Utility Bill Management System Market - Global Industry Analysis

Utility Bill Management System Market Size - By Component (Software and Services), By Application (Home Energy Management System, Industrial Energy Management System, and Building Energy Management System), By End-User (Residential and Commercial), And By Region- Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Published Date: 29-Apr-2021 Category: Energy & Mining Report Format : PDF Pages: 150 Report Code: ZMR-6184 Status : Published

The global Utility Bill Management System market accrued earnings worth approximately 3.5(USD Billion) in 2019 and is predicted to gain revenue of about 7.6 (USD Billion) by 2026, is set to record a CAGR of nearly 5.2% over the period from 2020 to 2026.

Description

The global Utility Bill Management System market accrued earnings worth approximately 3.5(USD Billion) in 2019 and is predicted to gain revenue of about 7.6 (USD Billion) by 2026, is set to record a CAGR of nearly 5.2% over the period from 2020 to 2026. The report offers assessment and analysis of the Utility Bill Management System market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).

Overview

Utility bill management system is a kind of computer aided tool that can be utilized by electric utility grid for optimizing, regulating, and monitoring the transmission and performance of the system. The beneficial features of the system include expense tracking, budget creation, invoice management, budget tracking, contract management, and benchmarking. These systems also help in fault determination, load forecasts, state emission, and data analytics.

Market Growth Drivers

Massive necessity of exact bill creation coupled with increase in the acceptance of smart meters by emerging economies will drive the expansion of utility bill management system industry over 2020-2026. Apart from this, surge in the charges of electricity bills and requirement of proficient energy tools will embellish the business landscape over the forecast timeline. With incremental surge in energy crises and need for huge electricity supply for factories and manufacturing sector in developing countries, the market for utility bill management system is likely to expedite in the near future. Humungous demand for utility billing software due to its proficiency in handling end-user data along with focus on enhancing customer service will speed up the growth of the industry. Demand for effective account management, consumer management, metering & billing management, online payment processing, processing of digital payments, and penalty block processing will elevate utility bill management system industry value within the next few years.

North American Market Size To Witness Exponential Growth By 2026

The regional market expansion over the assessment period is due to presence of advanced utility infrastructure in the countries such as the U.S. Furthermore, use of standard protocols for billing utility bills in the U.S. is will pave a way for the regional market growth.  Big data, machine learning, AI, and Deep Learning have made utility bill management systems more popular in the region. Additionally, rise in the investments for improving network infrastructure facility will embellish the utility bill management system market landscape in North America during the forthcoming years.

Report Scope :

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Key players profiled in the study include SkyBill SIA, Snappii Apps, Cogsdale, Enghouse Networks, Creative Technologies, Intedata Systems, TAK Technology, United Systems Technology, Oracle, ABIS, SmartGridCIS, and Banyon Data Systems.

The global Utility Bill Management System Market is segmented as follows:

By Application

  • Home Energy Management System
  • Industrial Energy Management System
  • Building Energy Management System

