Hotel and Hospitality Management Software Market Size to Grow by USD 1176.2 Million From 2022 to 2027, Assessment on Parent Market, Five Forces Analysis, Market Dynamics & Segmentation - Technavio

NEW YORK, Nov. 15, 2022 /PRNewswire/ -- The Global Hotel and Hospitality Management Software Market share is set to increase by USD 1176.2 million from 2022 to 2027. In addition, the market's growth momentum will accelerate at a CAGR of 6.59% as per the latest market forecast report by Technavio. The market will also record a 5.78% Y-O-Y growth rate during the forecast period.

To know more about the historic market size – Request a Free Sample Report!

Technavio categorizes the Global Hotel and Hospitality Management Software Market as a part of the global application software market, which covers companies that are engaged in developing and producing software designed for specialized applications for the business or consumer market. It includes enterprise and technical software, as well as cloud-based software. It excludes companies classified in the interactive home entertainment sub-industry and companies producing systems or database management software classified in the systems software sub-industry.

For more information parent market along with value chain analysis – Grab an Exclusive sample!

The Global Hotel and Hospitality Management Software Market is fragmented and the five forces analysis by Technavio gives the accurate vision –

• Bargaining Power of Buyers
• The threat of New Entrants
• Threat of Rivalry
• Bargaining Power of Suppliers
• For information on the impact of the five forces analysis – Click Now!
  
  Global Hotel and Hospitality Management Software Market – Customer Landscape  
• The disruption threats are strategic in nature, and operational risks for suppliers have been mapped based on their negative business impact and probability of occurrence. 
• The potential for the customer landscape will be available with Technavio Reports – Buy Now!

Technavio's market research report entails detailed information on regional opportunities in store for vendors, which will assist in generating sales revenues. The Global Hotel and hospitality management software Market as per geography is categorized into Europe, APAC, North America, the Middle East and Africa, and South America. The report provides an accurate prediction of the contribution of all regions to the growth of the Global Hotel and Hospitality Management Software Market Size and actionable market understandings.

• Europe is the fastest-growing region in the global hotel and hospitality management software market compared to other regions. 34% growth will originate from Europe. The region will continue to be the largest shareholder in the global hotel and hospitality management market. Europe consists of some of the world's most visited countries, such as France, Spain, Italy, the UK, and Germany, as well as rapidly emerging economies. Central and Eastern European Countries (CEECs), such as Poland, Hungary, the Czech Republic, Romania, and Slovenia, provide growth potential to the vendors of hotel and hospitality management software. These are the fastest-growing economies in Europe. The flourishing tourism industries in these countries are contributing to the growth of the regional market.

• The Global Hotel and Hospitality Management Software Market as per deployment segmentation is categorized into Cloud-based and On-premise.
• Revenue Generating Segment - The hotel and hospitality management software market share growth by the cloud-based segment will be significant during the forecast period. The Cloud-based segment caters to the demand for the digitization of core business processes. The primary purpose of hotel and hospitality managers to implement cloud-based hotel and hospitality management solutions is to receive real-time status, meet digitization demands, easily integrate with other essential software, and meet consumer expectations in terms of efficient serviceability. Most of the international small and medium-sized hotel brands are expected to move toward a Cloud-based model during the forecast period, owing to its features such as agility, scalability, and easy integration.

Download a FREE Sample Report that can help you to strategize your sales revenue - Get it now!

• The reduction in overall operational costs is one of the key drivers in the market. Hotels focus on integrating newer technology to lower their expenses on document processing through automation.
• Mid-to-small-size hotels are concentrating on increasing their incomes by controlling company expenditures and streamlining their operations. Hotels usually spend approximately 10% of their total budget on strategies and solutions, which helps them maintain and retain frequent customers.
• Hotel and hospitality management software lowers the dependency on manual record maintenance, which increases overall efficiency. Hotels and resorts are gradually deploying this software to eliminate inadequacies and accelerate overall process efficiencies.
• Also, this software helps hotel managers control costs by scheduling the right number of staff to cater to the growing demand in peak season and build an accurate and cost-effective labor schedule.

• The rise in cloud integration is the major trend in the market. The demand for cloud-based integration of hotel and hospitality management systems is increasing among end-users.
• Cloud-based hotel and hospital management software provides access to the application via web-based browsers, wherein the admin has previously defined the access level and processes across the organization.
• Cloud-based solutions allow users to log in to the hotel and hospitality management software simultaneously from any Internet-enabled computer or device. Cloud-based hotel and hospitality management software provides users with mobile apps for easy access and mobility.
• The cloud-based hotel and hospital management software provides high scalability. A cloud-based system is designed to be flexible with the expanding capacity, so a business can scale up based on the current business requirement. This trend will have a positive impact on the growth of the market during the forecast period.

