Tenant Billing Software Market size was valued at US$ 344.5 Mn. in 2021 and the total revenue is expected to grow at 8.4 % through 2021 to 2029, reaching nearly US$ 656.8Mn.Tenant Billing Software Market Overview:
Tenant billing software allows businesses to divide utility costs across renters, departments, and cost centres. Organizations that manage or control many properties, such as airports, residential complexes, service stations, retail parks, and ports, will benefit from the software. The Global Tenant Billing Software Market was estimated at US$ 344.5 Million in 2021, and it is expected to reach US$ 656.8 Million by 2029, growing at a CAGR of 8.4 % over the forecasting period of 2021-2029.To know about the Research Methodology :- Request Free Sample Report
Tenant Billing Software Market Dynamics:
The rapid transition from manual to automatic billing technology to improve the tenant billing system, thereby reducing manual participation in meter reading or creating invoices, thereby increasing the deployment of the software, thereby promoting the growth of the tenant billing software market. Tenant billing software provides various benefits, such as providing real-time data consumed by tenant utilities, reducing costs through automatic billing, avoiding inaccuracies and other benefits expected from the growth of the tenant billing software market. In addition, the increasing penetration of cost-effective solutions provided by IoT-based meter reading and cloud-based deployment is expected to affect the growth of the tenant billing software market. Tenant billing systems also make it possible to review a tenant's bill at any time and from any location. Therefore, customer involvement improves the transparency of the process. The participation of advanced technology, the simplicity and accuracy of the process has promoted the growth of the tenant billing market. Lack of awareness about technology is major restraint to the tenant billing system market. Artificial intelligence and machine learning advancements can deliver more precise details on time, which are anticipated opportunities for the growth of the tenant billing system market. Electricity billing had progressed from the days when utilities collected monthly energy consumption data in order to generate a paper invoice that they mailed to customers. Smart meters, such as two communicating meters, make it easier to adjust the process to simplify it.
Tenant Billing Software Market Segment Analysis:
On the basis of deployment, the global tenant billing software market is sub-segmented into Cloud, On-premise. The cloud segment held largest market share of more than 65.0% in 2021. Because of the data generated by the software is stored in the cloud, which is available to all departments, cloud-based tenant billing software activities are emerging as an emerging trend in the billing industry. Furthermore, growing usage among small, medium, and big businesses is driving up demand for cloud-based billing software. This data is utilised to calculate an occupant's bill based on energy usage over the course of a year, month, or four weeks. Furthermore, it reduces the indirect expenses of money recovery for property managers. The on-premise segment is expected to rise significantly over the forecast period, owing to easy integration with existing IT infrastructure and it has high level of data security. Ownership and control of the hardware, data, and software platform are all advantages of on-premise billing software. On the basis of application, the global tenant billing software market is sub-segmented into Residential, Commercial. The residential segment held largest market share of more than 55.1 % in 2021. Property owners can use tenant billing software to keep track of resident information, property information, contract information, resident subscriptions, owner information, and history. Multiple billing systems make it easier to generate bills automatically and send them through email or print them for posting. The commercial segment is expected to rise significantly over the forecast period, owing to increasing number of retail stores, hotels, airports, industrial sites, increasing IT infrastructure all this factors are helpful for growing tenant billing software market.Tenant Billing Software Market Regional Insights:
North America accounted for the largest share of 25% in 2021. The use of cloud-based tenant billing software by businesses of all sizes, as well as the development of smart grid hotel and real estate industries in the region, are both contributing to the tenant billing software market growth. The Asia-Pacific is second-dominant region during the forecast period. Government regulations, growing cloud-based solutions, growing population, and increasing focus on customer relationship management are key factors driving market growth in this region. Advances in technology such as artificial intelligence (AI) and machine learning are expected to boost the use of billing software among tenants in the region. Europe accounted for the second largest share in 2021, exceeding 20.0%. This growth can be attributed to the existence of a large number of commercial and residential buildings, as well as the high level of digitalization in the area. The objective of the report is to present a comprehensive analysis of the global Tenant Billing Software market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Tenant Billing Software market dynamics, structure by analyzing the market segments and projects the global Tenant Billing Software market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Tenant Billing Software market make the report investor’s guide.Tenant Billing Software Market Scope: Inquire before buying
