Dublin, Feb. 15, 2024 (GLOBE NEWSWIRE) -- The "Revenue Management Market - Global Industry Size, Share, Trends, Opportunities and Forecast, 2018-2028" report has been added to ResearchAndMarkets.com's offering.
The projected market size for Revenue Management is expected to reach USD 21.37 billion by the end of 2023, with a compound annual growth rate (CAGR) of 11.56% during the forecast period.
The global Revenue Management Market is a dynamic and rapidly evolving sector that revolves around optimizing business strategies to maximize revenue and profitability. It encompasses a wide range of industries, including hospitality, retail, travel and transportation, telecommunications, and more. At its core, revenue management involves utilizing data-driven insights, advanced analytics, and technology to make informed decisions related to pricing, inventory management, demand forecasting, and customer segmentation. 
Key Market Drivers
- The Proliferation of E-Commerce and Online Platforms
- The Rising Demand for Data-Driven Insights & Analytics
- The Increasing Adoption of Advanced Technology Solutions by Businesses
- Growing Travel and Hospitality Industry
Key Market Challenges
- The Complexity of Data Integration and Management
- The Lack of Skilled Professionals with Expertise in Revenue Management and Data Analytics
Key Market Trends
- The Integration of Omnichannel Strategies
- Increasing Adoption of Artificial Intelligence (AI) and Machine Learning (ML) technologies
Key Market Players
- Huawei Technologies Co. Ltd.
- Amdocs Inc.
- Accenture Inc.
- CSG Systems International Inc.
- Netcracker Technology Corporation
- Ericsson Inc.
- SAP SE
- Optiva Inc.
- Cerillion Technologies Limited
- Oracle Corporation
Report Scope:
In this report, the Global Revenue Management Market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:
Global Revenue Management Market, By Component:
- Solutions
- Billing & Payment
- Price Management
- Revenue Assurance & Fraud Management
- Channel Management Risk Management
- Others
- Services
- Professional
- Managed
Global Revenue Management Market, By Structure:
- In-House
- Outsource
Global Revenue Management Market, By Deployment:
- On-Premises
- Cloud
Global Revenue Management Market, By Organization Size:
- Small & Medium Enterprise
- Large Enterprise
Global Revenue Management Market, By End User:
- BFSI
- Hospitality
- Healthcare
- IT & Telecommunications
- Energy & Utilities
- Retail & E-Commerce
- Others
Global Revenue Management Market, By Region:
- North America
- Europe
- South America
- Middle East & Africa
- Asia Pacific
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 190 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $21.37 Billion |
| Forecasted Market Value (USD) by 2028 | $41.21 Billion |
| Compound Annual Growth Rate | 11.9% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/6lh9fy
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