Major Challenges interrupting the market growth

• Complications in the changeover from a traditional system will challenge the growth of the global hotel and hospitality management software market.
• Businesses should consistently satisfy customer needs by launching new products or services as per the market demand by tracking and analyzing the customer interactions in a systematic and organized way to convert the potential lead to a final sale. However, the adoption of advanced technology in the hotel and hospitality sector is causing system integration and interoperability issues.
• The appointment of a dedicated team, implementation of the process, and software management are some of the major challenges faced during the transition from the traditional to the new management system.
• After the implementation process, the work should be re-aligned with the culture of the teams and should adequately map the users with the lead management applications.
• Such factors are likely to affect the growth of the global hotel and hospitality management software market during the forecast period.

To know about other factors of market dynamics – Request a Free Sample!

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.

Register for a free trial today and gain instant access to 17,000+ market research reports. 
Technavio's SUBSCRIPTION Platform

• CAGR of the market during the forecast period 2023-2027
• 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

• The restaurant digitization solutions market size is predicted to surge to USD 6.56 billion from 2021 to 2026 at a CAGR of 16.27%. The growing food service industry and changing consumer preference is notably driving the restaurant digitization solutions market growth, although factors such as complications associated with transitioning from traditional systems may impede the market growth.
• The restaurant management software market share is expected to increase by USD 2.95 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 14.04%. The rising need for large-scale client management is notably driving the restaurant management software market growth, although factors such as complications associated with transitioning from traditional systems may impede the market growth.

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global hotel and hospitality management software market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global hotel and hospitality management software market 2017 - 2021 ($ million)

• 4.2 Deployment Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Deployment Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Deployment

• 6.1 Market segments 
• Exhibit 30: Chart on Deployment - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Deployment - Market share 2022-2027 (%)

• 6.2 Comparison by Deployment 
• Exhibit 32: Chart on Comparison by Deployment
• Exhibit 33: Data Table on Comparison by Deployment

• 6.3 Cloud-based - Market size and forecast 2022-2027
• Exhibit 34: Chart on Cloud-based - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Cloud-based - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Cloud-based - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Cloud-based - Year-over-year growth 2022-2027 (%)

• 6.4 On-premise - Market size and forecast 2022-2027
• Exhibit 38: Chart on On-premise - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on On-premise - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on On-premise - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on On-premise - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Deployment 
• Exhibit 42: Market opportunity by Deployment ($ million)

7 Market Segmentation by Application

• 7.1 Market segments 
• Exhibit 43: Chart on Application - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 45: Chart on Comparison by Application
• Exhibit 46: Data Table on Comparison by Application

• 7.3 Business hotels - Market size and forecast 2022-2027
• Exhibit 47: Chart on Business hotels - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Business hotels - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Business hotels - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Business hotels - Year-over-year growth 2022-2027 (%)

• 7.4 Heritage and boutique hotels - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Heritage and boutique hotels - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Heritage and boutique hotels - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Heritage and boutique hotels - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Heritage and boutique hotels - Year-over-year growth 2022-2027 (%)

• 7.5 Resorts and spas - Market size and forecast 2022-2027
• Exhibit 55: Chart on Resorts and spas - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Resorts and spas - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Resorts and spas - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Resorts and spas - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Application 
• Exhibit 59: Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 Europe - Market size and forecast 2022-2027
• Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.4 APAC - Market size and forecast 2022-2027
• Exhibit 69: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027
• Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 France - Market size and forecast 2022-2027
• Exhibit 89: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.10 China - Market size and forecast 2022-2027
• Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.11 Spain - Market size and forecast 2022-2027
• Exhibit 97: Chart on Spain - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on Spain - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on Spain - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on Spain - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027
• Exhibit 101: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 111: Matrix on vendor position and classification

• 12.3 Amadeus IT Group SA 
• Exhibit 112: Amadeus IT Group SA - Overview
• Exhibit 113: Amadeus IT Group SA - Business segments
• Exhibit 114: Amadeus IT Group SA - Key news
• Exhibit 115: Amadeus IT Group SA - Key offerings
• Exhibit 116: Amadeus IT Group SA - Segment focus

• 12.4 Ciirus Inc. 
• Exhibit 117: Ciirus Inc. - Overview
• Exhibit 118: Ciirus Inc. - Product / Service
• Exhibit 119: Ciirus Inc. - Key offerings

