Navigant Research Leaderboard Report: Meter Data Management Systems

Navigant Research Leaderboard Report: Meter Data Management Systems
Summary
Billions of data points are logged globally every day from more than 500 million installed smart electric meters. 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). Competitors in the MDMS market are investing in major upgrades that include data analytics and provide enhanced support for utility operations.
Much like the technologies behind MDMSs, players in this market are well-established and their platforms are becoming increasingly advanced. Several leading vendors in the market have stated their intention to look past the concept of meter data management (MDM) platforms altogether to a future of multivariate data management systems where data from distributed sensors, smart inverters, appliances, etc. can be collected, organized, managed, and analyzed, in addition to smart meter data. According to Navigant Research, global MDMS revenue is expected to grow from $223.7 million in 2015 to $600.9 million in 2024. Growth in revenue will largely be attributed to markets in North America and Europe, though MDMS revenue in the Middle East And Africa will grow the fastest.
This Navigant Research Leaderboard Report examines the strategy and execution of 11 vendors that offer MDMSs and rates them on 12 criteria. Each company considered in this report has a solid offering with core MDMS capabilities. Vendors are differentiated by additional platform features, MDMS customers, international marketing and sales, and the vision, strategy, and roadmap for their MDM solution. Using Navigant Research?s proprietary Leaderboard methodology, vendors are profiled, rated, and ranked with the goal of providing industry participants with an objective assessment of these companies? relative strengths and weaknesses in the global MDMS market.