Global Tenant Billing Software Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 344.5 Mn. Forecast Period 2022 to 2029 CAGR: 8.4% Market Size in 2029: US $ 656.8 Mn. Segments Covered: by Deployment • Cloud • On Premise by Application • Residential • Commercial Tenant Billing Software Market, by Region
• North America • Europe • Asia Pacific • Middle East and Africa • South AmericaTenant Billing Software Market Key Players are:
• Accuenergy Ltd • AZZO Pty Ltd • Energy Hippo, Inc. • Enertiv • Entronix Energy • eSight Energy • MACH Energy • Optima Energy Systems Ltd. • SystemsLink 2000 Ltd. • TEAM • Commercial Water & Energy Co. • Delmon Solution • Honeywell International Inc. • IOTomation Ecotech • Semsys • Aquicore • SyxthSense • LevitonFrequently Asked Questions:
1. Which region has the largest share in Global Tenant Billing Software Market? Ans: North America region holds the highest share in 2021. 2. What is the growth rate of Global Tenant Billing Software Market? Ans: The Global Tenant Billing Software Market is growing at a CAGR of 8.4 % during forecasting period 2021-2029. 3. What segments are covered in Global Tenant Billing Software market? Ans: Global Tenant Billing Software market is segmented into deployment application and Region. 4. Who are the key players in Global Tenant Billing Software market? Ans: The important key players in the Tenant Billing Software market are - Accuenergy Ltd, AZZO Pty Ltd, Energy Hippo, Inc., Enertiv, Entronix Energy, eSight Energy, MACH Energy, Optima Energy Systems Ltd., SystemsLink 2000 Ltd., TEAM, Commercial Water & Energy Co., Delmon Solution, Honeywell International Inc., IOTomation Ecotech, Semsys, Aquicore, SyxthSense, Leviton. 5. What is the study period of this market? Ans: The Global Tenant Billing Software market is studied from 2021 to 2029.
1. Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Tenant Billing Software Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2019 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Tenant Billing Software Market 3.4. Geographical Snapshot of the Tenant Billing Software Market, By Manufacturer share 4. Global Tenant Billing Software Market Overview, 2021-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Power of Buyers/Consumers 4.1.6.3. Bargaining Power of Suppliers 4.1.6.4. Threat of Substitute Products 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Global Tenant Billing Software Market 5. Supply Side and Demand Side Indicators 6. Global Tenant Billing Software Market Analysis and Forecast, 2021-2029 6.1. Global Tenant Billing Software Market Size & Y-o-Y Growth Analysis. 7. Global Tenant Billing Software Market Analysis and Forecasts, 2021-2029 7.1. Market Size (Value) Estimates & Forecast By Deployment, 2021-2029 7.1.1. Cloud 7.1.2. On-premise 7.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 7.2.1. Residential 7.2.2. Commercial 8. Global Tenant Billing Software Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2021-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Tenant Billing Software Market Analysis and Forecasts, 2021-2029 9.1. Market Size (Value) Estimates & Forecast By Deployment, 2021-2029 9.1.1. Cloud 9.1.2. On-premise 9.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 9.2.1. Residential 9.2.2. Commercial 10. North America Tenant Billing Software Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Tenant Billing Software Market Analysis and Forecasts, 2021-2029 11.1. Market Size (Value) Estimates & Forecast By Deployment, 2021-2029 11.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 12. Canada Tenant Billing Software Market Analysis and Forecasts, 2021-2029 12.1. Market Size (Value) Estimates & Forecast By Deployment, 2021-2029 12.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 13. Mexico Tenant Billing Software Market Analysis and Forecasts, 2021-2029 13.1. Market Size (Value) Estimates & Forecast By Deployment, 2021-2029 13.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 14. Europe Tenant Billing Software Market Analysis and Forecasts, 2021-2029 14.1. Market Size (Value) Estimates & Forecast By Deployment, 2021-2029 14.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 15. Europe Tenant Billing Software Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Tenant Billing Software Market Analysis and Forecasts, 2021-2029 16.1. Market Size (Value) Estimates & Forecast By Deployment, 2021-2029 16.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 17. France Tenant Billing Software Market Analysis and Forecasts, 2021-2029 17.1. Market Size (Value) Estimates & Forecast By Deployment, 2021-2029 17.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 18. Germany Tenant Billing Software Market Analysis and Forecasts, 2021-2029 18.1. Market Size (Value) Estimates & Forecast By Deployment, 2021-2029 18.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 19. Italy Tenant Billing Software Market Analysis and Forecasts, 2021-2029 19.1. Market Size (Value) Estimates & Forecast By Deployment, 2021-2029 19.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 20. Spain Tenant Billing Software Market Analysis and Forecasts, 2021-2029 20.1. Market Size (Value) Estimates & Forecast By Deployment, 2021-2029 20.