NEW CASTLE, Delaware, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, "Hotel Management Software Market by Type (Hotel Operation Management System, Integrated Security System, Hotel Building Automation System, Guest Service Management System and Integrated Communication Technology Solutions), Hotel Type (Business Hotels, Heritage and Boutique Hotels and Resorts and Spas), and Deployment Mode (On-Premise and Cloud): Global Opportunity Analysis and Industry Forecast, 2024-2032". According to the report, the hotel management software market was valued at $3.5 billion in 2023, and is estimated to reach $5.9 billion by 2032, growing at a CAGR of 5.9% from 2024 to 2032. A surge in trend toward hotel management software adoption and ongoing strategies for innovative investments in developing countries offers remunerative opportunities for the expansion of the global hotel management software market.
Request Sample Pages: https://www.alliedmarketresearch.com/request-sample/A08315
Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2024–2032 |
| Base Year | 2023 |
| Market Size in 2023 | $3.5 Billion |
| Market Size in 2032 | $5.9 Billion |
| CAGR | 5.9% |
| No. of Pages in Report | 150 |
| Segments Covered | Type, Hotel Type, Deployment Mode, and Region |
| Drivers |
|
| Opportunities |
|
| Restraint |
|
Buy this Complete Report (200 Pages PDF with Insights, Charts, Tables, and Figures) at:
https://www.alliedmarketresearch.com/hotel-management-software-market/purchase-options
The business hotels segment contributed a major share in the growth of the hotel management software market
Based on hotel type, the business hotels segment held the highest market share in 2023, accounting for nearly half of the global hotel management software market revenue, and is likely to retain its dominance throughout the forecast period. The demand for hotel management software is driven by the growing need to minimize expenditure and operational costs in hotels. Further, the other benefit of using the software is that it reduces the dependency on manual processes thereby, positively influencing the hotel management software market growth.
The hotel operation management system segment is expected to retain its dominance throughout the forecast period
Based on type, the hotel operation management system segment held the highest market share in 2023, accounting for nearly one-third of the global hotel management software market revenue, and is likely to retain its dominance throughout the forecast period. This can be attributed to the fact that the hotels are constantly seeking ways to streamline operations, reduce costs, and maximize revenue. In addition, hotel operation management system offers features like centralized reservations, automated housekeeping management, and real-time data analysis, which helps achieve these goals.
The on-premise segment held the highest market share in 2023
Based on deployment mode, the on-premise segment held the highest market share in 2023, accounting for three-fifths of the global hotel management software market revenue, and is likely to retain its dominance throughout the forecast period. The on-premise systems offered perceived greater control over data security. In addition, legacy hotels with specific needs might have preferred the ability to customize on-premise software to their exact workflows.
North America to maintain its dominance by 2032
Based on region, North America held the highest market share in terms of revenue in 2023, accounting for half of the global hotel management software market revenue, and is expected to dominate in terms of revenue throughout the forecast timeframe. The aging population in North America, particularly the baby boomer generation, is a significant driver for the hotel management software market.
Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/A08315
Major Players: -
- Oracle
- Infor
- Protel Hotelsoftware
- Sabre
- ASSD
- Delta Software
- eZee FrontDesk
- Cloudbeds
- Guestline Ltd
- NEC Corporation
The report provides a detailed analysis of these key players in the global hotel management software market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model):
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
Get an access to the library of reports at any time from any device and anywhere. For more details, follow the link: https://www.alliedmarketresearch.com/library-access
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
