MIDDLE EAST AND AFRICA SMART METER DATA MANAGEMENT MARKET 2024-2032

ICT | IT Hardware and data centers

MIDDLE EAST AND AFRICA SMART METER DATA MANAGEMENT MARKET 2024-2032

Market by Deployment Type, Component, Application, and Country Outlook | Forecast 2024-2032

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According to Triton’s research report, the Middle East and Africa smart meter data management market is expected to advance with a compound annual growth rate of 15.60% over the forecast period 2024-2032.


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The countries in this region include:

•        United Arab Emirates

•        Israel 

•        Saudi Arabia

•        South Africa

•        Rest of the Middle East & Africa

Insufficient funding and inadequate planning hamper the adoption of smart grids in the Middle East. Energy theft, unstable supply, and low consumer efficiency persist due to these factors. Nevertheless, Middle Eastern governments recognize the necessity of modernizing grid networks to meet global standards, tackle energy challenges, and enhance utility revenue. This modernization effort aligns with broader economic diversification strategies, reducing reliance on fossil fuels.

Furthermore, policy shifts in the region involve subsidy reforms and funding mechanisms for energy modernization. These initiatives foster collaboration among local utilities, technology firms, governments, and international smart grid vendors, thereby creating opportunities for the smart meter data management market. 

The UAE’s energy sector is in transition from gas-powered plants to a mix of nuclear, solar, and renewables to reduce carbon emissions and increase clean energy consumption by 50% under the Energy Plan 2050. Major GCC utility companies are implementing smart metering systems. Regulatory mandates and operational efficiency further drive the adoption of smart meters by utilities. Hence, these developments propel the smart meter data management market on a growth path. 

On-premise deployment refers to hosting within a company’s physical confines, allowing direct control and access to the computing infrastructure and data. This contrasts with remote hosting on cloud servers. For example, a financial services software vendor targeting regional banks and credit unions may offer a solution with embedded business intelligence for reporting and analysis directly installed on the company’s hardware. 

The market is segmented based on deployment type, component, and application. The deployment type is bifurcated into on-premise and cloud-based. 

The key companies listed in the market comprise Itron Inc, Arad Group, Honeywell International Inc, Aclara Technologies LLC, and Hansen Technologies Corp.  

Itron Inc specializes in solutions for gathering, transmitting, and analyzing data on electricity, gas, and water consumption, catering primarily to the utility sector. The company offers a range of products, including hardware, software, and integrated systems for electronic meter reading and automatic meter reading. With a diverse portfolio encompassing smart networks, software, services, meters, and sensors, Itron aids its clients in optimizing energy and water management. While its Gas and Water manufacturing facilities are distributed worldwide, its Electricity manufacturing facilities are concentrated in Europe, the Middle East & Africa, and North America.


KEY DELIVERABLES OF THE REPORT: 

  • Market CAGR during the forecasting years 2024-2032

  • Detailed data highlighting key insights, industry components, and market strategies

  • Comprehensive information and estimation of the smart meter data management market revenue growth in the Middle East and Africa and its influence on the parent market 

  • In-depth study of forthcoming trends in consumer behavioral patterns 

  • A meticulous analysis of the competitive landscape and Porter’s Five Forces

  • A wide-ranging study of factors that will challenge the Middle East and Africa smart meter data management market’s growth during the upcoming years

Want to get specific insights? Our team of analysts can customize this report based on your preferences. Connect with us here.