By Component

  • Software
  • Services

By End-User

  • Residential
  • Commercial

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Preface
    • 1.1. Report Description and Scope
    • 1.2. Research Scope
    • 1.3. Research Methodology
      • 1.3.1. Market Research Type
      • 1.3.2. Market Research Methodology
  • Chapter 2. Executive Summary
    • 2.1. Utility Bill Management System Market, 2016–2026(USD Billion)
    • 2.2. Utility Bill Management System Market: Snapshot
  • Chapter 3. Global Utility Bill Management System Market– Industry Analysis
    • 3.1. Utility Bill Management System Market: Market Dynamics
    • 3.2. Market Drivers
      • 3.2.1. Massive necessity of exact bill creation coupled with increase in the acceptance of smart meters by emerging economies will drive the expansion of utility bill management system industry over 2020-2026.
      • 3.2.2. Surge in the charges of electricity bills and requirement of proficient energy touls will embellish the business sphere over the forecast timeline.
    • 3.3. Porter’s Five Forces Analysis
    • 3.4. Market Attractiveness Analysis
      • 3.4.1. Market attractiveness analysis By Component
      • 3.4.2. Market attractiveness analysis By Application
      • 3.4.3. Market attractiveness analysis By End-User
  • Chapter 4. Global Utility Bill Management System Market– Competitive Landscape
    • 4.1. Company market share analysis
      • 4.1.1. Global Utility Bill Management System Market: company market share, 2019
    • 4.2. Strategic development
      • 4.2.1. Acquisitions & mergers
      • 4.2.2. New Technology launches
      • 4.2.3. Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4. Research and development and Regional expansion
    • 4.3. Price trend analysis
  • Chapter 5. Global Utility Bill Management System Market– Component Analysis
    • 5.1. Global Utility Bill Management System Market overview: By Component
      • 5.1.1. Global Utility Bill Management System Market share, By Component , 2019 and 2026
    • 5.2. Software
      • 5.2.1. Global Utility Bill Management System Marketby Software, 2016–2026(USD Billion)
    • 5.3. Services
      • 5.3.1. Global Utility Bill Management System Market by Services, 2016–2026(USD Billion)
  • Chapter 6. Global Utility Bill Management System Market– Application Analysis
    • 6.1. Global Utility Bill Management System Market overview: By Application
      • 6.1.1. Global Utility Bill Management System Market share, By Application , 2019 and 2026
    • 6.2. Home Energy Management System
      • 6.2.1. Global Utility Bill Management System Market by Home Energy Management System, 2016–2026(USD Billion)
    • 6.3. Industrial Energy Management System
      • 6.3.1. Global Utility Bill Management System Market by Industrial Energy Management System, 2016–2026(USD Billion)
    • 6.4. Building Energy Management System
      • 6.4.1. Global Utility Bill Management System Market by Building Energy Management System, 2016–2026(USD Billion)
  • Chapter 7. Global Utility Bill Management System Market– End-User
    • 7.1. Global Utility Bill Management System Market overview: By End-User
      • 7.1.1. Global Utility Bill Management System Market share, By End-User , 2019 and 2026
    • 7.2. Residential
      • 7.2.1. Global Utility Bill Management System Market by Residential, 2016–2026(USD Billion)
    • 7.3. Commercial
      • 7.3.1. Global Utility Bill Management System Market by Commercial, 2016–2026(USD Billion)
  • Chapter 8. Company Profiles
    • 8.1. SkyBill SIA
      • 8.1.1. Overview
      • 8.1.2. Financials
      • 8.1.3. Technology Portfolio
      • 8.1.4. Business Strategy
      • 8.1.5. Recent Developments
    • 8.2. Snappii Apps
      • 8.2.1. Overview
      • 8.2.2. Financials
      • 8.2.3. Technology Portfolio
      • 8.2.4. Business Strategy
      • 8.2.5. Recent Developments
    • 8.3. Cogsdale
      • 8.3.1. Overview
      • 8.3.2. Financials
      • 8.3.3. Technology Portfolio
      • 8.3.4. Business Strategy
      • 8.3.5. Recent Developments
    • 8.4. Enghouse Networks
      • 8.4.1. Overview
      • 8.4.2. Financials
      • 8.4.3. Technology Portfolio
      • 8.4.4. Business Strategy
      • 8.4.5. Recent Developments
    • 8.5. Creative Technulogies
      • 8.5.1. Overview
      • 8.5.2. Financials
      • 8.5.3. Technology Portfolio
      • 8.5.4. Business Strategy
      • 8.5.5. Recent Development
    • 8.6. Intedata Systems
      • 8.6.1. Overview
      • 8.6.2. Financials
      • 8.6.3. Technology Portfolio
      • 8.6.4. Business Strategy
      • 8.6.5. Recent Development
    • 8.7. TAK Technology
      • 8.7.1. Overview
      • 8.7.2. Financials
      • 8.7.3. Technology Portfolio
      • 8.7.4. Business Strategy
      • 8.7.5. Recent Development
    • 8.8. United Systems Technology
      • 8.8.1. Overview
      • 8.8.2. Financials
      • 8.8.3. Technology Portfolio
      • 8.8.4. Business Strategy
      • 8.8.5. Recent Development
    • 8.9. ABIS
      • 8.9.1. Overview
      • 8.9.2. Financials
      • 8.9.3. Technology Portfolio
      • 8.9.4. Business Strategy
      • 8.9.5. Recent Development
    • 8.10. SmartGridCIS
      • 8.10.1. Overview
      • 8.10.2. Financials
      • 8.10.3. Technology Portfolio
      • 8.10.4. Business Strategy
      • 8.10.5. Recent Development
    • 8.11. Banyon Data Systems
      • 8.11.1. Overview
      • 8.11.2. Financials
      • 8.11.3. Technology Portfolio
      • 8.11.4. Business Strategy
      • 8.11.5. Recent Development
    • 8.12. Oracle
      • 8.12.1. Overview
      • 8.12.2. Financials
      • 8.12.3. Technology Portfolio
      • 8.12.4. Business Strategy
      • 8.12.5. Recent Development

