Middle East & Africa Revenue Management System Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Solution and Services), Deployment (Cloud Based and On-Premise), and Verticals (IT and Telecom, Hospitality, Travel and Tourism, Retail and Ecommerce, Banking, Healthcare, Insurance, Media and Entertainment, and Others)
The Middle East & Africa revenue management system market is expected to grow from US$ 1,241.61 million in 2022 to US$ 2,373.43 million by 2028. It is estimated to grow at a CAGR of 11.4% from 2022 to 2028.
Increase in the Number of Cross-Department Collaboration Fuel Middle East & Africa Revenue Management System Market
Cross-departmental collaborations follow an approach of “customer-first” in every department of a company. The collaboration aids in fostering the customer’s needs and easing the process of achieving the targets. With modern enterprises adopting and expanding their digital business through subscription and usage business, companies are planning to focus beyond the importance of sales as their source of business success. In addition, cross-department collaborations represent an organizational and cultural shift from the traditional emphasis on new sales to customer retention and upsell and cross-sell opportunities. For instance, revenue managers maximize the property's profitability in the hospitality industry, driving the average daily rate (ADR) while still converting bookings. However, the sales managers responsible for securing group and negotiating business are often paid to maximize the number of contracts they can close, and the room nights booked under group rates. Further, the sales and marketing team works with the revenue manager to identify prospects and remain competitive, which contributes to their plans to boost business. Therefore, a growing number of cross-department collaborations is likely to create a demand for revenue management systems, which is expected to boost the Middle East & Africa revenue management market growth in the coming years.
Middle East & Africa Revenue Management System Market Overview
Based on country, the Middle East & Africa (MEA) revenue management system market is sub segmented into Saudi Arabia, South Africa, the UAE, and the Rest of MEA. The region has experienced a rapid penetration of internet connectivity over the years. The government bodies have also increased their initiatives to promote the adoption of digital technologies across all industry sectors to increase efficiency and compete in the global market. For instance, in March 2021, the Saudi Arabia government launched the Digital Government Authority (DGA) to oversee the national digital strategy across the country. Similarly, according to the World Bank, the government of South Africa has also launched Digital Economy Initiative for Africa (DE4A) to digitalize businesses, governments, and individuals across South Africa by 2030. These factors are expected to increase the demand for several digital solutions across businesses, including revenue management systems, thereby contributing to the growth of the Middle East & Africa revenue management system market.
Middle East & Africa Revenue Management System Market Revenue and Forecast to 2028 (US$ Million)
The Middle East & Africa revenue management system market is segmented into component, deployment, verticals, and country.
Based on component, the Middle East & Africa revenue management system market is segmented into solution, and services. The solution segment held the larger Middle East & Africa revenue management system market share in 2022.
Based on deployment, the Middle East & Africa revenue management system market is segmented into cloud based and on-premise. The cloud based segment held the larger Middle East & Africa revenue management system market share in 2022.
Based on verticals, the Middle East & Africa revenue management system market is segmented into IT and telecom, hospitality, travel and tourism, retail and ecommerce, banking, healthcare, insurance, media and entertainment, and others. The hospitality segment held the largest Middle East & Africa revenue management system market share in 2022.
Based on country, the Middle East & Africa revenue management system market is segmented into the UAE, Saudi Arabia, South Africa, Rest of GCC, and the Rest of Middle East & Africa. The UAE dominated the Middle East & Africa revenue management system market share in 2022.
