According to the research report titled ‘Hotel Management Software Market Share, Size, Trends, Industry Analysis Report By Industry; By Deployment; By Type; By Regions, Segment Forecast, 2020 – 2026’, available with Market Study Report, hotel management software market valuation is anticipated reach USD 32.9 billion by the year 2026.
 

Advantageous attributes of the software such as theft control, data security, and scalability, along with integration of a wide variety of payment platform are stimulating the hotel management software market growth. Growing efforts of industry players towards designing new solutions based on customer feedback, coupled with development of new tools, plug-ins, and software are further propelling industry expansion.
 

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Additionally, hotel owners, primarily those in the vicinity of airports, are focusing on providing off-premise as well as third-party deliveries, which in turn is a lucrative growth opportunity for hotel management software vendors.
 

For those unaware, hotel management systems are primarily utilized by hotel owners and managers for efficiently managing their workload. The software assist in the implementation of various tasks and allows the staff to focus on important parameters such as creativity, marketing plans, and customer experience enhancement.
 

Based on type, hotel management software market is bifurcated into integrated communication technology solutions, guest service management system, hotel building automation system, integrated security system, and hotel operation management system.
 

With regards to deployment type, the industry is segmented into cloud-based, and on-premise. The end-user landscape of this marketspace comprises of government, corporate & large enterprises, and travel & tourism among others.
 

Elaborating on the geographic scope, hotel management software industry is fragmented into North America, Asia-Pacific, Middle East & Africa, Europe, and South America.
 

On a country level, the vertical is categorized into Canada, U.S., Mexico, India, Japan, China, South Korea, Australia, UAE, Oman, Qatar, Saudi Arabia, Spain, United Kingdom, Germany, France, Italy, Brazil, and Chile.
 

Top-tier firms defining the hotel management software market trends are Cisco Systems Inc., Schneider Electric SE, Siemens AG, Johnson Controls International plc, Honeywell International Inc., Winhotel Solution SL, Oracle Corporation, BuildingIQ Inc., Infor Inc., IBM Corporation, Huawei Technologies Co. Ltd., and NEC Corporation.