According to a research report “Smart Hospitality Market by Offering (Solutions, Services), Solution (Property Management System, Network Management System, Integrated Security Management System), Deployment Mode, End User and Region — Global Forecast to 2027” published by MarketsandMarkets, the global smart hospitality market size is expected to grow from USD 13.6 billion in 2022 to USD 49.9 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 29.8% during the forecast period.
Browse 301 market data Tables and 49 Figures spread through 285 Pages
Download Sample Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=93242156
By offering the services segment to have the highest growth rate during the forecast period
The services segment is expected to have a higher growth rate during the forecast period. The smart hospitality market, by service, is segmented into professional services and managed services. The services segment is expected to witness fast growth in the future . The rise in the number of smart hotels is driving software and services used for integration, maintenance, and training will drive the growth of smart hospitality services in the market.
By end-user, the hotels segment to have the highest market share during the forecast period
The hotels segment is expected to have the highest market share during the forecast period. The hotel type is segmented into four categories: commercial, heritage & boutique hotels, resorts & spas, and other hotel types. The need to provide smart guest experience using smart hospitality solutions and services in the hotels will drive the segment during the forecast period.nAlsonthe increasing standard of living, the number of luxury hotels, and a notable enhancement in the guest service will drive the market.
Europe region to account for highest market share in smart hospitality market
Europe is one of the prominent regions the smart hospitality market. The relatively robust internet infrastructure, openness to new technology, and presence of a strong domestic cloud provider have all contributed to the growth of the smart hospitality market. The European market for Internet of Things (IoT) solutions is growing. Germany, the United Kingdom, France, Italy, Spain, and the Netherlands are leading European IoT adoption. The hospitality sector in Europe is undertaken strong efforts to raise resource efficiency and reduce its greenhouse gas emissions. The government’s modern industrial strategy sets out a long-term plan to boost the productivity and to earn the power of people throughout the region.
Key and innovative vendors in the smart hospitality market are NEC (Japan), Huawei ( China), Schneider Electric (France), Cisco (US), IBM (US), Honeywell (US), Legrand (France), Siemens AG (Germany), Oracle (US), Johnson Controls (Ireland), Samsung (South Korea), Infor (US), Leviton (US), Sabre (US), Springler-Miller Systems (US), Control4 (US), Global Business Solutions (Saudi Arabia), Wisuite (US), Qualsoft Systems (India), Hospitality Network (US), Guestline (UK), Cloudbeds (US), Frontdesk Anywhere (US), Chris Lewis Group (UK), Xie Zhu (China), BuildingIQ (US), Stayntouch (US)
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1–888–600–6441
Email: [email protected]
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.
Ltd., SAMSUNG, BLAZON HOTELS, Control4Corporation, , Guestline, Cloudbeds, Frontdesk Anywhere among othersGlobal smart hospitality market is set to witness a healthy CAGR of 26.57% in the forecast period of 2019 to 2026.
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 featuresRecent 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.
Ltd., SAMSUNG, BLAZON HOTELS, Control4Corporation, , Guestline, Cloudbeds, Frontdesk Anywhere among others.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.
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.
