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), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
The smart hospitality market is expected to witness market growth at a rate of 19.47% in the forecast period of 2021 to 2028. Data Bridge Market Research report on smart hospitality market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the need for the real time optimized guest experience management is escalating the growth of smart hospitality market.
Smart hospitality allows the hotels to improve their guest experience and upsurge the revenue with digital In-room entertainment systems. Several hospitality brands are able to modify and customise both their back-end solutions and those that allows a more distinguished experience for the traveller.
Major factors that are expected to boost the growth of the smart hospitality market in the forecast period are the rise in the need for real-time optimized guest experience management. Furthermore, the attractive revenue growth and low operational expenses is further anticipated to propel the growth of the smart hospitality market. Moreover, the rise in the acceptance of IoT and energy management systems is further estimated to cushion the market growth. On the other hand, the rise in the expense of deployment and the incorporation complications over the legacy systems and networks is further projected to impede the growth of the smart hospitality market in the timeline period.
In addition, the developing of cloud-based IoT platforms and the unmet concept of BYOD applications within the hospitality industry will further provide potential opportunities for the growth of the smart hospitality market in the coming years. However, the incorporation of real-time streaming analytics skills into smart solutions might further challenge the growth of the smart hospitality market in the near future.
This smart hospitality market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on smart hospitality market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Smart Hospitality Market Scope and Market Size
The smart hospitality market is segmented on the basis of type, hotel type, deployment mode and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the smart hospitality market is segmented into software, and services. Software is further sub segmented into hotel operation management system, integrated security system, hotel building automation system, guest service management system, and integrated communication technology solutions. Hotel operation management system is further sub segmented into staff mobility and workforce management, inventory and logistics management, and revenue management. Integrated security system is further sub segmented into video surveillance system, access control system, and emergency incident management system. Hotel building automation system is further sub segmented into energy management platform and facility management system. Guest service management system is further sub segmented into centralized reservations systems, room automation and control system, and guest experience management system. Integrated communication technology solutions are further sub segmented into network management system, unified communications and collaboration, and mobile device management system. Services is further sub segmented into professional services and managed services.
- On the basis of hotel type, the smart hospitality market is segmented into business hotels, heritage and boutique hotels, resorts and spas, and others.
- On the basis of deployment mode, the smart hospitality market is segmented into on-premises, and on-demand.
- On the basis of application, the smart hospitality market is segmented into hotels, cruise, luxury yachts, and others.
Smart Hospitality Market Country Level Analysis
The smart hospitality market is analysed and market size, volume information is provided by country, type, hotel type, deployment mode and application as referenced above.
The countries covered in the smart hospitality market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe dominates the smart hospitality market due to the technological advancements. Furthermore, the strong internet infrastructure and the preference towards IoT will further boost the growth of the smart hospitality market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the smart hospitality market due to the capability of handling outsourcing solutions.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Smart Hospitality Market Share Analysis
The smart hospitality market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to smart hospitality market.
The major players covered in the smart hospitality market report are NEC Corporation, Huawei Technologies Co., Ltd., IBM, Cisco Systems, Inc., 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, and Frontdesk Anywhere, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Smart Hospitality Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.