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Global Spa and Salon Software Market Size, Share, Trends, COVID-19 Impact & Growth Forecast Report – Segmented By Enterprise Size (SMEs and Large Enterprises), Deployment Model (Cloud and On-Premises), Solution (Customer Relationship Management, Inventory Management, Resource Management, Enterprise Management and Reporting, Business and Financial Reporting and Others) and Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Industry Analysis (2024 to 2029)

Published: March, 2023
ID: 11021
Pages: 150
Formats: report pdf report excel report power bi report ppt

Global Spa and Salon Software Market Size (2024 to 2029)

The size of the global spa and salon software market is expected to grow from USD 0.76 billion in 2024 to USD 1.08 billion by 2029, growing at a CAGR of 7.11% from 2024 to 2029.

Spa and Salon-based software is a software application that is mainly employed to manage the activities in spa and salon businesses. The software automates a wide range of activities, including appointment scheduling, appointment confirmations, inventory tracking, secure data storage, personnel management, customer interactions, implementation of marketing campaigns and so on. In recent times, spa and salon software can also be used in conjunction with other services such as Uber to facilitate customer convenience in different parts of the world.

Global Spa and Salon Software Market Drivers:

The global spa and salon software market is supposed to experience more vigorous growth during the forecast period and may also influence the global economic structure with a higher revenue share. The spa and salon software market also has the potential to impact its peers as the growth rate of the market is accelerated in recent times in terms of product demand. The surge in disposable income, innovative products, the influx of raw materials and changes in consumption technologies are also providing impetus to this business growth around the world.

People's increasingly busy lifestyles have created a need for simple and convenient services, prompting the use of spa and salon booking platforms, which are expected to be the main drivers of the global spa and salon software market. Several emerging and developing countries and economies present many growth opportunities, creating more opportunities for providers of spa and salon software. Also, the increasing urbanization and trend of digitization are estimated to create ample opportunities for the development of the global spa and software market in the projected period.

Global Spa and Salon Software Market Restraints:

However, the initial cost includes installation and training related to software, which is typically high, limiting the adoption of this software among small and medium businesses. In addition, the issue of interoperability should arise when using software to fully automate processes. In addition, the lack of awareness about the upcoming technologies in Tier 2 cities is supposed to restrict the developments in the spa and salon software business to some extent.

Impact of COVID-19 on the global spa and salon software market:

The coronavirus outbreak has affected all aspects of life, and the rapidly changing market scenario has resulted in several changes which can be considered as the major challenges for the spa and salon software mraket. Factors such as instant data accessibility and the prevention of lost productivity appear to provide a lucrative business opportunity for spa and salon software during the forecast period.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2023 to 2029

Base Year

2023

Forecast Period

2024 to 2029

CAGR

7.11%

Segments Covered

By Organization Size, Deployment Model, Solution, and Region.

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

MindBody Inc., DaySmart Software, Springer-Miller Systems, Zenoti, Waffor and Others.

 

This research report on the global spa and salon software market has been segmented and sub-segmented based on the organization size, deployment mode, solution and region.

Global Spa and Salon Software Market - By Organization Size:

  • SMEs
  • Large Companies

Global Spa and Salon Software Market - By Deployment Model:

  • Cloud
  • On-Premises

Based on deployment mode, the cloud-based segment is anticipated to record the maximum share of the global spa and salon software market during the forecast period. Cloud-based software allows a business to set up a virtual office, providing the flexibility to connect to the business anywhere, anytime. According to a study by the International Data Group, in 2018, 73% of organizations already have at least one application, or part of their IT infrastructure, in the cloud, while 17% plan to complete it in the next year. With the gradual transition to beauty and wellness products due to the growing trend towards a healthy lifestyle, salon and spa activities are also growing strongly. Hence the an increased need to collaborate effectively with the company. The adoption of cloud solutions should be more easily communicated and shared in different places, outside of traditional methods. Factors such as reduced IT costs, increased flexibility, instant data accessibility and recovery, and business continuity in a crisis, which minimize downtime and lost productivity, lead to the adoption of cloud solutions.

Global Spa and Salon Software Market - By Solution:

  • Customer Relationship Management
  • Inventory Management
  • Resource Management
  • Corporate Management and Reporting
  • Business and Financial Reporting

Global Spa and Salon Software Market - By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Among these, the North American region is expected to have the highest revenue share in the worldwide spa and salon software market in the following years. This is primarily due to the early adoption of salon products and services by individuals and salon and spa professionals, due to the augmented demand for standard and healthy lifestyles. In addition, the change in lifestyle of the urban population and the increase in health and skin problems are driving the growth of the local market. Besides, with increasing disposable income, people are focusing more on personal appearance and advanced techniques and technologies used in spas and salons are products that are increasingly likely to drive regional market growth in the future.

KEY MARKET PLAYERS:

Companies playing a major role in the global spa and salon software market include MindBody Inc., DaySmart Software, Springer-Miller Systems, Zenoti and Waffor.

RECENT HAPPENINGS IN THE MARKET:

  • In May 2019, MINDBODY, the leading technology platform for the wellness industry, acquired Bowtie, an AI-powered automated virtual receptionist solution for dating businesses. Bowtie automatically books customers, answers questions, and enables live chat via text and web.
  • In May 2019, Zenoti, a renowned enterprise cloud platform that offers services to the beauty and wellness industry, announced about its recent 50 million Series C funding round that was led by Tiger Global Management, which involved the participation of Norwest Venture Partners and Accel.

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FAQ's

What is the current size of the global spa and salon software market?

The global spa and salon software market size is estimated to be worth USD 0.76 bn in 2024.

Which regions contribute significantly to the global spa and salon software market share?

North America and Europe are major contributors to the global spa and salon software market share, driven by a high concentration of spas and salons and early technology adoption.

How has the COVID-19 pandemic influenced the adoption of virtual consultation features in spa and salon software in North America?

The pandemic has accelerated the adoption of virtual consultation features in North America, allowing spas and salons to connect with clients remotely, discuss preferences, and provide personalized services while ensuring safety.

Who are the key players in the global spa and salon software market?

Companies playing a major role in the global spa and salon software market include MindBody Inc., DaySmart Software, Springer-Miller Systems, Zenoti and Waffor.

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