List of Figures

1. Market research Type
2. Market research methodology
3. Global Utility Bill Management System   Market, 2016–2026(USD Billion)
4. Porter’s Five Forces Analysis
5. Global Utility Bill Management System   Marketattractiveness, By Component 
6. Global Utility Bill Management System   Marketattractiveness, By Application
7. Global Utility Bill Management System   Marketattractiveness, By End-User 
8. Global Utility Bill Management System   Marketshare by Component ,2019 and 2026 (USD Billion)
9. Global Utility Bill Management System   Marketby Software, 2016–2026(USD Billion)
10. Global Utility Bill Management System   Marketby Services, 2016–2026(USD Billion)
11. Global Utility Bill Management System   Marketshare by Application ,2019 and 2026 (USD Billion)
12. Global Utility Bill Management System   Marketby Home Energy Management System, 2016–2026(USD Billion)
13. Global Utility Bill Management System   Marketby Industrial Energy Management System, 2016–2026(USD Billion)
14. Global Utility Bill Management System   Marketby Building Energy Management System, 2016–2026(USD Billion)
15. Global Utility Bill Management System   Marketshare by End-User ,2019 and 2026 (USD Billion)
16. Global Utility Bill Management System   Marketby Commercial, 2016–2026(USD Billion)
17. Global Utility Bill Management System   Marketby Residential, 2016–2026(USD Billion)
18. Global Utility Bill Management System   Marketshare, by Region, 2019 and 2026
19. North America Utility Bill Management System   Market, 2016–2026(USD Billion)
20. Europe Utility Bill Management System   Market, 2016–2026(USD Billion)
21. Asia Pacific Utility Bill Management System   Market, 2016–2026(USD Billion)
22. Latin America Utility Bill Management System   Market, 2016–2026(USD Billion)
23. The Middle East and Africa Utility Bill Management System   Market, 2016–2026(USD Billion)
 


