In a recent published report, Kenneth Research has updated the market report for Recreation Management Software Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
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U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Recreation Management Software Market products
The Recreation Management Software Market is estimated to record a significant growth throughout the forecast period. The ICT sector constitutes 4.8% of the European economy. Europe’s organization ERDF i.e. European Regional Development Fund has allotted approximately USD 23 billion for investments related to ICT during the funding period 2014-2020. ICT refers to the communication technologies including the internet, wireless networks, social networking, cell phones, video-conferencing, computers, software, and other media applications and services enabling users to access, retrieve, and manipulate information in a digital form.
Market Synopsis
With the hectic work schedules, working professional in many companies, such as IT firms, are unable to get the sufficient time for leisure. Deprivation of such leisure time may result in untimely diet which can increase health issues such as, obesity and eventually increase the risk of heart diseases. Thus, recreation has become an essential aspect for the business organization to increase their efficiency and productivity in concern with employee health issues.
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Recreation management provides a framework for planning, organizing, developing and administration of recreation programs which directly benefits to the individuals and society. Recreation events such as entertainment shows, sports events and many more are currently carried out through different medium such as mobile terminal and PC terminal. With the increase in the number of mobile users and better internet facilities, the mobile terminal is expected to gain the largest market share of recreation management software market. Additionally, PC terminal is also expected to have a substantial growth over the forecast period.
Recreation management software also offers solutions in terms of scheduling the sports events such as football, cricket, rugby and many more. These services include venue management, registration solutions and ticket solutions. The solutions segment is presumed to have a significant growth over the forecast period from 2017-2023.The recreation management software has also been implemented in different commercial sectors such as healthcare, academic institutions, sports training center and community center.
Enhancement of technology has encouraged the recreation software to be deployed in terms of software as a service and platform as a service. With increase in number of IT firms engaged in solutions providers the recreation software market is expected to have significant growth over the forecast period.Rising health concern and increase in demand for recreation programs extensively organized by IT infrastructure is presumed to drive the recreation management software market over the forecast period.However, the lack of proper IT infrastructure in the emerging economies such as China and India and lack of healthcare centers in the Middle East and African countries are considered to be the restraining factors for the growth of recreation software market over the forecast period.
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Segmentation
Recreation management software market has been bifurcated into solution, deployment, organization, application, and end user.Recreation management software market has been categorized based on solution which includes venue management solutions, registrations solutions, ticketing solutions and event solutions. Deployment based recreation software is sub-segmented into software as a service (SaaS) and platform as a service (PaaS).Furthermore, on the basis of organizational size the recreation software is subcategorized into large enterprises and small and medium enterprises.Lastly, the recreation software market is sub segmented on the basis of end user which includes healthcare, education & academic, sports training center, community center, municipality center and government.
Regional Analysis
Geographically, the recreation management software has been categorized into North America, Europe Asia Pacific and Rest of the World.North America is anticipated to be a leading region in the recreation management software market. This is due to the increase in the number of health care centers and growing concerns of health issue such as obesity and heath diseases. The U.S and Canada are the prominent countries in the region. Europe is anticipated to have a substantial growth in recreation management software market.
Furthermore, Asia Pacific region is expected to be the fastest growing region in the recreation market. India and China are presumed to be prominent countries of this region. This is attributed to increase in disposable income of middle class people and rise in demand for the leisure lifestyle which are supposed to be the major drivers for the recreation market over the review period.
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Key players
The key players of recreation management software market include Perfect Mind Inc. (U.S.), EZ facility Inc, (U.S.), Yardi System Inc,(U.S.), Active Network LLC, (U.S.), Civicplus (U.S.), Legend Recreation Software Incorporation(U.S.),Jarvis Corporation (U.S.), EMS software LLC( U.S.), RECDESK LLC (U.K), MyREC.Com(U.S.) Dash Platform ( Australia).
Intended Audience
Recreation management software provider.
Software Solution providers
Small and Medium Enterprises
Recreation Agencies
Government
Community centers
Research Firms
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