Smart Hospitality Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Smart Hospitality refers to the usage of advanced software which smartly handles all the operational and management need of a hotel - from reservation to departure, billing to sales report and all other services as well informed in real time. This software is customizable which is beneficial for a big, medium and small chain of hotel. The hotel industry is adapting and innovating to overcome challenges such as increased competition, shortage of workforce and changing guest expectations. It is essential to leverage and be conscious of how emerging technologies could augment existing solutions and processes to help optimize productivity and enhance service delivery due to this it is expected that in coming period Smart Hospitality Market will grow in a rapid rate.

MARKET DYNAMICS

The growing demand for real-time optimized guest experience management is expected to remain the dominant force driving the need for Smart Hospitality Software. Moreover, hotel operation technology has changed over time, and Smart Hospitality helps to generate attractive revenue growth with low operational costs. Along with that emergence in IoT due to advancement in technology enabled the exchange of information among electronic devices without human help which makes the hospitality smarter. Untapped Concept of BYOD Applications within the Hospitality Industry now being widely adopted in the hospitality sector.

MARKET SCOPE

The "Global Smart Hospitality Market Analysis to 2031" is a specialized and in-depth study of the Smart Hospitality industry with a special focus on the global market trend analysis. The report aims to provide an overview of Smart Hospitality market with detailed market segmentation by technology, type and geography. The global Smart Hospitality market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Smart Hospitality market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global Smart Hospitality market is segmented on the basis of Type, Hotel Type and Deployment Model Based on Type, the market is segmented into Software and Service. On the basis of the Hotel Type the market is segmented into Business Hotels, Heritage and Boutique Hotels, Resorts and Spas and Others. On the basis of the Deployment Model the market is segmented into On-Premises and On-Demand.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Smart Hospitality market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Smart Hospitality market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting Smart Hospitality market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Smart Hospitality market in these regions.

MARKET PLAYERS

The reports cover key developments in the Smart Hospitality market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Smart Hospitality market are anticipated to lucrative growth opportunities in the future with the rising demand for Smart Hospitality in the global market. Below mentioned is the list of few companies engaged in the Smart Hospitality market.

The report also includes the profiles of key Smart Hospitality companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

• NEC Corporation
• Huawei Technologies Co.Ltd
• IBM
• Cisco
• Schneider Electric
• Siemens
• Johnson Controls
• Honeywell International Inc.
• Oracle
• Infor

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Smart Hospitality Report Scope