The global Smart Hospitality market is one of the fastest-growing markets in the world. The following report contains all the statistics and facts & figures related to the global Smart Hospitality market. Their business strategies, sales data, projections, and a host of other important data have been covered for an in-depth outlook. The report also has PEST analysis, SWOT analysis, risk analysis, and regional analysis. Schneider Electric SE (Rueil-Malmaison, France), Siemens AG (Munich, Germany) and more - all the leading companies operating in the global Smart Hospitality market and their business strategies have been profiled in this research report.
Global Smart Hospitality Market is valued approximately USD 11.43 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 21.21 % over the forecast period 2019-2026. Smart hospitality involves the use of advanced technologies to aid the hospitality industry. These he automated software and smart solutions can help customers to plan trips, book hotels rooms according to their choice. This has brought a revolution in the hospitality sector. As with the growing penetration of connected devices and rising use of smart phones access to these smart solutions becomes easy driving the market towards growth. Furthermore, customers prefer to pre-plan, pre-book their travel and hotels which is done easily through these solutions. Hence growing adoption of smart phones have propelled market players to adopt Smart Hospitalitysolutions. Moreover, surging demand for real time optimized guest experience management further fuels the market growth. As with the shift of the market towards customer satisfaction, the need to cater to customer needs on time is increasing which can be done through the use of these smart and real time solutions. However, high initial cost of deployment and limited availability impedes the growth of the market over the forecast period of 2020-2026. Further, the spread of the COVID-19 has brought a large scale disruption in the tourism market. As with the surging pandemic travel restrictions have been imposed by governments since January 2020 across the globe to stop the spread of the disease. This has closed majority of the tourist places across the globe. As per the report by the World Tourism Organization, 96% of all worldwide destinations have introduced travel restrictions in response to the pandemic as of as of 6 April, 2020.Of these around 90 destinations are completely or partially closed for tourists. This restriction on travel and tourist places have brought a steep decline in the bookings and check in in hotels.
The regional analysis of global Smart Hospitality market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rapid adoption of technology and presence of major market player in the region. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as rising disposable income and growing living standards coupled with high demand for smart phones would create lucrative growth prospects for the Smart Hospitality market across Asia-Pacific region.
Major market player included in this report are:
Schneider Electric SE (Rueil-Malmaison, France)
Siemens AG (Munich, Germany)
IBM Corporation (New York, U.S.)
BuildingIQ (California, U.S.)
Honeywell International Inc. (New Jersey, U.S.)
Winhotel Solutions (Balearic Islands, Spain)
Cisco Systems, Inc. (San Jose, U.S.)
Oracle Corporation (California, U.S.)
Huawei Technologies Co. Ltd (Shenzhen, China)
Johnson Controls International plc (Wisconsin, U.S.)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Software:
Hotel Operation Management System
Hotel Building Automation System
Integrated Communication Technology Solutions
Guest Service Management System
By Service:
Professional
Managed
By Hotel Type:
Business
Heritage & Boutique
Resorts & Spas
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 20198
Forecast period – 2020 to 2026
Target Audience of the Global Smart Hospitality Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
The market research report paints a clear picture of the global Smart Hospitality market by providing you with qualitative research and quantitative research based on which you can assess the market to make entry into the market, make investments, or make reports & presentations. Get in touch with Market Research Port for the most competitively priced report on the global Smart Hospitality market.
