The Revenue Management Market was valued at USD 18.28 billion in 2022 and is expected to reach USD 36.75 billion by 2030, growing at a CAGR of 9.12% between 2023 and 2030.
.jpg "The Global Revenue Management Market 2020-2030 (USD Billion)")
The growing necessity for competitive pricing strategies, high subscriber base growth in different regions, penetration of smart devices globally, as well as digital transformation to induce the communication service providers for incorporating revenue management via modern systems, are some of the driving factors responsible for the industry growth.
Revenue management includes management of finances of different industry verticals to enhance their profitability from the current supply networks. It enables in projecting the consumer demand along with managing the pricing and inventory respectively to improve overall revenue growth. Revenue management is a widespread approach implemented by enterprises to enhance profitability and deliver various advantages that include generating billing schedules, cash flow management, and improving revenue cycles.
Revenue Management Market Scope
| Metrics | Details |
| Base Year | 2023 |
| Historic Data | 2018-2022 |
| Forecast Period | 2024-2030 |
| Study Period | 2018-2030 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2030 | USD 36.75 billion |
| Growth Rate | CAGR of 9.12 % during 2020-2030 |
| Segment Covered | Component, End-User, Regions |
| Regions Covered | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Key Players Profiled | Oracle, Huawei, Amdocs, Ericsson, Netcracker, CSG, Optiva, Cerillion, Accenture, Mahindra Comviva, SAP, Enghousenetworks, and more. |
Key Segments of the Global Revenue Management Market
Component Overview (USD Billion)
- Solutions
- Billing & Payment
- Price Management
- Revenue Assurance & Fraud Management
- Channel Management
- Services
- Professional Services
- Managed Services
End-User Overview (USD Billion)
- BFSI
- Healthcare
- Hospitality
- IT & Telecom
- Retail
- Transportation
- Utilities
- Others
Regional Overview (USD Billion)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
- South America
- Brazil
- Rest of South America
Frequently Asked Questions (FAQ) :
The market value of revenue management market in 2030 was USD 36.75 billion.
North America dominated the market for revenue management market and accounted for the largest revenue share.
The major contenders in the global revenue management market Oracle, Huawei, Amdocs, Ericsson, Netcracker, CSG, Optiva, Cerillion, Accenture, SAP, Enghousenetworks, and more
Growing consciousness of the direct impact of revenue management solutions on the overall revenues of the enterprises irrespective of their sizes are driving the demand for revenue management Market in the last few years. Moreover, the booming industry verticals that include tourism, manufacturing, airlines, telecommunications, etc. in the developing nations within the Asia Pacific region are the key drivers for the industry growth. An enhanced rate of utilization of a range of revenue management systems in various SMBs, due to the decreasing prices of services and products, along with the flexibility provided by the cloud hosting platforms, is likely to assist the industry witness staggering growth over the forecast period. The cloud is anticipated to be among the popular deployment model in the global revenue management industry in the next five years.
Component Segment
Based on the type segment, the Market is bifurcated into two sub-segments that are solutions, and services. In 2019, the solution segment gathered the highest Market revenue and it is anticipated to govern the revenue management Market throughout the forecast period. However, the services segment is anticipated to grow at a substantial growth rate over the forecast period. The major share of solutions segment revenue is likely to come from the North American region, owing to a wide application of revenue management solutions within the region.
End-User Segment
Based on the end-user, 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 since 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.
The global revenue management 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.
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The major players of the global revenue management Market are Oracle, Huawei, Amdocs, Ericsson, Netcracker, CSG, Optiva, Cerillion, Accenture, Mahindra Comviva, SAP, Enghousenetworks, and more. The revenue management Market is fragmented with the existence of well-known global and domestic players across the globe.