According to Dhirtek Business Research, “global revenue management market by component (solution, services), enterprise size (small & medium enterprises and large enterprises), deployment model (on-premises and cloud-based), industry (IT & telecom, hospitality, transportation, healthcare, retail and ecommerce, BFSI, utilities, others (media and entertainment, and manufacturing))” generated revenue of US$ 14.2 billion in 2020 and is expected to reach US$ 22.0 billion by 2025 with a CAGR of 9.2% in the forecast period.
Based on the region, the revenue management market segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America holds a dominant position in the market in 2020 and expected to remain dominant over the forecast period. North America holds the highest market share in the revenue management market. This is due to the presence of countries with stable economies, such as the US and Canada. Adoption of cloud-based revenue management solutions, further driving the market in North America. Moreover, Asia Pacific expected to grow with the highest CAGR in the forecast period, where small- and mid-sized companies in the services industry are switching to technologically advanced revenue management systems to benefit from a heightened demand for a variety of services.
Based on industry, the segment IT & telecom holds a dominant market position in 2020 and expected to remain dominant throughout the forecast period. The IT & telecommunication helps in pricing management, billing, rating and charging, invoicing, collections, credit limit management, accounting, and general ledger integration for telecom service providers. This in turn, drives the market of revenue management.
Based on the deployment model, the on-premises deployment model holds the dominating position of the market in 2020 and expected to retain its dominance throughout the forecast period. Moreover, cloud-based deployment mode is projected to expand at the fastest CAGR in the forecast period.
Based on the size of the enterprise, the segment of small and medium-sized enterprises is projected to expand at the fastest CAGR in the forecast period, due to increase in customer awareness and rise in demand for system integration. Also, the large enterprise segment holds a dominant market position in 2020 and expected to remain dominant throughout the forecast period, due to the rising need for competitive pricing strategies, penetration of mobile devices worldwide
The research report provides a detailed analysis of the global market dynamics in revenue management. Considering 2019 as the base year, the study presents estimated market data for the 2020 to 2025 forecast period.
The report includes the revenue management market for various industries across different geographic regions (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). It also focuses on key developments and threats impacting the market and the vendor landscape.
The study further discusses the key factors, the business environment, and emerging developments in the revenue management market. The study ends with an overview of revenue management software providers and provides comprehensive profiles of the key players in the global revenue management revenue management market.
Scope of the report:
By Component
By Deployment Model
By Enterprise Size
By Industry
By Region
Revenue Management Market Players:
Some of the major players of revenue management market are Amdocs, Netcracker, CSG Systems International, Oracle, Ericsson, Huawei, SAP, Cerillion, Mahindra Comviva, Optiva, Enghouse Networks and Accelya. The study also focuses on different business or inorganic market growth strategies through technology advancement, business expansion, alliances and mergers and acquisitions to create disruptive technologies and consumer networks.