Global Online Booking Tools Market by Type (Cloud Based, On-Premises), By Application (SMEs, Large Enterprises) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global online booking tools market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for online booking tools from SMEs and large enterprises across the globe. Additionally, the growing trend of cloud-based online booking tools is also contributing to the growth of this market. However, lack of awareness about online booking tools among end users is restraining the growth of this market. On-premises based online booking tools are expected to dominate this market during the forecast period owing to their high adoption rates by SMEs and large enterprises across regions such as North America, Latin America, Europe, Asia Pacific and Middle East & Africa (MEA). Cloud-based online booking tools are witnessing high adoption rates due to their low cost and easy deployment options; these factors are expected propel their growth in coming years. The application segment for global online bookings tool market is classified into SMEs and large enterprises. The SME segment dominates this market with a majority share owing its higher adoption rates by small businesses across regions such as North America, Latin America, Europe Asia Pacific MEA region .



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Product Definition:

An online booking tool is a piece of software that allows customers to book appointments or services online. This can be used by businesses of all sizes, from large corporations to small start-ups. Online booking tools are important because they allow businesses to connect with more customers and make it easier for customers to book appointments or services.

Cloud Based:

Cloud-based software is a type of Software as a Service (SaaS) that provides shared computer resources over the internet. The service may be used to run applications, including web-based email and web browsing, which are then accessible from any location through an Internet connection. Cloud computing has witnessed significant growth in recent years owing to its cost effectiveness and ease of use.

On-Premises:

On-premises is a term used for software and hardware installation at the organization's premise, which can be in the form of a sole server or can comprise several servers. The on-premises software solutions are generally installed by an organization’s own IT department to cater to its internal needs. These solutions help organizations manage their data internally and protect it from external threats such as hackers and cyber criminals.

Application Insights:

The Small and Medium-sized Enterprises (SMEs) application segment led the global online booking tools market in 2017. The SMEs are considered to be the backbone of any economy, as they are largely responsible for generating revenue through their small businesses. According to a study published by KPMG in 2015, it was estimated that around 50% of an economy¢â‚¬â„¢s GDP is generated by SMEs across the world. This also means that majority of companies bookings done through these firms generate more than enough revenue for an entire company or organization.

The Large Enterprise application segment is expected to witness significant growth over the forecast period owing to its ability to secure large discounts and offers on hotels and travel packages with ease at a time when consumers have become more discerning about spending their money on luxury vacations or business travels abroad.

Regional Analysis:

North America dominated the global market in 2017. The growth of this region can be attributed to the presence of a large number of online travel agencies (OTAs) and hotel operators. Furthermore, these companies are focusing on developing innovative technologies that would enhance customer experience and increase revenue through enhanced services for hotels, such as personalized recommendations based on past bookings or providing real-time availability for rooms. Moreover, North America is home to several technology giants such as Google Inc., Booking Holdings Limited and Expedia Inc., who are continuously working toward offering enhanced services to travelers worldwide.

Asia Pacific is expected to witness significant growth over the forecast period owing to increasing internet penetration rates coupled with growing e-commerce industry in countries like India & China.

Growth Factors:

Increasing demand for online booking tools from small and medium-sized businesses (SMBs) due to the ease of use and time savings.
The growing trend of mobile bookings, as more people are using their smartphones and tablets to make reservations.
The increasing popularity of cloud-based solutions, which makes it easy for businesses to manage their reservations from any location or device.
The development of new features and functionality that help businesses automate their booking processes and improve customer service.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Online Booking Tools Market Research Report
By Type
Cloud Based, On-Premises
By Application
SMEs, Large Enterprises
By Companies
Mindbody, Acuity Scheduling, Versum, Flash Appointments, Bitrix24, Booksteam, Shortcuts Software, Shedul.Com, Amidship, Genbook, Thryv, Calendly, Youcanbook.Me, Doodle, Hubspot Sales Hub, Honeybook, Housecall Pro, Cirrus Insight, Revenue Grid, 10To8, Timetrade, Setmore, Simplybook.Me, Vcita
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
190
Number of Tables & Figures
133
Customization Available
Yes, the report can be customized as per your need.

Global Online Booking Tools Market Report Segments:
The global Online Booking Tools market is segmented on the basis of:
Types
Cloud Based, On-Premises
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
SMEs, Large Enterprises
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Mindbody
Acuity Scheduling
Versum
Flash Appointments
Bitrix24
Booksteam
Shortcuts Software
Shedul.Com
Amidship
Genbook
Thryv
Calendly
Youcanbook.Me
Doodle
Hubspot Sales Hub
Honeybook
Housecall Pro
Cirrus Insight
Revenue Grid
10To8
Timetrade
Setmore
Simplybook.Me
Vcita



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Highlights of The Online Booking Tools Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Cloud Based
On-Premises
By Application:
SMEs
Large Enterprises
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Online Booking Tools Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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