Spa and Salon Software Market by Application and Geography - Forecast and Analysis 2022-2026

Published: Oct 2022

Pages: 113

SKU: IRTNTR74550

Snapshot

The spa and salon software market share is expected to increase by USD 137.71 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.92%.

This market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the market segmentation by deployment (cloud and on-premises) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The market report also offers information on several market vendors, including AestheticsPro, Booksy International sp. z o.o., Boulevard Labs Inc., DaySmart Software Inc., Hive, Millennium Systems International LLC, MINDBODY Inc., OpenSpend Inc., Phorest Inc., ProSolutions Software, Salonist, SalonRunner Software LLC, SalonTarget, Shortcuts Software Australia Pty Ltd., SimpleSpa, Springer-Miller Systems, Syntec Business Systems Inc., Vagaro Inc., Waffor Inc., and Zenoti among others.

What will the Spa and Salon Software Market Size be During the Forecast Period?

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Spa and Salon Software Market: Key Drivers, Trends, and Challenges

Our researcher studied the historical data for years, with 2021 as the base year, and 2022 as the estimated year, and produced drivers, trends, and challenges for the market. During the COVID-19 pandemic, the demand has been impacted greatly. A holistic analysis of drivers will help in predicting exact demands and refining marketing strategies to gain a competitive advantage.

Key Spa and Salon Software Market Driver

Reduction in overall operational costs is one of the key drivers supporting market growth. Spa and salon software lowers the dependence on manual record maintenance, which increases overall efficiency. Spas and salons are gradually deploying this software to eliminate inadequacies and accelerate overall process efficiency. Also, this software helps spa and salon managers control costs by scheduling the right number of staff to cater to the high demand during peak season and building an accurate and cost-effective labour schedule. In addition, spas and salons can maximize their revenue by more than 8% and increase sales by more than 35%, thereby driving the demand for spa and salon software.

Key Spa and Salon Software Market Trend

Growing adoption by small-scale spa and salon service providers is one of the key market trends contributing to the market growth. Fluctuating consumer demands in the market due to increasing lifestyle demands are expected to increase the deployment of cloud-based services by small-scale spa and salon service providers. Similarly, the growing demand for uninterpreted services and better reliability offered by cloud solutions and the rise in the adoption of advanced technology and social media in marketing are resulting in the adoption of spa and salon management software among small-scale spa and salon service providers. This trend is growing in the developing economies of APAC due to a rise in the demand for SaaS-based applications. This, in turn, lowers the overall operation and maintenance costs incurred on having on-premises servers. Owing to these factors, the market is expected to grow during the forecast period.

Key Spa and Salon Software Market Challenge

Complications in changeover from traditional systems are one of the factors hindering market growth. A business should consistently satisfy customer needs by launching new products or services as per the market demand by tracking and analyzing customer interactions in a systematic and organized way to convert potential leads to a final sale. However, the adoption of advanced technology in the spa and salon sector is causing system integration and interoperability issues. For instance, after the implementation process, the work should be re-aligned with the culture of the teams and should adequately map the users with the lead management applications. Such drawbacks will hinder market growth in the near future.

This market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global spa and salon software market as a part of the global application software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.

Who are the Major Spa and Salon Software Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

This statistical study of the market encompasses successful business strategies deployed by the key vendors. The market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

phorest.com - The company offers spa and salon software such as Phorest Spa Software.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The vendor profiles are designed to help clients improve their market position, and information on production and sustainability along with this report provides a detailed analysis of several leading Companies.

Spa and Salon Software Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the spa and salon software market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Spa and Salon Software Market?

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37% of the market’s growth will originate from North America during the forecast period. The US is the key market for spa and salon software in North America. Market growth in this region will be slower than the growth of the market in APAC.

The improved penetration of social media and the high demand for cost-efficient spa and salon services will facilitate the market's growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

The regional market witnessed a slowdown in growth owing to the COVID-19 outbreak in 2020 and 2021. However, in 2021, the initiation of mass vaccination drives and various government initiatives resulted in the relaxation of lockdown restrictions and the resumption of spa and salon business operations. These factors are expected to propel the growth of the market in North America during the forecast period.

What are the Revenue-generating Deployment Segments in the Spa and Salon Software Market?

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The market share growth in the cloud segment will be significant during the forecast period. Cloud-based spa and salon software solutions are becoming more popular due to their cost-effectiveness, especially for small spas and salons. Such factors are expected to drive the growth of the global market in the cloud-based deployment segment during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on the post-COVID-19 impact on each segment.

