Press release
Smart Hospitality Market Size – Industry Share Report 2021
Smart Hospitality
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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.
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.
Competitive Landscape :
• Competitive Situations and Trends
• New Product Launches
• New Product Launches, 2015–2016
• Partnerships, Agreements, and Collaborations
• Partnerships, Contracts, Agreements,and Collaborations, 2016
• Mergers and Acquisitions
• Mergers and Acquisitions, 2012–2016
• Expansions
• Expansions, 2014–2015
• Vendor Analysis
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Key Points From Table Of Content :
Company Profiles :
(Introduction, Products & Services, Strategy, & Analyst Insights, Developments, MnM View)*
• NEC Corporation
• Huawei Technologies Co.Ltd
• IBM Corporation
• Cisco Systems, Inc.
• Schneider Electric Se
• Siemens AG
• Johnson Controls
• Honeywell International, Inc.
• Winhotel Solution S.L.
• Oracle Corporation
• Buildingiq Inc.
• Infor, Inc.
Key Innovators
• Control4
• Mitel Networks Corporation
• Smartodom Automation
• Springer-Miller Systems
• Sabre Corporation
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Research Coverage:
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.
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