The booking agency software market is expected to register a CAGR of 12.6% during 2023–2031. Cloud-based software adoption and enhanced data analytics and reporting features are likely to remain key trends in the market.
Booking Agency Software Market Analysis
- Coming to the booking agency software market is very competitive and has been evolving at a steady pace in recent years, as many key players provide software solutions for client management, scheduling, or financial tracking.
- Lately, there has been an increase in vendors who are providing highly flexible, cloud-based, and mobile-friendly solutions that integrate with other business tools.
- Using AI and automation, some vendors provide solutions like matching the most suitable talent to carry out the requisition or automatically creating NDAs or agreements once the requirement is identified. As the segment is specialized, there is a similar increase in vendors who are very focused on specific sub-segments (e.g., music enablement, sports enablement, or corporate events enablement).
- Customisation and user experience will continue to remain as some of the major differentiators among vendors in this software market.
Booking Agency Software Market Overview
- The booking agency software market has witnessed steady growth recently due to the fact that agencies gradually acknowledge the urgency to adopt digital tools to facilitate booking and strengthen operations.
- According to different industries such as entertainment, sports or corporate events, the adoption rate across all sectors is accelerating as small to medium-sized agencies need new, affordable solutions that feature comprehensive features while keeping the overhead cost to the least.
- Tools that are built over the cloud enable large agencies to scale and operate in real-time while being flexible anytime, either inside or outside of the office. However, some agencies that are considered less digital savvy are more conservative which causes them to lag behind the quick updates.
- Data security and the learning curve have become some of the deterrents for agencies to be on the same page with the development. Based on the current market prediction, it is reasonable to infer that the market has a high potential to further extend its application and instigate innovative ideas among vendors in the near future.
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Booking Agency Software Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Booking Agency Software Market: Strategic Insights
Naveen
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Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Booking Agency Software Market Drivers and Opportunities
Need for Improved Efficiency and Productivity to Favor the Market
- As with scheduling, bookkeeping and invoicing, all become automated, and agencies are freed to focus on more knowledge-intensive activities, such as client relations and talent scouting.
- The ability of software to replace labor-intensive, manual processes and thereby reduce human error is another benefit to the industry.
- Such platforms act as the single source of truth for all client and talent data and prevent the use of hierarchies of spreadsheets or other databases.
- Instead, agencies can offer an integrated system of messaging and notifications to communicate seamlessly across departments, clients, talent and other agency exchanges. What this means is significantly fewer two-minute phone calls, missed calls, voicemails and miscommunications.
Development of Mobile-First Solutions
- Agents are able to book customers, correspond with clients, and access information remotely – leading to better responsiveness and flexibility.
- Because mobile-first design always puts intuitive interfaces into practice first, you’re guaranteed to have higher user adoption rates.
- Push notifications and instant-sync features alert all parties of the changes or updates in real time.
- During events, mobile apps allow for quick check-ins, last-minute changes, and real-time problem-solving.
Booking Agency Software Market Report Segmentation Analysis
Key segments that contributed to the derivation of the booking agency software market analysis are product and application.
- Based on product, the booking agency software market is divided into web-based and cloud-based.
- Based on the application, the booking agency software market is divided into bands, classical musicians, DJs, actors, and others.
Booking Agency Software Market Share Analysis by Geography
- The booking agency software market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering booking agency software market dynamics, such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the booking agency software market in these regions.
Booking Agency Software Market Report Scope
Booking Agency Software Market News and Recent Developments
The booking agency software market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the booking agency software market are listed below:
- Expedia, Inc. (NASDAQ: EXPE) and Sabre Corporation (NASDAQ: SABR) announced that Expedia, Inc. has acquired Travelocity from Sabre Corporation for $280 million in cash. The acquisition follows the 2013 strategic marketing agreement between Expedia, Inc. and Travelocity, under which Expedia has powered the technology platforms for Travelocity's US and Canadian websites, along with providing Travelocity access to Expedia, Inc.'s supply and customer service program. (Source: Sabre Corporation, Press Release, January 2015)
Booking Agency Software Market Report Coverage and Deliverables
The “Booking Agency Software Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Booking agency software market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Booking agency software market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Booking agency software market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the booking agency software market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global booking agency software market is expected to grow at a CAGR of 12.6% during the forecast period 2023 - 2031.
The need for improved efficiency and productivity and the need for real-time availability and scheduling tools are expected to drive the booking agency software market.
Cloud-based software adoption and enhanced data analytics and reporting features are likely to remain key trends in the market.
