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

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

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:


Breakup by Type:

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

Breakup by End User:

Power Distribution
Oil and Gas

Breakup by Region:

North America
United States
South Korea
United Kingdom
Latin America
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 Market Trends Market Forecast
  9.1.2 Canada Market Trends Market Forecast
9.2 Asia-Pacific
  9.2.1 China Market Trends Market Forecast
  9.2.2 Japan Market Trends Market Forecast
  9.2.3 India Market Trends Market Forecast
  9.2.4 South Korea Market Trends Market Forecast
  9.2.5 Australia Market Trends Market Forecast
  9.2.6 Indonesia Market Trends Market Forecast
  9.2.7 Others Market Trends Market Forecast
9.3 Europe
  9.3.1 Germany Market Trends Market Forecast
  9.3.2 France Market Trends Market Forecast
  9.3.3 United Kingdom Market Trends Market Forecast
  9.3.4 Italy Market Trends Market Forecast
  9.3.5 Spain Market Trends Market Forecast
  9.3.6 Russia Market Trends Market Forecast
  9.3.7 Others Market Trends Market Forecast
9.4 Latin America
  9.4.1 Brazil Market Trends Market Forecast
  9.4.2 Mexico Market Trends Market Forecast
  9.4.3 Others Market Trends 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. Company Overview Product Portfolio
  14.3.2 ePsolutions Inc. Company Overview Product Portfolio
  14.3.3 Exceleron Software Company Overview Product Portfolio
  14.3.4 Harris Computer (Constellation Software Inc.) Company Overview Product Portfolio
  14.3.5 Jayhawk Software Inc. Company Overview Product Portfolio
  14.3.6 Jendev Corporation Company Overview Product Portfolio
  14.3.7 Methodia Group Company Overview Product Portfolio
  14.3.8 Oracle Corporation Company Overview Product Portfolio Financials SWOT Analysis
  14.3.9 Sigma Software Solutions Inc. Company Overview Product Portfolio
  14.3.10 SkyBill SIA Company Overview Product Portfolio
  14.3.11 Utilibill Pvt. Ltd. Company Overview Product Portfolio

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