Global Smart Hospitality Market Size, By Solution/Software, By Services, By Deployment Mode, By End User, and By Region, Market Share & Forecast, Global Forecast to 2022 – 2027.
Global Smart Hospitality Market
The Global Smart Hospitality Market size is estimated to be USD 13.6 billion in 2022 and is projected to reach USD 49.9 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 29.8% during the forecast period, 2022 – 2027.
The Global Smart Hospitality market delivers a comprehensive evaluation of the market. It does give a comprehensive analysis via research study which observes historical data & emerging technology to determine the industry’s growth drivers.
The increase in growth in tourism and rising investments in hotel projects to boost the demand of Global Smart Hospitality Market. Further, the growing demand for guest-oriented, real-time optimized experience and hyperconnected personalization will drive the Smart Hospitality Market in future. On contrary, high implementation, maintenance, and training cost acts as a restraining factor for the market.
In this report study, the key trend prospects & important drivers for the Smart Hospitality market’s growth are explored and analysed in depth. The market dynamics included in the report includes drivers, restraints, opportunities, and challenges, which may have a positive or negative impact on market overall growth.
Global Smart Hospitality Market Report Objective
This report helps the user understand the market in terms of definition, segmentation, market potential, key trends, and industry challenges. Industry analysis were undertaken across the report’s framework, which will help readers obtain a comprehensive scenario of the market. The market statistics & data were acquired from reliable sources such as websites, annual reports of companies, journals, and other publications, then double-checked and validated by industry experts.
This report also covers PORTER’S five forces to help determine several factors like the threat of substitutes, competitive analysis, power of buyer, supplier as well as the threat of new entry. The report has classified the Global Smart Hospitality Market based on Solution/Software, Services, Deployment Mode, End User and Region.
Key Players:
The major vendors in the Smart Hospitality Market include NEC Corporation, Huawei, Schneider Electric, Cisco Systems, Inc., IBM, Honeywell, Oracle, Johnson Controls, Siemens AG, Winhotel Solution S.L., Inc., Huawei Technologies, Buildingiq, Chris Lewis Group, Stayntouch, Legrand, Leviton, Koninklijke Philips N.V.
Market Taxonomy
By Solution/ Software
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