meter data management,
decreasing the associated price, increasing the applications of the smart
meters, studying and analyzing the strategies and policies of the government
and competitors, employing the young work force, and implementing the
profitable strategies includes Oracle Corporation, Arad Group, Trilliant
Holdings, Inc., Elster Group GmbH, Itron, Siemens AG, Aclara Technologies LLC,
Enoro, ElectSolve Technology Solutions & Services, Inc., Landis+Gyr and
several others.
In addition, the U.S. smart meter data managements market is sectored
on the basis of component, deployment mode, application and region. By
component, the market is classified into software and services. The software sector
is further divided into meter data management system (MDMS), meter data
analytics (MDA), and software communication. Services are further studied around
consulting, project management, implementation & integration, and many other
support services. By deployment type, it is sectored into cloud based and
on-premise. Based on the application the market is classified into electric,
gas and water. By country, the market is analyzed around the U.S.
Whereas, the effective growth in the demand for smart meters around
the U.S. to efficiently use energy sources and monitor energy consumption propel
the market growth. Further, the supportive rules and regulations, as well as
initiatives commenced by the governing bodies of the nation, boost the requirement
for the smart meter data management products. However, the great cost of these
meters and management of extraordinary volume of data are projected to restrict
the market growth. Nevertheless, augment in the volume of meter data & high
requirement for the predictive analysis and integration of advance technologies
such as AI in smart meter data management are projected to offer considerable
growth choices for the smart meter data management market. Therefore, in the
near years, it is anticipated that the market of U.S. Smart meter data
management will increase around the globe over the inflowing years more
significantly.
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Ankur Gupta, Head Marketing & Communications
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