The leading players operating in the booking agency software market are ABOSS B.V., Artwin Live, Beatswitch, Gigwell, Muzeek, Optune, Overture, Sonicbids, System One, and Tempo.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
TABLE OF CONTENTS
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Booking Agency Software Market - By Product
1.3.2Booking Agency Software Market - By Applicaton
1.3.3Booking Agency Software Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.BOOKING AGENCY SOFTWARE MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PORTER'S FIVE FORCES ANALYSIS
4.2.1Bargaining Power of Buyers
4.2.1Bargaining Power of Suppliers
4.2.1Threat of Substitute
4.2.1Threat of New Entrants
4.2.1Competitive Rivalry
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.BOOKING AGENCY SOFTWARE MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.BOOKING AGENCY SOFTWARE MARKET - GLOBAL MARKET ANALYSIS
6.1.BOOKING AGENCY SOFTWARE - GLOBAL MARKET OVERVIEW
6.2.BOOKING AGENCY SOFTWARE - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.BOOKING AGENCY SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1.OVERVIEW
7.2.PRODUCT MARKET FORECASTS AND ANALYSIS
7.3.WEB-BASED
7.3.1.Overview
7.3.2.Web-Based Market Forecast and Analysis
7.4.CLOUD-BASED
7.4.1.Overview
7.4.2.Cloud-based Market Forecast and Analysis
8.BOOKING AGENCY SOFTWARE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATON
8.1.OVERVIEW
8.2.APPLICATON MARKET FORECASTS AND ANALYSIS
8.3.BANDS
8.3.1.Overview
8.3.2.Bands Market Forecast and Analysis
8.4.CLASSICAL
8.4.1.Overview
8.4.2.Classical Market Forecast and Analysis
8.5.MUSICIANS
8.5.1.Overview
8.5.2.Musicians Market Forecast and Analysis
8.6.DJS
8.6.1.Overview
8.6.2.DJs Market Forecast and Analysis
8.7.ACTORS
8.7.1.Overview
8.7.2.Actors Market Forecast and Analysis
8.8.OTHERS
8.8.1.Overview
8.8.2.Others Market Forecast and Analysis
9.BOOKING AGENCY SOFTWARE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Booking Agency Software Market Overview
9.1.2North America Booking Agency Software Market Forecasts and Analysis
9.1.3North America Booking Agency Software Market Forecasts and Analysis - By Product
9.1.4North America Booking Agency Software Market Forecasts and Analysis - By Applicaton
9.1.5North America Booking Agency Software Market Forecasts and Analysis - By Countries
9.1.5.1United States Booking Agency Software Market
9.1.5.1.1United States Booking Agency Software Market by Product
9.1.5.1.2United States Booking Agency Software Market by Applicaton
9.1.5.2Canada Booking Agency Software Market
9.1.5.2.1Canada Booking Agency Software Market by Product
9.1.5.2.2Canada Booking Agency Software Market by Applicaton
9.1.5.3Mexico Booking Agency Software Market
9.1.5.3.1Mexico Booking Agency Software Market by Product
9.1.5.3.2Mexico Booking Agency Software Market by Applicaton
9.2.EUROPE
9.2.1Europe Booking Agency Software Market Overview
9.2.2Europe Booking Agency Software Market Forecasts and Analysis
9.2.3Europe Booking Agency Software Market Forecasts and Analysis - By Product
9.2.4Europe Booking Agency Software Market Forecasts and Analysis - By Applicaton
9.2.5Europe Booking Agency Software Market Forecasts and Analysis - By Countries
9.2.5.1Germany Booking Agency Software Market
9.2.5.1.1Germany Booking Agency Software Market by Product
9.2.5.1.2Germany Booking Agency Software Market by Applicaton
9.2.5.2France Booking Agency Software Market
9.2.5.2.1France Booking Agency Software Market by Product
9.2.5.2.2France Booking Agency Software Market by Applicaton
9.2.5.3Italy Booking Agency Software Market
9.2.5.3.1Italy Booking Agency Software Market by Product
9.2.5.3.2Italy Booking Agency Software Market by Applicaton
9.2.5.4United Kingdom Booking Agency Software Market
9.2.5.4.1United Kingdom Booking Agency Software Market by Product
9.2.5.4.2United Kingdom Booking Agency Software Market by Applicaton
9.2.5.5Russia Booking Agency Software Market
9.2.5.5.1Russia Booking Agency Software Market by Product
9.2.5.5.2Russia Booking Agency Software Market by Applicaton
9.2.5.6Rest of Europe Booking Agency Software Market
9.2.5.6.1Rest of Europe Booking Agency Software Market by Product
9.2.5.6.2Rest of Europe Booking Agency Software Market by Applicaton
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Booking Agency Software Market Overview
9.3.2Asia-Pacific Booking Agency Software Market Forecasts and Analysis
9.3.3Asia-Pacific Booking Agency Software Market Forecasts and Analysis - By Product
