Press release
Utility Billing Software Market Outlook, Segmentation, Size & Share, Comprehensive Analysis to 2027
Utility billing software is the tool used to manages utility operations such as customer information and billing functions for water, electric, gas, sewer, waste management, and among other companies. The convergence of digital devices and rising automation in the billing process is boosting the growth of the utility billing software market. Furthermore, the rising adoption of smart grid technology in the electrical power supply such as smart meter are led to increase the complexity level of billing and collection system, thereby, many companies in the world are switching to more adaptable and scalable utility billing software which fuels the growth of the utility billing software market.Some of the leading players in global market are Banyon Data Systems, Inc, CUSI, Jayhawk Software (Advantage Computer Enterprises, Inc.), Jendev (Jersey Electricity plc), Methodia Group, Muni-Link (Link Computer Corporation), Oracle Corporation, Sigma Software, SkyBill, STW Inc
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Various features such as account management, meter management, customer management, metered and nonmetered billing, rate management, penalty/cut-off processing, online payment processing are some of the factors that increasing demand for the utility billing software market. Increasing shifting from traditional billing to smart billing is also boosting the growth of the utility billing software market. Moreover, rising need to improve customer services and increasing improvements in legacy billing systems are triggering the growth of the utility billing software market.
The global utility billing software market is segmented on the basis deployment type end-user. On the basis of deployment type the market is segmented as cloud, on-premises. On the basis of end-user the market is segmented as water, oil and gas, electric, IT and telecom, others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Utility billing software market based on various segments. It also provides market size and forecast estimates from year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The utility billing software market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting utility billing software market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the utility billing software market in these regions.
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