Accelya Solutions India Ltd; Amdocs Ltd; Cerillion Plc ; CSG Systems International Inc; Telefonaktiebolaget LM Ericsson ; Netcracker Technology Corp; Optiva Inc; Oracle Corp; SAP SE; and Sage Group Plc are the leading companies operating in the Middle East & Africa revenue management system market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Middle East & Africa Revenue Management System Market – By Component
1.3.2 Middle East & Africa Revenue Management System Market – By Deployment
1.3.3 Middle East & Africa Revenue Management System Market – By Verticals
1.3.4 Middle East & Africa Revenue Management System Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East & Africa Revenue Management System Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Middle East & Africa Revenue Management System Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increase in Demand for Revenue & Channel Management and Upgrading the Existing Legacy System
5.1.2 Growing Need for Competitive Pricing Strategies
5.1.3 Rising Use of Subscription-Based Billing & Revenue Management Platforms
5.2 Market Restraints
5.2.1 Incompatibility Issues with Infrastructure
5.3 Market Opportunities
5.3.1 Increase in the Number of Cross-Department Collaboration
5.3.2 Surge in Demand for Personalized Revenue Management Solutions
5.4 Future Trends
5.4.1 Integration of AI and ML Technologies in Billing and Revenue Management Systems
5.4.2 Total Asset Optimization across Hospitality Industry
5.5 Impact Analysis of Drivers and Restraints
6. Revenue Management System Market – Middle East & Africa Analysis
6.1 Middle East & Africa Revenue Management System Market Overview
6.2 Middle East & Africa Revenue Management System Market – Revenue and Forecast to 2028 (US$ Million)
7. Middle East & Africa Revenue Management System Market Analysis – By Component
7.1 Overview
7.2 Middle East & Africa Revenue Management System Market, By Component (2021 and 2028)
7.3 Solution
7.3.1 Overview
7.3.2 Solution: Middle East & Africa Revenue Management System Market – Revenue, and Forecast to 2028 (US$ Million)
7.3.2.1 Billing and Payment
7.3.2.1.1 Overview
7.3.2.1.2 Billing and Payment: Middle East & Africa Revenue Management System Market – Revenue, and Forecast to 2028 (US$ Million)
7.3.2.2 Price Management
7.3.2.2.1 Overview
7.3.2.2.2 Price Management: Middle East & Africa Revenue Management System Market – Revenue, and Forecast to 2028 (US$ Million)
7.3.2.3 Channel Management
7.3.2.3.1 Overview
7.3.2.3.2 Channel Management: Middle East & Africa Revenue Management System Market – Revenue, and Forecast to 2028 (US$ Million)
7.3.2.4 Revenue Assurance & Fraud Management
7.3.2.4.1 Overview
7.3.2.4.2 Revenue Assurance & Fraud Management: Middle East & Africa Revenue Management System Market – Revenue, and Forecast to 2028 (US$ Million)
7.4 Services
7.4.1 Overview
7.4.2 Services: Middle East & Africa Revenue Management System Market – Revenue, and Forecast to 2028 (US$ Million)
7.4.2.1 Professional Services
7.4.2.1.1 Overview
7.4.2.1.2 Professional Services: Middle East & Africa Revenue Management System Market – Revenue, and Forecast to 2028 (US$ Million)
7.4.2.2 Managed Services
7.4.2.2.1 Overview
7.4.2.2.2 Managed Services: Middle East & Africa Revenue Management System Market – Revenue, and Forecast to 2028 (US$ Million)
8. Middle East & Africa Revenue Management System Market Analysis – By Deployment
8.1 Overview
8.2 Middle East & Africa Revenue Management System Market, By Deployment (2021 and 2028)
8.3 Cloud Based
8.3.1 Overview
8.3.2 Cloud: Middle East & Africa Revenue Management System Market- Revenue and Forecast to 2028 (US$ Million)
8.4 On-Premise
8.4.1 Overview
8.4.2 On-Premise: Middle East & Africa Revenue Management System Market- Revenue and Forecast to 2028 (US$ Million)
9. Middle East & Africa Revenue Management System Market Analysis – By Vertical
9.1 Overview
9.2 : Middle East & Africa Revenue Management System Market Breakdown, By Vertical, 2021 & 2028
9.3 IT and Telecom
9.3.1 Overview
9.3.2 IT and Telecom: Middle East & Africa Revenue Management System Market Revenue and Forecast to 2028 (US$ Million)
9.4 Hospitality
9.4.1 Overview
9.4.2 Hospitality: Middle East & Africa Revenue Management System Market Revenue and Forecast to 2028 (US$ Million)
9.5 Travel and Tourism
9.5.1 Overview
9.5.2 Travel and Tourism: Middle East & Africa Revenue Management System Market Revenue and Forecast to 2028 (US$ Million)
9.6 Retail and Ecommerce
