Utility Billing Software Market 2022 Strategic Assessment- Oracle Corporation, Harris Computer Systems, PayStand Inc., Utilibill Pvt. Ltd., ePsolutions Inc.

The Utility Billing Software Market provides a unique tool for evaluating the market highlighting opportunities, and supporting strategic and tactical decision-making. This report recognizes that in this rapidly-evolving and competitive environment, up-to-date marketing information is essential to monitor performance and make critical decisions for growth and profitability. It provides information on trends and developments, and focuses on markets capacities and on the changing structure of the Utility Billing Software Market forecast 2026.    

The Utility Billing Software Market was valued at USD 4,188.7 million in 2020, and it is expected to reach a market value of USD 6777.32 million by 2026. to register a CAGR of 8.31% over the forecast period (2021 - 2026). 

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The Utility Billing Software market is highly competitive and consists of a number of major players. Companies like Harris Computer Systems, PayStand Inc., Utilibill Pvt. Ltd., ePsolutions Inc., Jendev Corporation, Oak Bay Technologies Inc., Jayhawk Software Inc., Banyon Data Systems Inc., Sigma Software Solutions Inc., Oracle Corporation Amongst Others.

Key Developments:

- May 2019 - Echo Managed Services 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 into East Surrey Holdings Ltd. household and business water companies.
- March 2019 - In order to provide a cost-effective solution to help the water utilities in meeting their transformation goals, Red Clay Consulting and Oracle Utilities announced a comprehensive new business and technology offering. The solution is powered by Oracle Utilities Customer Cloud Service (CCS), that combines the billing and customer service capabilities of Oracle Utilities Customer Care and Billing (CC&B) with advanced analytics and meter data management (MDM) in a single Software as a Service (SaaS) solution.

Key Market Trends:

Power Distribution Industry Expected to Hold Significant Market Share
- Electricity billing had evolved from the days when utilities gathered monthly energy consumption data to produce a paper invoice that they sent to customers via mail. The use of smart meters, such as two communicating meters, makes it more readily adaptable to streamline the process.
- For instance, Starnik, which is a software company for utility billing, provides cloud-based electricity billing software for the modern-day utility industry. The incredibly innovative electricity billing software of the company has helped to revolutionize the way utilities collect and process daily usage and billing data. With the electricity billing software developed by the company, it is easy to receive and store 15-minute interval reading from the smart grid-enabled devices.

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools:  Utility Billing Software Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter's five forces analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Frequently asked questions by our customers:

-What are the drivers governing the growth of the market?

-What is the annual growth rate of the Utility Billing Software market?

-What is the impact of Covid-19 on the market?

Finally, Utility Billing Software Market report is the believable source for gaining the Market research that will exponentially accelerate your business. The report gives the principal locale, economic situations with the item value, benefit, limit, generation, supply, request and Market development rate and figure and so on. This report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

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