The Business Research Company recently released a comprehensive report on the Global Cleaning Service Software Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
According to The Business Research Company’s, The cleaning service software market size has grown strongly in recent years. It will grow from $1.63 billion in 2023 to $1.79 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to market competition and industry consolidation, growing demand for automation, regulatory compliance and quality standards, increasing focus on customer experience, rise of service-based business models.
The cleaning service software market size is expected to see strong growth in the next few years. It will grow to $2.65 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to sustainable practices, demand for sustainable practices, global pandemic response, shift towards smart buildings, economic recovery and growth. Major trends in the forecast period include increased integration with IoT and smart building technology, rise of AI-driven cleaning solutions, focus on mobile accessibility and on-demand services, growing adoption of cloud-based solutions, emphasis on data analytics and predictive maintenance.
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Market Drivers and Trends:
The increasing expansion of the hospitality industry is expected to propel the growth of the cleaning service software market going forward. The hospitality industry comprises businesses offering guests accommodation, food, beverages, entertainment, and related services, encompassing hotels, restaurants, bars, resorts, and event planning companies. The expansion of the hospitality industry is driven by increasing globalization, rising disposable incomes, and growing consumer demand for travel and leisure experiences. Cleaning service software is used in the hospitality industry to streamline housekeeping operations, manage cleaning schedules, allocate tasks to staff, track inventory, and ensure efficient maintenance of guest rooms and facilities. For instance, in January 2024, according to Eurostat, a Luxembourg-based statistical office of the European Union, during the third quarter of 2023, guests stayed for a total of 309.4 million nights in short-term rental accommodations across the European Union (EU), booked through platforms such as Airbnb, Booking, Expedia Group, or TripAdvisor, marking a 13.4% increase compared to the corresponding period in 2022. Additionally, in the first nine months of 2023, guests spent over 546.2 million nights in EU short-term rental accommodations reserved via online platforms, showcasing significant growth compared to the same period in 2022, which totaled 488.6 million nights, indicating an 11.8% increase. Therefore, the increasing expansion of the hospitality industry is driving the growth of the cleaning service software market.
Major companies operating in the cleaning service software market are focused on developing innovative products, such as TEAM Lite, to gain a competitive edge in the market. TEAM Lite cleaning software is a digital solution with a clear and intuitive interface, easily navigable features, and simplified workflows, enabling cleaning professionals to efficiently manage tasks without requiring extensive training or technical expertise. For instance, in March 2022, TEAM Software, a US-based software company, launched TEAM Lite, a specialized software solution designed to assist small cleaning businesses in streamlining operations and driving growth. This software is tailored for residential and commercial cleaning companies with fewer than 100 employees, offering features like a cleaning mobile app for field data collection, customer relationship management (CRM) capabilities, account management, dispatching, reporting, and more. Team Lite aims to help these businesses make smarter decisions, enhance productivity, improve communication, and boost service performance.
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Major Key Players of the Market:
Verizon Connect, Broadcom Inc, Workwave LLC, Jobber, eMaint Enterprises LLC, GoCanvas, FieldAware US Inc, Repsly Inc, ZenMaid Software Inc, Loc8 IT, Kickserv Inc, Housecall Pro, Ergos Software Inc, Payzerware, Westrom Software, Swept Technologies, Maidily, Vonigo, ServiceCEO Inc, ServiceTitan Inc, WorkWave, RazorSync LLC, CleanTie
Cleaning Service Software Market 2024 Key Insights:
• The cleaning service software market size is expected to see strong growth in the next few years. It will grow to $2.65 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%.
• Rising Expansion Of Hospitality Industry Fuels Growth In The Cleaning Service Software Market
• TEAM Software Revolutionizes The Cleaning Industry With The Launch Of TEAM Lite
• Asia-Pacific was the largest region in the cleaning service software market in 2023
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