Market Overview:
The global utility billing software market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for cloud-based utility billing software and rising need for automation in the utilities sector. Based on type, the global utility billing software market is segmented into Software as a Service (SaaS), Platform as a Service (PaaS), and Infrastructure as a Service (IaaS). SaaS is expected to hold the largest share of the market during the forecast period owing to its low cost and easy deployment. Based on application, drinking water companies are expected to hold the largest share ofthe global utility billing software market duringthe forecast period. This can be attributedto th e growing demand for safe drinking water acrossthe globe .
Product Definition:
Utility billing software is a type of software used by businesses to manage and bill for their utilities. This can include anything from water and electricity to gas and telecommunications. The importance of utility billing software lies in its ability to automate the process of billing customers for their usage, as well as provide detailed reports on usage patterns. This can help businesses optimize their use of utilities, identify areas where they may be able to save money, and ensure that they are accurately charging customers for the services they use.
Software as a Service:
Software as a Service (SaaS) is a model in which the software is delivered to the customer using internet protocol. The SaaS model has several benefits such as reduced capital expenditure for software purchase, easy deployment, and low maintenance. In addition, it also helps companies to focus on their core business activities rather than managing IT infrastructure.
Platform as a Service:
Platform as a Service (PaaS) is an approach where the software platform is provided by the service provider and can be used to develop, deploy, and run applications. The application developed using PaaS can also be offered to third party consumers. PaaS has been gaining popularity in recent years owing to its various benefits such as increased productivity of developers and ease of use for new users.
Application Insights:
The platform as a service segment dominated the global utility billing software market in 2017. This is attributed to the growing demand for PaaS solutions from various industries, such as IT and telecom, BFSI and energy. Platform-as-a-service enables users to build customized applications with specific functionalities required by businesses. These applications are then deployed on cloud infrastructure thereby reducing the operational costs of developing and maintaining an application system.
Utility companies across various regions are increasingly realising that they can save both time and money by using a SaaS solution over an on-premise one. Furthermore, increasing digitalization has led many consumers to expect services such as electricity, water supply & drainage network management etc.
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 factors such as increasing adoption of utility management software by large and medium enterprises, growing demand for cloud-based solutions, and rising need for real-time information among others.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to factors such as increasing government initiatives towards improving energy infrastructure in emerging economies including India and China. Furthermore, growing investments by governments of various countries are also expected to drive regional growth during the same period. For instance, In India ‘UJALA Scheme’ was introduced which provides free electricity connection up till 400 units annually per household using ESSs billing system across South Asia region (excluding Afghanistan).
Growth Factors:
- Increasing demand for utility billing software from small and medium businesses (SMBs) due to the advantages it offers over traditional billing methods.
- The growing trend of cloud-based utility billing software, which makes it easier and faster to deploy and reduces upfront costs for businesses.
- The increasing use of smart meters by utilities, which allows them to send real-time usage data to customers, making the need for accurate and timely utility billing even more critical.
- The rising popularity of energy management solutions that help businesses reduce their energy consumption and save money on their utility bills.
- The increasing focus on sustainability among consumers and businesses alike, which is driving the adoption of energy efficient technologies like smart meters and Utility Billing Software
Scope Of The Report
Report Attributes
Report Details
Report Title
Utility Billing Software Market Research Report
By Type
Software as a Service, Platform as a Service, Infrastructure as a Service, On-premise
By Application
Drinking Water Company, Power Company, Gas Station, Wind Energy
By Companies
SkyBill SIA, Cogsdale, Enghouse Networks, Continental Utility Solutions, Utilitybilling.com, Link Computer Corporation, Creative Technologies, Snappii Apps, Redline Data Systems, TAK Technology, Intedata Systems, Nobel Systems, Fund Accounting Solution Technologies, Crestline Software, SilverBlaze, Starnik, SmartGridCIS, United Systems Technology, Banyon Data Systems, Energy Hippo, Oak Bay Technologies, Oracle, ABIS
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
210
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Utility Billing Software Market Report Segments:
The global Utility Billing Software market is segmented on the basis of:
Types
Software as a Service, Platform as a Service, Infrastructure as a Service, On-premise
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
Drinking Water Company, Power Company, Gas Station, Wind Energy
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
- Cogsdale
- Enghouse Networks
- Continental Utility Solutions
- Utilitybilling.com
- Link Computer Corporation
- Creative Technologies
- Snappii Apps
- Redline Data Systems
- TAK Technology
- Intedata Systems
- Nobel Systems
- Fund Accounting Solution Technologies
- Crestline Software
- SilverBlaze
- Starnik
- SmartGridCIS
- United Systems Technology
- Banyon Data Systems
- Energy Hippo
- Oak Bay Technologies
- Oracle
- ABIS
Highlights of The Utility Billing 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:
- Software as a Service
- Platform as a Service
- Infrastructure as a Service
- On-premise
- By Application:
- Drinking Water Company
- Power Company
- Gas Station
- Wind Energy
- 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 Billing 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?
