Utility Billing Software Market Size, Share, Scope, Trends, Report, Growth, Industry Analysis and Forecast to 2022-2027 | IMARC Group
According to the latest report by IMARC Group, titled " Global Utility Billing Software Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027 ", the global utility billing software market reached a value of US$ 4.61 Billion in 2021 . Looking forward, IMARC Group expects the market to reach a value of US$ 7.73 Billion by 2027 exhibiting a CAGR of 8.60% during 2022-2027 . Utility billing software or UBS refers to an advanced system designed to track the usage of various utility services, such as electricity, water, and gas, for invoicing. It assists service providers in managing the billing process and aids in meter management, invoice management, and payment processing based on the collected usage data. It also helps identify consumer usage patterns, handle accounts, resolve user queries, integrate finances, and generate invoices while minimizing the risks of fraudulent activities. Nowadays, power companies are extensively using UBS to enhance custo...