• 12.5 Cisco Systems Inc. 
• Exhibit 120: Cisco Systems Inc. - Overview
• Exhibit 121: Cisco Systems Inc. - Business segments
• Exhibit 122: Cisco Systems Inc. - Key news
• Exhibit 123: Cisco Systems Inc. - Key offerings
• Exhibit 124: Cisco Systems Inc. - Segment focus

• 12.6 Cloudbeds 
• Exhibit 125: Cloudbeds - Overview
• Exhibit 126: Cloudbeds - Product / Service
• Exhibit 127: Cloudbeds - Key offerings

• 12.7 Honeywell International Inc. 
• Exhibit 128: Honeywell International Inc. - Overview
• Exhibit 129: Honeywell International Inc. - Business segments
• Exhibit 130: Honeywell International Inc. - Key news
• Exhibit 131: Honeywell International Inc. - Key offerings
• Exhibit 132: Honeywell International Inc. - Segment focus

• 12.8 Infor Inc. 
• Exhibit 133: Infor Inc. - Overview
• Exhibit 134: Infor Inc. - Product / Service
• Exhibit 135: Infor Inc. - Key news
• Exhibit 136: Infor Inc. - Key offerings

• 12.9 Johnson Controls International Plc 
• Exhibit 137: Johnson Controls International Plc - Overview
• Exhibit 138: Johnson Controls International Plc - Business segments
• Exhibit 139: Johnson Controls International Plc - Key news
• Exhibit 140: Johnson Controls International Plc - Key offerings
• Exhibit 141: Johnson Controls International Plc - Segment focus

• 12.10 NEC Corp. 
• Exhibit 142: NEC Corp. - Overview
• Exhibit 143: NEC Corp. - Business segments
• Exhibit 144: NEC Corp. - Key news
• Exhibit 145: NEC Corp. - Key offerings
• Exhibit 146: NEC Corp. - Segment focus

• 12.11 Oracle Corp. 
• Exhibit 147: Oracle Corp. - Overview
• Exhibit 148: Oracle Corp. - Business segments
• Exhibit 149: Oracle Corp. - Key news
• Exhibit 150: Oracle Corp. - Key offerings
• Exhibit 151: Oracle Corp. - Segment focus

• 12.12 Sabre Corp. 
• Exhibit 152: Sabre Corp. - Overview
• Exhibit 153: Sabre Corp. - Business segments
• Exhibit 154: Sabre Corp. - Key news
• Exhibit 155: Sabre Corp. - Key offerings
• Exhibit 156: Sabre Corp. - Segment focus

• 12.13 Salesforce.com Inc. 
• Exhibit 157: Salesforce.com Inc. - Overview
• Exhibit 158: Salesforce.com Inc. - Product / Service
• Exhibit 159: Salesforce.com Inc. - Key news
• Exhibit 160: Salesforce.com Inc. - Key offerings

• 12.14 Schneider Electric SE 
• Exhibit 161: Schneider Electric SE - Overview
• Exhibit 162: Schneider Electric SE - Business segments
• Exhibit 163: Schneider Electric SE - Key news
• Exhibit 164: Schneider Electric SE - Key offerings
• Exhibit 165: Schneider Electric SE - Segment focus

• 12.15 Siemens AG 
• Exhibit 166: Siemens AG - Overview
• Exhibit 167: Siemens AG - Business segments
• Exhibit 168: Siemens AG - Key news
• Exhibit 169: Siemens AG - Key offerings
• Exhibit 170: Siemens AG - Segment focus

• 12.16 SkyTouch Solutions LLC 
• Exhibit 171: SkyTouch Solutions LLC - Overview
• Exhibit 172: SkyTouch Solutions LLC - Product / Service
• Exhibit 173: SkyTouch Solutions LLC - Key offerings

• 12.17 StayNTouch Inc. 
• Exhibit 174: StayNTouch Inc. - Overview
• Exhibit 175: StayNTouch Inc. - Product / Service
• Exhibit 176: StayNTouch Inc. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 177: Inclusions checklist
• Exhibit 178: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 179: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 180: Research methodology
• Exhibit 181: Validation techniques employed for market sizing
• Exhibit 182: Information sources

• 13.5 List of abbreviations 
• Exhibit 183: List of abbreviations

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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/hotel-and-hospitality-management-software-market-size-to-grow-by-usd-1176-2-million-from-2022-to-2027--assessment-on-parent-market-five-forces-analysis-market-dynamics--segmentation---technavio-301676949.html

SOURCE Technavio