In recent years, due to the proliferation of sensor networks, there has been a genuine need of researching techniques for sensor data acquisition and management. To this end, a large number of techniques have emerged that advocate model-based sensor data acquisition and management. These techniques use mathematical models for performing various, day-to-day tasks involved in managing sensor data. In this chapter, we survey the state-of-the-art techniques for model-based sensor data acquisition and management. We start by discussing the techniques for acquiring sensor data. We, then, discuss the application of models in sensor data cleaning; followed by a discussion on model-based methods for querying sensor data. Lastly, we survey model-based methods proposed for data compression and synopsis generation.