Data Bridge Market Research has provides the Qualitative and informative knowledge by adding titled “Smart Hospitality Market by By Type (Software, Services,), Hotel Type (Business Hotels, Heritage and Boutique Hotels, Resorts and Spas, Others), Deployment Mode (On-Premises, On-Demand), Application (Hotels, Cruise, Luxury Yachts, Others), Geography(North America, South America, Europe, Asia-Pacific, Middle East and Africa) Analysis and Forecast, 2019 – 2026”. In this report, Researchers have analyzed Strength, Weakness, opportunities and threats in the market and provides the unbiased picture of the market with the Qualitative and informative knowledge. The Smart Hospitality Market report additionally states import/trade utilization, free market activity figures, cost, value, volume and gross edges.
Few of the leading organizations’ names are listed here- NEC Corporation, Huawei Technologies Co. Ltd., IBM Corporation, Cisco, Siemens, Schneider Electric, Johnson Controls, Honeywell International Inc., Oracle, Infor, Winhotel Solution SL, BuildingIQ, WiSuite, Qualsoft Systems Pvt. Ltd., SAMSUNG, BLAZON HOTELS, Control4Corporation, , Guestline, Cloudbeds, Frontdesk Anywhere among others
Global smart hospitality market is set to witness a healthy CAGR of 26.57% in the forecast period of 2019 to 2026. The report contains data of the base year 2018 and historic year 2017
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Market Definition: Global Smart Hospitality Market
Smart hospitality refers to the integration of technology such as automated software and smart solutions for hospitality. It is widely used in hotels and cruises. It helps to reduce the cost and also improves the efficiency of staff and gives a unique experience to the guest so that they want to come again. It helps the guest in the selection of rooms, type and number of their choice, room entertainment systems as well as internet features
Recent Developments in the Market:
- In August 2019, InterContinental Hotels Group announced the expansion of its avid hotel brand. It will be a 95 room hotel including rooms designed for sound sleep, with the intervention of latest technology for entertainment to provide guest a unique experience, and high quality breakfast. The expansion will offer new features for providing quality experience to the guests.
- In August 2019, SG Developers announced their acquisition of IIPL to develop smart solution products using technology. This acquisition will expand the R&D capabilities of the company and will develop smart solutions and next generation products for the hospitality industry.
Key vendors operating in the Market:
Few of the major competitors currently working in the global smart hospitality market are NEC Corporation, Huawei Technologies Co. Ltd., IBM Corporation, Cisco, Siemens, Schneider Electric, Johnson Controls, Honeywell International Inc., Oracle, Infor, Winhotel Solution SL, BuildingIQ, WiSuite, Qualsoft Systems Pvt. Ltd., SAMSUNG, BLAZON HOTELS, Control4Corporation, , Guestline, Cloudbeds, Frontdesk Anywhere among others.
Competitive Analysis
Global smart hospitality market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of smart hospitality market for Global, Europe, North America, Asia Pacific, South America and Middle East and Africa.
Focal points covered in this Smart Hospitality Market report
- This Smart Hospitality Market report provides pin point analysis of the market outlook and later establishes its comparison with current patterns. Also it creates a relationship of the market outlook with Porter Five Force Analysis
- This research report is inclusive concept of the market progression. The market progression considers the components of the present situation and compares the current scenario of the market with future developmental chances.
- The Smart Hospitality Market research report includes investigation at global and regional levels. These comprehensive and local level investigations are inclusive of the request as well as the supply powers which in turn willingly or unwillingly affects the market development
- Various Topics such as product offering, finance related data, recent developments, analysis of Strengths, weakness, Opportunities and Threats in the upcoming scenario are highlighted in this research report.
Why to purchase this report?
Following are the reasons to consider this Smart Hospitality Market report:
- This ultimate guide will help you stay ahead in market as it furnishes you with the profiles of the key market players and their working methodologies and their decision making capabilities.
- The report analyzes various factors which act as drivers and restraints to development the overall Smart Hospitality Market market.
- This report not only analyzes present market condition but it likewise estimates how the Smart Hospitality Market is going to perform for estimated time period of 2019-2026.
- It enables you to adopt smart methodologies and form better decisions by giving a clear idea about customer’s requirement and preferences regarding the product in particular region.
