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Utility Billing Software Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

March 2023 | 143 pages | ID: U8043D0B273EEN
IMARC Group

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The global utility billing software market size reached US$ 5.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 8.4 Billion by 2028, exhibiting a growth rate (CAGR) of 8.3% during 2023-2028.

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.

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 report, along with forecasts at the global, regional and country level from 2023-2028. 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:

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:

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.

Key Questions Answered in This Report

1. What was the size of the global utility billing software market in 2022?
2. What is the expected growth rate of the global utility billing software market during 2023-2028?
3. What has been the impact of COVID-19 on the global utility billing software market?
4. What are the key factors driving the global utility billing software market?
5. What is the breakup of the global utility billing software market based on the deployment mode?
6. What is the breakup of the global utility billing software market based on the end user?
7. What are the key regions in the global utility billing software market?
8. Who are the key players/companies in the global utility billing software market?
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 TABLES

Table 1: Global: Utility Billing Software Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Utility Billing Software Market Forecast: Breakup by Deployment Mode (in Million US$), 2023-2028
Table 3: Global: Utility Billing Software Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 4: Global: Utility Billing Software Market Forecast: Breakup by End User (in Million US$), 2023-2028
Table 5: Global: Utility Billing Software Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Utility Billing Software Market: Competitive Structure
Table 7: Global: Utility Billing Software Market: Key Players


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$), 2017-2022
Figure 3: Global: Utility Billing Software Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Utility Billing Software Market: Breakup by Deployment Mode (in %), 2022
Figure 5: Global: Utility Billing Software Market: Breakup by Type (in %), 2022
Figure 6: Global: Utility Billing Software Market: Breakup by End User (in %), 2022
Figure 7: Global: Utility Billing Software Market: Breakup by Region (in %), 2022
Figure 8: Global: Utility Billing Software (On-premises) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Utility Billing Software (On-premises) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Utility Billing Software (Cloud-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Utility Billing Software (Cloud-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Utility Billing Software (Platform as a Service) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Utility Billing Software (Platform as a Service) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Utility Billing Software (Infrastructure as a Service) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Utility Billing Software (Infrastructure as a Service) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Utility Billing Software (Software as a Service) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Utility Billing Software (Software as a Service) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Utility Billing Software (Water) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Utility Billing Software (Water) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Utility Billing Software (Power Distribution) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Utility Billing Software (Power Distribution) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Utility Billing Software (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Utility Billing Software (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Utility Billing Software (Telecommunication) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Utility Billing Software (Telecommunication) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Utility Billing Software (Other End Users) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Utility Billing Software (Other End Users) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: North America: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: North America: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: United States: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: United States: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Canada: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Canada: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Asia-Pacific: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Asia-Pacific: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: China: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: China: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Japan: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Japan: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: India: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: India: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: South Korea: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: South Korea: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Australia: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Australia: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Indonesia: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Indonesia: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Others: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Others: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Europe: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Europe: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Germany: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Germany: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: France: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: France: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: United Kingdom: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: United Kingdom: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Italy: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Italy: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Spain: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Spain: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Russia: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Russia: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Others: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Others: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Latin America: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Latin America: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Brazil: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Brazil: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Mexico: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Mexico: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Others: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Others: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Middle East and Africa: Utility Billing Software Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Middle East and Africa: Utility Billing Software Market: Breakup by Country (in %), 2022
Figure 76: Middle East and Africa: Utility Billing Software Market Forecast: Sales Value (in Million US$), 2023-2028
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


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