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Who's winning the MDMS market?

A new report looks at the strategies of 11 meter data management system (MDMS) players and ranks them according to platform features, marketing, customers and vision. 

The report, Navigant Research Leaderboard Report: Meter Data Management Systems, states: The global market for MDM solutions has diversified as established competitors and new entrants offer more comprehensive and complex solutions. Recently, utilities have placed new demands upon their MDMSs, stretching capabilities to work across diverse utility systems and support applications beyond the traditional meter-to-cash and customer information system (CIS) functions. 

According to the report, leading utilities in the MDMS market are investing in major systems upgrades.

“The market for utility data management and analytics is growing faster than ever, with a number of new competitors positioning themselves as providers of MDMSs to some degree,” said Paige Leuschner, research analyst with Navigant Research. “Itron’s upcoming innovations and upgrades will bring new technologies and capabilities to the market, and this has the potential to revolutionize its already comprehensive MDM solution.”

The report continues: Landis+Gyr, Oracle, and Siemens (eMeter) are all in close pursuit of Itron. With strong grasps on the market, millions of managed smart meter deployments, and forward-looking MDM solutions, any one of these players has the potential to take the top spot. 

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 & Africa will grow the fastest.

Vendors examined include: Itron, Landis+Gyr, Oracle, Siemens eMeter, Elster EnergyICT, Schneider Electric, Kamstrup, Aclara, NorthStar Utilities Solutions, Ferranti Computer Systems and Powell. (How they fall according to the report's criteria in execution and strategy can be seen in the graphic at the top of this story.)

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