Smart Hospitality Market to 2026 Report Reviews Size, In-depth Qualitative Insights, Explosive Growt

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.

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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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.

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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.