The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Rising cloud deployment and acceptance are likely to encourage innovation in utility billing software production, propelling the market over the forecast period.

The global utility billing software market 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 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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Global Utility Billing Software Market Segments Include:

• By Type: Platform as a Service, Infrastructure as a Service, Software as a Service
• By Deployment Mode: On-Premises, Cloud-Based
• By End-User: Water, Power Distribution, Oil and Gas, Telecommunication, Other End-User
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global utility billing software market in 2021.

Major Market Players in the utility billing software market include SkyBill SIA, Banyon Data Systems Inc., Oracle Corporation, Jendev, Cogsdale Corporation, Enghouse Networks, CUSI, Link Computer Corporation.

The primary trend gaining traction in the utilities billing software industry is technological improvement. To stay competitive, major players in the utilities billing software market are focusing on inventing innovative technologies. Advanced Utility Systems, a Canadian provider of customer information and billing solutions, for example, unveiled the Infinity Customer Information System (CIS) Browser, a cloud-based customer information and billing software platform, in May 2022. The Infinity Customer Information System (CIS) is distinguished by its unrivalled functionality availability, which enables utilities to achieve all of their requirements and more. It is a cutting-edge, cloud-based customer information and billing platform that is revolutionising utilities’ field workforce management, customer experience, customer service, and billing processes. With Infinity CIS, utilities may improve first-call resolution, access and distribute timely information to customers, enable varied working environments, and much more.

The Utility Billing Software Global Market Report 2023  provides a utility billing software market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The utility billing software market forecast analyzes utility billing software market size, utility billing software market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Utility billing software refers to integrated platforms designed for utility companies to reduce costs while providing excellent service. Utility billing software is used to assist providers in tracking the usage of utilities such as water, gas, electricity, wastewater, and sanitation.

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