Technavio has been monitoring the hotel and hospitality management software market and it is poised to grow by USD 2.24 bn during 2020-2024, progressing at a CAGR of over 9% 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 and Hospitality Management Software Market 2020-2024 (Graphic: Business Wire)
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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. Although the reduction in overall operational costs will offer immense growth opportunities, increasing adoption of open-source software will challenge the growth of the market participants. To make the 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.
Reduction in overall operational costs has been instrumental in driving the growth of the market. However, increasing adoption of open-source software might hamper the market growth.
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 Industry Analysis
This study identifies 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 around 25 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 :
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
2.1 Preface
2.2 Preface
2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Market segmentation analysis
PART 04: MARKET SIZING
Market definition
Market sizing 2019
Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
PART 06: MARKET SEGMENTATION BY DEPLOYMENT
Market segmentation by deployment
Comparison by deployment
On-premises Market size and forecast 2019-2024
SaaS-based Market size and forecast 2019-2024
Market opportunity by deployment
PART 07: CUSTOMER LANDSCAPE
PART 08: 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
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
Market drivers
Market challenges
PART 11: MARKET TRENDS
Rise in cloud integration
Increasing demand for social interaction
Growing adoption by small-scale hotel and hospitality providers
PART 12: VENDOR LANDSCAPE
Overview
Landscape disruption
Competitive scenario
PART 13: VENDOR ANALYSIS
Vendors covered
Vendor classification
Market positioning of vendors
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
Siemens AG
PART 14: APPENDIX
Research methodology
List of abbreviations
Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus 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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