A meter data management system is mainly used to collect meter readings from advanced and automated metering systems. The system accurately collects data and helps generate bills with minimum manual interference. It is considered as the backbone of an AMI system and a key constituent of smart grid. Meter data management system is the key component of smart grid infrastructure that helps in managing data collection from AMI. Technavio's analysts forecast the global meter data management market to grow at a CAGR of 27.4 percent over the period 2014-2019.