The revenue management software market is predicted to increase significantly at a 13.5% CAGR during the forecast period, reaching an estimated value of US$ 71.27 billion by 2033. In 2023, the global market size is expected to surpass US$ 20.09 billion. Risk Management solution is expected to be the leading revenue-generating category, with a projected CAGR of 12.2% from 2023 to 2033.
Revenue management software provides flexibility by enabling users to connect on any device and giving them access to current data. Systems for managing revenue make it possible for companies to save their data on the cloud.
Shifting toward cloud-based deployment is an emerging trend for all sectors, and it has a great impact on the revenue management software demand. Businesses must emphasize mobile optimization to avoid falling behind their competitors. Due to this, making a website mobile-friendly guarantees that the pages load quickly and display information on various mobile devices.
Customers can pay for goods or services depending on their usage thanks to subscription-based billing and revenue management methods (pay-as-you-go). Also, the automated and standard invoicing and revenue management procedures for subscription-based services are reliable and secure.
As it helps in the management of high-quality data in terms of products, entitlements, customers, and partners - supported by an integrated application architecture, it is likely to be an excellent profit deal for revenue management software companies.
The necessity for aggressive pricing strategies and increasing improvements to older revenue and channel management software are fueling the market's expansion further. Better pricing strategies for long-term decisions based on competitor data and evolving trends are made possible with the aid of revenue management software applications.
| Attributes | Details |
|---|---|
| Revenue Management Software Market CAGR (2023 to 2033) | 13.5% |
| Revenue Management Software Market Size (2023) | US$ 20.09 billion |
| Revenue Management Software Market Size (2033) | US$ 71.27 billion |
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According to FMI, the revenue management software industry is predicted to expand from a historical 9.6% CAGR to 13.5% CAGR during the forecast period.
Many systems are inextricably linked to revenue management and contribute to its success in the BFSI and telecommunications industries, such as channel managers, rate shoppers, and market share providers.
Increased customer awareness and growing demand for system integration are driving the global revenue management software sector. Furthermore, increased distribution of ancillaries through e-travel platforms propels market growth.
The implementation of revenue management software is booming, as it helps businesses predict market trends. By implementing the new technologies, market leaders are extending their consumer base.
PROS, for example, is a market leader in revenue management technology. In addition to highlighting important revenue drivers, it uses more than 30 years of data science, predictive analysis, and machine learning to create a strong management system.
This is done to foresee market trends and forecast more precisely, without the need for new data. PROS' revenue management solutions can incorporate additional factors like brand loyalty and scheduling habits to create consistently profitable revenue models through scientific methods.
Principal Consultant
Risk Management solution is forecast to have a leading CAGR of over 12.2% by 2033. Risk management strategies can aid in the reduction or elimination of risks, while also trying to capitalize on the opportunity afforded by complex Black Swan incidents.
This goal can be achieved through the use of project risk, risk process initiation, risk assessment, risk evaluation, activity recognition, retrieval, communication, and learning.
Revenue management is shifting its focus from core product output to overall contribution from all sales opportunities, which is increasingly resulting in profit optimization. Revenue management has progressed from a yield enhancement function to a more strategic function encompassing finance, advertising, and operational processes.
The primary drivers of this evolution have been the internet's emergence and the purchasing power it has transmitted to the consumer. During both boom-and-bust economic cycles, effective strategic revenue management has become critical to the success and longevity of hospitality sector organizations.
Revenue management has been shown by low-cost carriers to significantly increase load factors and earnings. A highly competitive model of aggressive cost management combined with yield management and customer relationship management has emerged as a result of positive customer feedback.
Cloud deployment of revenue management software is forecast to grow at the leading CAGR of over 12% by 2033. The adoption of cloud computing is accelerating in nearly every business function. In the end, the deployment of cloud systems outperforms that of on-premise systems.
At its most basic, the cloud improves efficiency. In addition to increased efficiency, switching to cloud-based revenue management software is likely to provide customers with additional benefits.
