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Utility Billing Software Market 2023- Business Growth, Industry Trends, Size, Key Drivers, Top Players And Forecast To 2032
Utility Billing Software Market Analysis
Utility Billing Software Market Size, Growth Rate, And Forecast
The global utility billing software market size is expected to grow from $4.51 billion in 2022 to $5.00 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global utility billing software market size is expected to grow to $7.40 billion in 2027 at a CAGR of 10.3%.
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Utility Billing Software Market Drivers
The increasing cloud deployment and adoption is expected to boost the growth of the utility billing software market going forward. Cloud deployment refers to the process of deployment of applications using cloud hosting models. Cloud services make it simple to manage end-to-end rate control, use and charge calculations, and bill preparation; hence, increasing cloud deployment and adoption are expected to boost the utility billing software market.
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Utility Billing Software Market Segments
1) By Type: Platform as a Service, Infrastructure as a Service, Software as a Service
2) By Deployment Mode: On-Premises, Cloud-Based
3) By End-User: Water, Power Distribution, Oil and Gas, Telecommunication, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the utility billing software market.
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Utility Billing Software Market Key Players
Major competitors in the utility billing software market include SkyBill SIA, Banyon Data Systems Inc., Oracle Corporation, Jendev, Cogsdale Corporation, Enghouse Networks, CUSI, Link Computer Corporation, Sigma Software, Advantage Computer - Jayhawk Software, Harris Utilities, Exceleron, ePsolutions Inc., and SilverBlaze.
The Business Research Company's "Global Utility Billing Software Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Utility Billing Software Market Include:
1. Executive Summary
2. Utility Billing Software Market Characteristics
3. Utility Billing Software Market Trends And Strategies
4. Utility Billing Software Market - Macro Economic Scenario
5. Utility Billing Software Market Size And Growth
.......
26. Africa Utility Billing Software Market
27. Utility Billing Software Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Utility Billing Software Market
29. Utility Billing Software Market Future Outlook and Potential Analysis
30. Appendix
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