The Utility Billing Software Global Market Report 2023, provides comprehensive information on the utility billing software market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Utility Billing Software Global Market Report 2023, the global utility billing software market size is expected to grow from $4.51 billion in 2022 to $5.00 billion in 2023 at a compound annual growth rate (CAGR) of 10.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global utility billing software market size is expected to grow to $7.40 billion in 2027 at a CAGR of 10.3%.
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Technological advancement is the key trend gaining popularity in the utility billing software market. Major companies operating in the utility billing software market are focusing on developing new technologies to sustain in the market. For instance, in May 2022, Advanced Utility Systems, a Canada-based provider of customer information and billing solutions, launched the Infinity Customer Information System (CIS) Browser, a cloud-based customer information and billing software platform. The unique feature of the Infinity Customer Information System (CIS) is its unrivaled functionality availability, which enables utilities to meet all of their needs and even more. It is a modern, cloud-based platform for customer information and billing that plays a key role in revolutionizing utilities’ field workforce management, customer experience, and customer service and billing processes. Utilities can enhance first-call resolution, access and deliver timely information to customers, support diverse working environments, and more with Infinity CIS.
The utility billing software market 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
North America was the largest region in the utility billing software market in 2022.
The table of contents in TBRC’s utility billing software market report includes:
- Executive Summary
- Utility Billing Software Market Characteristics
- Utility Billing Software Market Trends And Strategies
- Utility Billing Software Market – Macro Economic Scenario
- Utility Billing Software Market Size And Growth
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- Africa Utility Billing Software Market
- Utility Billing Software Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Utility Billing Software Market
- Utility Billing Software Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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