Final Report will add the analysis of the impact of COVID-19 on this industry.
The report titled Hospitality Property Management Software (PMS) Market has recently added by MarketIntelligenceData to get a stronger and effective business outlook. It provides an in-depth analysis of different attributes of industries such as trends, policies, and clients operating in several regions. The qualitative and quantitative analysis techniques have been used by analysts to provide accurate and applicable data to the readers, business owners and industry experts.
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The hospitality property management (PMS) software market is expected to grow at a CAGR of 7.85% over the forecast period (2020-2025).
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Top Companies operating in the Global Hospitality Property Management Software (PMS) market profiled in the report:– Micros Systems. Inc. (Oracle), Agilsys(NASDAQ: AGYS), Inc., Infor Inc., Cenium AS, Realpage, Inc., FCS Computer Systems, Hoteliga International S.p. z.o.o, Console Group
Scope of the Report
The scope of the study for the hospitality property management (PMS) software market has considered both on-cloud and on-premise deployment both for PMS in the hospitality industry for all sizes of hotels across the world.
Key Market Trends
On-Cloud Deployment of PMS to Grow Significantly
– According to the report from NASSCOM, global cloud spending is expected to reach USD 187 billion in 2018, and further grow at a CAGR of 16.5% till 2022. Also, the global public cloud spending accounted for 7.9% of total IT spending in 2018 globally. Hotels are also increasingly adopting cloud-based SaaS to integrate into their operations in order to achieve optimized workflow.
– Cost-effective nature of storage facility compared to the conventional method is one of the reasons for maximum adoption rates, cloud deployment method saves IT infrastructure expenses and provides easy scalability; according to RightScale, In 2018, public cloud adoption reached 92% which was 89% the year before.
– Dalata Hotel Group has mentioned that integrating PMS in their hotel chain helped them to standardize their report and analyze their revenue from customers at various locations at a time. As the company is undergoing expansion across Europe and managing multiple PMS was difficult for them to train staff and reporting methods, they adopted on-cloud solution.
Global Hospitality Property Management Software (PMS) Market Split by Product Type and Applications:
Market Segment by Type, covers:
Market Segment by Applications, covers:
Small & Medium-scale
Regional Analysis For Hospitality Property Management Software (PMS) Market:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Influence of the Hospitality Property Management Software (PMS) Market Report:
-Comprehensive assessment of all opportunities and risk in the Hospitality Property Management Software (PMS) market.
-Hospitality Property Management Software (PMS) market recent innovations and major events.
-Detailed study of business strategies for growth of the Hospitality Property Management Software (PMS) market-leading players.
-Conclusive study about the growth plot of Hospitality Property Management Software (PMS) market for forthcoming years.
-In-depth understanding of Hospitality Property Management Software (PMS) market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Hospitality Property Management Software (PMS) market.
Hospitality Property Management Software (PMS) Market report includes the estimation of market size for value (million USD) and volume (M Sqm). Both Top-down and bottom-up approaches have been used to estimate and validate the market size of Hospitality Property Management Software (PMS) Market, to estimate the size of various other dependent submarkets in the overall market.
Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
How we have factored the effect of Covid-19 in our report:
All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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