Global Utility Billing Software Market Segments 2024, Forecast To 2033
5 Mar, 2024
The utility billing software market size has grown rapidly, moving from $5.04 billion in 2023 to $5.6 billion in 2024, reflecting a CAGR of 11.3%. This growth is attributed to data security and privacy concerns, market competition and consumer demands, utility sector modernization, focus on sustainability, and the increasing complexity of utility services. The market is expected to see rapid growth, reaching $8.32 billion in 2028, sustaining a CAGR of 10.4%. Major trends in the forecast period include utility sector modernization, regulatory compliance requirements, cybersecurity measures, emphasis on sustainability and green practices, and the shift to cloud-based solutions.
Global Utility Billing Software Market Key Driver
The utility billing software market is expanding with increased cloud deployment and adoption. A survey by O’Reilly Media, Inc. revealed that 90% of companies globally were adopting the cloud, driving the growth of the utility billing software market.
Get A Free Sample Of The Global Utility Billing Software Market ReportGlobal Utility Billing Software Market Segments
The utility billing software market covered in this report is segmented –
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: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
North America was the largest region in the utility billing software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the utility billing software market during the forecast period. The regions covered in the utility billing software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Utility Billing Software Industry Players
SkyBill SIA; Banyon Data Systems Inc.; Oracle Corporation; Jendev Inc.; Cogsdale Corporation; Enghouse Networks Limited; Continental Utility Solutions Inc.; Link Computer Corporation; Sigma Software LLC; Advantage Computer Enterprises Inc. (ACE); Harris Computer Systems; Exceleron Software Inc.; ePsolutions Inc.; SilverBlaze Solutions Inc.; Aclara Technologies LLC; Advanced Utility Systems Corp.; Avertra Corp.; BillMaster Inc.; Cogent Analytics; Data West Corporation; Daffron & Associates Inc.; Dynamic Systems Inc.; ECI Software Solutions; EnergyCAP Inc.; Energyworx Solutions BV; Ferranti Computer Systems NV; Gentrack Group Ltd.; Hansen Technologies Ltd.; HCL Technologies Ltd.; Honeywell International Inc.; International Business Machines Corporation; Itron Inc.; Kalkitech Inc.
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AIOps Utility Billing Software Market Overview
Utility billing software refers to integrated platforms created for utility businesses to lower cost-to-serve while providing top-notch service. Utility billing software is used to help providers monitor the usage of the utilities they provide, such as water, gas, electricity, wastewater, and sanitation.
Utility Billing Software Global Market Report 2023 provides data on the global utility billing software market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The utility billing software market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.