Utility Billing Software Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

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.

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.

Utility Billing Software Report Scope