List of Tables

1. Global Utility Bill Management System   Market: snapshot
2. Drivers of the Utility Bill Management System   Market: impact analysis
3. North America Utility Bill Management System   Market revenue, By Component  ,2016–2026(USD Billion)
4. North America Utility Bill Management System   Market revenue, By Application  ,2016–2026(USD Billion)
5. North America Utility Bill Management System   Market revenue, By End-User  ,2016–2026(USD Billion)
6. The U.S. Utility Bill Management System   Market revenue, By Component  ,2016–2026(USD Billion)
7. The U.S. Utility Bill Management System   Market revenue, By Application  ,2016–2026(USD Billion)
8. The U.S. Utility Bill Management System   Market revenue, By End-User  ,2016–2026(USD Billion)
9. Rest of North America Utility Bill Management System   Market revenue, By Component  ,2016–2026(USD Billion)
10. Rest of North America Utility Bill Management System   Market revenue, By Application  ,2016–2026(USD Billion)
11. Rest of North America Utility Bill Management System   Market revenue, By End-User  ,2016–2026(USD Billion)
12. Europe Utility Bill Management System   Market revenue, By Component  ,2016–2026(USD Billion)
13. Europe Utility Bill Management System   Market revenue, By Application  ,2016–2026(USD Billion)
14. Europe Utility Bill Management System   Market revenue, By End-User  ,2016–2026(USD Billion)
15. UK Utility Bill Management System   Market revenue, By Component  ,2016–2026(USD Billion)
16. UK Utility Bill Management System   Market revenue, By Application  ,2016–2026(USD Billion)
17. UK Utility Bill Management System   Market revenue, By End-User  ,2016–2026(USD Billion)
18. France Utility Bill Management System   Market revenue, By Component  ,2016–2026(USD Billion)
19. France Utility Bill Management System   Market revenue, By Application  ,2016–2026(USD Billion)
20. France Utility Bill Management System   Market revenue, By End-User  ,2016–2026(USD Billion)
21. Germany Utility Bill Management System   Market revenue, By Component  ,2016–2026(USD Billion)
22. Germany Utility Bill Management System   Market revenue, By Application  ,2016–2026(USD Billion)
23. Germany Utility Bill Management System   Market revenue, By End-User  ,2016–2026(USD Billion)
24. Rest of Europe Utility Bill Management System   Market revenue, By Component  ,2016–2026(USD Billion)
25. Rest of Europe Utility Bill Management System   Market revenue, By Application  ,2016–2026(USD Billion)
26. Rest of Europe Utility Bill Management System   Market revenue, By End-User  ,2016–2026(USD Billion)
27. Asia Pacific Utility Bill Management System   Market revenue, By Component  ,2016–2026(USD Billion)
28. Asia Pacific Utility Bill Management System   Market revenue, By Application  ,2016–2026(USD Billion)
29. Asia Pacific Utility Bill Management System   Market revenue, By End-User  ,2016–2026(USD Billion)
30. China Utility Bill Management System   Market revenue, By Component  ,2016–2026(USD Billion)
31. China Utility Bill Management System   Market revenue, By Application  ,2016–2026(USD Billion)
32. China Utility Bill Management System   Market revenue, By End-User  ,2016–2026(USD Billion)
33. Japan Utility Bill Management System   Market revenue, By Component  ,2016–2026(USD Billion)
34. Japan Utility Bill Management System   Market revenue, By Application  ,2016–2026(USD Billion)
35. Japan Utility Bill Management System   Market revenue, By End-User  ,2016–2026(USD Billion)
36. India Utility Bill Management System   Market revenue, By Component  ,2016–2026(USD Billion)
37. India Utility Bill Management System   Market revenue, By Application  ,2016–2026(USD Billion)
38. India Utility Bill Management System   Market revenue, By End-User  ,2016–2026(USD Billion)
39. Rest of Asia Pacific Utility Bill Management System   Market revenue, By Component  ,2016–2026(USD Billion)
40. Rest of Asia Pacific Utility Bill Management System   Market revenue, By Application  ,2016–2026(USD Billion)
41. Rest of Asia Pacific Utility Bill Management System   Market revenue, By End-User  ,2016–2026(USD Billion)
42. Latin America Utility Bill Management System   Market revenue, By Component  ,2016–2026(USD Billion)
43. Latin America Utility Bill Management System   Market revenue, By Application  ,2016–2026(USD Billion)
44. Latin America Utility Bill Management System   Market revenue, By End-User  ,2016–2026(USD Billion)
45. Brazil Utility Bill Management System   Market revenue, By Component  ,2016–2026(USD Billion)
46. Brazil Utility Bill Management System   Market revenue, By Application  ,2016–2026(USD Billion)
47. Brazil Utility Bill Management System   Market revenue, By End-User  ,2016–2026(USD Billion)
48. Rest of Latin America Utility Bill Management System   Market revenue, By Component  ,2016–2026(USD Billion)
49. Rest of Latin America Utility Bill Management System   Market revenue, By Application  ,2016–2026(USD Billion)
50. Rest of Latin America Utility Bill Management System   Market revenue, By End-User  ,2016–2026(USD Billion)
51. The Middle East and Africa Utility Bill Management System   Market revenue, By Component  ,2016–2026(USD Billion)
52. The Middle East and Africa Utility Bill Management System   Market revenue, By Application  ,2016–2026(USD Billion)
53. The Middle East and Africa Utility Bill Management System   Market revenue, By End-User  ,2016–2026(USD Billion)
54. Saudi Arabia Utility Bill Management System   Market revenue, By Component  ,2016–2026(USD Billion)
55. Saudi Arabia Utility Bill Management System   Market revenue, By Application  ,2016–2026(USD Billion)
56. Saudi Arabia Utility Bill Management System   Market revenue, By End-User  ,2016–2026(USD Billion)
57. South Africa Utility Bill Management System   Market revenue, By Component  ,2016–2026(USD Billion)
58. South Africa Utility Bill Management System   Market revenue, By Application  ,2016–2026(USD Billion)
59. South Africa Utility Bill Management System   Market revenue, By End-User  ,2016–2026(USD Billion)
60. Rest of the Middle East & Africa Utility Bill Management System   Market revenue, By Component  ,2016–2026(USD Billion)
61. Rest of the Middle East & Africa Utility Bill Management System   Market revenue, By Application  ,2016–2026(USD Billion)
62. Rest of the Middle East & Africa Utility Bill Management System   Market revenue, By End-User  ,2016–2026(USD Billion)


