Press release
Global Revenue Management Market to Gain Significant Impetus, Rising Popularity Aids Growth
A new study by Transparency Market Research (TMR), titled “Revenue Management Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024,” states that revenue management solutions have gained tremendous popularity worldwide on account of their robust effect on the overall revenue generated in an organization.In this research study, the worldwide market for revenue management has been analyzed on four fronts: Region, the type of revenue management solution, mode of deployment, and application.
On the basis of the region, the report segments the global market for revenue management into Asia Pacific, Europe, North America, and the Rest of the World. North America is likely to dominate the worldwide market over the forecast period. The soaring demand for revenue management from organizations functioning in the service industry and looking to increase their profitability in the highly competitive environment is projected to propel the North America market for revenue management in the coming years.
Asia Pacific is also expected to witness robust growth in the revenue management market over the next few years. The small- and mid-sized enterprises in the services industry are projected to shift towards technically advanced revenue management systems in order to benefit from the soaring demand for a varied range of services in this region.
The regional market is likely to gain lucrative opportunities in the aviation, hospitality, medical and healthcare, and tourism industries. In addition to this, highly flexible yet cost-efficient cloud hosted solutions are anticipated to add significantly to the price-sensitive market in Asia Pacific over the next few years, states the research report.
Based on the type of revenue management solution, the global market has been classified into risk management, pricing and revenue forecast management, revenue leakage detection, data management, and channel revenue management.
By mode of deployment, the market has been categorized into on-premise revenue management solutions and cloud services. The cloud services segment is anticipated to be the most popular mode of deployment in the overall market during the forecast period. Airlines, car rentals, hotels, freight transportation, advertising, television broadcast, web conferencing, manufacturing, healthcare, theaters, telecommunications, and retail have been identified as the key application areas for revenue management in this report.
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The report also presents an analysis of the competitive landscape of the worldwide revenue management market. It evaluates the profiles of major organizations operating in this market to determine the market hierarchy. Amdocs Inc., Huawei Technologies, Accenture Plc, SAP SE, Oracle Corp., and Amadeus are the key companies profiled in this study.
About Us
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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