Utility billing software is a computer program that helps utility companies bill their customers for the use of utilities. The software can be used to generate invoices, track customer payments, and manage customer records.
Some of the major players in the utility billing software market are SkyBill SIA, Cogsdale, Enghouse Networks, Continental Utility Solutions, Utilitybilling.com, Link Computer Corporation, Creative Technologies, Snappii Apps, Redline Data Systems, TAK Technology, Intedata Systems, Nobel Systems, Fund Accounting Solution Technologies, Crestline Software, SilverBlaze, Starnik, SmartGridCIS, United Systems Technology, Banyon Data Systems, Energy Hippo, Oak Bay Technologies, Oracle, ABIS.
The utility billing software market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Utility Billing 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 Utility Billing Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Utility Billing 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 Utility Billing 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 Utility Billing Software Market Size & Forecast, 2018-2028
4.5.1 Utility Billing Software Market Size and Y-o-Y Growth
4.5.2 Utility Billing Software Market Absolute $ Opportunity
Chapter 5 Global Utility Billing Software 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 Billing Software Market Size Forecast by Type
5.2.1 Software as a Service
5.2.2 Platform as a Service
5.2.3 Infrastructure as a Service
5.2.4 On-premise
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Utility Billing Software 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 Billing Software Market Size Forecast by Applications
6.2.1 Drinking Water Company
6.2.2 Power Company
6.2.3 Gas Station
6.2.4 Wind Energy
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Utility Billing 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 Utility Billing 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 Utility Billing Software Analysis and Forecast
9.1 Introduction
9.2 North America Utility Billing Software 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 Billing Software Market Size Forecast by Type
9.6.1 Software as a Service
9.6.2 Platform as a Service
9.6.3 Infrastructure as a Service
9.6.4 On-premise
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 Billing Software Market Size Forecast by Applications
9.10.1 Drinking Water Company
9.10.2 Power Company
9.10.3 Gas Station
9.10.4 Wind Energy
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 Billing Software Analysis and Forecast
10.1 Introduction
10.2 Europe Utility Billing Software 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 Billing Software Market Size Forecast by Type
10.6.1 Software as a Service
10.6.2 Platform as a Service
10.6.3 Infrastructure as a Service
10.6.4 On-premise
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 Billing Software Market Size Forecast by Applications
10.10.1 Drinking Water Company
10.10.2 Power Company
10.10.3 Gas Station
10.10.4 Wind Energy
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 Billing Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Utility Billing Software 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 Billing Software Market Size Forecast by Type
11.6.1 Software as a Service
11.6.2 Platform as a Service
11.6.3 Infrastructure as a Service
11.6.4 On-premise
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 Billing Software Market Size Forecast by Applications
11.10.1 Drinking Water Company
11.10.2 Power Company
11.10.3 Gas Station
11.10.4 Wind Energy
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 Billing Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Utility Billing Software 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 Billing Software Market Size Forecast by Type
12.6.1 Software as a Service
12.6.2 Platform as a Service
12.6.3 Infrastructure as a Service
12.6.4 On-premise
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 Billing Software Market Size Forecast by Applications
12.10.1 Drinking Water Company
12.10.2 Power Company
12.10.3 Gas Station
12.10.4 Wind Energy
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 Billing Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Utility Billing Software 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 Billing Software Market Size Forecast by Type
13.6.1 Software as a Service
13.6.2 Platform as a Service
13.6.3 Infrastructure as a Service
13.6.4 On-premise
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 Billing Software Market Size Forecast by Applications
13.10.1 Drinking Water Company
13.10.2 Power Company
13.10.3 Gas Station
13.10.4 Wind Energy
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 Billing Software Market: Competitive Dashboard
14.2 Global Utility Billing Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SkyBill SIA
14.3.2 Cogsdale
14.3.3 Enghouse Networks
14.3.4 Continental Utility Solutions
14.3.5 Utilitybilling.com
14.3.6 Link Computer Corporation
14.3.7 Creative Technologies
14.3.8 Snappii Apps
14.3.9 Redline Data Systems
14.3.10 TAK Technology
14.3.11 Intedata Systems
14.3.12 Nobel Systems
14.3.13 Fund Accounting Solution Technologies
14.3.14 Crestline Software
14.3.15 SilverBlaze
14.3.16 Starnik
14.3.17 SmartGridCIS
14.3.18 United Systems Technology
14.3.19 Banyon Data Systems
14.3.20 Energy Hippo
14.3.21 Oak Bay Technologies
14.3.22 Oracle
14.3.23 ABIS