 
 

Methodology


Frequently Asked Questions

Massive necessity of exact bill creation coupled with increase in the acceptance of smart meters by emerging economies will drive the expansion of utility bill management system industry over 2020-2026. Apart from this, surge in the charges of electricity bills and requirement of proficient energy tools will embellish the business landscape over the forecast timeline. With incremental surge in energy crises and need for huge electricity supply for factories and manufacturing sector in developing countries, the market for utility bill management system is likely to expedite in the near future. Humungous demand for utility billing software due to its proficiency in handling end-user data along with focus on enhancing customer service will speed up the growth of the industry. Demand for effective account management, consumer management, metering & billing management, online payment processing, processing of digital payments, and penalty block processing will elevate utility bill management system industry value within the next few years.

According to Zion market research report, the global Utility Bill Management System market accrued earnings worth approximately 3.5(USD Billion) in 2019 and is predicted to gain revenue of about  7.6 (USD Billion) by 2026, is set to record a CAGR of nearly 5.2% over the period from 2020 to 2026.

Asia Pacific continent will contribute lucratively towards the global market size over the estimated timeline. The regional market surge is due to presence of advanced utility infrastructure in the countries such as the U.S. Furthermore, use of standard protocols for billing utility bills in the U.S. is will pave a way for the regional market growth. Big data, machine learning, AI, and Deep Learning have made utility bill management systems more popular in the region. Additionally, rise in the investments for improving network infrastructure facility will embellish the utility bill management system market landscape in North America during the forthcoming years.

The key market participants include SkyBill SIA, Snappii Apps, Cogsdale, Enghouse Networks, Creative Technologies, Intedata Systems, TAK Technology, United Systems Technology, Oracle, ABIS, SmartGridCIS, and Banyon Data Systems.

Choose License Type

Request the coronavirus impact analysis across industries and markets

HappyClients

Office Address

Corporate Office

Zion Market Research 244 Fifth Avenue, Suite N202 New York, 10001, United States
Tel: +49-322 210 92714
USA/Canada Toll Free No.1-855-465-4651

Asia Pacific Office

3rd Floor, Mrunal Paradise, Opp Maharaja Hotel, Pimple Gurav, Pune 411061, Maharashtra, India
Phone No 020-46277770

Contact #

US OFFICE NO +1-386-310-3803
US/CAN TOLL FREE +1-855-465-4651
Email: sales@zionmarketresearch.com

We Are On Social