Global Online Booking Software Market was valued at US$ 194.3 million in 2017, up from US$ 175.8 million by 2016. The Online Booking Software Market is projected to reach US$ 552.1 million by 2025 with a CAGR of 14.4% over the forecast period, according to a new market research report Global Online Booking Software Market, by Deployment Model (On premises and Cloud-based), by User Base (Professional User and Corporate User) and by Geography (North America, Europe, Asia Pacific, Middle East, and Africa).
Increasing adoption of smartphone is one of the major driving factor for growth of the online booking software market, worldwide, as high adoption of smart phones have raised the demand for mobile-based appointment scheduling solution, which provide a new opportunity platform to the companies for developing the mobile-based solutions and increase their market presence. For instance, according to Coherent Market Insights analysis, the number of smart phone users in North America were 264.2 million in 2016, and is expected to reach 373.4 million by 2021. Similarly, the smart phone users in Asia Pacific were 2.0 billion in 2016, and is expected to reach 3.1 billion by 2021.
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