Dallas, Texas, July 21, 2020 (GLOBE NEWSWIRE) -- The “Revenue Management Market by Component Type (Solution {Billing & Payment, Price Management, Revenue Assurance & Fraud Management, Channel Management}, Services {Professional Services, Managed Services}), End-User (IT & Telecom, Hospitality, Transportation, Healthcare, Retail, BFSI, Utilities, Others), and Region, Global Forecast 2018 to 2025” study provides an elaborative view of historic, present and forecasted market estimates.
Increasing significance for identifying profitability and value that the customers bring to the organizations, along with rising preferences for mitigating and detecting revenue losses with automated payment processing systems and integrated workflows by the business is likely to augment the growth for the industry over the forecast period. Hence, the market size for global revenue management is anticipated to reach USD 28 billion by 2025.
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Growing focus on integrating marketing, commerce, sales, billing, accounts, and service, to decrease the operating expenses and enhance business processes is likely to draw focus on revenue management solutions. However, complexity in integrating with the current infrastructure and high implementation expenses is probably to hinder revenue management growth.
The market is segmented into IT & telecom, hospitality, transportation, healthcare, retail, BFSI, utilities, and others. The market for the IT & telecom sector is anticipated to possess the largest market share in 2019. Enterprises today are predominantly developing to match their user needs. The revenue management solution suite provides companies and the communication service providers who are proactive within the IoT business with tools to manage the overall billing life cycle.
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The report also throws light on various aspects of global revenue management by assessing the market using value chain analysis. The report covers several qualitative aspects of the revenue management industry in market drivers, market restraints and key industry trends. Furthermore, the report provides an in-depth assessment of the market competition with company profiles of global as well as local vendors.
The global revenue management market has strong competition among the well-established and new emerging players. These market players target to gain a competitive advantage over the other players by participating in partnerships, mergers, and acquisitions and expanding their businesses.
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The global personal market is a wide range to North America, Europe, APAC, South America, and the Middle East & Africa. North America is considered a mature market in the revenue management storage, owing to an outsized presence of an organization with the availability of technical expertise and advanced IT infrastructure. The US and Canada are the highest contributory countries to the expansion of the revenue management market in North America.
The major players of the global revenue management market are Oracle, Huawei, Amdocs, Ericsson, Netcracker, CSG, Optiva, Cerillion, Accenture, SAP, Enghousenetworks, and more. The revenue management market is fragmented with the existence of well-known global and domestic players across the globe.
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Major points from Table of Contents:
Chapter 1 Introduction
Chapter 1 Introduction
Chapter 3 Executive Summary
Chapter 4 Market Outlook
Chapter 5 Revenue Management Market by Component
Chapter 6 Revenue Management Market by End User
Chapter 7 Revenue Management Market By Region
Chapter 8 Competitive Landscape
Chapter 9 Company Profiles
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