Market overview
The global metering and billing market is worth USD 4.9 bn in 2026 and is forecast to reach USD 9.7 bn by 2036, growing at a 7.0% CAGR. United States is the largest country market and Software is the largest by offering segment.
| Scope | Systems that measure utility consumption and produce customer bills: meter data management, billing and customer information software, hosting and services for electricity, water, gas and heat suppliers. |
|---|---|
| Industry | Process Automation |
| Value 2025 | USD 4.6 bn |
| Value 2026 | USD 4.9 bn |
| Value 2036 | USD 9.7 bn |
| CAGR 2026-2036 | 7.0% |
| Volume 2026 | 1,212 million accounts |
| Volume 2036 | 2,055 million accounts |
| Average price 2026 | USD 4.06 per account |
| Report price | Starts from USD 1,999 |
| Published | November 2026 |
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Metering and Billing market size and forecast, 2026-2036
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Year | Market value |
|---|---|
| 2026 | USD 4.9 bn |
| 2027 | USD 5.3 bn |
| 2028 | USD 5.6 bn |
| 2029 | USD 6.0 bn |
| 2030 | USD 6.5 bn |
| 2031 | USD 6.9 bn |
| 2032 | USD 7.4 bn |
| 2033 | USD 7.9 bn |
| 2034 | USD 8.5 bn |
| 2035 | USD 9.0 bn |
| 2036 | USD 9.7 bn |
Metering and Billing market segmentation
By offering
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Software | 52.0% | 49.7% | USD 2.6 bn | 6.5% |
| Services | 34.0% | 31.0% | USD 1.7 bn | 6.0% |
| Cloud hosting | 14.0% | 19.3% | USD 689 mn | 10.5% |
By utility
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Electric | 50.0% | 50.5% | USD 2.5 bn | 7.1% |
| Water | 22.0% | 23.3% | USD 1.1 bn | 7.6% |
| Gas | 18.0% | 16.6% | USD 886 mn | 6.1% |
| Heat and other | 10.0% | 9.6% | USD 492 mn | 6.6% |
By deployment
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Public cloud | 30.0% | 44.2% | USD 1.5 bn | 11.2% |
| Private and hosted cloud | 16.0% | 18.0% | USD 788 mn | 8.2% |
| On-premise | 54.0% | 37.9% | USD 2.7 bn | 3.3% |
By utility size
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Large utilities | 50.0% | 47.0% | USD 2.5 bn | 6.3% |
| Mid-size utilities | 30.0% | 31.0% | USD 1.5 bn | 7.3% |
| Municipal and small utilities | 20.0% | 22.0% | USD 984 mn | 8.0% |
By billing model
| Segment | Share 2026 | Share 2036 | Value 2026 | CAGR 2026-36 |
|---|---|---|---|---|
| Postpaid | 55.0% | 44.0% | USD 2.7 bn | 4.6% |
| Prepaid | 25.0% | 26.0% | USD 1.2 bn | 7.4% |
| Real-time and time-of-use | 20.0% | 30.0% | USD 984 mn | 11.4% |
Top 25 countries for metering and billing by revenue
Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 78.0% of 2026 revenue and the 25 countries below together hold 94.5%.
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
| # | Country | Value 2026 | Share 2026 | Value 2036 | CAGR 2026-36 |
|---|---|---|---|---|---|
| 1 | United States | USD 1.5 bn | 30.0% | USD 2.9 bn | 6.9% |
| 2 | United Kingdom | USD 443 mn | 9.0% | USD 823 mn | 6.4% |
| 3 | China | USD 443 mn | 9.0% | USD 988 mn | 8.3% |
| 4 | Germany | USD 295 mn | 6.0% | USD 523 mn | 5.9% |
| 5 | Japan | USD 246 mn | 5.0% | USD 397 mn | 4.9% |
| 6 | India | USD 246 mn | 5.0% | USD 658 mn | 10.3% |
| 7 | France | USD 197 mn | 4.0% | USD 349 mn | 5.9% |
| 8 | Australia | USD 197 mn | 4.0% | USD 368 mn | 6.5% |
| 9 | Brazil | USD 148 mn | 3.0% | USD 320 mn | 8.0% |
| 10 | Spain | USD 148 mn | 3.0% | USD 271 mn | 6.3% |
| 11 | Canada | USD 114 mn | 2.3% | USD 218 mn | 6.7% |
| 12 | Italy | USD 100 mn | 2.0% | USD 192 mn | 6.7% |
| 13 | Netherlands | USD 89 mn | 1.8% | USD 168 mn | 6.6% |
| 14 | South Korea | USD 78 mn | 1.6% | USD 148 mn | 6.7% |
| 15 | Mexico | USD 68 mn | 1.4% | USD 149 mn | 8.1% |
| 16 | Sweden | USD 60 mn | 1.2% | USD 115 mn | 6.7% |
| 17 | Turkey | USD 53 mn | 1.1% | USD 115 mn | 8.0% |
| 18 | Russia | USD 47 mn | 0.9% | USD 89 mn | 6.7% |
| 19 | South Africa | USD 41 mn | 0.8% | USD 89 mn | 8.1% |
| 20 | Poland | USD 36 mn | 0.7% | USD 69 mn | 6.7% |
| 21 | United Arab Emirates | USD 32 mn | 0.7% | USD 69 mn | 8.0% |
| 22 | Saudi Arabia | USD 28 mn | 0.6% | USD 61 mn | 8.1% |
| 23 | Singapore | USD 25 mn | 0.5% | USD 47 mn | 6.8% |
| 24 | Norway | USD 22 mn | 0.4% | USD 42 mn | 6.8% |
| 25 | Denmark | USD 19 mn | 0.4% | USD 37 mn | 6.7% |
| Rest of world | USD 271 mn | 5.5% | USD 503 mn | 6.4% |
Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.
Competitive landscape
Group 1: Global leaders
- SAP
- Oracle
- Itron
- Landis+Gyr
- Siemens
Group 2: Regional and specialist players
- Gentrack
- Hansen Technologies
- CSG Systems
- Peace Software
- Cayenta
- Itineris
- Aclara Technologies
- Sensus
Group 3: Emerging and niche players
- Kaluza
- Junifer
- Kraken Technologies
Research methodology
Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the metering and billing market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.
The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 7.0% is calculated from the resulting values.
The market is divided by offering, by utility, by deployment, by utility size, by billing model. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.
Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.
Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.
Frequently asked questions
How big is the metering and billing market?
The global metering and billing market is estimated at USD 4.6 bn in 2025 and USD 4.9 bn in 2026.
How fast will the metering and billing market grow?
It is forecast to reach USD 9.7 bn by 2036, a compound annual growth rate of 7.0% from 2026, an increase of USD 4.8 bn.
Which country is the largest market for metering and billing?
United States is the largest market by revenue at USD 1.5 bn in 2026, 30.0% of the global total. The three largest countries together hold 48.0%.
Which country is growing fastest?
Among the ten largest markets, India is growing fastest at 10.3% a year from 2026 to 2036.
Which metering and billing segment is largest?
In the by offering split, Software is the largest segment with 52.0% of 2026 revenue.
Who are the leading metering and billing companies?
Global leaders include SAP, Oracle, Itron, Landis+Gyr.
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