NEW YORK, Dec. 7, 2015 /PRNewswire/ -- Today, billions of data points are logged globally daily from more than 680 million installed smart electric meters. Navigant Research expects global smart meter deployments to remain steady, estimating that smart meter penetration rates will increase from approximately 50% in 2015 to 70% in 2020 in North America, from 20% to 55% in Europe, and from 30% to 40% in Asia Pacific. The increasing volume of meter data and new applications that rely on this data, such as demand-side management and grid optimization, have driven the need for enhanced meter data management systems (MDMSs) and meter data analytics (MDA).
MDMSs help utilities turn meter data into valuable insights that improve the operation of the grid. The growing need for both prescriptive and predictive analytics as a method for gaining insight has supported developments in MDA solutions, a distinct but increasingly integrated part of MDMSs. New MDMS and MDA technologies are ever more sophisticated, and both incumbent and newer market entrants are looking past the concept of MDMSs to a future of multivariate data management systems. In this future, data from distributed sensors, smart inverters, appliances, etc. can be collected, organized, managed, and analyzed in addition to smart meter data. Such solutions will disrupt the market and could even displace MDMS technologies altogether.
This Navigant Research report provides an analysis of global market trends that are affecting the uptake of meter data management (MDM) technologies. The study analyzes the market in two key categories, MDMSs and MDA, which are further broken down into four segments: software licenses and upgrades, services, maintenance, and software as a service (SaaS). Global market forecasts for revenue, broken out by segment and region, extend through 2024. The report also examines the key technology developments, drivers, and barriers related to MDMSs and MDA.
Key Questions Addressed:
What is a meter data management system (MDMS)?
What is meter data analytics (MDA)?
What is the difference between MDMSs and MDA?
Which regions offer more promising growth opportunities for the related technologies?
What needs are driving technology developments for MDMSs and MDA?
How will MDMSs and MDA evolve over the next 10 years?
Who needs this report?
Meter communications vendors
Managed services vendors
Read the full report: http://www.reportlinker.com/p03450865-summary/view-report.html
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