Hotel and Hospitality Management Software Market in Malaysia 2018-2022

The hotel and hospitality management software market in Malaysia is forecasted be worth about USD 109 million by 2022, growing at a CAGR of more than 10% over the five-year period. Wondering how to make the most of the flourishing hotel and hospitality management software market in Malaysia? Technavio’s extensive industry research report offers detailed insights that will allow you to take full advantage of the opportunities available to you. For example, the rise in cloud integration is forecasted to drive the growth of the hotel and hospitality management software market in Malaysia, making it an important factor to watch. This report also examines the competitive landscape and some key vendors that include Cisco Systems, IBM, and Oracle.

Check out some interesting facts about the hotel and hospitality management software market in Malaysia

The hotel and hospitality management software market in Malaysia is driven by rising demand for mobility

The growth of the hotel and hospitality management software market in Malaysia is driven by rising demand for mobility. Over the past few years, millions of dollars have been invested in upgrading hotels with tablets and mobile devices, assuming guests would prefer a digital check-in experience. The growing number of international tourists visiting Malaysia is likely to contribute to the demand for hotel management system software. In addition, it is forecasted that the number of international tourists in Malaysia will increase to 33 million by 2020, which is expected to boost the growth of the hotel and hospitality management software market in Malaysia.

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Cloud integration is gaining momentum in the hotel and hospitality management software market in Malaysia

The demand for cloud-based integration of hotel and hospitality management systems is increasing among hotels in Malaysia. The SaaS-based model provides access to the application via web-based browsers, wherein the admin has previously defined the access level and processes across the organization. SaaS-based hotel management software features provide easy access and mobility to users with mobile devices, which is likely to influence the growth of the hotel and hospitality management software market in Malaysia.

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Cisco Systems, IBM, and Oracle are among the top vendors in the hotel and hospitality management software market in Malaysia

The hotel and hospitality management software market in Malaysia is expected to become highly fragmented with the presence of several international and regional vendors that offer several types of hotel management system software. Several companies are developing applications for mobile devices, including iOS and Android devices, to increase their market share and stay competitive in the market. Hotels in Malaysia are phasing out the traditional manual registration desk process with newer technologies and innovative hotel management software features. Many international and regional vendors are vying for their share of the market, and players must differentiate themselves to gain vital traction over their peers by offering the best hotel and hospitality management software in Malaysia.

This report offers a complete analysis of several companies, including:

• Cisco Systems
• IBM
• Oracle
• Sabre
• SAP
• Siemens

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