marketreportsupdates (32)

1
Smart Hospitality Market To Reach USD 44.38
Billion By 2026
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2
Market Size USD 7.76 Billion in 2018, Market
Growth - CAGR of 24.3, Market Trends The
rising demand for Real-Time Optimized Guest
Experience Management.
Market Summary
The global smart hospitality market is forecast
to reach USD 44.38 Billion by 2026, according to
a new report by Reports and Data. Automation has
been a topic of much interest in the hospitality
industry over the past few years. Automation
solutions can enhance the in-room experience of
hotel guests and improve the energy and
operational efficiency of the hotel, which will,
in turn, be beneficial for the brand loyalty. The
automation system in these hotels not only
provides luxurious guest experience, but it is
also helpful for operational activities like
energy savings, centralized management, and asset
maintenance, among others.

• Further key findings from the report suggest
• The smart hospitality market held a market share
  of USD 7.76 Billion in the year 2018 and is
  forecasted to witness a CAGR of 24.3 during the
  forecast period.
• In regards to Service, the Professional Services
  segment generated a higher revenue of USD 5.05
  Billion in 2018, with a CAGR of 23.8 during the
  forecast period. Smart hospitality being a
  comparatively new market in some regions,
  particularly in different Asia Pacific nations,
  resulted in increased demand for system
  deployment integration services, consulting
  services, support maintenance services in these
  regions, and contributes to the revenue generated
  by the Professional Services segment.

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Market Summary
Key Players
Key participants Huawei Technologies Co.Ltd, NEC
Corporation, IBM Corporation, Siemens AG,
Schneider Electric Se, Honeywell International,
Inc., Johnson Controls, Oracle Corporation,
Winhotel Solution S.L., and Infor, Inc.
Segmentation
Service Type Outlook (Revenue, USD Billion
2020-2026) Managed Services Professional
Services Software Type Outlook (Revenue, USD
Billion 2020-2026) Integrated Security
System Hotel Operation Management System Hotel
Building Automation System Integrated
Communication Technology Solutions Guest Service
Management System
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Market Summary

• Regional Outlook for Assessment Services Market
  analyses the following geographies
• North America (United States, Canada, and Mexico)
• Europe (Germany, France, UK, Russia, and Italy)
• Asia-Pacific (China, Japan, Korea, India, and
  Southeast Asia)
• South America (Brazil, Argentina, Colombia, etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt,
  Nigeria, and South Africa)

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The report emphasizes the following key
questions
Q.1.What are the most lucrative and promising
growth prospects for the market? Q.2.Which
sectors are expected to deliver a high growth
rate and which industry aspects come into play in
this advancement? Q.3.Which geographies are
estimated to exhibit the highest growth and the
underlying causes? Q.4.Which factors are
impacting the future of the market and what are
the driving factors? Q.5.What are the hurdles
and challenges curtailing the industrys growth
in the forecast period?
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About Us
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focus on your purpose to locate, target and
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aware about the latest trends existent in the
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experienced analysts from varied areas of
expertise.
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