The global revenue management system market is anticipated to witness a double-digit CAGR up to 2023, according to a report published by S&P consulting. Revenue management system models have undergone technological changes leading into a higher technological capability.
global revenue management system market is anticipated to witness a double-digit CAGR up to 2023, according to a report published by S&P consulting. Revenue management system models have undergone technological changes leading into a higher technological capability. The constant change contributes to a hotel’s revenue without any hassles, since using a revenue management system for hoteling business is an inventive marketing strategy. A revenue management system drives a smooth business by catering to E-commerce, client engagement and customer relationship.— The
Data analysis and machine-learning processing systems are now witnessing recent innovations to take things to a next level. For instance, platforms such as IDeaS encompass data analysis techniques and is influential to decide on pricing. IDeaS is one such platform that has now gained a wider acceptance as highly rated revenue management software and claims to win the HotelTech Awards. IDeaS aims for sustained growth in 2018 with a clientele of more than ten thousand hotel properties across 100 countries. It empowers hoteliers to opt for efficient revenue management models.
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The Revenue Management System Market is quadfurcated based on type, deployment mode, application, end user, and geography. The prominent types associated with it include Solution and Services. The deployment modes employed by the system may entail Cloud, and On-premise. The Cloud deployment mode is likely to take over a major share in the market owing to exceptional flexibility offered by cloud hosting platforms. Geographical segmentation for revenue management system market includes North America, Latin America, Europe, Middle East, Asia-Pacific and Africa.
The key players in the revenue management system market include Atos Consulting, CSG International, AsianInfo, Accenture, Alcatel-Lucent, Amdocs, CGI Group, Comptel, Ericsson and others. The leading manufacturers are taking up policies such as partnerships, mergers and acquisitions and joint ventures to propel the inorganic market growth.
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