According to a recent report published by Allied Market Research, titled, ” Revenue Management Market by Solution (Auto Risk Management, Pricing & Revenue Forecast Management, Revenue Analytics, Data Management, Channel Revenue Management Motive System, and Accessories Revenue Management Market), Service (Professional Services and Managed Services), Application (Aviation, Real Estate & Construction, Media & Entertainment, Telecommunication, Transportation & Logistics, Energy & Utilities, Retail & Wholesale, Manufacturing, and Tourism & Hospitality) – Global Opportunity Analysis and Industry Forecast, 2022-2029″.
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The global revenue management market is driven by increase in customer awareness and rise in demand for system integration. Moreover, growth in distribution of ancillaries through e-travel platforms boosts the market growth.
However, inability to cope up with the evolving market, and cross platform applications hampers the revenue management market growth. Conversely, increase in demand for revenue & channel management and upgrading the existing legacy system are expected to propel the market growth.
The global revenue management market is segmented based on solution, service, application, and geography. Based on solution, it is divided into risk management, pricing & revenue forecast management, revenue analytics, data management, and channel revenue management. Based on service, it is bifurcated into professional services and managed services. On the basis of application, it is categorized into aviation, real estate & construction, media & entertainment, telecommunication, transportation & logistics, energy & utilities, retail & wholesale, manufacturing, and tourism & hospitality. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Revenue management is comprehensive approach adopted by companies to increase profitability and offer various benefits such as management of cash flow, generating billing schedules, and enhancing revenue cycle.
The key players profiled in the report include, Airline Software s.r.o, Cartrawler, Concur Technologies Inc. (SAP), Lemax Inc., PAXPORT AB., PROS, Inc., Radixx International, Inc., Revenue Analytics, Revenue Matters, and SAS institute Inc.
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