Smart Hospitality Market Size, Industry Growth and Top Leaders NEC Corporation, Huawei Technologies Co. Ltd., IBM Corporation, Cisco,BLAZON HOTELS, Control4 Corporation,

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) – Industry Trends and Forecast to 2026.  Global Smart Hospitality Market is set to witness a healthy CAGR of 26.57% in the forecast period of 2019 to 2026.   Global Smart Hospitality market 2019-2026 report offers a extensive and precise estimates and forecasts study of Smart Hospitality industry along with the analysis of essential features providing key industry insights to the readers. The Smart Hospitality market research report further delivers an methodical outlook of the industry by studying key components impacting the industry such as Smart Hospitality market growth, consumption volume, emerging trends and industry cost structures during the forecast period.

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Company Share Analysis: Global Smart Hospitality Market

The report for Smart Hospitality Market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments. 

Top players and brands are making maestro moves such as developments, products launches, acquisitions, mergers, joint ventures and competitive research in the Smart Hospitality market. A change was seen in the CAGR levels in the historic year 2016, the base year 2017 thus determining that CAGR levels will certainly change in the forecast years 2019-2026.

The hospitality industry is a broad category under the services industry spanning across multiple businesses and sectors driven by the ultimate focus of customer satisfaction. Hotels and restaurants form just one of the many sectors of this industry and constitute a major segment.

Smart Hospitality Industry Solutions provide hoteliers with an IT platform for delivering authentic, optimized services that allow each guest to enjoy a relaxed and pleasant hotel stay, basking in the warmth of hospitality.

Major Market Competitors/Players

Few of the major competitors currently working in the global smart hospitality market are         Winhotel Solution SL, BuildingIQ, WiSuite, Qualsoft Systems Pvt. Ltd., SAMSUNG, NEC Corporation, Huawei Technologies Co. Ltd., IBM Corporation, Cisco,BLAZON HOTELS, Control4 Corporation, , Guestline, Cloudbeds, Frontdesk Anywhere among others.

Market Drivers:

  • Surging demand for real time optimized guest experience management is driving the growth of the market
  • Attractive revenue growth and low operational costs is boosting the growth of the market
  • Increasing adoption of IoT and energy management systems is propelling the growth of the market
  • Advanced technological developments in smart hospitality is contributing to the growth of the business

Market Restraints:

  • High initial cost of deployment is restricting the growth of the market
  • Integration complexities over legacy systems and networks is hindering the growth of the market
  • Limited availability of technically skilled personnel is hampering the growth of the market

Detailed TOC: Global Smart Hospitality Market

1 Industry Overview of Smart Hospitality Market

2 Production Market Analysis of Smart Hospitality Market

3 Sales Market Analysis of Smart Hospitality Market

4 Consumption Market Analysis of Smart Hospitality Market

6 Major Manufacturers Production and Sales Market Comparison Analysis

7 Major Type Analysis

8 Major Application Analysis

9 Industry Chain Analysis

10 Global and Regional Market Forecast of Smart Hospitality Market

11 New Project Investment Feasibility Analysis

12 Conclusions

13 Appendix

Brows full report with TOC:

Segmentation: Global Smart Hospitality Market

By Type

  • Software
    • Hotel Operation Management System
      • Staff Mobility and Workforce Management
      • Inventory and Logistics Management
      • Revenue Management
    • Integrated Security System
      • Video Surveillance System
      • Access Control System
      • Emergency Incident Management System
    • Hotel Building Automation System
      • Energy Management Platform
      • Facility Management System
    • Guest Service Management System
      • Centralized Reservations Systems
      • Room Automation and Control System
      • Guest Experience Management System
    • Integrated Communication Technology Solutions
      • Network Management System
      • Unified Communications and Collaboration
      • Mobile Device Management System
    • Services
      • Professional Services
        • Consulting Services
        • Deployment and Integration
        • Support and Maintenance
      • Managed Services

By Hotel Type

  • Business Hotels
  • Heritage and Boutique Hotels
  • Resorts and Spas
  • Others

By Deployment Model

  • On-Premises
  • On-Demand

By Application

  • Hotels
  • Cruise
  • Luxury Yachts
  • Others

Key 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.

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.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key Market players involved in this industry
  • Detailed analysis of the Market Segmentation
  • Competitive analysis of the key players involved

Insights in the report

  • Strategic recommendations in key business sections in light of the market estimations.
  • Market share and size of all the foremost industry players.
  • The key findings and recommendations highlight crucial progressive industry trends in the Global Smart Hospitality Market, thereby allowing players to develop effective long term strategies
  • Drivers and restrains of the market
  • Historical and current market size and projection up to 2025.

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