According to a survey conducted by Flexera, about half of the decision-makers intend to increase their cloud usage and spending. The adoption of public clouds is likely to accelerate in the future, with 36% of businesses spending more than US$12 million per year on public clouds and 90% expecting cloud utilization to outweigh previous forecasts.
| Regions | Key Players’ Developments |
|---|---|
| North America |
|
| Europe | The multi-tenanted BSS platform from Cerillion went operational for LINK Mobility in numerous European nations in November 2022. LINK standardized its billing procedures in Europe with the aid of Cerillion. |
| Asia Pacific | Reliance Jio, an Indian provider of telecom services, declared in August 2022 that it had won an auction held by the Indian government's Ministry of Communications to purchase spectrum in the 1800 MHz, 800 MHz, 3300MHz, 26GHz, and 700 MHz bands. They can start rolling out their 5G network services thanks to this acquisition. |
The United States is expected to account for the leading market share of US$ 36.8 billion by 2033. Technological advancements and an increase in the number of software development activities are the key drivers of growth in the region.
For instance, in June 2022, Swire Hotels selected the IDeaS G3 revenue management system to unify its group revenue management approach across its seven hotels.
Previously, Swire Hotels approached revenue management on an individual property basis, resulting in the use of various vendors and systems across its portfolio. Swire Hotels sought to standardize its revenue management process in order to improve group efficiency.
G3 RMS intends to increase revenue by offering a unified version of data and analysis at the group level. Swire Hotels benefit from IDeaS's strategic revenue management support at the property and group levels as their portfolio grows.
IDeaS G3 RMS calculates the cost of acquiring clients through a specific channel or OTA. This information helps restaurant owners determine the long-term value of a channel, in contrast to the costs of obtaining reservations via that channel.
The demand for effective revenue management solutions to improve pricing strategies and increase profitability is one of the many factors driving the growth of the revenue management software sector in the United Kingdom. Furthermore, by enabling more precise and real-time revenue forecasting and pricing optimization, the development of sophisticated analytics and artificial intelligence (AI) technologies is further boosting the market growth in the United Kingdom.
By enabling more precise and real-time revenue forecasting and pricing optimization, the growth of e-commerce platforms and online shopping trends are helping to fuel the sector's strong CAGR of 18.6% by 2033 in China.
The market expansion in the area is also being fueled by the growing use of revenue management software across a number of sectors, including hospitality, transportation, and retail.
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To remain competitive in the ecosystem of the revenue management software market, players that operate in it frequently use inorganic development techniques.
Recent Development:
The market to secure a valuation of US$ 20.09 billion in 2023.
The market is estimated to reach US$ 71.27 billion by 2033.
Through 2033, the market is anticipated to expand at a 13.5% CAGR.
The global market advanced at a HCAGR of 9.6% from 2018 to 2022.
With a projected CAGR of 12.2% through 2033, the risk management solution may be a lucrative revenue-generating category.
By 2033, the United States ought to have a significant share of the market, reaching to US$ 36.8 billion.
1. Executive Summary | Revenue Management Software Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By Component, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Component, 2023 to 2033
5.3.1. Solution
5.3.2. Services
5.4. Y-o-Y Growth Trend Analysis By Component, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Component, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Deployment
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Deployment, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Deployment, 2023 to 2033
6.3.1. Cloud Based
6.3.2. On-Premise
6.4. Y-o-Y Growth Trend Analysis By Deployment, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Deployment, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Verticals
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) Analysis By Verticals, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Verticals, 2023 to 2033
7.3.1. IT & Telecom
7.3.2. Hospitality
7.3.3. Travel and Tourism
7.3.4. Retail and E-commerce
7.3.5. Banking
7.3.6. Healthcare
7.3.7. Insurance
7.3.8. Media & Entertainment
7.3.9. Others
7.4. Y-o-Y Growth Trend Analysis By Verticals, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Verticals, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. South Asia
8.3.5. East Asia
8.3.6. Oceania
8.3.7. MEA
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Component
9.2.3. By Deployment
9.2.4. By Verticals
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Component
9.3.3. By Deployment
9.3.4. By Verticals
9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Component
10.2.3. By Deployment
10.2.4. By Verticals
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Component
