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 Smart Hospitality including key market
trends, upcoming technologies, industry drivers, challenges, regulatory policies,
key players company profiles and strategies. Some of the leading key players
profiled in this study: 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
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:
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.
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
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.
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Regional analysis for
Smart Hospitality Market includes:
•
North America
•
Latin America
•
Europe
•
Asia Pacific & Japan
•
The Middle East and Africa
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.
Some of the key questions
answered in this report:
·
Detailed Overview of Smart Hospitality Market
helps deliver clients and businesses making strategies.
·
Influential factors that are thriving demand and
constraints in the market.
·
What is the market concentration? Is it
fragmented or highly concentrated?
·
What trends, challenges and barriers will impact
the development and sizing of Smart Hospitality Market?
·
SWOT Analysis of each key players mentioned
along with its company profile with the help of Porter’s five forces tool
mechanism to compliment the same.
·
What growth momentum or acceleration market
carries during the forecast period?
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About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric
Market research and consulting firm with unparalleled level of resilience and
integrated approaches. We are determined to unearth the best market
opportunities and foster efficient information for your business to thrive in
the market. Data Bridge Market Research provides appropriate solutions to the
complex business challenges and initiates an effortless decision-making
process.
Contact:
Data Bridge Market Research
Tel: +1-888-387-2818
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