On-premises Segment Held Dominant Position in 2017
The on-premises segment held the dominant position in the online booking software market
and generated revenue of US$ 114.2 Million in 2017. It is expected to reach US$ 268.6 million
with a CAGR of 11.6% over the forecast period. Increasing concerns regarding data security is
one of the major factor propelling demand for on-premises based solutions. This is owing to the
fact that on-premises software provides high data security as compared to cloud-based or web-
based solution.
North America region held the dominant position in the market in 2017, and is projected to
retain its dominance throughout the forecast period. In 2017, North America region generated
revenue of US$ 76.8 million and is expected to reach US$ 204.4 million in 2025, with a CAGR of
13.4% over the forecast period. High adoption of cloud-based solutions is one of the major
driving factors for growth of market in this region. For instance, according to Coherent market
insights, in 2016, the North America held 49% share of the world wide cloud data traffic. T
he U.S. and Canada are major economies driving growth of online booking software market in
this region. The U.S. held a dominant position in the market in 2017, and is expected to retain
its dominance throughout the forecast period. In 2017, the U.S. market generated revenue of
US$ 56.1 Mn and is expected to reach US$ 134.4 Mn by 2025, exhibiting a CAGR of 12.0% over
the forecast period. High presence of key players in the U.S. is a major factor for growth of this
market. BookingBug Limited, Appointy Software Inc., and TimeTrade, Inc. are some of the
players based in the U.S.
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Key Players- Global Online Booking Software Market
The major players operating in the global online booking software market include 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.