Revenue Management Market Worth 21.92 Billion USD by 2020
PUNE, India, April 18, 2016 /PRNewswire/ --
According to a new market research report, "Revenue Management Market by Solutions (Risk Management, Pricing and Revenue Forecast Management, Revenue Analytics, Revenue Leakage Detection, Channel Revenue Management) by Services (Professional, Managed) by Deployment Mode - Global Forecast to 2020", published by MarketsandMarkets, the market size is expected to grow from USD 9.27 Billion in 2015 to USD 21.92 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 18.8% during the forecast period.
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Browse 67 market data Tables and 52 Figures spread through 166 Pages and in-depth TOC on "Revenue Management Market"
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The major drivers of this market include increasing adoption of cloud-based deployments for revenue management systems across organizations, growing customer awareness and increasing subscription base, and increasing demand for system integration across enterprises. Also, increasing demand for revenue data across organizations and upgradation of legacy systems provides huge opportunities for revenue management solution vendors, service providers, platform providers, and consulting companies.
Pricing and revenue forecast management and data management solutions segments are expected to be the most promising segments during the forecast period
The Revenue Management Market has been segmented into solutions, services, applications, deployment type, and end users. Pricing and revenue forecast management and data management solution segments are projected to grow at a high growth rate; hence, will present good market opportunities during the forecast period. Professional services hold a major share in the revenue management services segment. The increasing integration of revenue management technologies with different industries is considered as the primary driver influencing the growth of the revenue management services market.
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Presently, North America contributes the maximum market share
North America is expected to hold the largest market share and dominate the Revenue Management Market from 2015 to 2020, as the adoption rate for cloud-based revenue management platforms and solutions across enterprises is expected to be much higher in this region. Asia-Pacific (APAC) and Middle East & Africa (MEA) offer potential growth opportunities due to the developing large-scale infrastructure, increasing ICT expenditure, and presence of major cloud and data center technology companies in the regions.
The major vendors covered in the Revenue Management Market for this study include Accenture PLC, Amdocs, Inc., Ericsson, Netcracker Technology Corporation, Oracle Corporation, CSG Systems International, Huawei Technologies, Redknee Solutions, SunTec Business Solutions, and SAP SE.
MarketsandMarkets segments the Revenue Management Market on the basis of solutions: risk management, pricing and revenue forecast management, revenue analytics, data management, and channel revenue management; services: managed services and professional services; applications: aviation, real estate & construction, media & entertainment, telecommunication, transportation & logistics, consumer electronics, energy & utilities, retail & wholesale, manufacturing, and tourism & hospitality; end users: SMBs and enterprises; deployment: on-premises and hosted; and regions. A detailed analysis of the regions has been done to provide insights into the potential future business opportunities in the market.
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