The Utility Billing Software Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Utility Billing Software Market?
The market size for utility billing software has experienced significant expansion recently. It is projected to increase from $5.48 billion in 2024 to $6.03 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 10.1%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Utility Billing Software Industry?
The Utility Billing Software market is predicted to expand to a market size of $9.3 billion in 2029, with a compound annual growth rate (CAGR) of 11.4%.
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What are the Key Growth Drivers Fueling the Utility Billing Software Market?
The key drivers in the utility billing software market are:
• Rising customer expectations driving the need for efficient billing systems
• A growing focus on sustainability and energy efficiency
• Integration of smart metering and IoT technologies
• Increased demand for data analytics and a shift to cloud-based solutions
Global Market Segmentation: Identifying Major Utility Billing Software Industry 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
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What are the Emerging Trends Shaping the Future of the Utility Billing Software Market?
The key trends in the utility billing software market are:
• There is a growing trend of utility sector modernization in the utility billing software market.
• The market is increasingly influenced by the requirements of regulatory compliance.
• The need for cybersecurity measures is shaping the future of this market.
• A significant upcoming trend is the shift towards cloud-based solutions in the utility billing software market.
Who Are the Top Competitors & Leading Players in the Utility Billing Software Market?
Major companies in the utility billing software market are:
• Banyon Data Systems Inc.
• Oracle Corporation
• 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.
• 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.
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the utility billing software market in 2024
