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Utility Billing Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global utility billing software market reached a value of US$ 4.61 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 7.73 Billion by 2027 exhibiting a growth rate (CAGR) of 8.60% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Utility billing software (UBS) refers to a specially designed platform that is deployed for invoicing gas, water, and electricity services. It aids in generating bills, posting cash, resolving user inquiries, integrating finances, managing accounts, and examining delinquent accounts, thus reducing the risks of fraudulent activities. The UBS also assists power companies in improving customer support, enhancing accuracy, reducing cost-to-serve, and strategizing the marketing campaigns. At present, UBS is commercially categorized based on its varying deployment models, such as cloud-based, on-premises, and build-your-own solutions.

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Utility Billing Software Market Trends:

The increasing need to enhance the overall operational efficiency at reduced costs is currently facilitating the adoption of UBS solutions across various power distribution companies. In line with this, the sudden outbreak of the COVID-19 pandemic and the consequent implementation of lockdown has led to a shift from conventionally used bill paying methods toward online bill paying applications, which is acting as another major growth-inducing factor. Furthermore, significant improvements in legacy billing systems, such as the integration of cloud computing and the Internet of Things (IoT) solutions, to meet the evolving dynamics of utility industry is contributing to the market growth. The introduction of smart grid technology and smart meters for promoting efficient electricity transmission, reducing the utility power costs, and restoring power after disturbances is propelling the market growth significantly. Other factors, including strategic collaborations between companies to launch more advanced cloud-based electricity billing software, along with the extensive utilization of smartphones, tablets, laptops, and desktops to support digital payments and the increasing accessibility to the high-speed internet, especially in the developing region, are creating a positive outlook for the market.   

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global utility billing software market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on deployment mode, type and end user.

Breakup by Deployment Mode:

  • On-premises
  • Cloud-based
     

Breakup by Type:

 

 
 

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  • Platform as a Service
  • Infrastructure as a Service
  • Software as a Service
     

Breakup by End User:

  • Water
  • Power Distribution
  • Oil and Gas
  • Telecommunication
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Continental Utility Solutions Inc., ePsolutions Inc., Exceleron Software, Harris Computer (Constellation Software Inc.), Jayhawk Software Inc., Jendev Corporation, Methodia Group, Oracle Corporation, Sigma Software Solutions Inc., SkyBill SIA and Utilibill Pvt. Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Deployment Mode, Type, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Continental Utility Solutions Inc., ePsolutions Inc., Exceleron Software, Harris Computer (Constellation Software Inc.), Jayhawk Software Inc., Jendev Corporation, Methodia Group, Oracle Corporation, Sigma Software Solutions Inc., SkyBill SIA and Utilibill Pvt. Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Utility Billing Software Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Deployment Mode
    6.1    On-premises
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Cloud-based
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Type
    7.1    Platform as a Service
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Infrastructure as a Service
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Software as a Service
        7.3.1 Market Trends
        7.3.2 Market Forecast
8    Market Breakup by End User
    8.1    Water
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Power Distribution
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Oil and Gas
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Telecommunication
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Others
        8.5.1 Market Trends
        8.5.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Continental Utility Solutions Inc.
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
        14.3.2    ePsolutions Inc.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Exceleron Software
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    Harris Computer (Constellation Software Inc.)
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    Jayhawk Software Inc.
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
        14.3.6    Jendev Corporation
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    Methodia Group
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    Oracle Corporation
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Sigma Software Solutions Inc.
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    SkyBill SIA
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
        14.3.11    Utilibill Pvt. Ltd.
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio