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Table of Content

1. MIDDLE EAST AND AFRICA SMART METER DATA MANAGEMENT MARKET – SUMMARY

2. INDUSTRY OUTLOOK

2.1. PORTER’S FIVE FORCES ANALYSIS

2.1.1. THREAT OF NEW ENTRANTS

2.1.2. THREAT OF SUBSTITUTES

2.1.3. BARGAINING POWER OF BUYERS

2.1.4. BARGAINING POWER OF SUPPLIERS

2.1.5. THREAT OF COMPETITIVE RIVALRY

2.2. MARKET MATURITY ANALYSIS

2.3. SUPPLY CHAIN ANALYSIS

2.3.1. EFFICIENT SUPPLY CHAIN MANAGEMENT

2.3.2. OPTIMIZED DISTRIBUTION NETWORKS

2.3.3. CONTINUOUS TECHNOLOGICAL INNOVATION

2.3.4. STRONG CUSTOMER RELATIONSHIP MANAGEMENT

2.4. REGULATORY FRAMEWORK

2.5. KEY BUYING IMPACT ANALYSIS

2.5.1. DATA ACCURACY & INTEGRITY

2.5.2. VENDOR STABILITY & LONG-TERM SUPPORT

2.5.3. COST-EFFECTIVENESS & FLEXIBLE PRICING MODELS

2.5.4. EFFECTIVE TRAINING & USER ONBOARDING

2.6. KEY MARKET STRATEGIES

2.6.1. COLLABORATIONS

2.6.2. PRODUCT LAUNCHES

2.6.3. ACQUISITIONS

2.6.4. BUSINESS DIVESTITURES & EXPANSIONS

2.7. MARKET DRIVERS

2.7.1. INCREASING DATA VOLUMES STEMMING FROM SMART METER DEPLOYMENTS

2.7.2. IMPERATIVE FOR OPERATIONAL EFFICIENCY AND COST OPTIMIZATION

2.7.3. UTILIZATION OF ANALYTICS TO EXTRACT ACTIONABLE INSIGHTS FROM METER DATA

2.7.4. INTEGRATION WITH CUSTOMER WEB PORTALS AND ADVANCED METERING INFRASTRUCTURE (AMI)

2.7.5. SUPPORT AND INCENTIVES PROVIDED BY GOVERNMENTS

2.8. MARKET CHALLENGES

2.8.1. CONCERNS REGARDING DATA PRIVACY AND SECURITY DUE TO CYBER RISKS

2.8.2. LACK OF COMMON STANDARDS LEADING TO INTEROPERABILITY ISSUES

2.8.3. HIGH INITIAL COSTS ASSOCIATED WITH SMART METERING INFRASTRUCTURE ROLLOUT

2.8.4. SHORTAGE OF SKILLED PERSONNEL TO EFFECTIVELY UTILIZE DATA

2.9. MARKET OPPORTUNITIES

2.9.1. EMPHASIS ON DATA VISUALIZATION AND DERIVING ACTIONABLE INSIGHTS

2.9.2. IMPLEMENTATION OF SMART CITY AND GRID MODERNIZATION INITIATIVES

2.9.3. ADOPTION OF BLOCKCHAIN FOR SEAMLESS AND SECURE DATA SHARING

2.10. ANALYST PERSPECTIVE

3. MIDDLE EAST AND AFRICA SMART METER DATA MANAGEMENT MARKET – BY DEPLOYMENT TYPE

3.1. CLOUD-BASED

3.2. ON-PREMISE

4. MIDDLE EAST AND AFRICA SMART METER DATA MANAGEMENT MARKET – BY COMPONENT

4.1. SERVICES

4.2. SOFTWARE

5. MIDDLE EAST AND AFRICA SMART METER DATA MANAGEMENT MARKET – BY APPLICATION

5.1. GAS

5.2. WATER

5.3. ELECTRIC

6. MIDDLE EAST AND AFRICA SMART METER DATA MANAGEMENT MARKET – BY COUNTRY OUTLOOK

6.1. UNITED ARAB EMIRATES

6.1.1. UNITED ARAB EMIRATES SMART METER DATA MANAGEMENT MARKET FORECAST & PROSPECTS

6.2. SAUDI ARABIA

6.2.1. SAUDI ARABIA SMART METER DATA MANAGEMENT MARKET FORECAST & PROSPECTS

6.3. ISRAEL

6.3.1. ISRAEL SMART METER DATA MANAGEMENT MARKET FORECAST & PROSPECTS

6.4. SOUTH AFRICA

6.4.1. SOUTH AFRICA SMART METER DATA MANAGEMENT MARKET FORECAST & PROSPECTS

6.5. REST OF MIDDLE EAST & AFRICA

6.5.1. REST OF MIDDLE EAST & AFRICA SMART METER DATA MANAGEMENT MARKET FORECAST & PROSPECTS

7. COMPETITIVE LANDSCAPE

7.1. ARAD GROUP

7.1.1. OVERVIEW

7.1.2. PRODUCT PORTFOLIO

7.1.3. KEY STRENGTH

7.1.4. KEY CHALLENGE

7.2. ACLARA TECHNOLOGIES LLC

7.2.1. OVERVIEW

7.2.2. PRODUCT PORTFOLIO

7.2.3. KEY STRENGTHS

7.2.4. KEY CHALLENGE

7.3. PARSONS CORPORATION

7.3.1. OVERVIEW

7.3.2. PRODUCT PORTFOLIO

7.3.3. KEY STRENGTH

7.3.4. KEY CHALLENGE

7.4. HONEYWELL INTERNATIONAL INC

7.4.1. OVERVIEW

7.4.2. PRODUCT PORTFOLIO

7.4.3. KEY STRENGTHS

7.4.4. KEY CHALLENGE