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 21. Sweden Tenant Billing Software Market Analysis and Forecasts, 2021-2029 21.1. Market Size (Value) Estimates & Forecast By Deployment, 2021-2029 21.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 22. CIS Countries Tenant Billing Software Market Analysis and Forecasts, 2021-2029 22.1. Market Size (Value) Estimates & Forecast By Deployment, 2021-2029 22.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 23. Rest of Europe Tenant Billing Software Market Analysis and Forecasts, 2021-2029 23.1. Market Size (Value) Estimates & Forecast By Deployment, 2021-2029 23.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 24. Asia Pacific Tenant Billing Software Market Analysis and Forecasts, 2021-2029 24.1. Market Size (Value) Estimates & Forecast By Deployment, 2021-2029 24.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 25. Asia Pacific Tenant Billing Software Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2021-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Tenant Billing Software Market Analysis and Forecasts, 2021-2029 26.1. Market Size (Value) Estimates & Forecast By Deployment, 2021-2029 26.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 27. India Tenant Billing Software Market Analysis and Forecasts, 2021-2029 27.1. Market Size (Value) Estimates & Forecast By Deployment, 2021-2029 27.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 28. Japan Tenant Billing Software Market Analysis and Forecasts, 2021-2029 28.1. Market Size (Value) Estimates & Forecast By Deployment, 2021-2029 28.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 29. South Korea Tenant Billing Software Market Analysis and Forecasts, 2021-2029 29.1. Market Size (Value) Estimates & Forecast By Deployment, 2021-2029 29.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 30. Australia Tenant Billing Software Market Analysis and Forecasts, 2021-2029 30.1. Market Size (Value) Estimates & Forecast By Deployment, 2021-2029 30.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 31. ASEAN Tenant Billing Software Market Analysis and Forecasts, 2021-2029 31.1. Market Size (Value) Estimates & Forecast By Deployment, 2021-2029 31.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 32. Rest of Asia Pacific Tenant Billing Software Market Analysis and Forecasts, 2021-2029 32.1. Market Size (Value) Estimates & Forecast By Deployment, 2021-2029 32.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 33. Middle East Africa Tenant Billing Software Market Analysis and Forecasts, 2021-2029 33.1. Market Size (Value) Estimates & Forecast By Deployment, 2021-2029 33.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 34. Middle East Africa Tenant Billing Software Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Tenant Billing Software Market Analysis and Forecasts, 2021-2029 35.1. Market Size (Value) Estimates & Forecast By Deployment, 2021-2029 35.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 36. GCC Countries Tenant Billing Software Market Analysis and Forecasts, 2021-2029 36.1. Market Size (Value) Estimates & Forecast By Deployment, 2021-2029 36.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 37. Egypt Tenant Billing Software Market Analysis and Forecasts, 2021-2029 37.1. Market Size (Value) Estimates & Forecast By Deployment, 2021-2029 37.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 38. Nigeria Tenant Billing Software Market Analysis and Forecasts, 2021-2029 38.1. Market Size (Value) Estimates & Forecast By Deployment, 2021-2029 38.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 39. Rest of ME&A Tenant Billing Software Market Analysis and Forecasts, 2021-2029 39.1. Market Size (Value) Estimates & Forecast By Deployment, 2021-2029 39.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 40. South America Tenant Billing Software Market Analysis and Forecasts, 2021-2029 40.1. Market Size (Value) Estimates & Forecast By Deployment, 2021-2029 40.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 41. South America Tenant Billing Software Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2021-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Tenant Billing Software Market Analysis and Forecasts, 2021-2029 42.1. Market Size (Value) Estimates & Forecast By Deployment, 2021-2029 42.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 43. Argentina Tenant Billing Software Market Analysis and Forecasts, 2021-2029 43.1. Market Size (Value) Estimates & Forecast By Deployment, 2021-2029 43.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 44. Rest of South America Tenant Billing Software Market Analysis and Forecasts, 2021-2029 44.1. Market Size (Value) Estimates & Forecast By Deployment, 2021-2029 44.2. Market Size (Value) Estimates & Forecast By Application, 2021-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Global Tenant Billing Software Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, Applications and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Accuenergy Ltd 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. AZZO Pty Ltd 45.3.3. Energy Hippo, Inc. 45.3.4. Enertiv 45.3.5. Entronix Energy 45.3.6. eSight Energy 45.3.7. MACH Energy 45.3.8. Optima Energy Systems Ltd. 45.3.9. SystemsLink 2000 Ltd. 45.3.10. TEAM 45.3.11. Commercial Water & Energy Co. 45.3.12. Delmon Solution 45.3.13. Honeywell International Inc. 45.3.14. IOTomation Ecotech 45.3.15. Semsys 45.3.16. Aquicore 45.3.17. SyxthSense 45.3.18. Leviton 46. Primary Key Insights