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Smart Metering Software Market to 2027- Global Analysis and Forecasts By Deployment Type, Application and Industry Vertical

Press release   •   Apr 20, 2019 16:24 IST

Global Smart Metering Software Market

Widespread trend of IoT has resulted in increased adoption smart/intelligent devices/systems leading to generation of large amount of data. The data attained from these systems is highly critical to the organizations. In the energy & utility landscape the data generated from smart grids and meters is also very vital to the industry players. The smart metering software is one such software that facilitates the energy & utility companies to enhance their business efficiency through remote operation, management and monitoring of the smart meters. 

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Some of the leading players in global market: Accenture LLP, Atlas Energy Systems, LLC, Honeywell, Itron Inc., Landis+Gyr, NewFound Energy Ltd, Oracle Corporation, OSIsoft, LLC, SAP, SIEMENS AG

The Utilities across the globe, such as water, electricity and gas are deploying smart meters in order to accurately record their respective usage. This has significantly reduced the cost of labor for monitoring and reporting of energy usage. This growth in the deployment of smart meters across the utility industry is expected to have a positive influence on the smart metering software market. Furthermore, the smart metering software market is also likely to showcase opportunities for the untapped geographic markets and growing awareness among the developing regions.

The global Smart Metering Software market is segmented on the basis of deployment type, application and industry vertical. Based deployment type, the market is segmented as on-premises and cloud. On the basis of the application the market is segmented as water metering, thermal energy metering, electricity metering, gas metering and others. The market on the basis of the industry vertical is classified as oil & gas, energy & power and utilities.

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Smart Metering Software market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Smart Metering Software market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting Smart Metering Software market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Smart Metering Software market in these regions.

The reports cover key developments in the Smart Metering Software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Smart Metering Software market are anticipated to lucrative growth opportunities in the future with the rising demand for Smart Metering Software in the global market. Below mentioned is the list of few companies engaged in the Smart Metering Software market. 

The report also includes the profiles of key Smart Metering Software companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Media, Healthcare and Telecommunication industries.

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