Global Online Booking Software Market was valued at US$ 194.3 million in 2017, up from US$ 175.8 million by 2016. The Online Booking Software Market is projected to reach US$ 552.1 million by 2025 with a CAGR of 14.4% over the forecast period.
Increasing adoption of smartphone is one of the major driving factor for growth of the online booking software market, worldwide, as high adoption of smart phones have raised the demand for mobile-based appointment scheduling solution, which provide a new opportunity platform to the companies for developing the mobile-based solutions and increase their market presence. For instance, according to Coherent Market Insights analysis, the number of smart phone users in North America were 264.2 million in 2016, and is expected to reach 373.4 million by 2021. Similarly, the smart phone users in Asia Pacific were 2.0 billion in 2016, and is expected to reach 3.1 billion by 2021.
Online booking software also called as appointment scheduling software or appointment booking software are tools that permit businesses or professionals to manage appointments or bookings. Global online booking software market generated a revenue of US$ 194.3 million in 2017, up from US$ 175.8 million in 2016. By 2025, the online booking software market is expected to generate a revenue of US$ 552.1 million with a CAGR of 14.4%. Increasing internet penetration majorly in emerging economies is one of the major factors driving growth of the market worldwide. For instance, according to the Coherent Market Insights, 28% of the total population in India was using Internet in 2016, and it is estimated to reach 59% by 2021. Hence, increasing number of internet user is fueling growth of the market.
Get Complimentary Access on Research Analysis and Growth Strategy – https://www.coherentmarketinsights.com/insight/request-sample/2098
Figure. Global Online Booking Software Market Share (%), by Deployment Model, 2017 & 2025
On-premises Segment Held Dominant Position in 2017
The on-premises segment held the dominant position in the online booking software market and generated revenue of US$ 114.2 Million in 2017. It is expected to reach US$ 268.6 million with a CAGR of 11.6% over the forecast period. Increasing concerns regarding data security is one of the major factor propelling demand for on-premises based solutions. This is owing to the fact that on-premises software provides high data security as compared to cloud-based or web-based solution.
The research study on Online Booking Software Market also covers different companies worldwide operating in the market for Online Booking software. The key players covered in the research study includes
- BookingBug Limited,
- CheckFront, Inc.,
- Acuity Scheduling,
- Setmore Appointments,
- TimeTrade, Inc.,
- Pulse24/7, Inc.,
- Shortcuts Software.
Procure Full Report @ https://www.coherentmarketinsights.com/insight/buy-now/2098
Global Online Booking Software Market, By Deployment Model:
- On premises
- Cloud based
Global Online Booking Software Market, By User Base
- Professional User
- Corporate User
North America Held Dominant Position in Online Booking Software Market in 2017
On the basis of geography, the online booking software market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America region held the dominant position in the market in 2017, and is projected to retain its dominance throughout the forecast period. In 2017, North America region generated revenue of US$ 76.8 million and is expected to reach US$ 204.4 million in 2025, with a CAGR of 13.4% over the forecast period. High adoption of cloud-based solutions is one of the major driving factors for growth of market in this region. For instance, according to Coherent market insights, in 2016, the North America held 49% share of the world wide cloud data traffic. The U.S. and Canada are major economies driving growth of online booking software market in this region. The U.S. held a dominant position in the market in 2017, and is expected to retain its dominance throughout the forecast period. In 2017, the U.S. market generated revenue of US$ 56.1 Mn and is expected to reach US$ 134.4 Mn by 2025, exhibiting a CAGR of 12.0% over the forecast period. High presence of key players in the U.S. is a major factor for growth of this market. BookingBug Limited, Appointy Software Inc., and TimeTrade, Inc. are some of the players based in the U.S.
Asia Pacific online booking software market is projected to witness highest CAGR over the forecast period. In 2017, Asia Pacific online booking software market generated revenue of US$ 49.5 million and is expected to exhibit a CAGR of 15.9% over the forecast period. China, India, and Japan are some of the major countries which are driving the market growth in Asia Pacific. Increasing internet penetration in Asia Pacific is a key driving factor for growth of the market. For instance, according to Coherent Market Insights Analysis, 41% of the total Asia Pacific population uses internet in 2016, and is expected to reach 62% by 2021.
Global Online Booking Software Market, By Geography:
- North America
- Asia Pacific
- Latin America
- Middle East
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Company Name: Coherent Market Insights
Contact Person: Mr. Shah
Email: Send Email
Address:1001 4th Ave, #3200
Country: United States