North America to Dominate Revenue Management Market through 2025
Penetration of mobile
devices worldwide and rise in demand for system integration to drive the growth
of global revenue management market
According to
TechSci Research report, “Global Revenue Management Market By Component, By Structure, By Deployment Mode, By
Organization Size, By End User Industry, By Region, Competition, Forecast &
Opportunities, 2025”, global revenue management market is expected to witness
formidable growth during the forecast period. Growing requirement for competitive
pricing strategies and upgrading the existing legacy system are key factors
accounting for the growth of global revenue management market. Moreover, penetration
of smart devices worldwide is further expected to bode well for the growth of global
revenue management through the forecast years. In addition to this, continuous digital
transformations in need to induce communication service providers (CSPs) to
integrate revenue management is positively influencing the growth of global revenue
management market across the globe. Also, increase in customer awareness coupled
with surge in distribution of ancillaries through e-travel platforms are some
other factors making headway for the growth of global revenue management
market. Furthermore, incapability to manage with the evolving market might
hamper the growth of global revenue management market in the years to come.
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Global revenue
management market can be segmented based on component, structure, deployment
mode, organization size, end user industry, company and region. Considering the component,
the market is fragmented into solutions and services. The service segment is
further categorized into professional services and managed services. The managed
services segment is anticipated to record high growth during the forecast
period. This reason is that, focusing on core business has become difficult for
the companies. Therefore, these managed services offer technical skills, that
are needed to maintain and update all the software in the revenue management
ecosystem, which is further anticipated to boost the growth of segment over the
coming years. Based on end user industry, the market is fragmented into BFSI,
hospitality, healthcare, IT & telecommunications, energy & utilities,
retail & e-commerce, and others. Out of which, IT & telecommunications
end use sector is expected to hold the largest market size over the coming
years, which can be attributed to the use revenue management in the
telecommunications industry in pricing management, rating and charging, billing,
invoicing, credit limit management, general ledger integration for telecom
service providers, among others.
Amdocs Inc.,
Oracle Corporation, Netcracker Technology Corp, CSG Systems International Inc,
Ericsson Inc, Cerillion Technologies Limited, Comviva Technologies Ltd, SAP SE,
Accenture Inc, Enghouse Networks US Inc, Accelya Solutions India Ltd, HQ
Revenue, Zuora RevPro, Workday, Inc., Fiserv, Inc., Apttus, Infor Inc, Radix
International Inc., SAS Institute Inc., Lemax Inc. are among others are the
leading players operating in global revenue management market. The players are
adopting several growth strategies to enhance the market scenario of revenue
management. Other competitive strategies include increasing focus of major
market players towards merges and acquisitions to broaden their customer base
and to strengthen their market position.
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“North
America is forecast to dominate the global revenue management market through
2025 on the account of rapid technological developments in the region.
Moreover, IT companies in growing economies such as the US and Canada are
adopting cloud-based revenue management solutions, which is further anticipated
to contribute to the growing trend. Furthermore, increased demand from
companies in service industries that are aiming to increase revenues and
profitability in this competitive environment, is further expected to boost the
regional growth of revenue management market until 2025.”, said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Revenue Management Market By Global
Revenue Management Market By Component, By Structure, By Deployment Mode, By
Organization Size, By End User Industry, By Region, Competition, Forecast &
Opportunities, 2025” has evaluated
the future growth potential of global revenue management market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global revenue management market.
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