Press release
Utility Billing Software Market Sees Remarkable Growth Amidst Evolving Utility Sector
DataWest, which provides software products for the needs of the utility industry, has its own electric utility billing software BillMaster. This electric utility billing software is crafted with the needs of electric clients firmly in mind. The company has extensive experience in the electricity industry and has provided practical, real-world knowledge of electric utility needs, processes, and practices necessary to pack BillMaster with precisely the features and functions that the utility needs.
Request Sample Report at: https://www.alliedmarketresearch.com/request-toc-and-sample/14928
COVID-19 scenario analysis
► Utility market is losing revenue. Several utilities are facing revenue reductions, like the suspension of water billing (for all or part of the population), have been a common and understandable feature of several countries' response to the crisis.
► The second challenge is the reduced availability of critical elements for operations such as chemicals for water treatment, fuel, or spare parts. Water utilities are also facing challenges in covering labor costs and providing sufficient personal protective equipment (PPE) to their staff at a time when income is drying up. They are also adding costs as they provide water services to vulnerable communities by increasing access to water points, tanker services, and other enhanced delivery mechanisms.
► The third challenge stems from the deferment of critical investments to meet the more urgent necessity of funding emergency responses. This is affecting areas such as the expansion of services, asset rehabilitation, and other capital expenditures.
► The COVID-19 had an enormous challenge for the energy industry as utilities were disproportionately burdened as they not only had to cover the costs of unpaid electricity but also the taxes, duties, levies, and grid fees.
For Report Customization: https://www.alliedmarketresearch.com/request-for-customization/14928
Utility businesses in this region are also focused on effective consumer services to stay ahead of the increasing competition. Advanced billing software is also a norm in the utility industry in this region, owing to the high integration of digital platforms like social media, mobile devices, web portals, and the presence of digitally literate consumers.
The utility billing software market is neither fragmented nor consolidated, allowing to have multiple vendors present in the market. The lack of control of any player on the supply chain has helped in creating such a market. There are various mergers and acquisitions taking place in this market, and new innovations in terms of technology are expected to propel the growth of the utility billing software market.
Key benefits of the report:
► This study presents the analytical depiction of the industry along with the current trends and future estimations to determine the imminent investment pockets.
► The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the market.
► The current utility billing software market is quantitatively analyzed to highlight the market growth scenario.
► The report provides a market analysis based on competitive intensity and how the competition will take shape in the coming years.
Buy Now & Get Exclusive Discount On This Report: https://www.alliedmarketresearch.com/utility-billing-software-market/purchase-options
Access the full summary at: https://www.alliedmarketresearch.com/utility-billing-software-market-A14559
Highly scalable utility billing software also has the capability of managing customer information and helps to improve customer services by allowing utilities to more effectively serve the consumers and stay ahead of the competition. All these factors are responsible for aiding the increasing demand for a variety of utility billing software. There is an increasing improvement in legacy billing systems, one of the crucial factors driving the global utility billing software market. The rising adoption of smart grid technology such as smart meters in the electrical power supply industry has increased the complexity level in the billing and collection infrastructure for utilities. Many services are switching to more flexible and scalable utility billing software due to the changing business dynamics. This particular trend is expected to increase in the upcoming years, and a large number of utilities will begin to adopt utility billing software.
However, the presence of digitally advanced consumers and the convergence of digital devices & technologies and traditional business processes are increasingly making it complex for the utility industry. To deliver services at par to match the rising expectations for effective services, the customer information systems and current legacy billing systems are not suitable in the long term.
Key Market Players:
► Intedata System
► Snappii Apps
► Cogsdale
► Energy Hippo
► Fund Accounting Solution Technologies
► Oracle
► SilverBlaze
► Crestline Software
► Enghouse Networks
► TAK Technology
► Redline Data Systems
► Banyon Data Systems
► Creative Technologies
► Oak Bay Technologies
► Starnik
► Continental Utility Solutions
► Nobel Systems
► ABIS.
► Utilitybilling.com
► United Systems Technology
► SkyBill SIA
► SmartGridCIS
► Link Computer Corporation
Inquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/14928
Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.
