Press release
Customer Information System Market and Projected to Reach US$ 1539 Million Growing at CAGR 11.9% to 2023
The report includes an in-depth competitive analysis of the key players in the Customer Information System market, along with their company profiles, recent developments, and key market strategies. The report segments the global CIS market by component (solutions and services), application, deployment type, and region.
Global Customer Information System (CIS) Market size is expected to grow from US$ 877 Million in 2018 to US$ 1,539 Million by 2023, at a Compound Annual Growth Rate (CAGR) of 11.9% during the forecast period. Major growth factors for the market include the growing global utility consumption, the emerging cloud and IoT technologies, and smart city initiatives.
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(Pages-110 Table-39 Figure-38 Profile-25)
Top Kay Players in the “Customer Information System Market”
• Oracle (US)
• SAP (Germany)
• Itineris (Belgium)
• Hansen (Australia)
• Fluentgrid (India)
• Open International (US)
• Gentrack (New Zealand)
• Milestone Utility Services (US)
• Cayenta (British Columbia)
• Advanced Utility Systems (Canada)
• Engineering (Lazio)
• Indra (Spain)
• Ferranti (Belgium)
• NorthStar Utilities (Canada)
• Vertexone (US)
• IBM (US)
• Wipro (India)
• Agility CIS (New Zealand)
• Avertra (US)
• ATS (US)
• Cogsdale (Canada)
• FATHOM (US)
• EG (Denmark)
• efluid (France)
• Hydro-Comp (Cyprus)
The water and waste water management segment is one of the dominating segments in terms of Customer Information System deployments. CIS solutions assist organizations by registering, tracking, and monitoring the water meter population through complete billing and meter data solutions. CIS assists organizations to calculate water consumption bills, generate bill receipts, report on-demand delivery, and track leakages if any. The water and waste water management segment account for the highest market size, owing to the increase in water consumption.
Europe is the second largest contributor to the Customer Information System Market, due to its acceptance of innovations and upcoming technologies, such as cloud and IoT. European Electricity Grid Initiative (EEGI) initiated in 2012, a nine-year European Research and Development (R&D) program introduced to accelerate innovation and the development of electricity networks of the future in Europe. The region comprises major economies, such as the UK, Germany, and France. The UK, Germany, France, and Italy are some of the leading countries taking the initiative to enhance the energy and utility industry vertical in Europe.
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In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the CIS marketplace.
• By company type: Tier 1: 35%, Tier 2: 45%, and Tier 3: 20%
• By designation: C-level Executives: 35%,Director Level: 25%, and Others: 40%
• By region: North America: 45%, Europe: 20%, APAC: 30%, and Rest of the World: 5%
Reason to buy this report
The report would help the market leaders/new entrants in this market with the information on the closest approximations of the revenue numbers for the overall CIS market and sub segments. Moreover, this report would help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies.
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Mr. Hrishikesh
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