Market Overview:
The global utility bill management system market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy efficiency and reduction in greenhouse gas emissions across the globe. In addition, the growing awareness about energy conservation is also contributing to the growth of this market. The global utility bill management system market can be segmented on the basis of type into home energy management system, industrial energy management system, and building energy management system. The home energy management systems segment is expected to account for a major share of the global utility bill management system market during the forecast period owing to its ability to manage residential electricity consumption effectively.
Product Definition:
A Utility Bill Management System is a computer system used to track and manage payments for municipal services, such as water, gas, and electric bills. The system may include features to allow customers to pay their bills online, as well as automated billing and reminders. The importance of a Utility Bill Management System is that it can help municipalities reduce costs by automating billing processes and tracking payments. It can also help customers stay organized by providing online access to past bills and payment history.
Home Energy Management System:
Home energy management systems (HEMS) are a new type of smart grid technology that helps in monitoring and controlling electricity usage at the residential level. It also provides information to the consumers about their power consumption patterns, which can be used for efficient energy management. HEMS is an integrated system that consists of hardware components such as sensors, control devices, communication equipment along with software solutions such as data analytics and home Energy Analytics Platform (EEAP).
Industrial Energy Management System:
Industrial Energy Management System (IEMS) is a software-based approach to optimize the energy efficiency of industrial facilities. It provides an organized framework for identifying and controlling operational as well as capital-intensive activities associated with the management of energy resources. The system also helps in monitoring and analyzing performance, which enables facility managers to make data-driven decisions that help reduce costs while improving efficiency.
Application Insights:
The commercial segment dominated the global utility bill management system market, accounting for more than 60.0% share of the total revenue in 2017. The growth can be attributed to an increase in demand from small and large scale industrial units, hospitals and educational institutions for managing energy consumption through real-time analytics coupled with an automated response to reduce power bills by 50%.
Residential is expected to be the fastest growing application segment over the forecast period owing to rising awareness among consumers regarding conservation of energy along with a growing preference for managing their utility bills through digitalization. Rising penetration of smart meters coupled with advanced metering infrastructure (AMI) across residential areas is anticipated drive demand from end users over next seven years. In addition, increasing government initiatives on reducing electricity costs are further expected fuel growth in residential applications during same period frame.
Regional Analysis:
North America accounted for the largest market share in 2017. The region is expected to maintain its dominance over the forecast period owing to increasing awareness among consumers regarding their utility consumption, growing demand for energy efficiency, and government initiatives favoring UEMBS implementation. For instance, in 2015, the U.S Department of Energy launched a program called “Smart Grid†which aims at accelerating innovation and development of smart grid technologies across all sectors including consumer electronics & appliances; transportation; building & construction; and industrial applications etc., thereby creating numerous opportunities for industry players over the next few years.
Asia Pacific is anticipated to be one of the fastest-growing regions with a CAGR exceeding 6% from 2018 to 2030 owing to rising demand from developing countries such as China.
Growth Factors:
- Increasing demand for energy efficiency and conservation
- Rapid urbanization and industrialization in developing countries
- Stringent government regulations and standards for energy management
- Rising awareness about the benefits of utility bill management systems among businesses and consumers
- Technological advancements that make utility bill management systems more efficient, user-friendly, and affordable
Scope Of The Report
Report Attributes
Report Details
Report Title
Utility Bill Management System Market Research Report
By Type
Home Energy Management System, Industrial Energy Management System, Building Energy Management System
By Application
Residential, Commercial
By Companies
SkyBill SIA, Snappii Apps, Cogsdale, Enghouse Networks, Creative Technologies, Intedata Systems, TAK Technology, United Systems Technology, Oracle, ABIS, SmartGridCIS, Banyon Data Systems
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Utility Bill Management System Market Report Segments:
The global Utility Bill Management System market is segmented on the basis of:
Types
Home Energy Management System, Industrial Energy Management System, Building Energy Management System
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
Residential, Commercial
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:
- SkyBill SIA
- Snappii Apps
- Cogsdale
- Enghouse Networks
- Creative Technologies
- Intedata Systems
- TAK Technology
- United Systems Technology
- Oracle
- ABIS
- SmartGridCIS
- Banyon Data Systems
Highlights of The Utility Bill Management System 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:
- Home Energy Management System
- Industrial Energy Management System
- Building Energy Management System
- By Application:
- Residential
- Commercial
- 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 Utility Bill Management System 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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?
