Meter-to-cash Market | Global Industry Analysis By Trends, Size, Share, Company Overview, Growth And Forecast By 2026
Pune, Maharashtra, India, September 16 2020 (Wiredrelease) Absolute Reports Pvt. Ltd :The global meter-to-cash market will expand considerably in the coming years due to recent advancements in smart metering. According to a report by Fortune Business Insights, titled Meter to Cash Market Size, Share and Global Trend by Application (Commercial, Residential, Industrial), And Geography Forecast till 2026, the market is likely to witness considerable growth from the rising uptake of smart grid systems across the world.
Meter-to-cash is important for institutions and utility companies for proper management of revenue. The process is intended to communicate with end users directly. Payment methods are evolving at a rapid pace with technology playing a key role in the advancements. New platforms and tools for payments are being launched almost every day. Increasing government participation will favour the growth of the global meter-to-cash market in the coming years. The Indian governments smart grid pilot project was an example of government participation in the development of meter-to-cash systems. Additionally, the ability of meter-to-cash systems to handle complex billing systems, bill payment collection systems and the incorporation of cloud-integrated services will contribute to an increase in the global meter-to-cash market value in the coming years.
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Highlights of the Report:
Coverage of all the possible segments present in the market.
An elaborate analysis of small scale LNG terminal market trends, growth drivers, restraints, developments, opportunities, and challenges.
Comprehensive details about the organizations operating in the market.
Inclusion of the company profiles, such as new product launches, revenue, product portfolio, and strategic collaborations.
Increasing Product Launches to Favor Market Growth
The increasing demand for meter-to-cash systems has encouraged meter-to-cash market companies. Company activities such as product launches, mergers and acquisitions, and increasing investment have contributed to the growth of the global meter-to-cash market. In 2018, Aclara launched the AclaraONE with the aim of enhancing its business operations. Aclaras latest product possesses the property to access and analyze data within a less time frame. The report includes several factors that have contributed to the growth of the global meter-to-cash market. Additionally, the report includes a few of the factors that have restrained the growth of the market in recent years.
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Key players are expected to emphasize integrating Artificial Intelligence in the system. This is anticipated to propel the growth in the global Meter to Cash market, said a lead analyst at Fortune Business Insights.
Top Players List:
IBM, Tata Consultancy Services, Infosys, Capgemini, Wipro Limited, CSC, EnterpriseDB, Accenture PLC, Stellar, Hindustan Computers,
Integration of internet of things with the system is a major factor anticipated to fuel the demand in the market during the forecast period 2018-2025. Additionally, the rising adoption of e-financial services is expected to boost the global market.
Major Segments Mentioned:
By Application By Geography
On the contrary, high cost associated with upgraded technology is a factor that may restrain the global Meter to Cash market.
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North America (the USA and Canada) Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe) Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific) Latin America (Brazil, Mexico and Rest of Latin America) Middle East Africa (South Africa, GCC and Rest of the Middle East Africa)
As stated in the report, North America held a significant share in the market in 2017. The region is expected to witness impressive growth during the forecast period. Owing to intense research and development taking place in the region for IoT integration in the system is likely to enable the growth in the region. Besides this, Asia Pacific is expected to witness promising growth owing to the rising adoption of a sedentary lifestyle in nations such as India and China.
The report also offers insights on the key players operating in the global Meter to Cash market.
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