On Demand Wellness Software Market: Current Analysis and Forecast (2022-2028)

The on-demand wellness software market is expected to register a CAGR of approx. 8% over the period of 2022-2028. On-demand wellness software is displacing traditional methods of service by providing customized, on-demand services. It allows customers to choose the services of their choice, and depending on their availability, consumers can book or enroll in the services in advance based on the time slot when the service can be delivered to the consumers. The growing demand for on demand wellness software can be attributed to the increased digital engagement and the growing trends in beauty and wellness across the globe and the wellness industry has become increasingly attractive to investors owing to the technology-driven innovations contributing to market penetration. For instance, in June 2022, Booksy introduced the new add-ons feature, allowing service providers to exhibit their additional menu options, adding value to the end customers and helping the service provider to upsell their services. These new add-ons feature also allow the service provider to add new services like nail art, tips on wellness products, exhibit the premium products, and so on. Furthermore, the on-demand wellness software market is anticipated to grow on account of the increased adoption of environmentally friendly and organic wellness products. However, some of the restraints in the market including the no proper network connection are impeding the growth of this market all over the world.

Booksy, Soothe Inc., Urbanclap Technologies India Pvt. Ltd, STYLEBEE, Priv, Glamsquad, Zeel Networks Inc., Urban Massage Ltd., The Glam App, ManiCare are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report:

"Amongst type, the web-based category on demand wellness software category accounted for the significant share in the market in 2020"

Based on the type, the on-demand wellness software market is segmented into cloud-based and web-based. The web-based segment accounted for a significant market share and it is estimated that it will grow rapidly during the projected timeframe. Web-based software is a collection of programs that use centralized data, are frequently operated on secure servers located outside of local networks or particular locations and are quickly accessible via the Internet

"Amongst application, the small & medium enterprises category is expected to witness considerable CAGR during the forecast period"

Based on the application, the market is fragmented into large enterprises and small & medium enterprises. The small & medium enterprises segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period. Software platforms that are available on demand help SMEs stay ahead of the competition by enabling them to make important business decisions quickly. Furthermore, small businesses have better access to financing, can borrow funds from the financial market rather than relying solely on bank loans, and are vital to the economy.

"North America to witness significant growth during the forecast period"

North America constitutes a major market for the on demand wellness software industry owing to the advancements in technology and rising demand for online wellness services. Stress, sedentary lifestyles, insufficient time for social and community activities, and other poor lifestyle choices are some of the critical risk factors responsible for rising chronic illnesses.

Reasons to buy this report:

The study includes market sizing and forecasting analysis validated by authenticated key industry experts.

The report presents a quick review of overall industry performance at one glance.

The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.

Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

The study comprehensively covers the market across different segments.

Deep dive regional level analysis of the industry.

Customization Options:

Global on demand wellness software market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.