Industry Background:
Online Booking Tool is a portal for customers and service providers to book appointment, tickets, etc. The tool offers at a time booking service, customers don’t have to wait for the opening of office and stand in long queue. In today’s time the tools are gaining much popularity due to low-cost and convenient booking facility. However, the increasing use of internet and penetration of smartphones will also boost the market during the forecast period.This growth is primarily driven by Increasing Digitalization and Growing Evolution of Online Booking Technologies and Increasing Demand of Advanced Booking Tools or Applications by Customers for Convenient Booking of Appointments and Others.
Globally, a noticeable market trend is evident Increasing Use of RPA in Online Booking Software and Evolution of Mobile-Based Tools. Major Players, such as TravelPerk (Spain), CTM (Australia), Flash Appointments (United States), Appointy (Singapore), Versum (United Kingdom), BookSteam (Canada), Shortcuts (Australia), Bitrix, Inc. (United States), Amidship (Canada) and SAP Concur (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In September 2017, Certify purchased the corporate online booking technology platform from nuTravel. The deal will form the basis of a new offering from Certify called Certify Enterprise Travel, which will complement the standard Certify Travel booking application for small businesses with features ideal for large and midsize companies and their travel management partners. It will also allow customers to work with any corporate travel agency as the ticketing provider of choice.
Market Drivers
- Increasing Digitalization and Growing Evolution of Online Booking Technologies
- Increasing Demand of Advanced Booking Tools or Applications by Customers for Convenient Booking of Appointments and Others
Market Trend
- Increasing Use of RPA in Online Booking Software and Evolution of Mobile-Based Tools
Restraints
- Lack of Internet Connectivity and Poor Customer Service
Opportunities
Growing Adoption of Cloud-based Tools Due to Low-Cost Installation and Increasing Demand of Online Booking Tools in Travel & Tourism Industry
Challenges
Slow Adoption by Small Enterprises and in Rural Areas
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Online Booking Tools Study Sheds Light on
The Online Booking Tools Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Online Booking Tools industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Online Booking Tools industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.