U.S. Smart Hospitality Market is Expected to Grow at 20.4% in the Forecast Period of 2021 to 2028

U.S. Smart Hospitality Market is expected to grow at 20.4% with factors such as increasing demand for guest experience management. Surge in the application of IoT devices to offer seamless experience acts as a major factor for the growth of the market. Growing need of energy management in hotels and resorts have also given a boom to the U.S. smart hospitality market.

Boom in travel and tourism industry have propelled the demand of the market. However, high cost of deployment and incorporation has decreased the demand of the market.

U.S. Smart Hospitality Market Scenario                                   

Market leader is Oracle, which accounts an estimated market share of approximately 19.12% in the U.S. market. The company has gained outstanding sale by providing multiple smart hospitality solutions and products.

  • In July 2020, Oracle announced the release of Oracle’s OPERA Cloud. The Property Management and Sales and Event Management services of OPERA Cloud represent two dimensions of a single Oracle Hospitality solution. It helps in improving the workflow across hotel departments, leading directly to greater efficiency and revenue-generating opportunities. With this solution hoteliers can have more communication with their customers and can also handle more events and can do them in a better way.

U.S. Smart Hospitality MarketTrends Impacting the Market

The U.S. smart hospitality market is becoming more competitive with companies such as Oracle, Honeywell International Inc., and IBM Corporation. These are the top dominating companies in U.S. smart hospitality market and have launched novel products in the market. The data bridge market research new reports highlight the major growth factors and opportunities in the U.S. smart hospitality market.

For more analysis on the U.S. smart hospitality market request for a briefing with our analysts

U.S. Smart Hospitality Market Developments

  • In November 2020, Oracle partnered with Carmel Hotéis, the first hotel in the Brazil to implement Oracle Hospitality OPERA Cloud services. The platform offers an intuitive user interface, streamlining daily operations of hospitality companies of all types and sizes and improving front-line staff reliability. It also helps the hotel teams to provide an exceptional service to guests without excessively focusing on key strokes or staring at complicated screens. With this the company has provided its clients a cloud-based solution, which supports the growth and innovation to meet guests’ changing needs and expectations.
  • In March 2020, Honeywell International Inc. launched e7w Wireless EMS Thermostat equipped with built-in occupancy, temperature and humidity sensors that can help hoteliers save 25-40% on guestroom HVAC energy usage when part of an INNCOM networked Energy Management System (EMS). This helps the company to expand its product portfolio to integrate with the Energy Management System (EMS) and provide better usability.
  • In May 2020, IBM Corporation and Red Hat announced the launch of new edge computing solutions for the 5G era. This new offering enabled the enterprises and telecommunication companies to deploy and manage AI, IoT and analytics workloads at eh edge. This enabled seamless edge deployments in retail, hospitality, healthcare and other verticals. This enabled the company to create more responsive user experience and enhance its product offering in the smart hospitality market.

Based on solution, the market is segmented into hotel operation management system, integrated security system, hotel building automation system, guest service management system, and integrated communication technology solutions. On the basis of service, the market is segmented into professional services and managed services. On the basis of deployment, the market is segmented into cloud and on-premise. On the basis of hotel type, the market is segmented into business hotels, heritage and boutique hotels, resorts and spas and others.

Key Pointers Covered in U.S. Smart Hospitality Market Industry Trends and Forecast to 2028

  • Market Size
  • Top to Bottom Market Analysis
  • Recent Developments for Market Competitors
  • Recent Market Value for Different Countries
  • Market value and over view of Smart hospitality market
  • Company profiling of top eight players of Smart hospitality market

Key Market Competitors Covered in the Report

  • BuildingIQ.
  • Cisco
  • DigiValet
  • dormakaba Group
  • Enseo
  • GuestTouch Inc.
  • Honeywell International Inc.
  • IBM Corporation
  • Infor
  • Johnson Controls
  • Leviton Manufacturing Co.
  • Lutron Electronics Co., Inc
  • Oracle
  • React Mobile, Inc.
  • Schneider Electric
  • Siemens
  • Springer-Miller Systems
  • Telkonet, Inc.
  • Verdant (A Subsidiary of Emerson Electric Co.)
  • Wirepath Home Systems, LLC, dba Control4
  • WiSuite

Above are the key players covered in the report, to know about more and exhaustive list of smart hospitality companies’, contact us https://www.databridgemarketresearch.com/reports/us-smart-hospitality-market

Research Methodology: U.S. Smart Hospitality Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top to bottom analysis and vendor share analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Primary Respondents

  • Demand Side: Manufacturer, Network Engineers, IT Engineers, and Hoteliers among others.
  • Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.

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