Online Booking Software Market Report

The global online booking software market is prophesied to increase its growth with rising number of travel and hotel bookings and uptake of products and services that help improve business operations. Integration of advanced technologies such as natural language processing and AI in online booking software could make a significant contribution to the growth of the global market. Need to efficiently manage staff and booking data and reduce the number of missed appointments is foretold to drive the demand for online booking software. Companies offering online booking software are expected to expand their product portfolio to attract more consumers and increase their market share.

In August 2019, Square, a US financial services, merchant services aggregator, and mobile payments company, announced in its press release the availability of Orders API to enable developers to create solutions allowing sellers to manage and send orders online as well as in-app and in-person.

Increasing Focus on Avoiding Revenue Loss because of No-shows to Propel Demand

Demand for online booking software is predicted to improve because of the need to reduce administration work related to appointment scheduling and cut down the number of no-shows causing loss of revenue and operating time of enterprises. Use of online booking software is foreseen to increase in the healthcare industry due to high adoption of mHealth apps. Need to improve customer experience could be another important growth driver of the global online booking software market. Aggressive rise in the use of internet and smartphones is also expected to strengthen the growth of the global online booking software market.

Vendors to Concentrate on Adding Innovative Features to Different Products

The global online booking software market witnesses the presence of leading companies, including Booking Live, Planyo, BookingBug, SimplyBook.me, Checkfront, BookFresh (Square), Rezdy, Acuity Scheduling, Breezeworks, Appointy, and Bookeo. Companies operating in the global online booking software market are anticipated to launch new and interesting product features that could further make online booking and payment procedures simpler. Bookeo, an Australian online booking and scheduling system provider, released its more flexible Accept/Deny feature and new Payment Requests feature in August 2019.

By Deployment Model

●  On-premise

●  Cloud-based

By User Base

●  Professional

●  Corporate

By Application

●  E-commerce Enterprise

●  Enterprise E-commerce Department

●  Others

The global online booking software market is segmented into cloud-based and on-premise by deployment model. Demand for cloud-based software is expected to grow due to increased adoption among SMEs because of key advantages such as easy access, improved productivity, and high storage capacity. The on-premise segment is projected to show substantial market growth on the back of increasing focus on high data security. On the basis of user base, the global online booking software market is segmented into professional and corporate. Among these, corporate could exhibit considerable market growth in future. The report also includes thorough analysis of important application segments, viz. enterprise e-commerce department, e-commerce enterprise, and others.

By Region  

North America is foreseen to achieve a remarkable share of the global online booking software market while riding on crucial growth factors such as increasing use of mobile devices and large presence of leading players. According to market observers, a number of service-based enterprises use online booking systems on a large scale, which could augur well for the regional market in North America. Early adoption of digitalization in countries such as the US and Canada could be another significant factor helping with the growth of the North America online booking software market. On the other hand, growing internet penetration in Japan, India, and China is foretold to support the faster market growth in Asia Pacific.

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The software industry has reinvented the future of business over the years. From providing top-notch solutions to customizing them for specific needs, the software industry offers myriad services. Shifting trends and needs of the global citizens has drastically helped the service and software industry as devised applications that were unheard of. We understand your changing needs that demand unique vision and strategy.

The software industry has reinvented the future of business over the years. From providing top-notch solutions to customizing them for specific needs, the software industry offers myriad services. Shifting trends and needs of the global citizens has drastically helped the service and software industry to devise applications that were unheard of. We understand your changing needs that demand unique vision and strategy.

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