Utility Billing Software Market Updates by 2031
Utility billing software is the tool used to manages utility operations such as customer information and billing functions for water, electric, gas, sewer, waste management, and among other companies. The convergence of digital devices and rising automation in the billing process is boosting the growth of the utility billing software market. Furthermore, the rising adoption of smart grid technology in the electrical power supply such as smart meter are led to increase the complexity level of billing and collection system, thereby, many companies in the world are switching to more adaptable and scalable utility billing software which fuels the growth of the utility billing software market.
MARKET DYNAMICS
Various features such as account management, meter management, customer management, metered and nonmetered billing, rate management, penalty/cut-off processing, online payment processing are some of the factors that increasing demand for the utility billing software market. Increasing shifting from traditional billing to smart billing is also boosting the growth of the utility billing software market. Moreover, rising need to improve customer services and increasing improvements in legacy billing systems are triggering the growth of the utility billing software market.
MARKET SCOPE
The "Global Utility Billing Software Market Analysis to 2031" is a specialized and in-depth study of the utility billing software industry with a special focus on the global market trend analysis. The report aims to provide an overview utility billing software market with detailed market segmentation as deployment type, end-user, and geography. The global utility billing software market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading utility billing software market players and offers key trends and opportunities in the utility billing software market.
MARKET SEGMENTATION
The global utility billing software market is segmented on the basis deployment type end-user. On the basis of deployment type the market is segmented as cloud, on-premises. On the basis of end-user the market is segmented as water, oil and gas, electric, IT and telecom, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Utility billing software market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The utility billing software market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting utility billing software market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the utility billing software market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Utility billing software market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The utility billing software market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting utility billing software market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the utility billing software market in these regions.
MARKET PLAYERS
The reports cover key developments in the utility billing software market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Utility billing software market are anticipated to lucrative growth opportunities in the future with the rising demand for utility billing software in the global market. Below mentioned is the list of few companies engaged in the utility billing software market.
The report also includes the profiles of key utility billing software companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Banyon Data Systems, Inc
- CUSI
- Jayhawk Software (Advantage Computer Enterprises, Inc.)
- Jendev (Jersey Electricity plc)
- Methodia Group
- Muni-Link (Link Computer Corporation)
- Oracle Corporation
- Sigma Software
- SkyBill
- STW Inc
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Utility Billing Software Market - By Deployment Type
1.3.2 Utility Billing Software Market - By End-user
1.3.3 Utility Billing Software Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. UTILITY BILLING SOFTWARE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. UTILITY BILLING SOFTWARE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. UTILITY BILLING SOFTWARE MARKET - GLOBAL MARKET ANALYSIS
6.1. UTILITY BILLING SOFTWARE - GLOBAL MARKET OVERVIEW
6.2. UTILITY BILLING SOFTWARE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. UTILITY BILLING SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - DEPLOYMENT TYPE
7.1. OVERVIEW
7.2. DEPLOYMENT TYPE MARKET FORECASTS AND ANALYSIS
7.3. CLOUD
7.3.1. Overview
7.3.2. Cloud Market Forecast and Analysis
7.4. ON-PREMISES
7.4.1. Overview
7.4.2. On-premises Market Forecast and Analysis
8. UTILITY BILLING SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. WATER
8.3.1. Overview
8.3.2. Water Market Forecast and Analysis
8.4. OIL AND GAS
8.4.1. Overview
8.4.2. Oil and Gas Market Forecast and Analysis
8.5. ELECTRIC
8.5.1. Overview
8.5.2. Electric Market Forecast and Analysis
8.6. IT AND TELECOM
8.6.1. Overview
8.6.2. IT and Telecom Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. UTILITY BILLING SOFTWARE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Utility Billing Software Market Overview
9.1.2 North America Utility Billing Software Market Forecasts and Analysis
9.1.3 North America Utility Billing Software Market Forecasts and Analysis - By Deployment Type
9.1.4 North America Utility Billing Software Market Forecasts and Analysis - By End-user
9.1.5 North America Utility Billing Software Market Forecasts and Analysis - By Countries
9.1.5.1 United States Utility Billing Software Market
9.1.5.1.1 United States Utility Billing Software Market by Deployment Type
9.1.5.1.2 United States Utility Billing Software Market by End-user
9.1.5.2 Canada Utility Billing Software Market
9.1.5.2.1 Canada Utility Billing Software Market by Deployment Type
9.1.5.2.2 Canada Utility Billing Software Market by End-user
9.1.5.3 Mexico Utility Billing Software Market
9.1.5.3.1 Mexico Utility Billing Software Market by Deployment Type
9.1.5.3.2 Mexico Utility Billing Software Market by End-user
9.2. EUROPE
9.2.1 Europe Utility Billing Software Market Overview
9.2.2 Europe Utility Billing Software Market Forecasts and Analysis
9.2.3 Europe Utility Billing Software Market Forecasts and Analysis - By Deployment Type
9.2.4 Europe Utility Billing Software Market Forecasts and Analysis - By End-user