10.3.3. By Deployment
10.3.4. By Verticals
10.4. Key Takeaways
11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. United Kingdom
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Europe
11.2.2. By Component
11.2.3. By Deployment
11.2.4. By Verticals
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Component
11.3.3. By Deployment
11.3.4. By Verticals
11.4. Key Takeaways
12. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Malaysia
12.2.1.3. Singapore
12.2.1.4. Thailand
12.2.1.5. Rest of South Asia
12.2.2. By Component
12.2.3. By Deployment
12.2.4. By Verticals
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Component
12.3.3. By Deployment
12.3.4. By Verticals
12.4. Key Takeaways
13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Component
13.2.3. By Deployment
13.2.4. By Verticals
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Component
13.3.3. By Deployment
13.3.4. By Verticals
13.4. Key Takeaways
14. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. Australia
14.2.1.2. New Zealand
14.2.2. By Component
14.2.3. By Deployment
14.2.4. By Verticals
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Component
14.3.3. By Deployment
14.3.4. By Verticals
14.4. Key Takeaways
15. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Component
15.2.3. By Deployment
15.2.4. By Verticals
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Component
15.3.3. By Deployment
15.3.4. By Verticals
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2022
16.1.2.1. By Component
16.1.2.2. By Deployment
16.1.2.3. By Verticals
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2022
16.2.2.1. By Component
16.2.2.2. By Deployment
16.2.2.3. By Verticals
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2022
16.3.2.1. By Component
16.3.2.2. By Deployment
16.3.2.3. By Verticals
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2022
16.4.2.1. By Component
16.4.2.2. By Deployment
16.4.2.3. By Verticals
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2022
16.5.2.1. By Component
16.5.2.2. By Deployment
16.5.2.3. By Verticals
16.6. United Kingdom
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2022
16.6.2.1. By Component
16.6.2.2. By Deployment
16.6.2.3. By Verticals
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2022
16.7.2.1. By Component
16.7.2.2. By Deployment
16.7.2.3. By Verticals
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2022
16.8.2.1. By Component
16.8.2.2. By Deployment
16.8.2.3. By Verticals
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2022
16.9.2.1. By Component
16.9.2.2. By Deployment
16.9.2.3. By Verticals
16.10. India
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2022
16.10.2.1. By Component
16.10.2.2. By Deployment
16.10.2.3. By Verticals
16.11. Malaysia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2022
16.11.2.1. By Component
16.11.2.2. By Deployment
16.11.2.3. By Verticals
16.12. Singapore
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2022
16.12.2.1. By Component
16.12.2.2. By Deployment
16.12.2.3. By Verticals
16.13. Thailand
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2022
16.13.2.1. By Component
16.13.2.2. By Deployment
16.13.2.3. By Verticals
16.14. China
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2022
16.14.2.1. By Component
16.14.2.2. By Deployment
16.14.2.3. By Verticals
16.15. Japan
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2022
16.15.2.1. By Component
16.15.2.2. By Deployment
16.15.2.3. By Verticals
16.16. South Korea
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2022
16.16.2.1. By Component
16.16.2.2. By Deployment
16.16.2.3. By Verticals
16.17. Australia
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2022
16.17.2.1. By Component
16.17.2.2. By Deployment
16.17.2.3. By Verticals
16.18. New Zealand
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2022
16.18.2.1. By Component
16.18.2.2. By Deployment
16.18.2.3. By Verticals
16.19. GCC Countries
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2022
16.19.2.1. By Component
16.19.2.2. By Deployment
16.19.2.3. By Verticals
16.20. South Africa
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2022
16.20.2.1. By Component
16.20.2.2. By Deployment
16.20.2.3. By Verticals
16.21. Israel
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2022
16.21.2.1. By Component
16.21.2.2. By Deployment
16.21.2.3. By Verticals
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Component
17.3.3. By Deployment
17.3.4. By Verticals
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. Accelya Solutions India Ltd
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.2. Amdocs Ltd
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.3. Cerillion Plc
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.4. CSG Systems International Inc.
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.5. Telefonaktiebolaget LM Ericsson
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.6. Netcracker Technology Corp
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.7. Optiva Inc.
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.8. Oracle Corp
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.9. SAP SE
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.10. Sage Group Plc
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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Revenue Management Software Market
