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Utility Billing Systems and Software Market Size, Share, Trends, Global Industry Overview, Demand, Growth and Forecast 2030 Top Companies are Rural Billing, Diversified Billing, QuikWater, SOFTWater, Snappii
Utility Billing Systems and Software Market Growth
Utility Billing software aids in invoicing customers of utility services, such as gas, water, electricity, and more. Utility companies use this type of software to record usage data from meters and pair them with a billing rate in order to determine the appropriate charge for a customer each billing period. Utility Billing software can come as a stand-alone solution to provide core needs such as reading meters and calculating billing amounts. It can also come as a fully integrated option with back-end accounting to manage every aspect of your utility operation.
Growing demand for natural resources and rapid urbanization, the need for managing utility bills, and the implementation of smart grid technology are some of the factors driving growth of the market.
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Key Players Covered in Utility Billing Systems and Software market report are:
CIS Utility Billing
Invoiced
El Dorado Utility Billing
Snappii
Muni-Link
Rural Billing
Diversified Billing
QuikWater
SOFTWater
Tridens Monetization
AMCS Utility Billing
Crestline Software.
The utility billing systems and software market is segmented on the basis of type, application, and geography. The software segment is expected to remain the largest segment, followed by the hardware and services segments. By application, the market is divided into water/waste water, electric/power, gas, and others, wherein electric/power was the largest application segment in 2016 and is expected to lead the market in the coming years as well.
Utility Billing Systems and Software Market Segmentation as Follows:
Segmentation by type
Cloud-based
On-premise
Segmentation by application
Small Utilities Companies
Mid-Sized Utility Operations
Large Utility Service Providers
Segmented by Region/Country
North America
Europe
China
Japan
Asia Other
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The introduction of smart grid technology is one of the major factors driving the growth of the Global Utility Billing Systems and Software Market. Smart grid technology is gaining traction among the utility providers, commercial, residential, and industrial consumers, driving their demand for highly accurate, automated utility billing systems and software. Smart meter infrastructure enables utility companies to monitor energy use and unbundled energy generating sources. The smart grid technology is also providing access to real time data and thus resulting in increased demand for advanced billing software solutions in order to maintain customers' billing records and data.
The Asia Pacific region is estimated to witness the highest growth in the coming years due to the growing need for managing the bills of natural resources and rising population, the implementation of smart grid technology, and the development of smart cities in the developing countries such as India and China. Europe is expected to witness significant growth followed by North America.
Global players in the Global Utility Billing Systems and Software Market include Oracle Corporation, Microsoft Corporation, SAP SE, Teradata Corporation, Advanced Utility Systems, EnerNOC, Enoro AS, Aclara Technologies, C3 Energy, SAS Institute Inc., and others.
Table of Content - Analysis of Key Points
Chapter 1. Executive Summary
Chapter 2. Global Market Definition and Scope
Chapter 3. Global Market Dynamics
Chapter 4. Global Utility Billing Systems and Software Market Industry Analysis
Chapter 5. Utility Billing Systems and Software Global Market, by Type
Chapter 6. Utility Billing Systems and Software Global Market, by Application
Chapter 7. Utility Billing Systems and Software Global Market, Regional Analysis
Chapter 8. Competitive Intelligence
Chapter 9. Key Companies Analysis
Chapter 10. Covid-19 Impact Analysis
Chapter 11. Russia-Ukraine War Consequence
Chapter 12. Risk Analysis of Global Recession in 2023
Chapter 13. Research Process
Continued…
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