PUBLISHER: IMARC | PRODUCT CODE: 1287587
PUBLISHER: IMARC | PRODUCT CODE: 1287587
Utility Billing Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global utility billing software market size reached US$ 5.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.4 Billion by 2028, exhibiting a growth rate (CAGR) of 8.3% during 2023-2028.
Utility billing software (UBS) refers to a specially designed platform that is deployed for invoicing gas, water, and electricity services. It aids in generating bills, posting cash, resolving user inquiries, integrating finances, managing accounts, and examining delinquent accounts, thus reducing the risks of fraudulent activities. The UBS also assists power companies in improving customer support, enhancing accuracy, reducing cost-to-serve, and strategizing the marketing campaigns. At present, UBS is commercially categorized based on its varying deployment models, such as cloud-based, on-premises, and build-your-own solutions.
Utility Billing Software Market Trends:
The increasing need to enhance the overall operational efficiency at reduced costs is currently facilitating the adoption of UBS solutions across various power distribution companies. In line with this, the sudden outbreak of the COVID-19 pandemic and the consequent implementation of lockdown has led to a shift from conventionally used bill paying methods toward online bill paying applications, which is acting as another major growth-inducing factor. Furthermore, significant improvements in legacy billing systems, such as the integration of cloud computing and the Internet of Things (IoT) solutions, to meet the evolving dynamics of utility industry is contributing to the market growth. The introduction of smart grid technology and smart meters for promoting efficient electricity transmission, reducing the utility power costs, and restoring power after disturbances is propelling the market growth significantly. Other factors, including strategic collaborations between companies to launch more advanced cloud-based electricity billing software, along with the extensive utilization of smartphones, tablets, laptops, and desktops to support digital payments and the increasing accessibility to the high-speed internet, especially in the developing region, are creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global utility billing software market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on deployment mode, type and end user.
Breakup by Deployment Mode:
On-premises
Cloud-based
Breakup by Type:
Platform as a Service
Infrastructure as a Service
Software as a Service
Breakup by End User:
Water
Power Distribution
Oil and Gas
Telecommunication
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Continental Utility Solutions Inc., ePsolutions Inc., Exceleron Software, Harris Computer (Constellation Software Inc.), Jayhawk Software Inc., Jendev Corporation, Methodia Group, Oracle Corporation, Sigma Software Solutions Inc., SkyBill SIA and Utilibill Pvt. Ltd.
Key Questions Answered in This Report
1. What was the size of the global utility billing software market in 2022?
2. What is the expected growth rate of the global utility billing software market during 2023-2028?
3. What has been the impact of COVID-19 on the global utility billing software market?
4. What are the key factors driving the global utility billing software market?
5. What is the breakup of the global utility billing software market based on the deployment mode?
6. What is the breakup of the global utility billing software market based on the end user?
7. What are the key regions in the global utility billing software market?
8. Who are the key players/companies in the global utility billing software market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Utility Billing Software Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Deployment Mode
- 6.1 On-premises
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Cloud-based
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Type
- 7.1 Platform as a Service
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Infrastructure as a Service
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Software as a Service
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by End User
- 8.1 Water
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Power Distribution
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Oil and Gas
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Telecommunication
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Others
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 Continental Utility Solutions Inc.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 ePsolutions Inc.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Exceleron Software
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Harris Computer (Constellation Software Inc.)
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Jayhawk Software Inc.
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Jendev Corporation
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Methodia Group
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Oracle Corporation
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.8.3 Financials
- 14.3.8.4 SWOT Analysis
- 14.3.9 Sigma Software Solutions Inc.
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 SkyBill SIA
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.11 Utilibill Pvt. Ltd.
- 14.3.11.1 Company Overview
- 14.3.11.2 Product Portfolio
- 14.3.1 Continental Utility Solutions Inc.
List of Figures
- Figure 1: Global: Utility Billing Software Market: Major Drivers and Challenges
- Figure 2: Global: Utility Billing Software Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Utility Billing Software Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Utility Billing Software Market: Breakup by Deployment Mode (in %), 2022
- Figure 5: Global: Utility Billing Software Market: Breakup by Type (in %), 2022
- Figure 6: Global: Utility Billing Software Market: Breakup by End User (in %), 2022
- Figure 7: Global: Utility Billing Software Market: Breakup by Region (in %), 2022
- Figure 8: Global: Utility Billing Software (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 9: Global: Utility Billing Software (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 10: Global: Utility Billing Software (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Utility Billing Software (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Utility Billing Software (Platform as a Service) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Utility Billing Software (Platform as a Service) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Utility Billing Software (Infrastructure as a Service) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Utility Billing Software (Infrastructure as a Service) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Utility Billing Software (Software as a Service) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Utility Billing Software (Software as a Service) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Utility Billing Software (Water) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Utility Billing Software (Water) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Utility Billing Software (Power Distribution) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Utility Billing Software (Power Distribution) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Utility Billing Software (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Utility Billing Software (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Utility Billing Software (Telecommunication) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Utility Billing Software (Telecommunication) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Utility Billing Software (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Utility Billing Software (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: North America: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: North America: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: United States: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: United States: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Canada: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Canada: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Asia-Pacific: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Asia-Pacific: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: China: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: China: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Japan: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Japan: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: India: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: India: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: South Korea: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: South Korea: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Australia: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Australia: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Indonesia: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Indonesia: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Others: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Others: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Europe: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Europe: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: Germany: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: Germany: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: France: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: France: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: United Kingdom: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: United Kingdom: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Italy: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Italy: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Spain: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Spain: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Russia: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Russia: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Others: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: Others: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Latin America: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Latin America: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Brazil: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Brazil: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Mexico: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Mexico: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Others: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Others: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Middle East and Africa: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Middle East and Africa: Utility Billing Software Market: Breakup by Country (in %), 2022
- Figure 76: Middle East and Africa: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Global: Utility Billing Software Industry: SWOT Analysis
- Figure 78: Global: Utility Billing Software Industry: Value Chain Analysis
- Figure 79: Global: Utility Billing Software Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Utility Billing Software Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Utility Billing Software Market Forecast: Breakup by Deployment Mode (in Million US$), 2023-2028
- Table 3: Global: Utility Billing Software Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 4: Global: Utility Billing Software Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 5: Global: Utility Billing Software Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 6: Global: Utility Billing Software Market: Competitive Structure
- Table 7: Global: Utility Billing Software Market: Key Players
