U.S Smart Meter Data Management Market by Component (Software and Services), Deployment Model (On-premise and Cloud), and Application (Electric, Gas, and Water) and Region – Analysis of Market Size, Share & Trends for 2019 – 2020 and Forecasts to 2030
Smart data management refers to the long-term storage and monitoring of vast volumes of data provided by different smart meters. It also allows organizations to collect, process, and store all kinds of information to help companies handle increased volumes of data and provide useful information for improved knowledge and insight. Moreover, the organization allows data to be imported, validated, and cleaned and processed before it is available for different analyzes and billing processes.
As for the United States, the forecast for smart meter data management is USD 4 Billion by 2030, with the market expanding by 18% CAGR between 2019-2030. The figure is estimated at 2 Billion in 2018.
US Smart Meter Data Management Market: Segments
During the forecast era, the electric gas meter segment would gain substantial share. In particular, the development of the US smart meter data management market is driving the application of digital meter data management software in this industry, which is driving increased demand for smart grids and power across the US and increased integration of electric vehicles and grids. Due to the boost in policy measures to implement water meter data management across the US, the water meter sector is anticipated to expand with highest rate in the forecast period.
US Smart Meter Data Management Market: Market Dynamics
The need for each predictive and prescriptive analysis increases
The need for both prescriptive and predictive analysis as a way to gain insight encourages the advancement of meter-data management solutions as these systems help facilities turn meter data into useful insights that enhance the grid activity. The continuing growth of volumes and new applications, such as grid optimization and demand-side management, is driving the need for improved meter data analysis and meter data management systems (MDMS).
Problems in data managing
The management of broad volumes of data produced by short interval readings of smart meter data is anticipated to hinder the US data management market’s growth as this is expected to be often impossible to manage. This enormous amount of data will obstruct meaningful conclusions for power suppliers.
US Smart Meter Data Management Market: Region
US Smart Meter Data Management Market is further segmented by region into:
· US Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR
US Smart Meter Data Management Market: Key Players
• Oracle Corporation
o Company Overview
o Business Strategy
o Key Product Offerings
o Financial Performance
o Key Performance Indicators
o Risk Analysis
o Recent Development
o Regional Presence
o SWOT Analysis
• Arad Group
• Trilliant Holdings, Inc.
• Elster Group GmbH
• Siemens AG
• Aclara Technologies LLC
• ElectSolve Technology Solutions & Services, Inc.
• Other Prominent Players
US Smart Meter Data management Market report also contains analysis on:
• US Smart Meter Data management Market Segments:
o By Component
o Meter Data Management System (MDMS)
o Meter Data Analytics (MDA)
o Software Communication
o Project Management
o Implementation and Integration
o Other Support Services
o By Deployment Mode
o By Application
• US Smart Meter Data Management Market Dynamics
• US Smart Meter Data Management Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies Involved in the Market
• Value Chain of the Market
• Market Drivers and Restraints