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According to the research report "Smart Hospitality Market by Software (Hotel Operation Management System, Hotel Building Automation System), Service (Professional, Managed), Hotel Type (Business, Heritage & Boutique, Resorts & Spas), Deployment Model, and Region - Global Forecast to 2021", published by MarketsandMarkets, global smart hospitality market size expected to grow from USD 5.74 Billion in 2016 to USD 18.11 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 25.8%.Browse 102 market data tables and 52 figures spread through 172 pages and in-depth TOC on “Smart Hospitality Market - Global Forecast to 2021”Early buyers will receive 10% customization on reports.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=93242156The major drivers for upsurge in demand for smart hospitality software and services include the growing demand for real-time optimized guest experience management, luring revenue generation & low operational costs, and increasing adoption of Internet of Things (IoT) & energy management systems.Hotel building automation system is expected to hold the largest market share in the smart hospitality market.The hotel building technology has significantly changed over time, and various disciplines such as building automation for facility & emergency response management, building energy optimization, parking management, and water management are now being widely adopted in the hospitality sector.
In addition, these hotels deploy various building automation and mobile device-enabled technologies to provide a mesmerizing experience to the guests.On-demand deployment model is expected to grow at the highest CAGR during the forecast periodThe on-demand deployment model, also referred to as Software-as-a-Service (SaaS) and Platform-as-a-Service (PaaS), enables hotels to deploy their software and services on a virtual environment.
The cloud-based deployment smart hospitality software reduces the cost associated with purchasing, servicing, and powering of server-class machines.
It also ensures the integrity of data back-up while reducing the risk of expensive security breaches.Europe is expected to hold the largest market share in the smart hospitality marketAs per the geographic analysis, Europe is likely to benefit from its technological advancements, robust internet infrastructure, and widespread adoption of new technologies.
The need for better operational efficiency at a low operating cost is expected to bring continuous growth in the smart hospitality market.Speak to Our Expert Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=93242156The major vendors covered in the smart hospitality market for this study include Schneider Electric (Rueil-Malmaison, France), Siemens AG (Munich, Germany), IBM Corporation (New York, U.S.), BuildingIQ (California, U.S.), Honeywell International (New Jersey, U.S.), Winhotel Solutions (Balearic Islands, Spain), Cisco Systems, Inc. (San Jose, U.S.), Oracle Corporation (California, U.S.), Huawei Technologies (Shenzhen, China), Johnson Controls (Wisconsin, U.S.), NEC Corporation (Tokyo, Japan), and Infor, Inc. (New York, U.S.).About MarketsandMarketsMarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports.
Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M is catering to a multitude of clients across 8 different industrial verticals.
A new research study from “Data Bridge Market Research” with title Smart Hospitality Market Insights 2019, Global Analysis and Forecast to 2026 provides an in-depth assessment of the Smart Hospitality Market including key market trends, upcoming technologies, industry drivers, challenges, regulatory policies, key players company profiles and strategies.
The report contains data of the base year 2018 and historic year 2017Get Exclusive Sample Report: @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-smart-hospitality-marketMarket Definition: Global Smart Hospitality MarketSmart hospitality refers to the integration of technology such as automated software and smart solutions for hospitality.
It is widely used in hotels and cruises.
It helps the guest in the selection of rooms, type and number of their choice, room entertainment systems as well as internet features Global Smart Hospitality Market By Type (Software, Services,), Hotel Type (Business Hotels, Heritage and Boutique Hotels, Resorts and Spas, Others), Deployment Mode (On-Premises, On-Demand), Application (Hotels, Cruise, Luxury Yachts, Others), Geography(North America, South America, Europe, Asia-Pacific, Middle East and Africa) Competitive AnalysisGlobal smart hospitality market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
It will be a 95 room hotel including rooms designed for sound sleep, with the intervention of latest technology for entertainment to provide guest a unique experience, and high quality breakfast.
This acquisition will expand the R capabilities of the company and will develop smart solutions and next generation products for the hospitality industry.Focal points covered in this Smart Hospitality Market reportThis Smart Hospitality Market report provides pin point analysis of the market outlook and later establishes its comparison with current patterns.
