Meter Data Management System Market Analysis, Industry Trends, Size and Growth 2022-2027
According to IMARC Group’s latest report, titled “ Meter Data Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027 ", the global meter data management system market is expected to exhibit a CAGR of 19.7% during 2022-2027. A meter data management system (MDMS) refers to software used to import, validate, and store data delivered by smart metering systems . It includes smart meters that measure gas, electricity and water consumption and process the acquired data before it is used for final billing. It enables the user to consolidate and manage consumption data under a single structure and optimize business processes. It also assists in preventing fraudulent activities, detecting energy theft, estimating meter readings, and enhancing overall efficiency. As a result, MDMS is extensively adopted across commercial and residential sectors across the globe. We are regularly tracking the direct effect of COVID-19 on the market, alon...