Utility billing software is the tool used to manages utility operations such as customer information and billing functions for water, electric, gas, sewer, waste management, and among other companies. The convergence of digital devices and rising automation in the billing process is boosting the growth of the utility billing software market. Furthermore, the rising adoption of smart grid technology in the electrical power supply such as smart meter are led to increase the complexity level of billing and collection system, thereby, many companies in the world are switching to more adaptable and scalable utility billing software which fuels the growth of the utility billing software market.
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Top Key Companies:
1. Banyon Data Systems, Inc
3. Jayhawk Software (Advantage Computer Enterprises, Inc.)
4. Jendev (Jersey Electricity plc)
5. Methodia Group
6. Muni-Link (Link Computer Corporation)
7. Oracle Corporation
8. Sigma Software
10. STW Inc
Various features such as account management, meter management, customer management, metered and nonmetered billing, rate management, penalty/cut-off processing, online payment processing are some of the factors that increasing demand for the utility billing software market. Increasing shifting from traditional billing to smart billing is also boosting the growth of the utility billing software market. Moreover, rising need to improve customer services and increasing improvements in legacy billing systems are triggering the growth of the utility billing software market.
The global utility billing software market is segmented on the basis deployment type end-user. On the basis of deployment type the market is segmented as cloud, on-premises. On the basis of end-user the market is segmented as water, oil and gas, electric, IT and telecom, others.
The report analyzes factors affecting utility billing software market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the utility billing software market in these regions.
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Key question and answered in the report include:
- What will the market size and the growth rate be in 2027?
- What are the key factors driving the Utility Billing Software Market?
- What are the key market trends impacting the growth of the Utility Billing Software Market?
- What are the challenges to market growth?
- Who are the key North vendors in the Utility Billing Software Market?
- What are the market opportunities and threats faced by the vendors in the Utility Billing Software Market?