Home > Media and Technology > Information Technology > IT Software > customer information system cis market
Get a free sample of Customer Information System Market
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Get a free sample of Customer Information System Market
Your inquiry has been received. Our team will reach out to you with the required details via email. To ensure that you don't miss their response, kindly remember to check your spam folder as well!
Form submitted successfully!
Error submitting form. Please try again.
Some of the leading companies involved in the customer information system market include
These companies are investing in product development and innovations and utility enterprises are focusing on strategic partnerships to deploy advanced CIS solutions.
For instance, in January 2023, NorthStar Utilities Solutions partnered with Util-Assist Inc. to offer utilities-managed billing services powered by the NorthStar Customer Information System. Util-Assist will join NorthStar as a business associate for clients seeking business process outsourcing solutions, particularly in the areas of hosted billing information and customer care solutions and assistance.
The market for customer information system in North America was worth more than USD 500 million in 2022, owing to the expanding digitization across energy and utility businesses.
NorthStar Utilities Solutions, Gentrack, SAP SE, Oracle Corporation, Hansen Technologies Corporation, and Vertexone are some of the major companies operating in the market.
The electricity and power management segment accounted for 40% market share in 2022, driven by the rising need for new billing systems with effective and efficient network billing capabilities.
The market size of customer information systems was surpassed USD 1 billion in 2022 and is expected to witness over 10% CAGR from 2023 to 2032, owing to the growing focus on smart city development projects.