9.6.1 Overview
9.6.2 Retail and Ecommerce: Middle East & Africa Revenue Management System Market Revenue and Forecast to 2028 (US$ Million)
9.7 Banking
9.7.1 Overview
9.7.2 Banking: Middle East & Africa Revenue Management System Market Revenue and Forecast to 2028 (US$ Million)
9.8 Healthcare
9.8.1 Overview
9.8.2 Healthcare: Middle East & Africa Revenue Management System Market Revenue and Forecast to 2028 (US$ Million)
9.9 Insurance
9.9.1 Overview
9.9.2 Insurance: Middle East & Africa Revenue Management System Market Revenue and Forecast to 2028 (US$ Million)
9.10 Media and Entertainment
9.10.1 Overview
9.10.2 Media and Entertainment: Middle East & Africa Revenue Management System Market Revenue and Forecast to 2028 (US$ Million)
9.11 Others
9.11.1 Overview
9.11.2 Others: Middle East & Africa Revenue Management System Market Revenue and Forecast to 2028 (US$ Million)
10. Middle East & Africa Revenue Management System Market – Country Analysis
10.1 Overview
10.1.1 Middle East & Africa Revenue Management System Market Breakdown, by Country
10.1.1.1 UAE : Middle East & Africa Revenue Management System Market, Revenue and Forecast to 2028
10.1.1.1.1 UAE : Middle East & Africa Revenue Management System Market Breakdown, By Component
10.1.1.1.1.1 UAE : Middle East & Africa Revenue Management System Market Breakdown, By Solution
10.1.1.1.1.2 UAE : Middle East & Africa Revenue Management System Market Breakdown, By Services
10.1.1.1.2 UAE : Middle East & Africa Revenue Management System Market Breakdown, By Deployment
10.1.1.1.3 UAE : Middle East & Africa Revenue Management System Market Breakdown, By Verticals
10.1.1.2 Saudi Arabia : Middle East & Africa Revenue Management System Market, Revenue and Forecast to 2028
10.1.1.2.1 Saudi Arabia : Middle East & Africa Revenue Management System Market Breakdown, By Component
10.1.1.2.1.1 Saudi Arabia : Middle East & Africa Revenue Management System Market Breakdown, By Solution
10.1.1.2.1.2 Saudi Arabia : Middle East & Africa Revenue Management System Market Breakdown, By Services
10.1.1.2.2 Saudi Arabia : Middle East & Africa Revenue Management System Market Breakdown, By Deployment
10.1.1.2.3 Saudi Arabia : Middle East & Africa Revenue Management System Market Breakdown, By Verticals
10.1.1.3 South Africa : Middle East & Africa Revenue Management System Market, Revenue and Forecast to 2028
10.1.1.3.1 South Africa : Middle East & Africa Revenue Management System Market Breakdown, By Component
10.1.1.3.1.1 South Africa : Middle East & Africa Revenue Management System Market Breakdown, By Solution
10.1.1.3.1.2 South Africa : Middle East & Africa Revenue Management System Market Breakdown, By Services
10.1.1.3.2 South Africa : Middle East & Africa Revenue Management System Market Breakdown, By Deployment
10.1.1.3.3 South Africa : Middle East & Africa Revenue Management System Market Breakdown, By Verticals
10.1.1.4 Rest of GCC : Middle East & Africa Revenue Management System Market, Revenue and Forecast to 2028
10.1.1.4.1 Rest of GCC : Middle East & Africa Revenue Management System Market Breakdown, By Component
10.1.1.4.1.1 Rest of GCC : Middle East & Africa Revenue Management System Market Breakdown, By Solution
10.1.1.4.1.2 Rest of GCC : Middle East & Africa Revenue Management System Market Breakdown, By Services
10.1.1.4.2 Rest of GCC : Middle East & Africa Revenue Management System Market Breakdown, By Deployment
10.1.1.4.3 Rest of GCC : Middle East & Africa Revenue Management System Market Breakdown, By Verticals
10.1.1.5 Rest of Middle East & Africa: Middle East & Africa Revenue Management System Market, Revenue and Forecast to 2028
10.1.1.5.1 Rest of Middle East & Africa: Middle East & Africa Revenue Management System Market Breakdown, By Component
10.1.1.5.1.1 Rest of Middle East & Africa: Middle East & Africa Revenue Management System Market Breakdown, By Solution
10.1.1.5.1.2 Rest of Middle East & Africa: Middle East & Africa Revenue Management System Market Breakdown, By Services
10.1.1.5.2 Rest of Middle East & Africa: Middle East & Africa Revenue Management System Market Breakdown, By Deployment
10.1.1.5.3 Rest of Middle East & Africa: Middle East & Africa Revenue Management System Market Breakdown, By Verticals
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
11.4 Merger and Acquisition
12. Company Profiles
12.1 Accelya Solutions India Ltd
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Amdocs Ltd
