Global Utility Billing Software Market Size Study & Forecast, by Type, By Deployment Type, By Industry Vertical, and Regional Analysis, 2023-2030, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Utility Billing Software market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Utility Billing Software market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get the whole report, which includes a chart and more than 100 tables and figures. – Comprehensive Analysis of COVID-19 Market Outbreak Impact and Regional Situation
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Global Utility Billing Software Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Utility billing software is employed by utilities such as water, power distribution, telecommunication, oil & gas, and others to control the consumer billing procedure. It aids in the customer information, management of utility operations, and billing duties for sewer, water, electric, waste management, gas, and sub-metering firms. Utility billing systems are installed by organizations to improve productivity and profitability through the integration of service orders, meter maintenance history, scheduling, customer management, and billing procedures. The rising focus on improving legacy billing systems and IT infrastructure, growing awareness for energy conservation and demand management, rising inclination towards automated billing systems, and regulatory compliance are the most prominent factors propelling the market demand across the globe.
In addition, the growing focus in smart grid technology development is primarily attributed to the market growth during the estimated period. Smart grid technology encompasses a range of applications and systems; accordingly, utility billing software plays a crucial role in managing and processing the billing data generated by smart grid infrastructure. For instance, as per Statista, in 2018, the smart grid technology sector stood at USD 7.6 billion in North America and USD 5.6 billion in Asia Pacific. Also, the amount is projected to reach USD 16.8 billion in North America and USD 17.9 billion in Asia Pacific by 2023. Thereby, the growing advancements in smart grid technology is driven by the need for efficient data management, demand-side management capabilities, customer engagement, and regulatory compliance facilitated by utility billing software. Moreover, the growing adoption of smart metering infrastructure, as well as the integration of utility billing software with advanced technologies presents various lucrative opportunities over the forecast years. However, the lack of skilled professionals and rising concerns about data security are hindering the market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Utility Billing Software Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the availability of highly developed utility infrastructure, regulatory compliance and customer service requirements, and increasing demand for efficient billing processes. Whereas, Asia Pacific is expected to grow with the highest CAGR over the forecast years. The rising focus on adopting the cloud for IT operations by various utility companies, rising investment in smart grid technology, and growing adoption of smart metering infrastructure are significantly propelling the market demand across the region.
Major market players included in this report are:
Harris Computer Systems
PayStand Inc.
Utilibill Pvt. Ltd.
ePsolutions Inc.
Jendev Corporation
Exceleron Softwares Inc.
Jayhawk Software Inc.
Banyon Data Systems Inc.
Sigma Software Solutions Inc.
Oracle Corporation
Recent Developments in the Market:
In October 2022, Exceleron Softwares Inc. declared that the company has enhanced the MyUsage solution in order to support amazon web services and tier -1 private cloud options that MyUsage hybrid cloud offerings provide customers with greater flexibility and scalability; this allows excelerons utility customers to select the hosting option that meets their security and back-office requirements.
Global Utility Billing Software Market Report Scope:
Historical Data: 2020 – 2021
Base Year for Estimation: 2022
Forecast period: 2023-2030
Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered: Type, Deployment Type, Industry Vertical, Region
Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Type:
- Platform as a Service
- Infrastructure as a Service
- Software as a Service
By Deployment Type:
- Cloud
- On-premises
By Industry Vertical:
- Water
- Power Distribution
- Telecommunication
- Oil & Gas
- Others
What our report offers:
- Executive Summary: A concise overview of the report, highlighting the main points, key findings, and recommendations.
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- Analysis and Interpretation: Provides an in-depth examination and interpretation of the findings. It may involve comparing data, identifying trends, and drawing conclusions based on the evidence presented.
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- Appendices: Supplementary materials such as additional data, charts, or supporting documents that are relevant to the report but not included in the main body.
- Conclusion: Summarizes the key points discussed in the report and reinforces the main findings.
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Geographical Breakdown: The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of Covid 19 for all regions, key developed countries and major emerging markets.
In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the Market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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“Please refer to Summary for the list of key players.”
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You can divide the sources of data used in this study into primary and secondary sources. In-depth interviews with significant industry figures, such as seasoned employees, directors, CEOs, and marketing professionals, constitute primary sources. Input is also obtained from end users and downstream distributors. Comparatively, secondary sources entail studying the annual and financial reports of leading corporations as well as publicly accessible records and publications. Additionally, the project requires working with a few outside datasets.
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Key Points Covered in Utility Billing Software Market Report:
Table of Contents
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Utility Billing Software Market, by region, 2020-2030 (USD Billion)
1.2.2. Utility Billing Software Market, by Type, 2020-2030 (USD Billion)
1.2.3. Utility Billing Software Market, by Deployment Type, 2020-2030 (USD Billion)
1.2.4. Utility Billing Software Market, by Industry Vertical, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Utility Billing Software Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Utility Billing Software Market Dynamics
3.1. Utility Billing Software Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Rising focus on improving legacy billing systems and IT infrastructure
3.1.1.2. Growing investment in smart grid technology
3.1.2. Market Challenges
3.1.2.1. Lack of skilled professionals among end-user industries
3.1.2.2. Rising concern for data security
3.1.3. Market Opportunities
3.1.3.1. Growing adoption of smart metering infrastructure
3.1.3.2. Integration of utility billing software with advanced technologies
Chapter 4. Global Utility Billing Software Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Utility Billing Software Market, by Type
……..and view more in complete table of Contents
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