Spa and Salon Software Market Scope
Report Coverage	Details
Page number	113
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 7.92%
Market growth 2022-2026	$137.71 million
Market structure	Fragmented
YoY growth (%)	7.24
Regional analysis	North America, Europe, APAC, South America, and the Middle East and Africa
Performing market contribution	North America at 37%
Key consumer countries	US, China, Japan, UK, and Germany
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	AestheticsPro, Booksy International sp. z o.o., Boulevard Labs Inc., DaySmart Software Inc., Hive, Millennium Systems International LLC, MINDBODY Inc., OpenSpend Inc., Phorest Inc., ProSolutions Software, Salonist, SalonRunner Software LLC, SalonTarget, Shortcuts Software Australia Pty Ltd., SimpleSpa, Springer-Miller Systems, Syntec Business Systems Inc., Vagaro Inc., Waffor Inc., and Zenoti
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Spa and Salon Software Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive market growth during the next five years
Precise estimation of the market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behaviour
The growth of the spa and salon software industry across North America, Europe, APAC, South America, and the Middle East and Africa
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of market vendors

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Deployment
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Deployment

5.1 Market segments
- Exhibit 24: Chart on Deployment - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Deployment - Market share 2021-2026 (%)

5.2 Comparison by Deployment
- Exhibit 26: Chart on Comparison by Deployment
- Exhibit 27: Data Table on Comparison by Deployment

5.3 Cloud - Market size and forecast 2021-2026
- Exhibit 28: Chart on Cloud - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Cloud - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Cloud - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Cloud - Year-over-year growth 2021-2026 (%)

5.4 On premises - Market size and forecast 2021-2026
- Exhibit 32: Chart on On premises - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on On premises - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on On premises - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on On premises - Year-over-year growth 2021-2026 (%)

5.5 Market opportunity by Deployment
- Exhibit 36: Market opportunity by Deployment ($ million)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison

7.3 North America - Market size and forecast 2021-2026
- Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026
- Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 APAC - Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026
- Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026
- Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 UK - Market size and forecast 2021-2026
- Exhibit 66: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on UK - Year-over-year growth 2021-2026 (%)

7.10 China - Market size and forecast 2021-2026
- Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)

7.11 Germany - Market size and forecast 2021-2026
- Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.12 Japan - Market size and forecast 2021-2026
- Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption

9.4 Industry risks
- Exhibit 86: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 87: Vendors covered

10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification

10.3 DaySmart Software Inc.
- Exhibit 89: DaySmart Software Inc. - Overview
- Exhibit 90: DaySmart Software Inc. - Product / Service
- Exhibit 91: DaySmart Software Inc. - Key offerings

10.4 Millennium Systems International LLC
- Exhibit 92: Millennium Systems International LLC - Overview
- Exhibit 93: Millennium Systems International LLC - Product / Service
- Exhibit 94: Millennium Systems International LLC - Key offerings

10.5 MINDBODY Inc.
- Exhibit 95: MINDBODY Inc. - Overview
- Exhibit 96: MINDBODY Inc. - Product / Service
- Exhibit 97: MINDBODY Inc. - Key offerings

10.6 Phorest Inc.
- Exhibit 98: Phorest Inc. - Overview
- Exhibit 99: Phorest Inc. - Product / Service
- Exhibit 100: Phorest Inc. - Key offerings

10.7 Salonist
- Exhibit 101: Salonist - Overview
- Exhibit 102: Salonist - Product / Service
- Exhibit 103: Salonist - Key offerings

10.8 SimpleSpa
- Exhibit 104: SimpleSpa - Overview
- Exhibit 105: SimpleSpa - Product / Service
- Exhibit 106: SimpleSpa - Key offerings

10.9 Springer Miller Systems
- Exhibit 107: Springer Miller Systems - Overview
- Exhibit 108: Springer Miller Systems - Product / Service
- Exhibit 109: Springer Miller Systems - Key offerings

10.10 Vagaro Inc.
- Exhibit 110: Vagaro Inc. - Overview
- Exhibit 111: Vagaro Inc. - Product / Service
- Exhibit 112: Vagaro Inc. - Key offerings

10.11 Waffor Inc.
- Exhibit 113: Waffor Inc. - Overview
- Exhibit 114: Waffor Inc. - Product / Service
- Exhibit 115: Waffor Inc. - Key offerings

10.12 Zenoti
- Exhibit 116: Zenoti - Overview
- Exhibit 117: Zenoti - Product / Service
- Exhibit 118: Zenoti - Key offerings

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 119: Inclusions checklist
- Exhibit 120: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 121: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 122: Research methodology
- Exhibit 123: Validation techniques employed for market sizing
- Exhibit 124: Information sources

11.5 List of abbreviations
- Exhibit 125: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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