9.3.4Asia-Pacific Booking Agency Software Market Forecasts and Analysis - By Applicaton
9.3.5Asia-Pacific Booking Agency Software Market Forecasts and Analysis - By Countries
9.3.5.1Australia Booking Agency Software Market
9.3.5.1.1Australia Booking Agency Software Market by Product
9.3.5.1.2Australia Booking Agency Software Market by Applicaton
9.3.5.2China Booking Agency Software Market
9.3.5.2.1China Booking Agency Software Market by Product
9.3.5.2.2China Booking Agency Software Market by Applicaton
9.3.5.3India Booking Agency Software Market
9.3.5.3.1India Booking Agency Software Market by Product
9.3.5.3.2India Booking Agency Software Market by Applicaton
9.3.5.4Japan Booking Agency Software Market
9.3.5.4.1Japan Booking Agency Software Market by Product
9.3.5.4.2Japan Booking Agency Software Market by Applicaton
9.3.5.5South Korea Booking Agency Software Market
9.3.5.5.1South Korea Booking Agency Software Market by Product
9.3.5.5.2South Korea Booking Agency Software Market by Applicaton
9.3.5.6Rest of Asia-Pacific Booking Agency Software Market
9.3.5.6.1Rest of Asia-Pacific Booking Agency Software Market by Product
9.3.5.6.2Rest of Asia-Pacific Booking Agency Software Market by Applicaton
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Booking Agency Software Market Overview
9.4.2Middle East and Africa Booking Agency Software Market Forecasts and Analysis
9.4.3Middle East and Africa Booking Agency Software Market Forecasts and Analysis - By Product
9.4.4Middle East and Africa Booking Agency Software Market Forecasts and Analysis - By Applicaton
9.4.5Middle East and Africa Booking Agency Software Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Booking Agency Software Market
9.4.5.1.1South Africa Booking Agency Software Market by Product
9.4.5.1.2South Africa Booking Agency Software Market by Applicaton
9.4.5.2Saudi Arabia Booking Agency Software Market
9.4.5.2.1Saudi Arabia Booking Agency Software Market by Product
9.4.5.2.2Saudi Arabia Booking Agency Software Market by Applicaton
9.4.5.3U.A.E Booking Agency Software Market
9.4.5.3.1U.A.E Booking Agency Software Market by Product
9.4.5.3.2U.A.E Booking Agency Software Market by Applicaton
9.4.5.4Rest of Middle East and Africa Booking Agency Software Market
9.4.5.4.1Rest of Middle East and Africa Booking Agency Software Market by Product
9.4.5.4.2Rest of Middle East and Africa Booking Agency Software Market by Applicaton
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Booking Agency Software Market Overview
9.5.2South and Central America Booking Agency Software Market Forecasts and Analysis
9.5.3South and Central America Booking Agency Software Market Forecasts and Analysis - By Product
9.5.4South and Central America Booking Agency Software Market Forecasts and Analysis - By Applicaton
9.5.5South and Central America Booking Agency Software Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Booking Agency Software Market
9.5.5.1.1Brazil Booking Agency Software Market by Product
9.5.5.1.2Brazil Booking Agency Software Market by Applicaton
9.5.5.2Argentina Booking Agency Software Market
9.5.5.2.1Argentina Booking Agency Software Market by Product
9.5.5.2.2Argentina Booking Agency Software Market by Applicaton
9.5.5.3Rest of South and Central America Booking Agency Software Market
9.5.5.3.1Rest of South and Central America Booking Agency Software Market by Product
9.5.5.3.2Rest of South and Central America Booking Agency Software Market by Applicaton
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.BOOKING AGENCY SOFTWARE MARKET, KEY COMPANY PROFILES
11.1.ABOSS B.V.
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.ARTWIN LIVE
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.BEATSWITCH
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.GIGWELL
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.MUZEEK
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.OPTUNE
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.OVERTURE
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.SONICBIDS
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.SYSTEM ONE
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.TEMPO
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
The List of Companies
1. ABOSS B.V.
2. Artwin Live
3. Beatswitch
4. Gigwell
5. Muzeek
6. Optune
7. Overture
8. Sonicbids
9. System One
10. Tempo
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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