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

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Technavio has been monitoring the hotel and hospitality management software market and it is poised to grow by USD 2.24 bn during 2020-2024, progressing at a CAGR of over 9% 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.

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 GLBL Inc., Salesforce.com Inc., Schneider Electric SE, and Siemens AG, are some of the major market participants. Although the reduction in overall operational costs will offer immense growth opportunities, increasing adoption of open-source software will challenge the growth of the 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, increasing adoption of open-source software might hamper the market growth.

Hotel and Hospitality Management Software Market 2020-2024 : Segmentation

Hotel and Hospitality Management Software Market is segmented as below:

–  Deployment

–  On-premises

–  SaaS-based

–  Geographic Landscape

–  APAC

–  Europe

–  MEA

–  North America

–  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=IRTNTR40088

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 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 GLBL Inc., 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 markets 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 :

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

–  2.1 Preface

–  2.2 Preface

–  2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

–  Market ecosystem

–  Market characteristics

–  Market segmentation analysis

PART 04: MARKET SIZING

–  Market definition

–  Market sizing 2019

–  Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

–  Bargaining power of buyers

–  Bargaining power of suppliers

–  Threat of new entrants

–  Threat of substitutes

–  Threat of rivalry

–  Market condition

PART 06: MARKET SEGMENTATION BY DEPLOYMENT

–  Market segmentation by deployment

–  Comparison by deployment

–  On-premises – Market size and forecast 2019-2024

–  SaaS-based – Market size and forecast 2019-2024

–  Market opportunity by deployment

PART 07: CUSTOMER LANDSCAPE

PART 08: 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

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

–  Market drivers

–  Market challenges

PART 11: MARKET TRENDS

–  Rise in cloud integration

–  Increasing demand for social interaction

–  Growing adoption by small-scale hotel and hospitality providers

PART 12: VENDOR LANDSCAPE

–  Overview

–  Landscape disruption

–  Competitive scenario

PART 13: VENDOR ANALYSIS

–  Vendors covered

–  Vendor classification

–  Market positioning of vendors

–  Amadeus IT Group SA

–  Cisco Systems, Inc.

–  Honeywell International Inc.

–  Johnson Controls International Plc

–  NEC Corp.

–  Oracle Corp.

–  Sabre GLBL, Inc.

–  Salesforce.com Inc.

–  Schneider Electric SE

–  Siemens AG

PART 14: APPENDIX

–  Research methodology

–  List of abbreviations

–  Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

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, Technavios 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 Technavios 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.

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: media@technavio.com

Website: www.technavio.com/

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