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Global Revenue Management Market: Increased Take-up by Savvy Companies Boosts Growth in North America

12-28-2016 03:12 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR

A new market research report by Transparency Market Research, titled “Revenue Management Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016–2024,” offers a peek into the market. Analyzing the market for developmental trends of the past, the report forecasts it growth from 2016 to 2024.

Get Sample Report Copy :
http://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=10541

Revenue management, also referred to as yield management, leverages disciplined analytics to help businesses optimize product availability and profitability by predicting consumer behavior at the micro-market level. Revenue management is applicable to almost all industries with products or services that can be purveyed in advance, have erratic demand patterns, and are capacity-constrained. Industries likely to benefit most from revenue management principles are manufacturing, theaters, airlines, car rentals, hotels, advertising, freight transportation, television broadcast, web conferencing, healthcare, telecommunications, and retail. The report studies the global revenue management market by understanding the application of revenue management systems in some such crucial end-user industries.

The report also segments the market depending upon the type of revenue management solutions into risk management, pricing and revenue forecast management, data management, channel revenue management, and revenue leakage detection. Depending upon the mode of deployment of revenue management systems, the market has been bifurcated into on-premise and hosted services.
Among them, the cloud is predicted to be the most preferred mode of deployment in the global market for revenue management in the upcoming years.

Geography-wise, the report has divided the market into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa. It predicts the North America market to take the leading position in the coming years due to rising demand from savvy companies in service industries keen to up their margins in a hyper-competitive environment. Asia Pacific too is slated to significantly contribute to revenues on the back of increasing number of small- and mid-sized companies in the services industry opting for technologically advanced revenue management systems. The aviation, hospitality, healthcare, and tourism industry will generate maximum opportunities for growth in the region.

At the forefront of driving growth in the global revenue management market is the rising awareness about its advantages among organizations of different sizes. Various small- and mid-sized entities have adopted a variety of revenue management systems to suit their needs, on account of the reduction in cost of products and services and the flexibility allowed by cloud hosting platforms. This is expected to majorly contribute to the market in the near future.

Browse Market Research Report with ToC & Free Analysis :
http://www.transparencymarketresearch.com/revenue-management-market.html

Some of the prominent vendors in the highly competitive global revenue management market are Accenture PLC, Huawei Technologies, Oracle Corporation, Amdocs, Inc., and Amadeus.

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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Albany NY - 12207
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Tel: +1-518-618-1030
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

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