Smart Hospitality Market - Forecasts from 2019 to 2024

June 2019 | 112 pages | ID: S1BECA472784EN
Knowledge Sourcing Intelligence LLP

Abstracts

The smart hospitality market was valued at US$5.550 billion in 2018. The market for these solutions and services is being shaped by the rapid growth of the hospitality industry in many regions across the globe. Growth of the travel and tourism industry is increasing the number of visitors at hotels, resorts and other such establishments. As competition across hospitality industry is increasing continuously, business owners in this industry are moving towards advanced solutions to efficiently manage their business functions in order to prevent losing customers to their rivals due to improper management while offering the best possible experience to their guests. The rapid growth of the Internet of Things on account of increasing investments by companies into R&D is bringing a wider range of innovative and affordable solutions for the hospitality industry into the market. This is driving the adoption of smart hospitality solutions among them, thus boosting the growth of the market.

DRIVERS

Growing travel and tourism industry

Rapid growth of IoT

RESTRAINTS

Limited budget of end users

INDUSTRY UPDATE

RateGain, a provider in travel and hospitality technology, has recently unveiled a Smart Distribution solution during HEDNA, Madrid.

In August 2018, Amadeus confirmed the acquisition of hotel technology provider TravelClick for $1.52 billion.

The major players profiled in the Smart hospitality market include NEC Corporation, Huawei Technologies Co.Ltd, IBM Corporation, Cisco Systems, Inc., Oracle Corporation, Infor, SmartHOTEL, Intel Corporation, Accenture, Schneider Electric, Siemens AG, Johnson Controls, and Honeywell International, Inc.

Segmentation

The smart hospitality market has been analyzed through the following segments:

By Component

Hardware

Software

Services

By Deployment Model

On-Premise

Cloud

By Geography

North America

USA

Canada

Mexico

South America

Brazil

Argentina

Others

Europe

United Kingdom

Germany

France

Spain

Others

Middle East and Africa

Saudi Arabia

Israel

Others

Asia Pacific

China

Japan

Australia

India

Others

Contents

1. INTRODUCTION

1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY

2.1. Research Design
2.2. Secondary Sources

3. KEY FINDINGS

4. MARKET DYNAMICS

4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter’s Five Forces Analysis
  4.5.1. Bargaining Power of Suppliers
  4.5.2. Bargaining Power of Buyers
  4.5.3. Threat of New Entrants
  4.5.4. Threat of Substitutes
  4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness

5. SMART HOSPITALITY MARKET BY COMPONENT

5.1. Hardware
5.2. Software
5.3. Services

6. SMART HOSPITALITY MARKET BY DEPLOYMENT MODEL

6.1. On-Premise
6.2. Cloud

7. SMART HOSPITALITY MARKET BY GEOGRAPHY

7.1. North America
  7.1.1. USA
  7.1.2. Canada
  7.1.3. Mexico
7.2. South America
  7.2.1. Brazil
  7.2.2. Argentina
  7.2.3. Others
7.3. Europe
  7.3.1. United Kingdom
  7.3.2. Germany
  7.3.3. France
  7.3.4. Spain
  7.3.5. Others
7.4. Middle East and Africa
  7.4.1. Saudi Arabia
  7.4.2. Israel
  7.4.3. Others
7.5. Asia Pacific
  7.5.1. China
  7.5.2. Japan
  7.5.3. Australia
  7.5.4. India
  7.5.5. Others

8. COMPETITIVE INTELLIGENCE

8.1. Competitive Benchmarking and Analysis
8.2. Recent Investmentss and Deals
8.3. Strategies of Key Players

9. COMPANY PROFILES

9.1. NEC Corporation
9.2. Huawei Technologies Co.Ltd
9.3. IBM Corporation
9.4. Cisco Systems, Inc.
9.5. Oracle Corporation
9.6. Infor
9.7. SmartHOTEL
9.8. Intel Corporation
9.9. Accenture
9.10. Schneider Electric
9.11. Siemens AG
9.12. Johnson Controls
9.13. Honeywell International, Inc.
LIST OF FIGURES
LIST OF TABLES