Global Revenue Management Market Report 2020 Forecast to 2025

According to a new market research report "Revenue Management Market by Solution (Billing and Payment, Price Management, Revenue Assurance and Fraud Management, and Channel Management), Service, Deployment Mode (On-premises and Cloud), Vertical, and Region – Global Forecast to 2024", published by MarketsandMarkets™, the Revenue Management Market size is projected to grow from USD 14.1 billion in 2019 to USD 22.4 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 9.6% during the forecast period.The major factors driving the growth of the Revenue Management Market include the rising need for competitive pricing strategies, penetration of mobile devices worldwide, high growth in subscriber base in various regions, and digital transformation to compel Communication Service Providers(CSPs) for integrating revenue management throughout modern systems.Browse and in-depth TOC on “Revenue Management Market” 130 - Tables40 - Figures 160 - Pages    Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=264806846By component, the solutions segment to record a larger market size during the forecast periodThe solutions segment consists of billing and payment, price management, revenue assurance and fraud management, channel management where revenue management vendors can provide one-stop, end-to-end solutions for enterprises.

The billing and payment solution comprises intelligent configuration, pricing, and quoting solutions, deal management tender management, order management, and financial accounting.

The channel management solution consists of channel data management, rebate management, and marketing fund management.

The pricing management solution makes use of smart algorithms for data mining and smart pricing algorithms, thus using the information to arrive at better pricing and promotions for enterprises.

The revenue assurance and fraud management solution optimizes enterprise control of the billing chain and ensures billing accuracy to detect even the minutest errors for reducing revenue leaks.By service, the managed services segment to record a higher growth rate during the forecast periodManaged services offer support to businesses through infrastructure management, application configuration management, and business operations management.

It has become difficult for companies to focus on core business processes and support various other functions as well, and therefore managed services have become a high growth segment in the industry.

According to a research report "Revenue Management Market by Solution (Billing and Payment, Price Management, Revenue Assurance and Fraud Management, and Channel Management), Service, Deployment Mode (On-premises and Cloud), Vertical, and Region - Global Forecast to 2024", published by MarketsandMarkets, the revenue management market size is projected to grow from USD 14.1 billion in 2019 to USD 22.4 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 9.6% during the forecast period.

The major factors driving the growth of the revenue management market include the rising need for competitive pricing strategies, penetration of mobile devices worldwide, high growth in subscriber base in various regions, and digital transformation to compel Communication Service Providers(CSPs) for integrating revenue management throughout modern systems.Browse 130 market data Tables and 40 Figures spread through 160 Pages and in-depth TOC on "Revenue Management Market - Global Forecast to 2024"Download PDF Brochure:  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=264806846By component, the solutions segment to record a larger market size during the forecast periodThe solutions segment consists of billing and payment, price management, revenue assurance and fraud management, channel management where revenue management vendors can provide one-stop, end-to-end solutions for enterprises.

The revenue assurance and fraud management solution optimizes enterprise control of the billing chain and ensures billing accuracy to detect even the minutest errors for reducing revenue leaks.By service, the managed services segment to record a higher growth rate during the forecast periodManaged services offer support to businesses through infrastructure management, application configuration management, and business operations management.

It has become difficult for companies to focus on core business processes and support various other functions as well, and therefore managed services have become a high growth segment in the industry.

Managed services provide end users with software configured as per their requirements, offering assistance at every step of the software usage.APAC to record the highest growth during the forecast periodAPAC countries considerably contribute to the growth of the revenue management market.

Japan and India are expected to be the next-high potential preferences for major revenue management vendors due to the presence of major cloud and data center technology companies.Speak to Our Expert Analyst:  https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=264806846Major vendors of include Huawei (China), Amdocs (US) Oracle (US), Netcracker (Japan), CSG (US), Ericsson (Sweden), Cerillion (UK), Mahindra Comviva (India), Optiva (Ireland), SAP (Germany), Accenture (Ireland), Enghousenetworks(Canada), Accelya (India), HQ Revenue (Germany), IDeaS (US), ZuoraREVPRO (2007), R1RCM (US), Workday (US), Fiserv (US), Apttus (US), and Infor (US).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.