Summary
The global Billing And Revenue Management Software Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Overview
A billing and revenue management software automates the process of leveraging analytics. It is typically used in the hospitality industry to determine the right price of hotel rooms and maximize profitability as well as revenue. The global billing and revenue management software market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global billing and revenue management software market is expected to witness significant growth during the forecast period, owing to increasing need for competitive pricing strategies.
Market Drivers
Growing penetration of mobile devices is expected to drive growth of the global billing and revenue management software market during the forecast period. The number of mobile subscribers has increased significantly over the years across the globe. According to the GSMA Intelligence, in 2020, there were around 5.22 billion unique mobile phone users across the globe. Such a massive increase in mobile subscribers has increased the demand for such software solutions. Hence, these factors are expected to drive growth of the global billing and revenue management software market during the forecast period. Furthermore, increasing need for competitive pricing strategies is expected to propel the global billing and revenue management software market growth over the forecast period.
Market Restraints
Lack of skilled personnel to operate these systems is expected to restrain growth of the global billing and revenue management software market during the forecast period.
Regional Insights
Among regions, North America is expected to witness significant growth in the global billing and revenue management software market during the forecast period. This is owing to high preference for automating business processes and the presence of key market players. Furthermore, Asia Pacific is expected to register a robust growth rate, owing to expanding banking and financial sector.
Competitive Section
Key companies operating in the global billing and revenue management software market are Accenture, Ericsson, SAP, HPE, Huawei, Oracle, Amdocs, NEC, and Alcatel-Lucent.
For instance, in November 2020, Amdocs partnered with CTM to boost 5G monetization.
The Billing And Revenue Management Software Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Billing And Revenue Management Software Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Accenture
- Ericsson
- Huawei
- NEC
- Oracle
- Alcatel-Lucent
- Amdocs
- SAP
- HPE
By the Product Type, the market is primarily segmented into:
By Applications, the market is segmented into:
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Billing And Revenue Management Software Market Report:
- To assess the size of the market by value and volume
- Analyze the Billing And Revenue Management Software Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Billing And Revenue Management Software Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Billing And Revenue Management Software Market
The Billing And Revenue Management Software Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Billing And Revenue Management Software Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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