Technavio has been monitoring the hotel and hospitality management software market and it is poised to grow by USD 1.14 billion during 2020-2024, progressing at a CAGR of about 5% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Hotel & Hospitality Management Software Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions-
- At what rate is the market projected to grow during the forecast period 2020-2024?
- Growing at a CAGR of about 5%, the market growth will accelerate in the forecast period.
- What is the key factor driving the market?
- Reduction in overall operational costs is one of the key factors driving the market growth.
- Who are the top players in the market?
- Amadeus IT Group SA, Cisco Systems Inc., Honeywell International Inc., Johnson Controls International Plc, NEC Corp., Oracle Corp., Sabre Corp., Salesforce.com Inc., Schneider Electric SE, and Siemens AG are some of the major market participants.
- Which region is expected to hold the highest market share?
- APAC
- What is the year-over-year growth rate of the global market?
- The year-over-year growth rate for 2020 is estimated at 4.38%.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Amadeus IT Group SA, Cisco Systems Inc., Honeywell International Inc., Johnson Controls International Plc, NEC Corp., Oracle Corp., Sabre GLBL Inc., Salesforce.com Inc., Schneider Electric SE, and Siemens AG are some of the major market participants. The reduction in overall operational costs will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Hotel and Hospitality Management Software Market 2020-2024: Segmentation
Hotel and Hospitality Management Software Market is segmented as below:
-
Deployment
- On-premises
- SaaS-based
-
Geographic Landscape
- APAC
- Europe
- MEA
- North America
- South America
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Hotel and Hospitality Management Software Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our hotel and hospitality management software market report covers the following areas:
- Hotel and Hospitality Management Software Market size
- Hotel and Hospitality Management Software Market trends
- Hotel and Hospitality Management Software Market analysis
This study identifies the rise in cloud integration as one of the prime reasons driving the hotel and hospitality management software market growth during the next few years.
Hotel and Hospitality Management Software Market 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the hotel and hospitality management software market, including some of the vendors such as Amadeus IT Group SA, Cisco Systems Inc., Honeywell International Inc., Johnson Controls International Plc, NEC Corp., Oracle Corp., Sabre GLBL Inc., Salesforce.com Inc., Schneider Electric SE, and Siemens AG. Backed with competitive intelligence and benchmarking, our research reports on the hotel and hospitality management software market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Hotel and Hospitality Management Software Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist hotel and hospitality management software market growth during the next five years
- Estimation of the hotel and hospitality management software market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the hotel and hospitality management software market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of hotel and hospitality management software market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Deployment
- Market segments
- Comparison by Deployment
- SaaS-based - Market size and forecast 2019-2024
- On-premises - Market size and forecast 2019-2024
- Market opportunity by Deployment
Customer Landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Amadeus IT Group SA
- Cisco Systems Inc.
- Honeywell International Inc.
- Johnson Controls International Plc
- NEC Corp.
- Oracle Corp.
- Sabre Corp.
- Salesforce.com Inc.
- Schneider Electric SE
- Siemens AG
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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