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Online Booking Software Market Worldwide Top Players Revenue and Forecasts To 2026: BookingLive, BookingBug Limited, CheckFront,Inc., Rezdy, Acuity Scheduling, Appointy Software Inc. , Bookeo are Leading
Online-Booking-Software-Market
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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.
Market Dynamics
Increasing technological advancement in online booking software or appointment scheduling software is one of the major factor driving growth of the market, worldwide. The customer appointment management is an advance type of appointment scheduling software, which is highly adopted by large organizations. Due to its advance function to automatically schedule and route home service appointments have raised the demand for the customer appointment management, which accelerated the market of online booking software, worldwide.
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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.
North America Held Dominant Position in Online Booking Software Market in 2017
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.
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.
Key Players- Global Online Booking Software Market
The major players operating in the global online booking software market include BookingLive, BookingBug Limited, CheckFront,Inc., Rezdy, Acuity Scheduling, Appointy Software Inc. , Bookeo, SimplyBook.Me, Setmore Appointments, TimeTrade, Inc., Pulse24/7, Inc., Veribook, MyTime, Nabooki, and Shortcuts Software.
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