Market Overview:
The global Utility Management Systems (UMS) market is expected to grow from USD 2.02 billion in 2018 to USD 3.92 billion by 2030, at a CAGR of 7.5% from 2018 to 2030. The growth of the UMS market can be attributed to the increasing demand for smart grid technologies and rising concerns about energy security and climate change. The global UMS market is segmented on the basis of type, application, and region. On the basis of type, the UMS market is segmented into software as a service (SaaS), platform as a service (PaaS), infrastructure as a service (IaaS), and on-premise solutions.
Product Definition:
A Utility Management System (UMS) is a software system used by organizations to manage their utility bills and consumption. UMS can provide detailed information on electricity, gas, water and other utility bills, as well as track usage patterns and identify areas for cost savings. Importantly, UMS can also help organizations forecast future energy needs based on past consumption data.
Software as a Service:
Software as a Service (SaaS) is an emerging trend in the utility management systems market. It's a model under which the software applications are delivered to consumers using internet protocol and can be remotely accessed from any location. The service provider company does not own the software application and provides only internet connectivity, platform, and support for running applications on end-users’ computers.
Platform as a Service:
Platform as a Service (PaaS) is an approach where the application development environment is replaced by a service that provides all necessary components including operating system, middleware, applications and database. The PaaS services are used to develop, deploy and run web-based applications on the cloud. It offers several benefits such as rapid application development with reduced costs which increases its demand in utility management systems market.
Application Insights:
The drinking water company segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to factors such as growing demand for utility management solutions from public water companies, private companies providing drinking water services, and industrial users managing their on-site wastewater treatment facilities.
The power company segment is expected to register a notable CAGR over the forecast period owing to increasing investments in renewable energy generation coupled with rising concerns regarding grid stability and reliability. Power companies are increasingly deploying IT infrastructure & application management solutions due to growing demand for automation across all operations & maintenance functions of the grid including planning, asset optimization, control room monitoring & administration tasks.
Utility operators are also focusing on developing new revenue streams by entering into long term contracts with wind energy producers that provide guarantees about purchase prices for electricity generated by windmills throughout an entire year (PPA).
Regional Analysis:
The North America market was valued at USD X billion in 2017 and is expected to witness significant growth over the forecast period owing to increasing demand for utility management systems from U.S.-based companies. The rising number of small & medium enterprises (SMEs) in Canada has boosted the adoption of UMS, which is further anticipated to drive regional market growth over the forecast period.
Asia Pacific accounted for a revenue share of 24% in 2017 and is expected to register a CAGR exceeding 7% during the forecast period on account of rapid urbanization, growing population, improving standard of living coupled with government initiatives favoring infrastructure development across various countries such as China and India are some major factors driving regional market growth. Moreover, favorable regulatory policies by governments aimed at promoting investments through EPC contracts are projected to boost industry expansion rates within Asia Pacific region thereby propelling overall demand over the next eight years (2030).
Growth Factors:
- Increasing demand for energy efficiency and conservation
- Rapid urbanization and industrialization in developing countries
- Stringent government regulations and standards for energy management
- Growing awareness about the benefits of utility management systems among businesses and consumers
- Advancements in technology that make utility management systems more efficient, effective, and affordable
Scope Of The Report
Report Attributes
Report Details
Report Title
Utility Management Systems 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, Utilitybilling.com, SAP S, eLogger, Redline Data Systems, TAK Technology, Nobel Systems, SilverBlaze, Energy Hippo, Stellar Information Technology, NEXGEN Utility Management, Electricitybilling.com, Qlik, EnSite, novotX, PenguinData Workforce Management, WaterTrax, Itineris, Methodia, Katapult Engineering, SAS Institute, Capricorn Systems, Arkansas Data Services, Powerley, Dropcountr, Verdafero, Invoice Cloud, ANB 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
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Utility Management Systems Market Report Segments:
The global Utility Management Systems 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
- Utilitybilling.com
- SAP S
- eLogger
- Redline Data Systems
- TAK Technology
- Nobel Systems
- SilverBlaze
- Energy Hippo
- Stellar Information Technology
- NEXGEN Utility Management
- Electricitybilling.com
- Qlik
- EnSite
- novotX
- PenguinData Workforce Management
- WaterTrax
- Itineris
- Methodia
- Katapult Engineering
- SAS Institute
- Capricorn Systems
- Arkansas Data Services
- Powerley
- Dropcountr
- Verdafero
- Invoice Cloud
- ANB Systems
Highlights of The Utility Management Systems 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 Management Systems 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 management systems (UMS) are a type of software that helps utilities manage their resources more efficiently. UMS can help utilities track energy usage, identify and fix leaks, and forecast demand.
Some of the major players in the utility management systems market are SkyBill SIA, Cogsdale, Utilitybilling.com, SAP S, eLogger, Redline Data Systems, TAK Technology, Nobel Systems, SilverBlaze, Energy Hippo, Stellar Information Technology, NEXGEN Utility Management, Electricitybilling.com, Qlik, EnSite, novotX, PenguinData Workforce Management, WaterTrax, Itineris, Methodia, Katapult Engineering, SAS Institute, Capricorn Systems, Arkansas Data Services, Powerley, Dropcountr, Verdafero, Invoice Cloud, ANB Systems.
The utility management systems market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Utility Management Systems 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 Management Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Utility Management Systems 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 Management Systems 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 Management Systems Market Size & Forecast, 2018-2028
4.5.1 Utility Management Systems Market Size and Y-o-Y Growth
4.5.2 Utility Management Systems Market Absolute $ Opportunity
Chapter 5 Global Utility Management Systems 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 Management Systems 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 Management Systems 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 Management Systems 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 Management Systems 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 Management Systems 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 Management Systems Analysis and Forecast
9.1 Introduction
9.2 North America Utility Management Systems 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 Management Systems 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 Management Systems 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 Management Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Utility Management Systems 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 Management Systems 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 Management Systems 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 Management Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Utility Management Systems 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 Management Systems 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 Management Systems 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 Management Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Utility Management Systems 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 Management Systems 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 Management Systems 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 Management Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Utility Management Systems 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 Management Systems 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 Management Systems 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 Management Systems Market: Competitive Dashboard
14.2 Global Utility Management Systems 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 Utilitybilling.com
14.3.4 SAP S
14.3.5 eLogger
14.3.6 Redline Data Systems
14.3.7 TAK Technology
14.3.8 Nobel Systems
14.3.9 SilverBlaze
14.3.10 Energy Hippo
14.3.11 Stellar Information Technology
14.3.12 NEXGEN Utility Management
14.3.13 Electricitybilling.com
14.3.14 Qlik
14.3.15 EnSite
14.3.16 novotX
14.3.17 PenguinData Workforce Management
14.3.18 WaterTrax
14.3.19 Itineris
14.3.20 Methodia
14.3.21 Katapult Engineering
14.3.22 SAS Institute
14.3.23 Capricorn Systems
14.3.24 Arkansas Data Services
14.3.25 Powerley
14.3.26 Dropcountr
14.3.27 Verdafero
14.3.28 Invoice Cloud
14.3.29 ANB Systems