A utility bill management system (UBMS) is a software application that helps utilities manage their billing and collections processes. The system typically includes features to help customers track their bills, pay them online or by phone, and receive alerts if they fall behind on payments. UBMSs can also automate tasks such as sending reminder notices to customers who have fallen behind on payments.
Some of the major companies in the utility bill management system market are SkyBill SIA, Snappii Apps, Cogsdale, Enghouse Networks, Creative Technologies, Intedata Systems, TAK Technology, United Systems Technology, Oracle, ABIS, SmartGridCIS, Banyon Data Systems.
The utility bill management system market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Utility Bill Management System 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 Utility Bill Management System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Utility Bill Management System 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 Utility Bill Management System 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 Utility Bill Management System Market Size & Forecast, 2018-2028
4.5.1 Utility Bill Management System Market Size and Y-o-Y Growth
4.5.2 Utility Bill Management System Market Absolute $ Opportunity
Chapter 5 Global Utility Bill Management System 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 Utility Bill Management System Market Size Forecast by Type
5.2.1 Home Energy Management System
5.2.2 Industrial Energy Management System
5.2.3 Building Energy Management System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Utility Bill Management System 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 Utility Bill Management System Market Size Forecast by Applications
6.2.1 Residential
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Utility Bill Management System 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 Utility Bill Management System 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 Utility Bill Management System Analysis and Forecast
9.1 Introduction
9.2 North America Utility Bill Management System 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 Utility Bill Management System Market Size Forecast by Type
9.6.1 Home Energy Management System
9.6.2 Industrial Energy Management System
9.6.3 Building Energy Management System
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 Utility Bill Management System Market Size Forecast by Applications
9.10.1 Residential
9.10.2 Commercial
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 Utility Bill Management System Analysis and Forecast
10.1 Introduction
10.2 Europe Utility Bill Management System 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 Utility Bill Management System Market Size Forecast by Type
10.6.1 Home Energy Management System
10.6.2 Industrial Energy Management System
10.6.3 Building Energy Management System
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 Utility Bill Management System Market Size Forecast by Applications
10.10.1 Residential
10.10.2 Commercial
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 Utility Bill Management System Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Utility Bill Management System 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 Utility Bill Management System Market Size Forecast by Type
11.6.1 Home Energy Management System
11.6.2 Industrial Energy Management System
11.6.3 Building Energy Management System
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 Utility Bill Management System Market Size Forecast by Applications
11.10.1 Residential
11.10.2 Commercial
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 Utility Bill Management System Analysis and Forecast
12.1 Introduction
12.2 Latin America Utility Bill Management System 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 Utility Bill Management System Market Size Forecast by Type
12.6.1 Home Energy Management System
12.6.2 Industrial Energy Management System
12.6.3 Building Energy Management System
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 Utility Bill Management System Market Size Forecast by Applications
12.10.1 Residential
12.10.2 Commercial
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) Utility Bill Management System Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Utility Bill Management System 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) Utility Bill Management System Market Size Forecast by Type
13.6.1 Home Energy Management System
13.6.2 Industrial Energy Management System
13.6.3 Building Energy Management System
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) Utility Bill Management System Market Size Forecast by Applications
13.10.1 Residential
13.10.2 Commercial
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 Utility Bill Management System Market: Competitive Dashboard
14.2 Global Utility Bill Management System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SkyBill SIA
14.3.2 Snappii Apps
14.3.3 Cogsdale
14.3.4 Enghouse Networks
14.3.5 Creative Technologies
14.3.6 Intedata Systems
14.3.7 TAK Technology
14.3.8 United Systems Technology
14.3.9 Oracle
14.3.10 ABIS
14.3.11 SmartGridCIS
14.3.12 Banyon Data Systems
