What is Utility Billing Software Market Scope?
Utility Billing software helps in managing the utility operations, customer information, and billing functions for water, sewer, gas, electric, waste management, and sub-metering companies. To enhance productivity and profitability through the integration of service orders, meter maintenance history, and scheduling in addition to customer management and billing processes organizations uses Utility Billing Systems. It is used to provide an effective billing solution that helps municipalities and officials in order to manage their daily operations. Water, electricity, and gas bills are usually referred to as utility bills.
Influencing Trend:
Rising Adoption of Smart Grid Technology such as Smart Meters in the Electrical Power Supply Industry
Market Growth Drivers:
Rising Improvement in Legacy Billing Systems and Growing Demand for Flexible and Scalable Utility Billing Software due to the Changing Business Dynamics
Challenges:
Increasing Cyber Security Threats
Restraints:
Lack of Skilled Working Professionals
Opportunities:
Rising Adoption of AI and Big Data and Machine Learning Tool in the Utility Billing Software
The Utility Billing Software market study is being classified, by Application and major geographies with country level break-up.
Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Utility Billing Software market throughout the predicted period.
Oracle (United States), Constellation Software (Canada), Enghouse Networks (United States), Continental Utility Solutions (United States), PayStand Inc. (United States), Utilibill Pvt. Ltd. (United States), ePsolutions Inc. (United States), Jendev Corporation (British Channel Island of Jersey), Oak Bay Technologies Inc. (United States) and Jayhawk Software Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Banyon Data Systems Inc. (United States), Sigma Software Solutions Inc. (Canada ), RadiusPoint Inc. (United States) and Echo Managed Services Ltd (United Kingdom).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Utility Billing Software market by Type, Application and Region.
On the basis of geography, the market of Utility Billing Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In May 2019, Echo Managed Services has won a billing software contract with SES Water and SES Business Water for its new cloud-based software Aptumo. Aptumo is a cloud-based, customer billing, and CRM solution for East Surrey Holdings Ltd. household and business water companies.
in May 2019, OakBrook Investments LLC has sold the shares of Tyler Technologies Inc. Oakbrook Investments LLC’s holdings in Tyler Technologies were worth USD 588,000 as of its most recent filing with the Securities and Exchange Commission. Many large investors recently made changes to their positions in the company.
Key Target Audience
Utility Billing Software Providers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
Utility Billing Software Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Utility Billing Software Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Utility Billing Software industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.