PR.Doc Global Revenue Management Market

“The global revenue mangement market market is expected to reach $21,960 million by 2022 growing at 19% CAGR during 2016-2022.” notes OBRC analyst Meenal Raj. “Last decades have brought significant revenue management systems development in order to enhance the revenue data efficiency owing to rising demand for system integration in busines enterprises alongwith increasing subscription base. Revenue management solutions comfort the organization with the abilities to cater tailored products to customers on the basis of their attributes alongwith personalized pricing.”

With the enhancement of legacy system, a postive growing trend has been noticed in revenue mangement market with huge opportunities for revenue management solution service providers, consulting companies, vendors and platform providers. Its rising applications in small and medium enterprises & businesses has contributed significantly towards the revenue mangement market growth along with increasing customer awareness.

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Rising demand for system integration to fuel revenue management market

Huge investment in IT infrastructure has led to the the increasing demand for system integration. Nowadays, domestic firms are aiming to work at global level and global firms are desiring to penetrate the market. Numerous small, medium and large scale enterprises are using system integration service with their motive to decrease the total operational cost. This has led to the rising demand for system integration in the enterprises globally. Apart from these driving forces, less integration standards in IT sector and high implementation time and cost are hindering the growth of system integration.

Lack of technological awareness is a major challenge before revenue mangement market

Lack of technological awareness has negatively influenced the growth of revenue mangement market. It results in less adaption of system integration services alongwith continuous usage of traditional revenue management techniques. Traditional revenue management techniques are less efficient in terms of sustaining revenue data and in providing accurate results as per demand.

Rising demand for channel management and revenue data to accelerate the market opportunities

Strong channel management helps in empowering brand value. It also possess the capability to control price reductions. It helps in creating and maintaining customer loyalty as well as strengthens the channel partner relationship. It rising usage among entreprises is contributing significantly towards the growth of revenue management market. Increasing demand for revenue data in order to maintain effciency in the management procedures related to company’s revenue has also made significant impact in the increasing adaptation of data management services among enterprises.

North America is leading the global revenue mangementmarket 35.5% market share of the global volume in 2014. The region generates around $6100 million revenue in 2014. Early adaptation of revenue management services & solutions and technological adavancements has led to the increasing revenue management market in the region. Growing Information and Communications technology integration among different application areas has also contributed significantly towards the growth of revenue management market in the region.Asia pacific is also anticipated to witness significant demand owing to increasing expenditure on technological advancements and penetration of revenue management services and solutions in the manufacturing industries established in emerging countries such as India, China and Japan.

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