7.5. HANSEN TECHNOLOGIES CORP

7.5.1. OVERVIEW

7.5.2. PRODUCT PORTFOLIO

7.5.3. KEY STRENGTHS

7.5.4. KEY CHALLENGES

7.6. ITRON INC

7.6.1. OVERVIEW

7.6.2. PRODUCT PORTFOLIO

7.6.3. KEY STRENGTHS

7.6.4. KEY CHALLENGE

7.7. LANDIS+GYR GROUP

7.7.1. OVERVIEW

7.7.2. PRODUCT PORTFOLIO

7.7.3. KEY STRENGTHS

7.7.4. KEY CHALLENGE

7.8. SIEMENS AG

7.8.1. OVERVIEW

7.8.2. PRODUCT PORTFOLIO

7.8.3. KEY STRENGTHS

7.8.4. KEY CHALLENGES

7.9. KAMSTRUP

7.9.1. OVERVIEW

7.9.2. PRODUCT PORTFOLIO

7.9.3. KEY STRENGTHS

7.9.4. KEY CHALLENGES

7.10. ORACLE

7.10.1. OVERVIEW

7.10.2. PRODUCT PORTFOLIO

7.10.3. KEY STRENGTHS

7.10.4. KEY CHALLENGES

8. RESEARCH METHODOLOGY & SCOPE

8.1. RESEARCH SCOPE & DELIVERABLES

8.2. SOURCES OF DATA

8.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: MIDDLE EAST AND AFRICA SMART METER DATA MANAGEMENT MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ MILLION)

TABLE 2: REGULATORY FRAMEWORK

TABLE 3: LIST OF COLLABORATIONS

TABLE 4: LIST OF PRODUCT LAUNCHES

TABLE 5: LIST OF ACQUISITIONS

TABLE 6: LIST OF BUSINESS DIVESTITURES & EXPANSIONS

TABLE 7: MIDDLE EAST AND AFRICA SMART METER DATA MANAGEMENT MARKET, BY DEPLOYMENT TYPE, 2024-2032 (IN $ MILLION)

TABLE 8: MIDDLE EAST AND AFRICA SMART METER DATA MANAGEMENT MARKET, BY COMPONENT, 2024-2032 (IN $ MILLION)

TABLE 9: MIDDLE EAST AND AFRICA SMART METER DATA MANAGEMENT MARKET, BY APPLICATION, 2024-2032 (IN $ MILLION)

TABLE 10: MIDDLE EAST AND AFRICA SMART METER DATA MANAGEMENT MARKET, BY COUNTRY OUTLOOK, 2024-2032 (IN $ MILLION)

List of Figures

FIGURE 1: MARKET MATURITY ANALYSIS

FIGURE 2: SUPPLY CHAIN ANALYSIS

FIGURE 3: KEY BUYING IMPACT ANALYSIS

FIGURE 4: MIDDLE EAST AND AFRICA SMART METER DATA MANAGEMENT MARKET, BY DEPLOYMENT TYPE, 2023 & 2032 (IN %)

FIGURE 5: MIDDLE EAST AND AFRICA SMART METER DATA MANAGEMENT MARKET, BY CLOUD-BASED, 2024-2032 (IN $ MILLION)

FIGURE 6: MIDDLE EAST AND AFRICA SMART METER DATA MANAGEMENT MARKET, BY ON-PREMISE, 2024-2032 (IN $ MILLION)

FIGURE 7: MIDDLE EAST AND AFRICA SMART METER DATA MANAGEMENT MARKET, BY COMPONENT, 2023 & 2032 (IN %)

FIGURE 8: MIDDLE EAST AND AFRICA SMART METER DATA MANAGEMENT MARKET, BY SERVICES, 2024-2032 (IN $ MILLION)

FIGURE 9: MIDDLE EAST AND AFRICA SMART METER DATA MANAGEMENT MARKET, BY SOFTWARE, 2024-2032 (IN $ MILLION)

FIGURE 10: MIDDLE EAST AND AFRICA SMART METER DATA MANAGEMENT MARKET, BY APPLICATION, 2023 & 2032 (IN %)

FIGURE 11: MIDDLE EAST AND AFRICA SMART METER DATA MANAGEMENT MARKET, BY GAS, 2024-2032 (IN $ MILLION)

FIGURE 12: MIDDLE EAST AND AFRICA SMART METER DATA MANAGEMENT MARKET, BY WATER, 2024-2032 (IN $ MILLION)

FIGURE 13: MIDDLE EAST AND AFRICA SMART METER DATA MANAGEMENT MARKET, BY ELECTRIC, 2024-2032 (IN $ MILLION)

FIGURE 14: MIDDLE EAST AND AFRICA SMART METER DATA MANAGEMENT MARKET, BY COUNTRY OUTLOOK, 2023 & 2032 (IN %)

FIGURE 15: UNITED ARAB EMIRATES SMART METER DATA MANAGEMENT MARKET 2024-2032 (IN $ MILLION)

FIGURE 16: SAUDI ARABIA SMART METER DATA MANAGEMENT MARKET 2024-2032 (IN $ MILLION)

FIGURE 17: ISRAEL SMART METER DATA MANAGEMENT MARKET 2024-2032 (IN $ MILLION)

FIGURE 18: SOUTH AFRICA SMART METER DATA MANAGEMENT MARKET 2024-2032 (IN $ MILLION)

FIGURE 19: REST OF MIDDLE EAST & AFRICA SMART METER DATA MANAGEMENT MARKET 2024-2032 (IN $ MILLION)

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