competitor analysis is carried out very well in the Smart Hospitality market report which takes into account vital aspects about the key players in the market such as strong and weak points of the competitors and analysis of their strategies with respect to product and market. Such highlights about competitive landscape plays very important role in deciding about the enhancements required in the product that is already there in the market or the future product. The report endows with the estimations about the growth rate and the market value based on market dynamics and growth inducing factors. This Smart Hospitality report has been made with a complete understanding of business environment which best suits the requirements of the client.
Global Smart Hospitality Market is set to witness a healthy CAGR of 26.57% in the forecast period of 2019 to 2026. 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
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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.
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.
- 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
- 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
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.
Major Market Competitors/Players
Honeywell International Inc., Oracle, Infor, Winhotel Solution SL, BuildingIQ, WiSuite, Qualsoft Systems Pvt. Ltd., SAMSUNG, BLAZON HOTELS, Control4 Corporation, , Guestline, Cloudbeds, Frontdesk Anywhere among others.
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
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Segmentation: Global Smart Hospitality Market
- 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
- Professional Services
- Consulting Services
- Deployment and Integration
- Support and Maintenance
- Managed Services
- Professional Services
- Hotel Operation Management System
By Hotel Type
- Business Hotels
- Heritage and Boutique Hotels
- Resorts and Spas
By Deployment Model
- Luxury Yachts
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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