Global Lost And Found Software market to surpass USD 262.80 million by 2024 from USD 58.80 million in 2019 at a CAGR of 59.90% throughout the forecast period, i.e., 2020-24. The lost and found software market is growing due to the accelerating demand for a robust solution to manage lost and found articles at different public places including hotels, airports, airlines, universities, railways, and others. The market is anticipated to grow due to the adoption of digital technologies such as cloud, IoT, artificial intelligence, analytics, big data which are used to manage lost and found items at various public places.
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Global Lost And Found Software Market: Segments
Annual subscription segment to grow with the highest CAGR of XX.X% during 2020-24
Global Lost And Found Software market is segmented by Type into Annual Subscription. The annual Subscription segment held the largest market share in the year 2019 as it provides approachable offers to the customers to try and test the service of the software.
Hotel Segment to grow with the highest CAGR of XX.X% during 2020-24
Global Lost And Found Software market is distributed by Application into Airlines, Airports, Hotels, and Others. Hotel Segment held the largest market share of XX.X% in the year 2019. With the rise in tourist arrivals, the lost and found cases have also observed an upsurge over the past few years. The hotel’s lost and found process can be streamlined and automated using lost and lost and found software.
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Market Dynamics
Drivers
Managing Guest Experience at Hotels, Airports, Airlines and other public places
Lost and found software can be easily used by the customers and provides the convenience to search the lost items. Customers can use various search options to find their lost items using keywords, category, or even dates that enables them to know the exact location of their lost items. The software provides easy accessibility and convenience that improves the service as well as customer experience at airlines, hotels, and other public places which is a key factor driving the growth of the global market.

High rate of returned property
Lost and found software is inbuilt with advanced tools that help the management to match the claims with the descriptions and pictures of the items, this simplifies the overall process and minimizes the probability of the wrong person picking up the lost item. Besides, the software also eliminates the traditional method of recording data in spreadsheets that enhances the efficiency of the professionals and reduces workload. This leads to a high rate of returned property in comparison to other traditional methods used for the management of lost and found items which is a key factor driving the growth of the global market
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Restraint
Low awareness among target customers
The dearth of expertise to operate the lost and found software and lack of proper infrastructure to support the system among end-users is expected to hamper the growth of the global market. Besides, low awareness among end-use industries regarding the lost and found software is also impacting the global market.

Global Lost And Found Software Market: Key Players
>24/7 software
>IQware
>chargerback
>Lostings Inc.
>MissingX
>ReclaimHub
>Rubicon IT GmbH
>Troov
>Crowdfind
>Have it Back
>iLost
>Other Prominent Players
Get Valuable Insights into Global Lost and Found Software Market
In the new report, Fatpos Global thrives to present an unbiased analysis of the global Lost and Found Software market that covers the historical demand data as well as the forecast figures for the period, i.e., 2020-2024. The study includes compelling insights into the growth that is witnessed in the market. The market is segmented by type into Annual Subscription. By Application, the market is segmented into Airlines, Airports, Hotels, and Others. Geographically, the market is segmented into North America, Latin America, Europe, APAC, and MENA.
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