Hotel and Hospitality Management Software Market By Hotel Type (Business Hotels, Heritage and Boutique Hotels, and Resorts and Spas); By Type (Hotel Operation Management System, Integrated Security System, Hotel Building Automation System, Guest Service Management System, and Integrated Communication Technology Solutions); By Deployment Type (On-premises, SaaS-based)Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2022

Global hotel and hospitality management software market expected to reach USD 4,300 million by 2022, growing at a CAGR of more than 6.5% between 2017 and 2022.

Request Brochure Request Discount

16-Feb-2018 | Number of pages: 110 | Report Code: ZMR-2625 | Report Format : | Status : Published

Abstract

Report Brief

  • The report covers forecast and analysis for the hotel and hospitality management software market on a global and regional level
  • The report includes the drivers and the restraints that affect the growth of the market
  • Detailed information about the market opportunities are discussed
  • The key target audience for the market has been determined in the report
  • The revenue generated by the prominent industry players has been analyzed in the report
  • The market numbers have been calculated using top-down and bottom-up approaches 
  • The hotel and hospitality management software market has been analyzed using the Porter’s Five Forces Analysis
  • The market is segmented on the basis of hotel type, type, deployment type which in turn is bifurcated on regional level as well
  • All the segments have been evaluated based on the present and the future trends
  • The report deals with the in-depth quantitative and qualitative analyses of the hotel and hospitality management software market
  • The report includes the detailed company profiles of the prominent market players

Market Summary

Overview

The hospitality industry is growing at around 4.3% per year versus 3.0% for the total global economy. Hotel management software is technology that allows hotel operators and owners to streamline their administrative tasks while also increasing their bookings in both the short- and long-term. The rapidly changing trends in consumer behavior and technology are expected to open new markets and opportunities. 

Value

The global hotel and hospitality management software market was valued at around USD 2,800 million in the year 2016 and it is expected to reach approximately USD 4,300 million by 2022. The global hotel and hospitality management software market is expected to grow at a CAGR of over 6.5% between 2017 and 2022.

Drivers and Restraints

The rapid growth in the tourism and hospitality industry has played a major role in driving the hotel and hospitality management software market. An increased adoption of the hotel and hospitality management software is expected in the coming years owing to the increasing need to minimize the expenditure and the operational costs. The other benefit of using the software is that it reduces the dependency on the manual processes.

The efficiency of the software may get hampered owing to factors such as power outages, virus attacks, and others thus limiting the market growth.

Global Hotel Hospitality Management market

Segmentation

In terms of revenue, business hotels dominated the market, accounting for around 47.5% of global hotel & hospitality market share in 2016. Business hotels offer the guests with the facilities such as unified communication capabilities that enable the guests to conduct meetings and conferences thus attracting more number of guests. Business hotels deploy different building automation system and mobile device-enabled technologies to provide a mesmerizing experience to the guests.

The guest service management system is anticipated to grow at the highest CAGR of over 7% during the forecast period. Increasing demand for automated real-time optimized guest services and the rise of demographic growth are expected to propel the market growth in the near future.

Data privacy and security offered by on-premise application software is expected to provide opportunities for the growth of the market. The on-premises segment was the leading segment and it accounted for around 64.60% share of total revenue generated in 2016. This growth is mainly due to increasing adoption of on-premises application software on account of rising in need to improve business productivity.

The Asia Pacific hotel & hospitality software market was valued at USD 970.28 Million in 2014. The increasing adoption of the cloud-based hotel management software which is a great time saving for organizations of any size is triggering the growth of the market in this region.

Industry Players

The global hotel and hospitality management software market report profiles some of the leading players in the market and analyzes their key strategies. The major players in the market are Johnson Controls, Jonas Software, NEC Corporation, Oracle Corporation, Protel hotel software GmbH., Schneider Electric, Siemens AG. Sabre, Trawex, Winhotel Solution, WINSAR, ASSD, Cisco Systems, Inc., eZeeFrontDesk, Huawei Technologies Co. Ltd., Honeywell International, Inc., IBM Corporation, Infor, Intertec Systems, and iRiS Software Systems Limited.

The prominent market players maintain the competitive edge in the global market by making investments in the mergers and acquisitions and by increasing their product portfolio; for instance, in April 2017 Infor acquired Birst Inc.
 

Your personal details are safe and secured with us. Privacy Policy SSL site seal - click to verify

Related Reports

Workflow Orchestration Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2024

Price : $ 3999.00 | Report Code: ZMR-2921 | Report Format:

Global Workflow Orchestration Market: Overview An orchestration workflow defines a logical flow of activities or task from a start event to an end event to complete a specific service. There are three types of orchestration workflows: Self-service offerings in which user interface and the servic...Read More

Open Source Intelligence Market by Deployment Type (Cloud and On-premises); by Source (Public Government Data, Professional and Academic Publications, Commercial Data, Grey Literature, Media, and Internet); by Security Type (Data Analytics, Text Analytics, Artificial Intelligence, Big Data, Human Intelligence, Content Intelligence, and Dark Web Analysis); for Application (Private Sector, Public Sector, Military and Defense, Homeland Security, and National Security) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2026

May-2018 | Price : $ 4199.00 | Pages: 110 | Report Code: ZMR-2910 | Report Format:

The report covers forecast and analysis for the open source intelligence market on a global and regional level. The report includes the positive and the negative factors that are influencing the growth of the market. Future market opportunities are discussed in the report. Data included in the ...Read More

Enterprise File Synchronization and Sharing (EFSS) Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts, 2018–2024

Price : $ 3999.00 | Report Code: ZMR-2904 | Report Format:

Global Enterprise File Synchronization and Sharing Market: Overview Enterprise file synchronization and sharing is a process which aids an individual in an organization to share or synchronize the documents, data, files, photos or videos among various devices like PC, laptops, and smartphones. I...Read More

Data Resiliency Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2024

Price : $ 3999.00 | Report Code: ZMR-2898 | Report Format:

Global Data Resiliency Market: Overview Several times the business suffers because of the technology crash down or data hacking, thus causing damage the brand image of the organization. Technology enhances the customer experience but the complexity of the technology increases fragility. Thus org...Read More

Data Masking Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2024

Price : $ 3999.00 | Report Code: ZMR-2897 | Report Format:

Data Masking Market Overview: As the name suggests data masking is nothing but masking the organizations data to create structurally similar but inauthentic version of the original data. The preliminary function of data masking is to provide protection to the real or actual data from overexposur...Read More

Download Brochure
Why Choose Us ?

24/5 Research support

Resolved your research queries from industry expert. Request for a free research sample before report purchase.

Custom research service

Ask the Analyst to customize an exclusive study to serve your research needs.

Quality & Accuracy

Zion Market Research reports offers best quality reports based on various authentic and accurate data findings.

Customer Satisfaction

We ensure that our client's all research needs are met with customized, in-depth analysis solutions.

Information security

We never share your personal and confidential information. Your personal information is safe and secure with us.