Revenue Management market forecast to 2025 published by leading research firm
According to a new report published by Reports Monitor titled, “Global Revenue Management Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the revenue management market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Revenue management is an application of analytics that uses data-driven tactics and strategies to predict consumer behavior and optimize revenue. It uses data mining in understanding consumer’s perception of product and takes strategical decisions. It is an act of selling the right product to the right customer at the right time to the right price through the right channel.
The rising demand for system integration and the rise in adoption of cloud based platform are the key drivers for the market. The increasing awareness of the importance of revenue management system in an all small and big organization is driving the growth across the globe. The increasing adoption rate of various revenue management system by several organization is another driving factor for the market. The increasing usage of cloud platforms in another driving force for the market. However, revenue data security and lack of technological awareness acts as a restraints in the revenue management market. In addition, the hotels are expected to grow differently with the help of revenue management in coming years.
This report provides a detailed analysis of revenue management market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and swot analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources with bottom-up and top-down approaches.
The segmentation of global revenue market is based on type, application, deployment and end-users. On the basis of type the global revenue management market can segmented into solution and service. On the basis of application the global revenue management market can segmented into by energy, aviation, real estate, manufacturing, telecommunication, retail & wholesale, tourism & hospitality, media & entertainment and transportation & logistic. On the basis of deployment the global revenue management market can segmented into hosted and on-premises. On the basis of end-user the global revenue management market can segmented into enterprises and small & medium business.
On the basis on the geographical regions covered, the global revenue management market is analyzed across North America, Europe, Asia-Pacific and Latin America, Middle East and Africa (LAMEA). North America is expected to grow in the coming years as the increase in demand for revenue management in the services industries in rising.
The key players for revenue management market includes SAP SE, Oracle Corporation, Amdocs, Inc., Accenture PLC, Huawei Technologies and Amadeus.
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