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Cerillion Plc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 CSG Systems International Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Telefonaktiebolaget LM Ericsson
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Netcracker Technology Corp
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Optiva Inc
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Oracle Corp
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 SAP SE
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Sage Group Plc
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. Middle East & Africa Revenue Management System Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Middle East & Africa Revenue Management System Market Breakdown, by Country – By Deployment (US$ Million)
Table 3. Middle East & Africa Revenue Management System Market Breakdown, by Country – By Country (US$ Million)
Table 4. UAE : Middle East & Africa Revenue Management System Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 5. UAE : Middle East & Africa Revenue Management System Market, Revenue and Forecast to 2028 – By Solution (US$ Million)
Table 6. UAE : Middle East & Africa Revenue Management System Market, Revenue and Forecast to 2028 – By Services (US$ Million)
Table 7. UAE : Middle East & Africa Revenue Management System Market, Revenue and Forecast to 2028 – By Deployment (US$ Million)
Table 8. UAE : Middle East & Africa Revenue Management System Market, Revenue and Forecast to 2028 – By Verticals (US$ Million)
Table 9. Saudi Arabia : Middle East & Africa Revenue Management System Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 10. Saudi Arabia : Middle East & Africa Revenue Management System Market, Revenue and Forecast to 2028 – By Solution (US$ Million)
Table 11. Saudi Arabia : Middle East & Africa Revenue Management System Market, Revenue and Forecast to 2028 – By Services (US$ Million)
Table 12. Saudi Arabia : Middle East & Africa Revenue Management System Market, Revenue and Forecast to 2028 – By Deployment (US$ Million)
Table 13. Saudi Arabia : Middle East & Africa Revenue Management System Market, Revenue and Forecast to 2028 – By Verticals (US$ Million)
Table 14. South Africa : Middle East & Africa Revenue Management System Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 15. South Africa : Middle East & Africa Revenue Management System Market, Revenue and Forecast to 2028 – By Solution (US$ Million)
Table 16. South Africa : Middle East & Africa Revenue Management System Market, Revenue and Forecast to 2028 – By Services (US$ Million)
Table 17. South Africa : Middle East & Africa Revenue Management System Market, Revenue and Forecast to 2028 – By Deployment (US$ Million)
Table 18. South Africa : Middle East & Africa Revenue Management System Market, Revenue and Forecast to 2028 – By Verticals (US$ Million)
Table 19. Rest of GCC : Middle East & Africa Revenue Management System Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 20. Rest of GCC : Middle East & Africa Revenue Management System Market, Revenue and Forecast to 2028 – By Solution (US$ Million)
Table 21. Rest of GCC : Middle East & Africa Revenue Management System Market, Revenue and Forecast to 2028 – By Services (US$ Million)
Table 22. Rest of GCC : Middle East & Africa Revenue Management System Market, Revenue and Forecast to 2028 – By Deployment (US$ Million)
Table 23. Rest of GCC : Middle East & Africa Revenue Management System Market, Revenue and Forecast to 2028 – By Verticals (US$ Million)
Table 24. Rest of Middle East & Africa: Middle East & Africa Revenue Management System Market, Revenue and Forecast to 2028 – By Component (US$ Million)
Table 25. Rest of Middle East & Africa: Middle East & Africa Revenue Management System Market, Revenue and Forecast to 2028 – By Solution (US$ Million)
Table 26. Rest of Middle East & Africa: Middle East & Africa Revenue Management System Market, Revenue and Forecast to 2028 – By Services (US$ Million)
Table 27. Rest of Middle East & Africa: Middle East & Africa Revenue Management System Market, Revenue and Forecast to 2028 – By Deployment (US$ Million)
Table 28. Rest of Middle East & Africa: Middle East & Africa Revenue Management System Market, Revenue and Forecast to 2028 – By Verticals (US$ Million)
Table 29. List of Abbreviation
LIST OF FIGURES
Figure 1. Middle East & Africa Revenue Management System Market Segmentation
