Top 10 Utility Software Vendors and Market Forecast 2016-2021

In 2016, the top 10 Utility software vendors accounted for nearly 45% of the global Utility applications market which grew 1.5% to approach nearly $3.3 billion in license, maintenance and subscription revenues.

Through our forecast period, the Utility applications market is expected to reach $3.4 billion by 2021, compared with $3.3 billion in 2016 at a compound annual growth rate of 0.9%.

Exhibit 2: Worldwide Utility Software Market 2016-2021 Forecast, $M
Year	2016	2021	2016-2021 CAGR, %
Total	3250	3405	0.9%

Source: Apps Run The World, January 2018

Utility Market Definitions And Forecast Assumptions

Utilities (Electricity, water and gas utilities) – Customer care, billing, Smart meter infrastructure, Energy Trading Risk Management, SCADA, Financials, HR, Procurement

Smart grid investment will begin to taper off and the vertical could see more upheavals as utilities anticipate the fallout from the decision of some of their largest customers to replace conventional electricity with alternative energy sources. Internet of Things could usher in a new set of maintenance management apps.

Top 10 Utility Software vendors

Here are the rankings of the top 10 Utility software vendors in 2016 and their market shares.

Rank	Vendor	2015 Utility Apps Revenues, $M	2016 Utility Apps Revenues, $M	2016 Utility Apps Revenues YoY Growth, %	2016 Utility Apps Market Share, %	Recent Developments
1	Oracle	Subscribe	Subscribe	Subscribe	Subscribe	With its extensive Cloud product portfolio, Oracle has captured more than 25,000 Cloud customers covering 65M+ active users across different verticals.
2	SAP	Subscribe	Subscribe	Subscribe	Subscribe	SAP has signed more than 6,900 customers for its next-generation ERP suite S/4 HANA as of October 2017.
3	Microsoft	Subscribe	Subscribe	Subscribe	Subscribe	Microsoft Dynamics 365 now covers both CRM and ERP functionality for multiple verticals.
4	IBM	Subscribe	Subscribe	Subscribe	Subscribe	IBM Watson serves as the brain behind its BI strategy, redefining how different verticals incorporate and optimize artificial intelligence into their business processes.
5	Itron Inc.	Subscribe	Subscribe	Subscribe	Subscribe	Acquired Silver Spring in September 2017 for its IoT connectivity platforms and solutions to utilities and cities.
6	ABB’s Enterprise Software Group	Subscribe	Subscribe	Subscribe	Subscribe	Acquired KEYMILE for its communication networks portfolio that strengths digital electrical grids.
7	Fiserv	Subscribe	Subscribe	Subscribe	Subscribe	Payments underpin its eCommerce offerings.
8	Adobe Systems	Subscribe	Subscribe	Subscribe	Subscribe	Adobe’s content management and CX apps have transformed many industries.
9	Aclara Software	Subscribe	Subscribe	Subscribe	Subscribe	Acquired GE’s majority equity position in General Electric Philippines Meter & Instrument Co.
10	Dassault Systemes	Subscribe	Subscribe	Subscribe	Subscribe	Acquired Exa software in September 2017 for designers to evaluate highly dynamic fluid flow throughout the design process.
	Subtotal	Subscribe	Subscribe	Subscribe	Subscribe
	Other	Subscribe	Subscribe	Subscribe	Subscribe
	Total	Subscribe	Subscribe	Subscribe	Subscribe

Source: Apps Run The World, January, 2018

Exhibit 4 shows our projections for the enterprise applications market by vertical segment, based on the buying preferences and the customer propensity to invest in new software within those industries as they continue to upgrade and replace many legacy industry-specific applications that have been identified and tracked in our Buyer Insight Database.

Exhibit 4: Worldwide Enterprise Applications Market Forecast 2016-2021, By Vertical Industry, $M

Utility Software Purchases Win/Loss Analysis As Part Of Enterprise Applications Buyer Insight Customer Database

On the buyer side, customers are investing in Utility applications based on new features and capabilities that are expected to replace their existing legacy systems. In many cases, competitive upgrades and replacements that could have a profound impact on future market-share changes will become more widespread.

Since 2010, our global team of researchers have been studying the patterns of the latest Utility software purchases by customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.

Updated continuously, our database features extensive win/loss analysis. Each year our research team identifies tens of thousands of these Utility customer wins and losses from public and proprietary sources.

The research results are being incorporated into regular updates in our Enterprise Applications Buyer Insight Customer Database. You can access the Quarterly Win/Loss Analysis Scoreboard and our Enterprise Applications Buyer Insight Customer Database by becoming a subscriber.

DON’T MISS OUR CUSTOMER DATABASE

Further Readings

An expanded version of this report covers the top 500+ Utility Software Vendors, offering in-depth analysis of the market dynamics, vendors’ Strengths, Customers, Opportunities, Risks and Ecosystems as well as their ability to gain Shares (SCORES) within their respective space. We also offer win-loss analysis of the quarterly wins of these top vendors and whether incumbents and upstarts pose any real threat to their standing amid shifting market requirements and user preferences.