Sep 28, 2020 6:23 AM ET
iCrowd Newswire – Sep 28, 2020
Global Smart Hospitality Market Size study, by Type (By Software, By Service), by Hotel Type (Business Hotels, Heritage and Boutique Hotels, Resorts and Spas, Others), By Deployment Model (On-Premises, On-Demand) and Regional Forecasts 2026, COVID 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Smart Hospitality market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Smart Hospitality market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, List of Tables & Figures, Chart). – In-depth Analysis Pre & Post COVID-19 Market Estimates
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Global Smart Hospitality Market is valued approximately at USD 9.13 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 25.65% over the forecast period 2019-2026.
Energy management systems, adoption of IoT, demand for guest experience management in real-time are the key factors for the growth of the market. Further, the low cost of operation and attractive revenue growth are the factors inviting the industry players to adopt smart hospitality. Additionally, growing cloud-based IoT platforms and the unexplored concept of BYOD (bring your own device) applications are expected to drive the market. However, the complexities involved with the integration of present networks and legacy systems will limit the market growth. The high initial cost of deployment and limited availability of technically skilled personnel will inhibit the hospitality in the active adoption of smart hospitality.
The regional analysis of the global Smart Hospitality Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to the widespread internet infrastructure, technological advancements, and active adoption of new technologies. However, Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2019-2026. Factors such as the rising number of initiatives by the private companies to promote automated processes in the hospitality industry in emerging countries such as India and China that would create lucrative growth opportunities for the Smart Hospitality market across the region.
Major market player included in this report are:
Huawei Technologies Co. Ltd
Cisco Systems, Inc.
Schneider Electric Se
Honeywell International, Inc.
Winhotel Solution S.L.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Hotel Type:
Heritage and Boutique Hotels
Resorts and Spas
By Deployment Model:
A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020/ 2021
|COVID-19 scenario||Market Behavior/ Level of Risk and Opportunity||End Industry Behavior/ Opportunity Assessment||Expected Industry Recovery Timeline||Business Impact Horizon|
|Opening of Economy by Q3 2020||xx||xx||xx||xx|
|Recovery – Opening of Economy extended till Q4 2020 / Q1 2021||xx||xx||xx||xx|
Geographical Breakdown: Regional level analysis of the market, currently covering North America, Europe, China & Japan
Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam
In-Depth Qualitative COVID 19 Outbreak Impact Analysis Include Identification And Investigation Of The Following Aspects: Market Structure, Growth Drivers, Restraints and Challenges, Emerging Product Trends & Market Opportunities, Porter’s Fiver Forces. The report also inspects the financial standing of the leading companies, which includes gross profit, revenue generation, sales volume, sales revenue, manufacturing cost, individual growth rate, and other financial ratios. The report basically gives information about the market trends, growth factors, limitations, opportunities, challenges, future forecasts, and details about all the key market players.
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Changing Forecasts in a Time of Crisis: explores key issues, including:
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size covering both the historic growth of the market, the impact of the COVID 19 virus, and forecasting its recovery.
- Market segmentations break down the market into submarkets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery path of COVID 19 for all regions, key developed countries, and major emerging markets.
- Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals that have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Key questions answered: The Study Explore COVID 19 Outbreak Impact Analysis
- What should be entry strategies, countermeasures to economic impact, and marketing channels?
- What are market dynamics?
- What are the challenges and opportunities?
- What is the economic impact on the market?
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Key Points Covered in Smart Hospitality Market Report:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2017-2026 (USD Billion)
1.2.1. Smart Hospitality Market, by Type, 2017-2026 (USD Billion)
1.2.2. Smart Hospitality Market, by Hotel Type, 2017-2026 (USD Billion)
1.2.3. Smart Hospitality Market, by Deployment Model, 2017-2026 (USD Billion)
1.2.4. Smart Hospitality Market, by Region, 2017-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Smart Hospitality Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Sensor Type Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Smart Hospitality Market Dynamics
3.1. Smart Hospitality Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Smart Hospitality Market Sensor Type Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2016-2026)
4.2. PEST Analysis
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Smart Hospitality Market, by Type
5.1. Market Snapshot
5.2. Global Smart Hospitality Market by Type, Performance – Potential Analysis
5.3. