Market by Deployment Type, Component, Application, and Country Outlook | Forecast 2024-2032
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.
Report scope can be customized per your requirements - Request Free Sample Report
The countries in this region include:
•        United Arab Emirates
•        IsraelÂ
•        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.Â
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.Â
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.Â
The market is segmented based on deployment type, component, and application. The deployment type is bifurcated into on-premise and cloud-based.Â
The key companies listed in the market comprise Itron Inc, Arad Group, Honeywell International Inc, Aclara Technologies LLC, and Hansen Technologies Corp. Â
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:Â
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 marketÂ
In-depth study of forthcoming trends in consumer behavioral patternsÂ
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
Market by Technology (Data ana ..
VIEW REPORT1. 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
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)
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)