Meter Data Management Market Global Analysis And Forecast Till 2030
Meter Data Management Market Analysis Meter Data Management Market is expected to grow at 20.24% CAGR from 2022 to 2030, due to urgent requirement for accurate energy bill generation. A meter data management system or MDMS, simply put, is a software-based application that is used for collecting readings from an automated metering device. EV charging, microgrid energy storage, smart grid, and others are some of its key applications. Various factors are propelling the global meter data management market share. According to the recent MRFR report, such factors include increasing adoption of smart meters, growing implementation of advanced metering technology, worldwide energy demand, legislative compliances towards metering drive, and favorable government policies. Additional factors adding market growth include a rise in smart city initiatives, accurate monitoring of electricity, water, and gas usage, improve customer and billing service, legislative mandates for smart ...