November 28, 2022

Insights on the Hotel and Hospitality Management Software Market 2020-2024: COVID-19 Industry Analysis, Market Trends, Market Growth, Opportunities and Forecast 2024 – Technavio | Business

LONDON–(BUSINESS WIRE)–Dec 21, 2020– The hotel and hospitality management software market is expected to grow…

Insights on the Hotel and Hospitality Management Software Market 2020-2024: COVID-19 Industry Analysis, Market Trends, Market Growth, Opportunities and Forecast 2024 – Technavio | Business

LONDON–(BUSINESS WIRE)–Dec 21, 2020–

The hotel and hospitality management software market is expected to grow by $ 1.14 bn, progressing at a CAGR of about 5{d54a1665abf9e9c0a672e4d38f9dfbddcef0b06673b320158dd31c640423e2e5} during the forecast period.

Technavio has announced its latest market research report titled Global Hotel and Hospitality Management Software Market 2020-2024 (Graphic: Business Wire)

The reduction in overall operational costs is one of the major factors propelling market growth. However, factors such as complications in changeover from traditional system will hamper the market growth.

Hotel And Hospitality Management Software Market: Deployment Landscape

Based on the deployment, the SaaS-based segment is expected to witness lucrative growth during the forecast period.

Hotel And Hospitality Management Software Market: Geographic Landscape

By geography, APAC is going to have a lucrative growth during the forecast period. About 38{d54a1665abf9e9c0a672e4d38f9dfbddcef0b06673b320158dd31c640423e2e5} of the market’s overall growth is expected to originate from APAC. China and Japan are the key markets for hotel and hospitality management software in APAC.

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  • 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
  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, until 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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  • Market ecosystem
  • Market characteristics
  • Value chain analysis
  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024
  • 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
  • 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
  • Landscape disruption
  • 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
  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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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INDUSTRY KEYWORD: OTHER TRAVEL LODGING TECHNOLOGY TRAVEL SOFTWARE

SOURCE: Technavio Research

Copyright Business Wire 2020.

PUB: 12/21/2020 05:23 AM/DISC: 12/21/2020 05:23 AM

Copyright Business Wire 2020.