Global Meter-to-cash Market to Expand Considerably; Increasing Number of Advanced Product Launches to Provide Impetus|Meter-to-cash Industry Size, Share, Development by 2028
Companies Profiled in the meter-to-cash market are Accenture Plc, Capgemini, Computer Sciences Corporation (CSC), International Business Machines Corporation (IBM), Hindustan Computers Limited, Tata Consultancy Services Limited, Wipro Limited, Enterprise DB, Infosys Limited, Stellar.
Pune, India, Jan. 27, 2022 (GLOBE NEWSWIRE) -- 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 favor the growth of the global meter-to-cash market in the coming years. The Indian government’s 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.
The global pandemic has plummeted the growth of several industries and markets, including the biogas market. The lockdowns, social distancing norms, and curfews have caused massive disturbances in the operations and the supply chain networks. Delayed projects, unavailability of raw materials, reduced available workforce, etc., are stagnating the growth of the market. The global impact of the COVID-19 crisis is expected to gradually fade away as nations are trying to return to pre-pandemic levels. It is uncertain to say how long the situation may persist this way. Nonetheless, our research report’s in-depth analysis will help you gain an exhaustive understanding of this niche market.
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 AclaraONE with the aim of enhancing its business operations. Aclara’s 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.
Increasing Investment in R&D to Fuel Demand
The growing investment towards research and development of advanced meter-to-cash systems will enable the growth of the market in the coming years. The growing adoption of smart metering systems has created a huge platform for the growth of the global meter-to-cash market. Furthermore, increasing investment in the development of advanced technologies aimed at the use of industrial internet and day sales outstanding (DSOs) plans for smart grid projects in Europe will favor the meter-to-cash market in Europe as well as the global market. Recently, France announced the launch of a new program that will generate an investment of around US$ 15Bn for the development of smart meters. Additionally, the United States has invested around US$ 8.3 Bn aimed at the initial development as well as upgrades in the smart water infrastructure in the country. Due to the aforementioned factors, the meter-to-cash market in Europe and North America will witness considerable growth in the forthcoming years.
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