Online Booking Software Market: Size, Share and Growth Opportunities Outlook to 2027 : BookingLive, BookingBug Limited, CheckFront,Inc., Rezdy

New Research Study "Online Booking Software Market 2021 analysis by Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges and Investment Opportunities), Size, Share and Outlook" has been added to Coherent Market insight

The global Online Booking Software is estimated to account for US$ 552.1 Million by 2025

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 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.

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This report includes information on the industry's market growth as well as key segmentation variables that help the global Online Booking Software Market prosper in today's environment. The report also emphasises the importance of regional classification in the global Online Booking Software Market. Due to growing demand, the worldwide Online Booking Software Market will eventually create more revenue and have a higher market size than the previous projected period.

Major Key players in this Market:

· BookingLive
· BookingBug Limited
· CheckFrontInc.
· Rezdy
· Acuity Scheduling
· Appointy Software Inc.
· Bookeo
· SimplyBook.Me
· Setmore Appointments
· TimeTrade Inc.
· Pulse24/7 Inc.
· Veribook
· MyTime
· Nabooki
· Shortcuts Software.

Drivers & Trends

The market forecasts in the Online Booking Software industry are based on established research and assumptions based on current drivers and trends. As a result, the research report serves as a repository of analysis and data for every aspect of the market, including applications, SWOT analysis, future potential, new developments, and more. To acquire a firm grasp on the total market, several possible growth factors and hazards are assessed.

Regional Classification

The Online Booking Software market is divided into five areas, each with its own development possibilities and current trends: Latin America, North America, Asia Pacific (APAC), Europe, and the Middle East and Africa. The report was created through extensive research and analysis, as well as examination of numerous elements that may influence regional growth, such as each region's economic, political, environmental, technical, and social condition. It also includes a complete analysis of each region's recognised manufacturers, production, and revenue, as well as the top influencing elements, critical data, and data segmented both regionally and globally.

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· Key Takeaways of the Market:

· Asia Pacific is projected to exhibit highest CAGR over the forecast period. In 2017, Asia Pacific online booking software market generated revenue of US$ 49.5 million. By 2025, Asia Pacific online booking software market is projected to reach US$ 155.3 million at a CAGR of 15.9% in the forecast period. China, India, and japan are some of the major economies driving market growth in this region. Increasing number of startups in this region is expected to accelerate growth of the market. For instance, according to National Association of Software and Services Companies, in 2016, India was the third-largest start up base in the world and is expected to reach 10,500 startup by 2020. Therefore, increasing number of startup companies has propelled demand for cloud-based appointment scheduling solutions, which helps companies to ease the process of booking meeting or appointments.

· Among Asia Pacific region, market in India is expected to witness highest CAGR over the forecast period. In 2017, India online booking software market generated revenue of US$ 11.3 Mn and is expected to reach US$ 42.2 Mn by 2025, witnessing a CAGR of 18.5% over the forecast period.

· The cloud or web-based segment is expected to exhibit the highest CAGR over the forecast period. In 2017, the segment generated revenue of US$ 268.7 Mn and is expected to reach US$ 283.5 Mn by 2025 with a CAGR of 17.6% over the forecast period. Cloud-based deployment model helps enterprises in terms of reducing IT costs. These services are offered on the basis of the pay-as-you-go model. These services also enable enterprises to achieve economies of scale by collaborating with employees on the go. It increases enterprise capabilities regarding flexibility, communication, and reliability.

· The professional user base segment is expected to exhibit the highest CAGR over the forecast period. In 2017, the professional user base segment generated revenue of US$ 63.7 Mn and is expected to reach US$ 202.2 Mn by 2025, with a CAGR of 16.0% over the forecast period.

· The major players operating in the global online Booking Software market include BookingLive, BookingBug Limited, CheckFront, Inc., Rezdy, Acuity Scheduling, Appointy, Bookeo, SimplyBook.Me, Setmore Appointments, TimeTrade, Inc., Pulse24/7, Inc., Veribook, MyTime, Nabooki, and Shortcuts Software.

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This release was published on openPR.