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Research and Markets: Global Meter Data Management Market to Grow at a CAGR Of 27.4% Over the Period 2014-2019, New Report SaysResearch and Markets (http://www.researchandmarkets.com/research/vns3bn/global_meter_data) has announced the addition of the "Global Meter Data Management Market 2015-2019" report to their offering. 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. Commenting on the report, an analyst from the research team said: Regulatory authorities worldwide are formulating ways to encorage the adoption of smart grid systems. Governments are also providing incentives to attract more investment into the smart grid industry. 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. Key Topics Covered
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