How Big is the Utility Software Market | Industry Trends & Growth Insights 2025

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Code: MTA9623

Publication Date: Sep 2025

How Big is the Utility Software Market?

According to 6Wresearch internal database and industry insights, the Utility Software Market was estimated at USD 28 billion in 2024 and is projected to reach USD 49 billion by 2031, expanding at a CAGR of 8.3% during the forecast period 2025-2031.

There are numbers of factors which are contributing in the expansion of the market include increasing adoption of cloud-based solutions, rising demand for data analytics and automation in IT operations, growing need for cybersecurity and system optimization tools, and rising investments in enterprise software infrastructure.

Key Growth Drivers of the Utility Software Market

Cloud-based utility software solutions are becoming more popular.
The demand for operational efficiency and IT process automation
Growing demand for cybersecurity and data security management tools
Extension of analytics solutions based on AI and machine learning
Investments in enterprise digital transformation and smart infrastructure

Utility Software Market Trends

Utility Software Market is witnessing notable growth with key trends such as adoption of AI-driven and predictive analytics tools, integration of software with IoT devices for real-time monitoring, and automation of routine IT and operational tasks. Cloud-native and scalable software solutions are becoming more in demand across all industries.

Software platforms that integrate several features, such as security, management, and monitoring are more popular. Priority is being given to improved user interfaces, mobile compatibility, and advanced reporting and visualization features. Furthermore, utility software with no-code and low-code features is becoming more popular since it enables quicker customization and deployment.

Emerging Developments in the Utility Software Market

Utility Software Market is evolving with continuous advancements in AI, cloud computing, and cybersecurity technologies. Expenditures on research and development for automation-driven solutions and predictive maintenance software are increasing. Software vendors and technology providers are working together more and more to enhance their solution offerings.

There is an increasing amount of integration with platforms for enterprise resource planning and IT service management. Emerging solutions are primarily focused on energy optimization, hybrid cloud management, and real-time data analytics. SaaS-based subscription models and mobile-first apps are driving growth.