List of Figures

Figure 1: Global: Utility Billing Software Market: Major Drivers and Challenges
Figure 2: Global: Utility Billing Software Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Utility Billing Software Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Utility Billing Software Market: Breakup by Deployment Mode (in %), 2021
Figure 5: Global: Utility Billing Software Market: Breakup by Type (in %), 2021
Figure 6: Global: Utility Billing Software Market: Breakup by End User (in %), 2021
Figure 7: Global: Utility Billing Software Market: Breakup by Region (in %), 2021
Figure 8: Global: Utility Billing Software (On-premises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Utility Billing Software (On-premises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Utility Billing Software (Cloud-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Utility Billing Software (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Utility Billing Software (Platform as a Service) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Utility Billing Software (Platform as a Service) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Utility Billing Software (Infrastructure as a Service) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Utility Billing Software (Infrastructure as a Service) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Utility Billing Software (Software as a Service) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Utility Billing Software (Software as a Service) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Utility Billing Software (Water) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Utility Billing Software (Water) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Utility Billing Software (Power Distribution) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Utility Billing Software (Power Distribution) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Utility Billing Software (Oil and Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Utility Billing Software (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Utility Billing Software (Telecommunication) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Utility Billing Software (Telecommunication) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Utility Billing Software (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Utility Billing Software (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: North America: Utility Billing Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: North America: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: United States: Utility Billing Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: United States: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Canada: Utility Billing Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Canada: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Asia-Pacific: Utility Billing Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Asia-Pacific: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: China: Utility Billing Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: China: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Japan: Utility Billing Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Japan: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: India: Utility Billing Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: India: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: South Korea: Utility Billing Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: South Korea: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Australia: Utility Billing Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Australia: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Indonesia: Utility Billing Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Indonesia: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Others: Utility Billing Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Others: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Europe: Utility Billing Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Europe: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Germany: Utility Billing Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Germany: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: France: Utility Billing Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: France: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: United Kingdom: Utility Billing Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: United Kingdom: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Italy: Utility Billing Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Italy: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Spain: Utility Billing Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Spain: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Russia: Utility Billing Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Russia: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Others: Utility Billing Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Others: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Latin America: Utility Billing Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Latin America: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Brazil: Utility Billing Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Brazil: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Mexico: Utility Billing Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Mexico: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Others: Utility Billing Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Others: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Middle East and Africa: Utility Billing Software Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Middle East and Africa: Utility Billing Software Market: Breakup by Country (in %), 2021
Figure 76: Middle East and Africa: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Global: Utility Billing Software Industry: SWOT Analysis
Figure 78: Global: Utility Billing Software Industry: Value Chain Analysis
Figure 79: Global: Utility Billing Software Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Utility Billing Software Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Utility Billing Software Market Forecast: Breakup by Deployment Mode (in Million US$), 2022-2027
Table 3: Global: Utility Billing Software Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 4: Global: Utility Billing Software Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Utility Billing Software Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Utility Billing Software Market: Competitive Structure
Table 7: Global: Utility Billing Software Market: Key Players


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Key Questions Answered in This Report

The global utility billing software market was valued at US$ 4.61 Billion in 2021.

We expect the global utility billing software market to exhibit a CAGR of 8.60% during 2022-2027.

The sudden outbreak of the COVID-19 pandemic has led to the rising utilization for utility billing software, owing to the changing consumer inclination from conventionally used bill paying methods towards online bill paying methods to combat the transmission of the coronavirus infection upon human interaction.

The increasing integration of cloud computing and IoT solutions to meet the evolving dynamics of the utility industry and to enhance the overall operational efficiency at reduced costs, is primarily driving the global utility billing software market.

Based on the deployment mode, the global utility billing software market has been segmented into on-premises and cloud-based. Currently, cloud-based holds the majority of the total market share.

Based on the end user, the global utility billing software market can be divided into water, power distribution, oil and gas, telecommunication, and others. Among these, the power distribution sector exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global utility billing software market include Continental Utility Solutions Inc., ePsolutions Inc., Exceleron Software, Harris Computer (Constellation Software Inc.), Jayhawk Software Inc., Jendev Corporation, Methodia Group, Oracle Corporation, Sigma Software Solutions Inc., SkyBill SIA, and Utilibill Pvt. Ltd.

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