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,

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)

Middle East & Africa Revenue Management System Market Segmentation

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.

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