Smart hospitality market was worth US$5.550 billion in 2018

Knowledge Sourcing Intelligence announces the publication of a new report on “smart hospitality Market - Forecasts from 2019 to 2024" to their offering.

Smart hospitality refers to the way in which the services and things deliver value through the use of connected devices. This offers increased integration with the personal gadgets of guests and can be helpful in controlling the room activities through mobile phones. This is because of the introduction of IoT technology, the hospitality services are becoming more intelligent providing ease and convenience to the hotel staff and to the guests.

This report provides forecast and analysis of the smart hospitality market which was estimated to hold a market value of USD5.550 billion in 2018. The market for smart hospitality is expected to surge during the forecast period owing to the growing global travel and tourism industry. Also, the rapid growth of the Internet of Things is further fueling the market demand in the forecast period and in the coming years. Geographically, North America followed by Europe is projected to hold a significant market share owing to the early technology adoption, while the Asia Pacific region is expected to be among the fastest-growing. Furthermore, the growing adoption of advanced solutions by many hotel owners worldwide in order to manage their business functions efficiently due to the soaring competition in the hospitality industry is fueling the market growth during the forecast period.

Some of the major players covered as part of the report are Cisco Systems, Inc., Oracle, and IBM among others.

This report segmented the smart hospitality market on the basis following terms:
• By Component
o Hardware
o Software
o Services

• By Deployment Model
o On-Premise
o Cloud

• By Geography
o North America
 United States of America
 Canada
 Mexico

o South America
 Brazil
 Argentina
 Others

o Europe
 United Kingdom
 Germany
 France
 Spain
 Others
o Middle East and Africa

 Saudi Arabia
 Israel
 Others

o Asia Pacific
 China
 Japan
 Australia
 India
 Others

Purchase complete report or request sample: www.knowledge-sourcing.com/report/smart-hospitality-market

Suite 406, H-140,
Sector 63, Noida,
U.P., India - 201301

Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centring on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.

This release was published on openPR.