If you have any special requirements, please let us know and we will offer you the report as per your requirements.
Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll-Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
Follow Us on: LinkedIn Twitter
About us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies.
This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Utility Billing Software Market Sees Remarkable Growth Amidst Evolving Utility Sector here
News-ID: 3180960 • Views: …
More Releases from Allied Market Research
Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
The global urinary drainage bags market is experiencing robust growth, with its market size valued at $1.4billion in 2021 and projected to reach $2billion by 2031. This expansion represents a compound annual growth rate (CAGR) of 3.8% from 2021 to 2031, highlighting the increasing demand for these essential medical devices.
Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A17529
What Are Urinary Drainage Bags?
Urinary drainage bags are specialized medical devices designed to collect…
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
The global cream powder industry was estimated at $4.8 billion in 2021 and is expected to hit $8.9 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031.
The cream powder market is experiencing growth due to various factors, including the increasing popularity of bakeries and HoReCa (hotels, restaurants, and cafes) and rising consumer demand for natural products. The dairy-based segment is a significant contributor to the market's growth…
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Bil …
The global micro drone industry generated $6.71 billion in 2020, and is expected to reach $28.91 billion in 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario.
Increased operational efficiency and rise in demand for improved surveillance drive the growth of the global micro drone market. However, strict…
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of …
The global microwaveable foods industry was accounted for $120.45 billion in 2020, and is expected to reach $230.93 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
Rise in popularity of fast-food restaurants and large population base coupled with increase in number of quick-service restaurants drive the global microwaveable foods market. However, lack of awareness about microwavable foods hinders the market growth. On the contrary, rise in…
More Releases for Utility
Utility Scale Solar Market Size, Trends 2031 By Key Players- Suntech, JA Utility …
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲: According to Verified Market Reports analysis, the global Utility Scale Solar Market size is reached a valuation of USD 53.01 Billion in 2023, with projections to achieve USD 250.41 Billion by 2031, demonstrating a 𝐂𝐀𝐆𝐑 7.78% 𝐟𝐫𝐨𝐦 𝟐𝟎𝟐𝟒 𝐭𝐨 𝟐𝟎𝟑𝟏.
The utility-scale solar market presents significant opportunities driven by the global push for renewable energy and decreasing technology costs. As governments worldwide aim to meet ambitious climate targets,…
Utility Communication Market
Global Utility Communication Market report from Global Insight Services is the single authoritative source of intelligence on Utility Communication Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types,…
Expecting Huge Growth for Global Utility Scale Solar Market 2019-2026 with top k …
QYReports features a new market study on the report, titled “Global Utility Scale Solar Market Professional Survey Report 2019,” provides in-depth insights into the key dynamics assessing the drivers and restraints, business prospects of key product and application segments, notable growth trends, and competitive analysis of leading vendors. The research report throws light on the size and share of key segments, product developments, and prospective growth opportunities in the near…
Utility Scale Solar Market Witness Highest Growth in near future| Leading Key Pl …
MarketResearchNest.com adds “Global and Chinese Utility Scale Solar Industry, 2018 Market Research Report” new report to its research database. The report spread across 141 pages with multiple tables and figures in it.
This report studies the Utility Scale Solar market with many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with…
Electric Utility Survey Report: Utility Weather Forecasting and Data Usages
Macrosoft’s 2016 Utility Survey Report from 109 Electric Utility Executives
Utilities face a critical challenge when it comes to probing the accuracy of their weather forecasts. Macrosoft’s 2016 utility survey addressed these issues by answering valuable questions involving different weather forecasting practices, perceived satisfaction levels, usage of statistical data, and best practices.
The survey provided many insightful observations including:
1.80% of Utilities use an Outage Prediction model.
2.71% of Utilities don’t have a dedicated,…
African Utility Week: Incomprehensible utility bills – could be empowerment to …
With rising utility tariffs, the South African consumer is under mounting pressure. Add to this the fact that utility bills are for all practical purposes unintelligible, with consumers being confronted with figures few seem to understand.
A research company, Sarah Slabbert Associates, recently did a study for the Water Research Commission of South Africa into how this country’s utility bills compare with that of the rest of the world…