Figure 2. Middle East & Africa Revenue Management System Market Segmentation – By Country
Figure 3. Middle East & Africa Revenue Management System Market Overview
Figure 4. Solution Segment held the Largest Share of Middle East & Africa Revenue Management System Market
Figure 5. The UAE to Show Great Traction During Forecast Period
Figure 6. MEA: PEST Analysis
Figure 7. Expert Opinion
Figure 8. Middle East & Africa Revenue Management System Market Impact Analysis of Drivers and Restraints
Figure 9. Middle East & Africa Revenue Management System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. Middle East & Africa Revenue Management System Market Breakdown, By Component, 2021 & 2028 (%)
Figure 11. Solution: Middle East & Africa Revenue Management System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 12. Billing and Payment: Middle East & Africa Revenue Management System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 13. Price Management: Middle East & Africa Revenue Management System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 14. Channel Management: Middle East & Africa Revenue Management System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 15. Revenue Assurance & Fraud Management: Middle East & Africa Revenue Management System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 16. Services: Middle East & Africa Revenue Management System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 17. Professional Services: Middle East & Africa Revenue Management System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 18. Managed Services: Middle East & Africa Revenue Management System Market – Revenue, and Forecast to 2028 (US$ Million)
Figure 19. : Middle East & Africa Revenue Management System Market Breakdown, By Deployment, 2021 & 2028 (%)
Figure 20. Cloud: Middle East & Africa Revenue Management System Market- Revenue and Forecast to 2028 (US$ Million)
Figure 21. On-Premise: Middle East & Africa Revenue Management System Market- Revenue and Forecast to 2028 (US$ Million)
Figure 22. : Middle East & Africa Revenue Management System Market Breakdown, By Verticals, 2021 & 2028 (%)
Figure 23. IT and Telecom: Middle East & Africa Revenue Management System Market Revenue and Forecast to 2028 (US$ Million)
Figure 24. Hospitality: Middle East & Africa Revenue Management System Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Travel and Tourism: Middle East & Africa Revenue Management System Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Retail and Ecommerce: Middle East & Africa Revenue Management System Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Banking: Middle East & Africa Revenue Management System Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Healthcare: Middle East & Africa Revenue Management System Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Insurance: Middle East & Africa Revenue Management System Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. Media and Entertainment: Middle East & Africa Revenue Management System Market Revenue and Forecast to 2028 (US$ Million)
Figure 31. Others: Middle East & Africa Revenue Management System Market Revenue and Forecast to 2028 (US$ Million)
Figure 32. Middle East & Africa Revenue Management System Market, by Key Country Revenue (2021) (US$ Million)
Figure 33. Middle East & Africa Revenue Management System Market Breakdown, by Country, 2021 & 2028 (%)
Figure 34. UAE : Middle East & Africa Revenue Management System Market, Revenue and Forecast to 2028 (US$ Million)
Figure 35. Saudi Arabia : Middle East & Africa Revenue Management System Market, Revenue and Forecast to 2028 (US$ Million)
Figure 36. South Africa : Middle East & Africa Revenue Management System Market, Revenue and Forecast to 2028 (US$ Million)
Figure 37. Rest of GCC : Middle East & Africa Revenue Management System Market, Revenue and Forecast to 2028 (US$ Million)
Figure 38. Rest of Middle East & Africa: Middle East & Africa Revenue Management System Market, Revenue and Forecast to 2028 (US$ Million)
- Accelya Solutions India Ltd
- Amdocs Ltd
- Cerillion Plc
- CSG Systems International Inc
- Telefonaktiebolaget LM Ericsson
- Netcracker Technology Corp
- Optiva Inc
- Oracle Corp
- SAP SE
- Sage Group Plc
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa revenue management system market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in Middle East & Africa revenue management system market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.