Spa and Salon Software Market

Global Spa and Salon Software Market Size (2024 to 2032)

The size of the global spa and salon software market is expected to grow from USD 0.76 billion in 2024 to USD 1.32 billion by 2032, growing at a CAGR of 7.11% during the foreseen period.

Current Scenario of the Global Spa and Salon Software Market

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.

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.

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.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Spa and Salon Software Market Analysis By Deployment Model

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.

REGIONAL ANALYSIS

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 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.

RECENT HAPPENINGS IN THE GLOBAL SPA AND SALON SOFTWARE 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.

DETAILED SEGMENTATION OF THE GLOBAL SPA AND SALON SOFTWARE MARKET INCLUDED IN THIS REPORT

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.

By Organization Size

• SMEs
• Large Companies

By Deployment Model

• Cloud
• On-Premises

By Solution

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

By Region

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