Global revenue management is projected to reach USD 28 billion by 2025. The growing necessity for competitive pricing strategies, high subscriber base growth in different regions, penetration of smart devices globally
Dallas, United States - October 25, 2020 /MarketersMedia/ —
The major factors influencing the global revenue management market includes growing penetration of mobile devices worldwide, digital transformation to compel Communication Service Providers (CPSs), and rising requirement for competitive pricing strategies. Due to the increasing emphasis on real-time and quick access to data, the global revenue management market is estimated to drive the market growth over the forecast period. These global revenue management market drivers project a significant growth over the forecast period. This measures the growth of the global revenue management market over the forecast period.
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The cloud segment is anticipated to witness tremendous growth with highest CAGR over the forecast period owing to the hassle-free integration and cost-efficiency. Cloud segment is used by several organizations as it offers wide-ranging benefits and keeps the confidential data recorded and secure. Small size and Medium sized enterprises are implementing the cloud model, as it reduces IT costs, such as the less requirement of physical space and costs of hardware setup. Whereas, large size enterprises can host their large number of applications in the cloud network, which minimize the operations of application management.
Segmentation-wise, the solution segment holds the largest market share owing to the increasing revenue assurance, channel management, billing and payment, price management. Moreover, the leading players of the revenue management market are providing one-stop and end-to-end solutions for enterprises.
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The key players of the global revenue management market are excited to meet new demands, thus, they are looking forward to taking interest in partnerships and collaboration to upscale the demand of lubricants and increase revenue graphs of the company and industry both. The vendors are refining the products with productive improvements to deliver the best quality to the clients across the globe. This helps the global revenue management market project maximum popularity over the forecast period.
The global revenue management market is categorized into several segmentation including components type, deployment mode, and end-user industry and region. Based on the component type, the global revenue management market is divided into solutions, price management, revenue assurance and fraud management, channel management, billing payment, services, professional services, managed services, consulting, integration and deployment, and maintenance and support. On the basis of deployment modes, the global revenue management market is segregated into cloud and on-premises.
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Based on the end user industry, the global revenue management market is divided into hospitality, retail and eCommerce, BFSI, Utilities, Healthcare, Transportation, Telecom, Transportation, media and entertainment, and manufacturing. Looping on to the regional overview, the global revenue management market is a wide range to North America, USA, Canada, Mexico, Egypt, Asia Pacific, China, Japan, Korea, India, Southeast Asia, The Middle East and Africa, UAE, Turkey, Nigeria, South Africa, Argentina, Europe, France, UK, Russia, Italy, South America, Brazil, Saudi Arabia, Germany, and Columbia.
Leading players of the global revenue management market includes Fiserv (US), Apttus (US), Amdocs (US), Huawei (China), Netcracker (Japan), CSG (US), Ericsson (Sweden), Cerillion (UK), Mahindra Comviva (India), Optiva (Ireland), Oracle (US), Accenture (Ireland), Enghousenetworks (Canada), HQ Revenue (Germany), Accelya (India), SAP (Germany), R1RCM (US), IDeaS (US), ZuoraREVPRO (2007), Workday (US), and Infor (US).
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Key Segments of the Global Revenue Management Market
Component Overview, 2018-2025 (USD Billion)
Solutions
Billing & Payment
Price Management
Revenue Assurance & Fraud Management
Channel Management
Services
Professional Services
Managed Services
End-User Overview, 2018-2025 (USD Billion)
BFSI
Healthcare
Hospitality
IT & Telecom
Retail
Transportation
Utilities
Others
Regional Overview, 2018-2025 (USD Billion)
North America
S.
Canada
Europe
UK
Germany
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia-Pacific
Middle East and Africa
UAE
South Africa
Rest of Middle East and Africa
South America
Brazil
Rest of South America
Reasons for the study
The purpose of the study is to give an exhaustive outlook of the global revenue management Market. Benchmark yourself against the rest of the Market.
Ensure you remain competitive as innovations by existing key players to boost the Market.
What does the report include?
The study on the global revenue management Market includes qualitative factors such as drivers, restraints, and opportunities
The study covers the competitive landscape of existing/prospective players in the revenue management industry and their strategic initiatives for the product development
The study covers a qualitative and quantitative analysis of the Market segmented based on component and end-user. Moreover, the study provides similar information for the key geographies.
Actual Market sizes and forecasts have been provided for all the above-mentioned segments.
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