Online Booking Software Market Seeking Excellent Growth | BookingLive, BookingBug Limited & CheckFront

 


Businesses and professionals can use online booking software, often known as software appointment software or booking software tools, to handle appointments and bookings. In 2017, the online booking software industry brought in US$ 194.3 million, up from US$ 175.8 million in 2016. With a CAGR of 14.4%, the online booking software industry is expected to produce $ 552.1 million by 2025. One of the elements driving the global market growth is rising internet usage, particularly in emerging economies. According to Coherent Market Insights, in 2016, 28 percent of India's total population accessed the Internet, with the figure expected to rise to 59 percent by 2021.

In 2017, the on-premises category dominated the online booking software market, generating sales of US $ 114.2 million. Over the forecast period, it is expected to reach US $ 268.6 million, with a CAGR of 11.6 percent. One of the reasons for the demand for location-based solutions is growing worries about data security. This is due to the fact that on-premises software provides better data protection than cloud-based or web-based alternatives.

Over the forecast period, the Asia Pacific online booking software market is expected to grow at the fastest rate. The market for Asia Pacific online booking software produced revenue of US$ 49.5 million in 2017 and is predicted to grow at a CAGR of 15.9% over the forecast period. China, India, and Japan are some of the prominent countries in the Asia Pacific that are driving market expansion. The market's growth is being fueled by rising internet penetration in the Asia Pacific. According to Coherent Market Insights Analysis, 41% of the overall Asia Pacific population used the internet in 2016, and this number is predicted to rise to 62 percent by 2021.

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 are among the major players in the global online booking software market.

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