Smart Hospitality Market Growth Potential is Booming Now: Honeywell, IBM, Qualsoft
A New business Strategy report released by HTF MI with Smart Hospitality Market Study Forecast till 2030.
PUNE, MAHARASHTRA, INDIA, February 25, 2024 /EINPresswire.com/ — HTF Market Intelligence recently released a survey document on Smart Hospitality market and provides information and useful stats on market structure and size.
The report is intended to provide market intelligence and strategic insights to help decision-makers take sound investment decisions and identify potential gaps and growth opportunities. Additionally, the report also identifies and analyses changing dynamics, and emerging trends along with essential drivers, challenges, opportunities, and restraints in the Smart Hospitality market. Some of the companies listed in the study from the complete survey list are IBM (United States), Cisco (United States), Samsung (South Korea), Wisuite (United States), NEC (Japan), Oracle (United States), Qualsoft (India), Honeywell (United States), Siemens (Germany)..
According to HTF Market Intelligence, the Global Smart Hospitality market is expected to see a growth rate of 22.3% and may see market size of USD47.6 Billion by 2030, currently pegged at USD14.2 Billion..
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Definition:
Smart hospitality refers to the integration of advanced technologies and innovative solutions in the hospitality industry to enhance the overall guest experience, streamline operations, and optimize resource management. This concept leverages a variety of technologies such as Internet of Things (IoT), artificial intelligence, data analytics, and automation to create a more efficient and personalized environment for both guests and hotel staff.
Market Trends:
With a heightened focus on health and safety, contactless technology adoption was on the rise. This included contactless check-in/out, keyless entry, and mobile payments to minimize physical contact between guests and staff.
Market Drivers:
Smart hospitality solutions offer opportunities for streamlining operations, reducing costs, and improving overall efficiency. Automation, data analytics, and IoT integration can optimize processes such as check-in/out, housekeeping, and maintenance.
Market Opportunities:
The demand for contactless solutions has grown, driven by health and safety concerns. Smart hospitality provides an opportunity to implement contactless check-in/out, keyless entry, and mobile payments, offering guests a safer and more convenient experience.
Key Benefits of the Report :
This study presents the analytical depiction of the Smart Hospitality market industry along with the current trends and market estimation to determine the imminent investment pockets.
The Smart Hospitality market report represents information related to key drivers, restraints, and opportunities along with a detailed analysis of the market.
The current market is quantitatively analyzed to highlight the market trend and growth scenario.
The report provides a detailed market analysis about how the competition will take shape in the coming years.
This report helps users in comprehending the key product segments of Smart Hospitality Industry and its future.
Key Players in This Report Include: IBM (United States), Cisco (United States), Samsung (South Korea), Wisuite (United States), NEC (Japan), Oracle (United States), Qualsoft (India), Honeywell (United States), Siemens (Germany).
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The Global Smart Hospitality Market segments and Market Data Break Down are illuminated below:
Smart Hospitality Market is Segmented by Global Smart Hospitality Market Breakdown by Application (Hotels, Resorts, Luxury Yachts, Others) by Type (Connected Guest Experience Management, Hotel Operation Management, Automation Management, Real-time Monitoring Management, Security Management System) by Deployment Mode (On-Cloud, On- Demand) and by Geography (North America, South America, Europe, Asia Pacific, MEA)
Global Smart Hospitality market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report
• -To carefully analyze and forecast the size of the Smart Hospitality market by value and volume.
• -To estimate the market shares of major segments of the Smart Hospitality
• -To showcase the development of the Smart Hospitality market in different parts of the world.
• -To analyze and study micro-markets in terms of their contributions to the Smart Hospitality market, their prospects, and individual growth trends.
• -To offer precise and useful details about factors affecting the growth of the Smart Hospitality
• -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Smart Hospitality market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
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Major highlights from Table of Contents:
Smart Hospitality Market Study Coverage:
• It includes major manufacturers, emerging player’s growth story, and major business segments of Smart Hospitality market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
• Smart Hospitality Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
• Smart Hospitality Market Production by Region Smart Hospitality Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
Key Points Covered in Smart Hospitality Market Report:
• Smart Hospitality Overview, Definition and Classification Market drivers and barriers
• Smart Hospitality Market Competition by Manufacturers
• Impact Analysis of COVID-19 on Smart Hospitality Market
• Smart Hospitality Capacity, Production, Revenue (Value) by Region (2023-2030)
• Smart Hospitality Supply (Production), Consumption, Export, Import by Region (2023-2030)
• Smart Hospitality Production, Revenue (Value), Price Trend by Type {Connected Guest Experience Management, Hotel Operation Management, Automation Management, Real-time Monitoring Management, Security Management System}
• Smart Hospitality Manufacturers Profiles/Analysis Smart Hospitality Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
• Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
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Key questions answered
• How feasible is Smart Hospitality market for long-term investment?
• What are influencing factors driving the demand for Smart Hospitality near future?
• What is the impact analysis of various factors in the Global Smart Hospitality market growth?
• What are the recent trends in the regional market and how successful they are?
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.
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