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Hotel and Hospitality Management Software Market 2020-2024 | Reduction In Overall Operational Costs To Boost Growth | Technavio

Technavio has been monitoring the hotel and hospitality management software market and it is poised to grow by USD 1.14 bn during 2020-2024, progressing at a CAGR of about 5% 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)

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

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 Corp., Salesforce.com Inc., Schneider Electric SE, and Siemens AG are some of the major 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, complications in the changeover from traditional system might hamper market growth.

Hotel and Hospitality Management Software Market 2020-2024 : Segmentation

Hotel and Hospitality Management Software Market is segmented as below:

  • Deployment
    • SaaS-based
    • On-premises
  • Geography
    • Europe
    • APAC
    • North America
    • MEA
    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43784

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 the 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 Corp., 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 :

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Deployment

  • Market segments
  • Comparison by Deployment
  • SaaS-based - Market size and forecast 2019-2024
  • On-premises - Market size and forecast 2019-2024
  • Market opportunity by Deployment

Customer Landscape

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 by geography

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Amadeus IT Group SA
  • Cisco Systems Inc.
  • Honeywell International Inc.
  • Johnson Controls International Plc
  • NEC Corp.
  • Oracle Corp.
  • Sabre Corp.
  • Salesforce.com Inc.
  • Schneider Electric SE
  • Siemens AG

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200615005450/en/

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