9.2.5 Europe Utility Billing Software Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Utility Billing Software Market
9.2.5.1.1 Germany Utility Billing Software Market by Deployment Type
9.2.5.1.2 Germany Utility Billing Software Market by End-user
9.2.5.2 France Utility Billing Software Market
9.2.5.2.1 France Utility Billing Software Market by Deployment Type
9.2.5.2.2 France Utility Billing Software Market by End-user
9.2.5.3 Italy Utility Billing Software Market
9.2.5.3.1 Italy Utility Billing Software Market by Deployment Type
9.2.5.3.2 Italy Utility Billing Software Market by End-user
9.2.5.4 United Kingdom Utility Billing Software Market
9.2.5.4.1 United Kingdom Utility Billing Software Market by Deployment Type
9.2.5.4.2 United Kingdom Utility Billing Software Market by End-user
9.2.5.5 Russia Utility Billing Software Market
9.2.5.5.1 Russia Utility Billing Software Market by Deployment Type
9.2.5.5.2 Russia Utility Billing Software Market by End-user
9.2.5.6 Rest of Europe Utility Billing Software Market
9.2.5.6.1 Rest of Europe Utility Billing Software Market by Deployment Type
9.2.5.6.2 Rest of Europe Utility Billing Software Market by End-user
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Utility Billing Software Market Overview
9.3.2 Asia-Pacific Utility Billing Software Market Forecasts and Analysis
9.3.3 Asia-Pacific Utility Billing Software Market Forecasts and Analysis - By Deployment Type
9.3.4 Asia-Pacific Utility Billing Software Market Forecasts and Analysis - By End-user
9.3.5 Asia-Pacific Utility Billing Software Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Utility Billing Software Market
9.3.5.1.1 Australia Utility Billing Software Market by Deployment Type
9.3.5.1.2 Australia Utility Billing Software Market by End-user
9.3.5.2 China Utility Billing Software Market
9.3.5.2.1 China Utility Billing Software Market by Deployment Type
9.3.5.2.2 China Utility Billing Software Market by End-user
9.3.5.3 India Utility Billing Software Market
9.3.5.3.1 India Utility Billing Software Market by Deployment Type
9.3.5.3.2 India Utility Billing Software Market by End-user
9.3.5.4 Japan Utility Billing Software Market
9.3.5.4.1 Japan Utility Billing Software Market by Deployment Type
9.3.5.4.2 Japan Utility Billing Software Market by End-user
9.3.5.5 South Korea Utility Billing Software Market
9.3.5.5.1 South Korea Utility Billing Software Market by Deployment Type
9.3.5.5.2 South Korea Utility Billing Software Market by End-user
9.3.5.6 Rest of Asia-Pacific Utility Billing Software Market
9.3.5.6.1 Rest of Asia-Pacific Utility Billing Software Market by Deployment Type
9.3.5.6.2 Rest of Asia-Pacific Utility Billing Software Market by End-user
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Utility Billing Software Market Overview
9.4.2 Middle East and Africa Utility Billing Software Market Forecasts and Analysis
9.4.3 Middle East and Africa Utility Billing Software Market Forecasts and Analysis - By Deployment Type
9.4.4 Middle East and Africa Utility Billing Software Market Forecasts and Analysis - By End-user
9.4.5 Middle East and Africa Utility Billing Software Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Utility Billing Software Market
9.4.5.1.1 South Africa Utility Billing Software Market by Deployment Type
9.4.5.1.2 South Africa Utility Billing Software Market by End-user
9.4.5.2 Saudi Arabia Utility Billing Software Market
9.4.5.2.1 Saudi Arabia Utility Billing Software Market by Deployment Type
9.4.5.2.2 Saudi Arabia Utility Billing Software Market by End-user
9.4.5.3 U.A.E Utility Billing Software Market
9.4.5.3.1 U.A.E Utility Billing Software Market by Deployment Type
9.4.5.3.2 U.A.E Utility Billing Software Market by End-user
9.4.5.4 Rest of Middle East and Africa Utility Billing Software Market
9.4.5.4.1 Rest of Middle East and Africa Utility Billing Software Market by Deployment Type
9.4.5.4.2 Rest of Middle East and Africa Utility Billing Software Market by End-user
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Utility Billing Software Market Overview
9.5.2 South and Central America Utility Billing Software Market Forecasts and Analysis
9.5.3 South and Central America Utility Billing Software Market Forecasts and Analysis - By Deployment Type
9.5.4 South and Central America Utility Billing Software Market Forecasts and Analysis - By End-user
9.5.5 South and Central America Utility Billing Software Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Utility Billing Software Market
9.5.5.1.1 Brazil Utility Billing Software Market by Deployment Type
9.5.5.1.2 Brazil Utility Billing Software Market by End-user
9.5.5.2 Argentina Utility Billing Software Market
9.5.5.2.1 Argentina Utility Billing Software Market by Deployment Type
9.5.5.2.2 Argentina Utility Billing Software Market by End-user
9.5.5.3 Rest of South and Central America Utility Billing Software Market
9.5.5.3.1 Rest of South and Central America Utility Billing Software Market by Deployment Type
9.5.5.3.2 Rest of South and Central America Utility Billing Software Market by End-user
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. UTILITY BILLING SOFTWARE MARKET, KEY COMPANY PROFILES
11.1. BANYON DATA SYSTEMS, INC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CUSI
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. JAYHAWK SOFTWARE (ADVANTAGE COMPUTER ENTERPRISES, INC.)
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. JENDEV (JERSEY ELECTRICITY PLC)
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. METHODIA GROUP
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MUNI-LINK (LINK COMPUTER CORPORATION)
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. ORACLE CORPORATION
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SIGMA SOFTWARE
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. SKYBILL
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. STW INC
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Banyon Data Systems, Inc
2. CUSI
3. Jayhawk Software (Advantage Computer Enterprises, Inc.)
4. Jendev (Jersey Electricity plc)
5. Methodia Group
6. Muni-Link (Link Computer Corporation)
7. Oracle Corporation
8. Sigma Software
9. SkyBill
10. STW Inc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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