SaaS for Spa Management Market
Growth Factors of SaaS for Spa Management Market
The SaaS for spa management market size was valued at USD 208.6 million in 2022, and the market is now projected to grow from USD 229.6 million in 2023 to USD 496.6 million by 2030, exhibiting a CAGR of 11.7% during the forecast period of 2023-2030.
The spread of COVID-19 had a severe impact on the world-wide economy as lockdown measures were implemented to control the spread of the virus. The spa industry also practised major challenges on account of severe lockdowns, social isolation measures, and travel limitations, prominent to a drop in client visits, resultant in income loss and short-term business termination.
The prompt variations in the business environment are creating it challenging for the spa industry to uphold long-term sales development and productivity. This alteration is majorly obsessed by digital technology tied with social and marketplace shifts. This change is anticipated to quick spa owners and managers to embrace digital technologies such as spa management software to streamline their processes and progress the overall spa experience. Additionally, the tech-savviness of the customer is growing promptly worldwide.
Medical spas are becoming progressively popular universally, with treatments and programs that benefit health additional than conventional spa treatments. The elderly population and growing demand aesthetics treatment, is motivating the demand for medical spas. Medical spa owners are progressively implementing technology such as the med spa software platform to augment their productivity. This software comforts various administrative happenings such as appointment arranging, keeping patient data, and inventory management. Growing popularity of health improvement activities among the inhabitants is enhancing the SaaS for spa management market growth.
Comprehensive Analysis of SaaS for Spa Management Market
The market can be segmented in various ways, depending on the focus of analysis such as by function and by end-use. Based on function, the market is classified into booking & scheduling, inventory management, employee management, analytics & reporting, and others. Based on end-use, the market is segmented into small & individual professionals and large businesses.
North America region is dominating the SaaS for spa management market share due to implementation of progressive technologies and techniques used in spas.
The key players are enthusiastically contributing in planned events that are targeted at maintaining durable market position and growing market share by merger, partnerships and others. These players include Rosy Salon Software U.S.), Fresha.com SV Ltd (U.K.), MINDBODY, Inc. (U.S.), Vagaro (U.S.), Treatwell (U.K.), Aesthetics Pro (U.S.), Zenoti (U.S.), Meevo (U.S.), Mangomint (U.S.), Boulevard (U.S.) these market players spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market.
In October 2022, Fresha.com SV Ltd launched a new partner referral program to reward current businesses registered on its platform when they invite another business.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 11.7% from 2023 to 2030
Unit Value (USD Million)
Segmentation By Function
Booking & Scheduling
Inventory Management
Employee Management
Analytics & Reporting
Others (Marketing & Campaign, Payment & Billing Management, and others)
By End-use
Small & Individual Professionals
Large Businesses
By Region
North America (By Function, By End-use, and By Country)
South America (By Function, By End-use, and By Country)
- Brazil
- Argentina
- Rest of Latin America
Europe (By Function, By End-use, and By Country)
- U.K.
- France
- Italy
- Rest of Europe
Asia Pacific (By Function, By End-use, and By Country)
- China
- Japan
- India
- South Korea
- ASEAN
- Oceania
- Rest of Asia Pacific
Middle East & Africa (By Function, By End-use, and By Country)
- Turkey
- Israel
- GCC
- North Africa
- South Africa
- Rest of the Middle East & Africa
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