Market Overview:
The global consumer billing management software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based consumer billing management software and the rising need for automation in billing processes. Based on type, the global consumer billing management software market can be segmented into cloud-based and on-premises solutions. The cloud-based segment is expected to grow at a higher CAGR than the on-premises segment during the forecast period. This growth can be attributed to the growing demand for cloud solutions among enterprises due to their advantages such as scalability, flexibility, and cost efficiency. Based on application, the global consumer billing management software market can be divided into utilities, pharmacy, telecom, and other applications segments.
Product Definition:
Consumer billing management software is a type of software used by businesses to manage their customer's billing information. This type of software can include features such as the ability to create and send invoices, track payments, and manage customer data. The importance of consumer billing management software lies in its ability to help businesses keep track of their customers' bills and payments, which can help improve cash flow and ensure that bills are paid on time.
Cloud:
Cloud is a collection of remote servers that are connected to the internet. It provides shared resources and allows multiple users to access those resources simultaneously. The major advantage of cloud computing is that it offers on-demand self-service, which means that consumers can get services performed by providers without having to coordinate with them first.
On-premises:
On-premises is a billing software that is installed and used on the end users' computers or servers. The software can be installed on a single computer or can be spread across several computers depending upon the number of users, services, and products to be offered to the consumers. On-premises solutions are preferred by large organizations as they have high maintenance requirements.
Application Insights:
The utilities application segment accounted for the largest revenue share in 2016 and is expected to continue its dominance over the forecast period. The growth of this segment can be attributed to factors such as increasing demand for electricity, water and gas among others from consumers across the globe. In addition, growing investments by governments in infrastructure development are expected to increase electricity consumption globally which will further propel usage of UBMSs for utility billing management.
Telecom is another prominent application segment that is anticipated to witness significant growth over the forecast period owing to rising demand from telecom operators globally for efficient cost reduction initiatives while maintaining network quality levels at optimum levels. Furthermore, growing adoption of consumer billing management software by telecom companies worldwide coupled with an increasing number of subscriptions generated through smartphones, tablets and smart wearable devices will drive industry expansion over the coming years.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to the presence of a large number of industry players and increased adoption of consumer billing management software by enterprises for efficient management and control over their business operations. Moreover, increasing healthcare spending coupled with rising need for cost-effective solutions is expected to drive regional market growth over the forecast period.
Asia Pacific is anticipated to witness significant growth during the forecast period owing to factors such as improving economic conditions, growing population, technological advancements in billing systems and an increase in demand for consumer billing services among enterprises operating across various industries such as BFSI, telecom & ITES, retail & e-commerce sectors. Furthermore, favorable government initiatives aimed at developing healthcare infrastructure are also expected to contribute toward regional market development during the same period.
Growth Factors:
- Increasing demand for cloud-based billing software owing to its scalability and flexibility
- Rising need to manage and streamline billing processes across different departments and geographies
- Proliferation of digital channels such as e-commerce, m-commerce, etc., that have led to an increase in the number of transactions being processed
- Growing trend of subscription-based services that has resulted in a higher volume of recurring payments being made
- Emergence of new technologies such as big data, artificial intelligence (AI), etc., that are helping businesses optimize their billing processes
Scope Of The Report
Report Attributes
Report Details
Report Title
Consumer Billing Management Software Market Research Report
By Type
Cloud, On-premises
By Application
Utilities, Pharmacy, Telecom, Others
By Companies
Oracle, Amdocs, EnergyCAP, Harris ERP, Healthpac, Huawei, Mckesson, Athenahealth, Ericsson, Netcracker, Redknee, Gentrack Group, CareCloud, LogiSense, Cerillion Technologies
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
147
Number of Tables & Figures
103
Customization Available
Yes, the report can be customized as per your need.
Global Consumer Billing Management Software Market Report Segments:
The global Consumer Billing Management Software market is segmented on the basis of:
Types
Cloud, On-premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Utilities, Pharmacy, Telecom, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Oracle
- Amdocs
- EnergyCAP
- Harris ERP
- Healthpac
- Huawei
- Mckesson
- Athenahealth
- Ericsson
- Netcracker
- Redknee
- Gentrack Group
- CareCloud
- LogiSense
- Cerillion Technologies
Highlights of The Consumer Billing Management Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cloud
- On-premises
- By Application:
- Utilities
- Pharmacy
- Telecom
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Consumer Billing Management Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Consumer billing management software is a computer program that helps businesses manage their billing and collections processes. This software can help businesses track customer information, create invoices, and send payments to customers. It may also include features to help businesses improve their customer service or reduce the amount of time it takes to process payments.
Some of the major companies in the consumer billing management software market are Oracle, Amdocs, EnergyCAP, Harris ERP, Healthpac, Huawei, Mckesson, Athenahealth, Ericsson, Netcracker, Redknee, Gentrack Group, CareCloud, LogiSense, Cerillion Technologies.
The consumer billing management software market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Consumer Billing Management Software Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Consumer Billing Management Software Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Consumer Billing Management Software Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Consumer Billing Management Software Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Consumer Billing Management Software Market Size & Forecast, 2020-2028 4.5.1 Consumer Billing Management Software Market Size and Y-o-Y Growth 4.5.2 Consumer Billing Management Software Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cloud
5.2.2 On-premises
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Utilities
6.2.2 Pharmacy
6.2.3 Telecom
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Consumer Billing Management Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Consumer Billing Management Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cloud
9.6.2 On-premises
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Utilities
9.10.2 Pharmacy
9.10.3 Telecom
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cloud
10.6.2 On-premises
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Utilities
10.10.2 Pharmacy
10.10.3 Telecom
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cloud
11.6.2 On-premises
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Utilities
11.10.2 Pharmacy
11.10.3 Telecom
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cloud
12.6.2 On-premises
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Utilities
12.10.2 Pharmacy
12.10.3 Telecom
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cloud
13.6.2 On-premises
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Utilities
13.10.2 Pharmacy
13.10.3 Telecom
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Consumer Billing Management Software Market: Competitive Dashboard
14.2 Global Consumer Billing Management Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Oracle
14.3.2 Amdocs
14.3.3 EnergyCAP
14.3.4 Harris ERP
14.3.5 Healthpac
14.3.6 Huawei
14.3.7 Mckesson
14.3.8 Athenahealth
14.3.9 Ericsson
14.3.10 Netcracker
14.3.11 Redknee
14.3.12 Gentrack Group
14.3.13 CareCloud
14.3.14 LogiSense
14.3.15 Cerillion Technologies