Market Overview:
The global reservation software market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based and web-based reservation software from large enterprises and SMEs across the globe. Additionally, the growing adoption of mobile devices has led to an increase in the demand for reservation software that can be accessed through mobile devices. North America is expected to lead the global reservation software market during the forecast period, followed by Europe and Asia Pacific.
Product Definition:
Reservation software is a type of computer software used in business to manage reservations for products or services. It can be used to track customer information, reservation dates and times, product inventory, and payments. Reservation software is important because it helps businesses keep track of their reservations and customers.
Cloud Based:
Cloud-based software is a type of software service that provides solutions to manage data and applications across multiple platforms. It allows organizations to store data on remote servers using inexpensive storage devices such as hard drives, flash memory, and optical drives. Cloud-based services offer benefits such as increased efficiency of business processes, cost reduction in IT infrastructure management and application development & deployment process along with flexibility in terms of accessing the information.
Web Based:
The global web-based and its usage in the reservation software market is anticipated to witness growth over the forecast period. The major drivers for this market are increasing internet penetration, growing need for online booking systems, and low cost of deployment.
Reservation software is used by travel agents as well as airline operators to manage their passenger database which includes details such as name, address, phone number etc.
Application Insights:
The large enterprises segment held the largest market share in 2017. This is attributed to the fact that majority of travel companies and online hoteliers use this software for managing their reservations. Moreover, increasing number of large enterprises are adopting digital transformation strategies which enable them to operate effectively in a competitive environment. The need for efficient management of complex IT infrastructures has become critical as most organizations are under pressure to reduce costs while improving service quality. These factors have led to an increased demand among large enterprise customers globally.
SMEs accounted for a significant market share in 2017 owing to the growing preference among small businesses and startups for web-based reservation systems over other software options due largely it being free from licensing fees and additional cost associated with implementation & maintenance fees etc.
Regional Analysis:
North America dominated the global market in 2017. The growth can be attributed to increasing demand for travel and tourism, which is a major industry in North America. The region has one of the highest number of hotel establishments globally, with more than 45000 hotels as per HotelGuru.com data as on 2018.
Asia Pacific is anticipated to witness substantial growth during the forecast years owing to increasing adoption by small and medium enterprises (SMEs). Increasing penetration of internet users due to growing social media influence and smartphone proliferation are some factors contributing towards increased adoption by SMEs in this region. Additionally, rapid urbanization across emerging economies such as India and China has created numerous opportunities for service industries including accommodation booking sites such as BookMyHotel.
Growth Factors:
- Increasing demand for online reservation software from small and medium-sized businesses (SMBs)
- Rising adoption of cloud-based reservation software by restaurants and other hospitality businesses
- Proliferation of mobile devices and apps that facilitate reservations
- Emergence of social media platforms as a booking channel for restaurants and other hospitality businesses
- Growing trend of "meal delivery" or "takeout" services, which is driving the need for online reservation software
Scope Of The Report
Report Attributes
Report Details
Report Title
Reservation Software Market Research Report
By Type
Cloud Based, Web Based
By Application
Large Enterprises, SMEs
By Companies
MINDBODY, SimplyBook.me, RMS, ResNexus, Bookwhen, Cloudbeds, Rezdy, Frontdesk Anywhere, Vreasy, NewBook, BookSteam, Booqable, Square, Bokun
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
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Reservation Software Market Report Segments:
The global Reservation Software market is segmented on the basis of:
Types
Cloud Based, Web Based
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
Large Enterprises, SMEs
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
- SimplyBook.me
- RMS
- ResNexus
- Bookwhen
- Cloudbeds
- Rezdy
- Frontdesk Anywhere
- Vreasy
- NewBook
- BookSteam
- Booqable
- Square
- Bokun
Highlights of The Reservation Software 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
- Web Based
- By Application:
- Large Enterprises
- SMEs
- 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 Reservation Software 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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
Frequently Asked Questions?
Reservation software is a computer application that helps businesses manage reservations. It can be used to create, manage, and track reservations for restaurants, hotels, and other types of businesses.
Some of the major companies in the reservation software market are MINDBODY, SimplyBook.me, RMS, ResNexus, Bookwhen, Cloudbeds, Rezdy, Frontdesk Anywhere, Vreasy, NewBook, BookSteam, Booqable, Square, Bokun.
The reservation software market is expected to register a CAGR of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Reservation Software Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Reservation Software Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Reservation Software Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Reservation Software Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Reservation Software Market Size & Forecast, 2018-2028
4.5.1 Reservation Software Market Size and Y-o-Y Growth
4.5.2 Reservation Software Market Absolute $ Opportunity
Chapter 5 Global Reservation Software Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Reservation Software Market Size Forecast by Type
5.2.1 Cloud Based
5.2.2 Web Based
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Reservation Software Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Reservation Software Market Size Forecast by Applications
6.2.1 Large Enterprises
6.2.2 SMEs
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Reservation Software Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Reservation Software Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Reservation Software Analysis and Forecast
9.1 Introduction
9.2 North America Reservation Software Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Reservation Software Market Size Forecast by Type
9.6.1 Cloud Based
9.6.2 Web Based
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Reservation Software Market Size Forecast by Applications
9.10.1 Large Enterprises
9.10.2 SMEs
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Reservation Software Analysis and Forecast
10.1 Introduction
10.2 Europe Reservation Software Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Reservation Software Market Size Forecast by Type
10.6.1 Cloud Based
10.6.2 Web Based
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Reservation Software Market Size Forecast by Applications
10.10.1 Large Enterprises
10.10.2 SMEs
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Reservation Software Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Reservation Software Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Reservation Software Market Size Forecast by Type
11.6.1 Cloud Based
11.6.2 Web Based
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Reservation Software Market Size Forecast by Applications
11.10.1 Large Enterprises
11.10.2 SMEs
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Reservation Software Analysis and Forecast
12.1 Introduction
12.2 Latin America Reservation Software Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Reservation Software Market Size Forecast by Type
12.6.1 Cloud Based
12.6.2 Web Based
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Reservation Software Market Size Forecast by Applications
12.10.1 Large Enterprises
12.10.2 SMEs
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Reservation Software Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Reservation Software Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Reservation Software Market Size Forecast by Type
13.6.1 Cloud Based
13.6.2 Web Based
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Reservation Software Market Size Forecast by Applications
13.10.1 Large Enterprises
13.10.2 SMEs
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Reservation Software Market: Competitive Dashboard
14.2 Global Reservation Software Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 MINDBODY
14.3.2 SimplyBook.me
14.3.3 RMS
14.3.4 ResNexus
14.3.5 Bookwhen
14.3.6 Cloudbeds
14.3.7 Rezdy
14.3.8 Frontdesk Anywhere
14.3.9 Vreasy
14.3.10 NewBook
14.3.11 BookSteam
14.3.12 Booqable
14.3.13 Square
14.3.14 Bokun
