Smart Hospitality Market Competitive Projected To Grow At A CAGR Of 25.9% By 2024 With IBM, Oracle, Cisco, Huawei Technologies, NEC Technologies India Pvt Ltd., Winhotel Solution, Honeywell, Johnson Controls

Global Smart Hospitality market report provides the market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, and market demand and supply scenarios. This report contains explanation to what market definition, classifications, applications, engagements and market trends are, and also points at all the recent developments, product launches, joint ventures, merges and accusations by the several key players and brands that are driving the market whose company profiles are included in the report.

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.

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Major Market Competitors: Global Crane and Hoist Market

Some of the major players operating in global crane and hoist market are Konecranes, Terex, Liebherr, Manitowoc, Cargotec, Zoomlion, Ingersoll Rand, Columbus Mckinnon, Kito, Tadano, Komatsu, XCMG, Mammoet, Palfinger, ZPMC, Voima Cranes and Components Private Limited, EMC among others.

Company Share Analysis:

The report for Smart Hospitality Market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.

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

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Market Segmentation:

The global smart hospitality market is segmented on the basis of software into hotel operation management system, integrated security system, hotel building automation system, guest service management system, integrated communication technology solutions. The hotel operation management system is further sub segmented into staff mobility and workforce management, inventory and logistics management and revenue management. The integrated security system is further sub segmented into video surveillance system, access control system and emergency incident management system. The hotel building automation system is further sub segmented into energy management platforms and facility management system. The guest service management system is further sub segmented into centralized reservation system, room automation and control system and guest experience management system. The integrated communication technology solutions is further sub segmented into network management system, unified communications and collaboration and mobile device management system.

On the basis of service, the global smart hospitality market is segmented into professional services and managed services. The professional services are further sub segmented into consulting services, deployment and integration and support & maintenance.

On the basis of hotel type, the global smart hospitality market is segmented into business hotels, heritage & boutique hotels, resorts & spas and others.

On the basis of deployment model, the global smart hospitality market is segmented into on-premises and on-demand.

On the basis of geography, global smart hospitality market report covers data points for 28 countries across multiple geographies such as North
America, South America, Europe, Asia-Pacific, and Middle East & Africa.

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