Global Revenue Management Software Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Revenue Management Software Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Revenue management software is a management approach to optimizing revenue, generally based on managing potential revenues for a given capacity at a certain point in time - a revenue maximization technique that aims to increase net yield through the allocation of available resources to predicted demand. This is accomplished by utilizing historical data, current booking trends, and then forecasting the potential demand for a resource and calculating the value for this demand. Revenue management software helps businesses manage variable pricing for products and services. Revenue management software also helps businesses record, report, and understand their transactions.

Market Overview:

The latest research study on the global Revenue Management Software market finds that the global Revenue Management Software market reached a value of USD 10679.76 million in 2022. It’s expected that the market will achieve USD 17127.12 million by 2028, exhibiting a CAGR of 8.19% during the forecast period.

Market Drivers

Revenue management software is based on both the advantages of software and the traditional revenue management service, making it faster and easier to deploy, increasing the speed of innovation, reducing the cost of ownership, and supporting improved collaboration in the enterprises. It can help organizations automate manual tasks, speed up key financial processes, and promote better coordination between operations and finance. It helps make strategic plans applicable and easy to understand, allows immediate measurement of human resource performance, and helps assign and define strategic goals to the team.

Market Challenges

For many aviation, real estate, and other companies in developing regions, the long-formed traditional revenue management model is still ingrained, and the thinking and behavior have even formed a fixed pattern. The emergence of Revenue Management Software will inevitably challenge traditional theories and operations, and need to overthrow the previous inherent Models and concepts. Therefore, it is still very difficult for many developing regions whose economies and technology are not yet developed. Therefore, the demand for Revenue Management Software in such regions is subject to certain restrictions, which makes it difficult to promote the software.

During the forecast period, the changing management form will be a factor challenging the global revenue management software market. Due to rapid changes in the organizations in different industries, revenue management software need be kept updated. When the downstream client company undergoes major changes, the existing framework of the company's revenue management software players may not be able to meet the various needs of individualization. These players need to be adjusted, updated and upgraded to make them more influential and lean.

Region Overview:

United States had the highest growth rate of all regions.

Company Overview:

Amdocs is one of the major players operating in the Revenue Management Software market, holding a share of 2.53% in 2020.

Amdocs, Inc. offers management and consulting services. The Company provides customer and revenue management, operations support systems, network control, digital services, cable, satellite, and online television, local advertising and media, and customer experience systems. Amdocs operates worldwide.

Huawei Technologies Co., Ltd. provides networking products and telecommunication solutions. The Company researches and develops internet access, transmission network, servers, storage, security, and other networking products. Huawei Technologies also offers business consulting, network integration, assurance, managed, learning, and global delivery services.

Segmentation Overview:

Among different product types, On-premises segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Telecommunication segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Revenue Management Software market covered in Chapter 3:

Oracle
SAP
Huawei
Accenture
Optiva
Ericsson
Workday
CSG Systems International
Amdocs
Netcracker

In Chapter 4 and Chapter 14.2, on the basis of types, the Revenue Management Software market from 2018 to 2029 is primarily split into:

Hosted
On-premises

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Revenue Management Software market from 2018 to 2029 covers:

Aviation
Real Estate & Construction
Media & Entertainment
Telecommunication
Transportation & Logistics
Energy & Utilities
Retail & Wholesale
Manufacturing
Tourism & Hospitality

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)