Global Smart Hospitality Market By Geography, Software (Hotel Operation Management System, Integrated Security System, Hotel Building Automation System, Guest Service Management System, Integrated Communication Technology Solutions), Service (Professional Services, Managed Services), Hotel Type, Deployment Model – Industry Trends and Forecast to 2024
The Global Smart Hospitality Market accounted for USD 5.6 billion in 2016 growing at a CAGR of 25.9% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
New research report of Global Smart Hospitality Market Analysis with Top Comapnies as recent as 2017 and forecasts up to 2024 that helps you track the unprecedented growth seen in the Information and communication Industry giving you an edge to not just compete but to outmatch the competition.
TOP Competitors of Market:
- IBM Corporation,
- Cisco Systems, Inc.,
- Huawei Technologies Co., Ltd.,
- NEC India Pvt. Ltd.,
- Winhotel Solution,
- Honeywell International Inc.,
- Johnson Controls.,
- Siemens AG,
- Schneider Electric
- among others.
Major Market Drivers & Restraints:
- Increasing Demand for Real-Time Optimized Guest Experience Management
- Attractive Revenue Growth and Low Operational Costs
- Increasing Adoption of Iot and Energy Management Systems
- High Initial Cost of Deployment
- Limited Availability of Technically-Skilled Personnel
Global Smart Hospitality Market is segmented on the basis of software:- Hotel operation management system, integrated security system, hotel building automation system, guest service management system, integrated communication technology solutions.
On the basis of service:- Professional services and managed services.
On the basis of hotel type:- Business hotels, heritage & boutique hotels, resorts & spas and others.
On the basis of deployment model: On-premises and on-demand.
On the basis of geography:- North America, South America, Europe, Asia-Pacific, and Middle East & Africa. U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
In 2017, North America is expected to dominate the market.
Read more about This Report at databridgemarketresearch.com/repor…spitality-market/
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