Table of Contents
Chapter 1.Executive Summary
1.1.Market Snapshot
1.2.Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)
1.2.1.Smart Hospitality Market, by Region, 2018-2026 (USD Billion)
1.2.2.Smart Hospitality Market, by Software, 2018-2026 (USD Billion)
1.2.3.Smart Hospitality Market, by Service, 2018-2026 (USD Billion)
1.2.4. Smart Hospitality Market, by Hotel Type, 2018-2026 (USD Billion)
1.3.Key Trends
1.4.Estimation Methodology
1.5.Research Assumption
Chapter 2.Global Smart Hospitality Market Definition and Scope
2.1.Objective of the Study
2.2.Market Definition & Scope
2.2.1.Scope of the Study
2.2.2.Industry Evolution
2.3.Years Considered for the Study
2.4.Currency Conversion Rates
Chapter 3.Global Smart Hospitality Market Dynamics
3.1.Smart Hospitality Market Impact Analysis (2018-2026)
3.1.1.Market Drivers
3.1.2.Market Challenges
3.1.3.Market Opportunities
Chapter 4.Global Smart Hospitality Market Industry Analysis
4.1.Porter’s 5 Force Model
4.1.1.Bargaining Power of Suppliers
4.1.2.Bargaining Power of Buyers
4.1.3.Threat of New Entrants
4.1.4.Threat of Substitutes
4.1.5.Competitive Rivalry
4.1.6.Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2.PEST Analysis
4.2.1.Political
4.2.2.Economical
4.2.3.Social
4.2.4.Technological
4.3.Investment Adoption Model
4.4.Analyst Recommendation & Conclusion
Chapter 5.Global Smart Hospitality Market, by Software
5.1.Market Snapshot
5.2.Global Smart Hospitality Market by Software, Performance - Potential Analysis
5.3.Global Smart Hospitality Market Estimates & Forecasts by Software 2016-2026 (USD Billion)
5.4.Smart Hospitality Market, Sub Segment Analysis
5.4.1. Hotel Operation Management System
5.4.2.Hotel Building Automation System
5.4.3.Integrated Communication Technology Solutions
5.4.4.Guest Service Management System
Chapter 6.Global Smart Hospitality Market, by Service
6.1.Market Snapshot
6.2.Global Smart Hospitality Market by Service, Performance - Potential Analysis
6.3.Global Smart Hospitality Market Estimates & Forecasts by Service 2016-2026 (USD Billion)
6.4.Smart Hospitality Market, Sub Segment Analysis
6.4.1. Professional
6.4.2.Managed
Chapter 7.Global Smart Hospitality Market, by Hotel Type
7.1.Market Snapshot
7.2.Global Smart Hospitality Market by Hotel Type, Performance - Potential Analysis
7.3.Global Smart Hospitality Market Estimates & Forecasts by Hotel Type 2016-2026 (USD Billion)
7.4.Smart Hospitality Market, Sub Segment Analysis
7.4.1. Business
7.4.2.Heritage & Boutique
7.4.3.Resorts & Spas
Chapter 8.Global Smart Hospitality Market, Regional Analysis
8.1.Smart Hospitality Market, Regional Market Snapshot
8.2.North America Smart Hospitality Market
8.2.1.U.S. Smart Hospitality Market
8.2.1.1. Software breakdown estimates & forecasts, 2016-2026
8.2.1.2. Service breakdown estimates & forecasts, 2016-2026
8.2.1.3. Hotel Type breakdown estimates & forecasts, 2016-2026
8.2.2.Canada Smart Hospitality Market
8.3.Europe Smart Hospitality Market Snapshot
8.3.1.U.K. Smart Hospitality Market
8.3.2.Germany Smart Hospitality Market
8.3.3.Rest of Europe Smart Hospitality Market
8.4.Asia-Pacific Smart Hospitality Market Snapshot
8.4.1.China Smart Hospitality Market
8.4.2.India Smart Hospitality Market
8.4.3.Japan Smart Hospitality Market
8.4.4.Rest of Asia Pacific Smart Hospitality Market
8.5.Latin America Smart Hospitality Market Snapshot
8.5.1.Brazil Smart Hospitality Market
8.5.2.Mexico Smart Hospitality Market
8.6.Rest of The World Smart Hospitality Market
Chapter 9.Competitive Intelligence
9.1.Top Market Strategies
9.2.Company Profiles
9.2.1. Schneider Electric SE (Rueil-Malmaison, France)
9.2.1.1.Key Information
9.2.1.2.Overview
9.2.1.3.Financial (Subject to Data Availability)
9.2.1.4.Product Summary
9.2.1.5.Recent Developments
9.2.2. Siemens AG (Munich, Germany)
9.2.3.IBM Corporation (New York, U.S.)
9.2.4.BuildingIQ (California, U.S.)
9.2.5.Honeywell International Inc. (New Jersey, U.S.)
9.2.6.Winhotel Solutions (Balearic Islands, Spain)
9.2.7.Cisco Systems, Inc. (San Jose, U.S.)
9.2.8.Oracle Corporation (California, U.S.)
9.2.9.Huawei Technologies Co., Ltd (Shenzhen, China)
9.2.10.Johnson Controls International plc (Wisconsin, U.S.)
Chapter 10.Research Process
10.1.Research Process
10.1.1.Data Mining
10.1.2.Analysis
10.1.3.Market Estimation
10.1.4.Validation
10.1.5.Publishing
10.2.Research Attributes
10.3.Research Assumption
