About Leisure & Hospitality Software
The hospitality and leisure sector is undergoing a constant process of digital transformation. The intensive use of information and transactions in each stage of the value chain has led tourism firms to reshape their management models by focusing on new cultural and technological challenges. The huge, wide-ranging supply of the hospitality and leisure sector, together with the potential demand for the same, has forced organizations to implement techniques geared to participation in the technological revolution, in addition to promoting the transformation of business culture and personnel skills. Leisure & hospitality software solutions connect customers and service providers quickly, easily, and seamlessly. These software solutions eliminate manual processes and offer real-time visibility.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is expected to be fragmented due to the presence of several vendors within the industry. There are small scales companies are operating within the market. However, some of the leading players have gained goodwill within the market by offering innovative software solutions. Moreover, some of the leading players are adopting some organic and inorganic strategies such as a merger, acquisition, partnership, product launches, among others in order to gain competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Leisure & Hospitality Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Amadeus (Spain), SABRE Corp. (United States), Oracle (United States), Salesforce (United States), Intuit Inc. (United States), Sage (United Kingdom), Adobe Systems (United States), SAP (Germany) and Microsoft (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are 7shifts (United States), Agilysys (India), Arrowstream (United States), Astute Solutions (United States), Autodesk (United States), Avalara (India), BirchStreet Systems (United States), Ceridian (United States), Constellation Software Inc. (Canada) and Eureka Solutions (India).
Segmentation Overview
AMA Research has segmented the market of Global Leisure & Hospitality Software market by Type (Mobile and Cloud based and On Premise), Application (Hotels & Lodging, Restaurants & Bars, Spas, Casino and Clubs, Entertainment & Sport, Amusement Parks, Vehicle Rental and Others) and Region.
On the basis of geography, the market of Leisure & Hospitality Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Organization Size, the sub-segment i.e. SMEs will boost the Leisure & Hospitality Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pricing, the sub-segment i.e. Monthly will boost the Leisure & Hospitality Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Trends to Personalize the Customer Experience and Stay Ahead Of the Competition
Market Growth Drivers:
The Growing Tourism Industry Worldwide, The Exponential Growth in Smartphone Users and The Rising Demand for Higher Customer Satisfaction
Challenges:
The leisure and hospitality industry generates a lot of data, which can be difficult to manage. Software can help businesses collect, store, and analyze data in order to make better decisions about their operations.
Restraints:
Security Issues Hampers the Growth of the Market
Opportunities:
The Rising Deployment of Cloud based Solutions
Market Leaders and their expansionary development strategies
In January 2024, IBS Software, a leading SaaS solutions provider to the travel industry globally, has acquired the ground-breaking hotel and travel technology provider Above Property Services (APS®). The acquisition will further solidify IBS Software's position in the hospitality market and strengthen the brand, to underpin an ambitious expansion of its reach in the hospitality industry.
In March 2024, Fourth, the leader in workforce and inventory solutions for the restaurant, hotel, retail, and leisure industries, has launched of Fourth AI Platform built and trained on the largest data set in the industry.The Fourth AI Platform is the first of its kind with a set of AI-based workforce and inventory solutions purpose-built for hospitality operators.
Key Target Audience
Leisure & Hospitality Software Companies, Leisure & Hospitality Companies, Potential Investors, Regulatory & Government Bodies, End Users, Research & Consulting Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.