Utility Management Systems Software Market 2019 Trends, Market Share, Industry Size, Opportunities, Analysis and Forecast To 2025

2020-03-19 06:24:14

(MENAFN- iCrowdNewsWire) Mar 19, 2020

Utility Management Systems Software Market - 2019-2025

Market Overview

Utility Management Systems help electric, gas, water, sewer and waste management companies to run all aspects of their operations, from billing to customer outreach.

The Utility Management Systems Software market is expected to grow at a CAGR of 8.32% during the forecast period (2019 - 2025). Utilities comprise of effective billing and collection systems. The rapidly changing industrial environment, the presence of digitally advanced consumers, and the convergence of digital devices and technologies along with traditional business processes are increasingly making it complex for the utility industry.

In order to deliver services at par to match the rising expectations for effective services, the customer information systems, and the current legacy billing systems are not suitable in the long term. Utilities are switching to various smart billing software products that are capable of handling every aspect of a service lifecycle from connection, rating, and meter reading to bill generation, payment processing, collection, and fieldwork. Highly scalable Utility Management Systems Software also has the capability of managing customer information and helps to improve customer services by allowing utilities to more effectively serve the consumers and stay ahead of the competition. All these factors are responsible for aiding the increasing demand for a variety of Utility Management Systems Software.

There is an increasing improvement in legacy billing systems, which is one of the crucial factors driving the global Utility Management Systems Software market. The rising adoption of smart grid technology such as smart meters in the electrical power supply industry has increased complexity level in the billing and collection infrastructure for utilities. Due to the changing business dynamics, many services are switching to more adaptable and scalable Utility Management Systems Software. This particular trend is expected to increase in the upcoming years, and a large number of utilities will begin to adopt Utility Management Systems Software.

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The following manufacturers are covered:
ETAP
Harris Utilities
Central Service Association
Stellar Information Technology
NEXGEN Utility Management
Methodia
Capricorn Systems
Daupler
Dropcountr
novotX
EnSite
ANB Systems
Katapult Engineering

Scope of the Report

Utility Management Systems Software is used to provide an effective billing solution to help municipalities and officials manage their daily operations. This software provides an effective billing, and the collection system forms the core of successful utility businesses. Utility bills usually refer to water, electricity and gas bills. It can also include bills for essential services such as those provided by the council like sewer services.

This report provides comprehensive analysis of
Key market segments and sub-segments
Evolving market trends and dynamics
Changing supply and demand scenarios
Quantifying market opportunities through market sizing and market forecasting
Tracking current trends/opportunities/challenges
Competitive insights
Opportunity mapping in terms of technological breakthroughs

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Key Market Trends

Electric Industry Expected to Hold Significant Share in the Market

Electricity billing had evolved from the days when utilities gathered monthly energy consumption data to produce a paper invoice that they sent to customers via mail. Use of smart meters, such as two communicating meters makes it more readily adoptable to streamline the process.
For instances, Starnik which is a software company for the utility billing provides cloud-based electricity billing software for the modern day utility industry. The incredibly innovative electricity billing software of the company has helped to revolutionize the way utilities collect and process daily usage and billing data. With the electricity billing software developed by the company, it is easy to receive and store 15-minute interval reading from the smart grid-enabled devices.
Data West which provides software products for the needs of the utility industry has its own electric Utility Management Systems Software Bill Master. This electric Utility Management Systems Software is crafted with the needs of electric clients firmly in mind. The company has extensive experience in the electricity industry and has provided the practical, real-world knowledge of electric utility needs, processes, and practices necessary to pack Bill Master with precisely the features and functions that the utility needs.

North America Expected to Have Significant Market Share

North America is expected to have significant market share due to the advanced utility infrastructure in this region and the availability of funds for supporting the switch to operational advancements. Further, the presence of the cup[porting critical infrastructure makes it easy to introduce these solutions in the market.
Utility businesses in this region are also focused on effective consumer services to stay ahead of the increasing competition. Advanced billing software is also a norm in the utility industry in this region owing to the high integration of digital platforms like social media, mobile devices, web portals, and the presence of digitally literate consumers.
Central square Technologies which is a software company based in North America provides technology solutions for various utilities. USTI develops, supports and markets integrated municipal government software throughout the United States and Canada. USTI is considered as the national leader in integrated municipal government software with over 900 customers using its asyst products.

Competitive Landscape

The Utility Management Systems Software market is neither fragmented nor consolidated allowing to have multiple vendors present in the market. the lack of control of any player on the supply chain has helped in creating such a market. There are various mergers and acquisitions taking place in this market, and new innovations in terms of technology are expected to propel the growth of the market.

Customization of the Report

Value chain analysis
Consumer behavior analysis at country level

The report includes six parts, dealing with:
1.) basic information;
2.) the Asia Utility Management Systems Software Speaker Market;
3.) the North American Utility Management Systems Software Speaker Market;
4.) the European Utility Management Systems Software Speaker Market;
5.) market entry and investment feasibility;
6.) the report conclusion.

Table of Content:

1 Study Coverage

2 Executive Summary

3 Breakdown Data by Manufacturers

4 Breakdown Data by Type

5 Breakdown Data by Application

…

11 Company Profiles

12 Future Forecast

13 Market Opportunities, Challenges, Risks and Influences Factors Analysis

14 Value Chain and Sales Channels Analysis

15 Research Findings and Conclusion

16 Appendix

The key insights of The report Research:

1.The report Research provides key statistics on the market status of the Utility Management Systems Software manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report Research provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report Research presents the company profile, product specifications, capacity, production value, and 2019-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report Research estimates 2019-2025 market development trends of Utility Management Systems Software industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report Research makes some important proposals for a new project of Utility Management Systems Software Industry before evaluating its feasibility.

Reasons to Purchase this Report:

* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.

Continued …

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