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Detailed examination of the smart hospitality market projected to reach USD 18.11 billion by 2021

Consumer Market Research

The various key smart hospitality vendors profiled in the report are as follows BuildingIQ (California, U.S.), Cisco Systems, Inc. (San Jose, U.S.), Honeywell International (New Jersey, U.S.), Huawei Technologies (Shenzhen, China), IBM Corporation (New York, U.S.), Infor, Inc. (New York, U.S.), Johnson Controls (Wisconsin, U.S.), NEC Corporation (Tokyo, Japan), Oracle Corporation (California, U.S.), Schneider Electric (Rueil-Malmaison, France), Siemens AG (Munich, Germany) Win hotel Solutions (Balearic Islands, Spain)

The smart hospitality market is expected to grow from USD 5.74 billion in 2016 to USD 18.11 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 25.8%

Download Sample Copy of Smart Hospitality Market; spread across 172 pages, profiling 12 companies and supported with 102 tables and 52 figures is now available at Report at www.rnrmarketresearch.com/contacts…mple?rname=813839

The key players in the Smart Hospitality Market include – BuildingIQ (California, U.S.), Cisco Systems, Inc. (San Jose, U.S.), Honeywell International (New Jersey, U.S.), Huawei Technologies (Shenzhen, China), IBM Corporation (New York, U.S.), Infor, Inc.

(New York, U.S.), Johnson Controls (Wisconsin, U.S.), NEC Corporation (Tokyo, Japan), Oracle Corporation (California, U.S.), Schneider Electric (Rueil-Malmaison, France), Siemens AG (Munich, Germany) Win hotel Solutions (Balearic Islands, Spain)

The global smart hospitality market has been segmented by software, service, hotel type, deployment model, and region. A detailed analysis of the regions has been done to provide insights into the potential future business opportunities in different regions.

In addition, product portfolio analysis, value chain analysis, and strategic benchmarking are some of the other MarketsandMarkets analyses included in the report.

Get More Details on Smart Hospitality Market by Industry @ www.rnrmarketresearch.com/contacts…ying?rname=813839

The smart hospitality market is expected to grow from USD 5.74 billion in 2016 to USD 18.11 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 25.8%, due to the need of Internet of Things (IoT) technology for better hotel operation management, security, energy management in hotel, and hospitality services. The restraints of the smart hospitality market include high initial cost of deployment& capacity, integration complexities over legacy systems & network, and limited availability of technically skilled personnel.

Get Smart Hospitality Market by Software (Hotel Operation Management System, Hotel Building Automation System), Service (Professional, Managed), Hotel Type (Business, Heritage & Boutique, Resorts & Spas), Deployment Model, and Region - Global Forecast to 2021 @ www.rnrmarketresearch.com/contacts…hase?rname=813839

The guest service management system is expected to grow at the highest CAGR during the forecast period. The growing demand for automated real-time optimized guest services and rise of demographic growth & hyper-urbanization are estimated to drive the adoption of smart hospitality solutions across various hotel types.

In addition, room automation and control systems provide guests the convenience of controlling multiple functions in their room, such as temperature, drapes, lightning, and audio/video systems using automated interfaces. The solution helps hoteliers track all the data and interaction with a customer during their visit.

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