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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.
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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.
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.
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.
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.
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.
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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.
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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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Deployment
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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