Lewes, DE -- (SBWIRE) -- 05/26/2015 -- Report forecast the global meter data management market to grow at a CAGR of 27.4 percent over the period 2014-2019.

A meter data management system is mainly used to collect meter readings from advanced and automated metering systems. The system accurately collects data and helps generate bills with minimum manual interference. It is considered as the backbone of an AMI system and a key constituent of smart grid. Meter data management system is the key component of smart grid infrastructure that helps in managing data collection from AMI. A meter data management system imports, validates, and processes data before they can be used for billing and analysis. This system is the central components of smart metering solutions, resulting in its increased demand.

The report covers the present scenario and the growth prospects of the global meter data management market for the period 2015-2019. The report includes the segmentation of the market based on application and geography.

According to the 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 facilitate better control and close monitoring of electricity and other utilities. This helps end-users avoid meter tampering and reduces disturbances in power distribution.

Further, the report 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.

Global Meter Data Management Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

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

Market Driver
- Reduction in Electricity Theft
- For a full, detailed list, view our report

Market Challenge
- Data Management Issues
- For a full, detailed list, view our report

Market Trend
- Support from Regulatory Authorities
- For a full, detailed list, view our report

Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 72 pages, "Global Meter Data Management Market 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Market Segmentation by Application, Geographical Segmentation, Key Leading Countries, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://www.marketresearchreports.com/technavio/global-meter-data-management-market-2015-2019

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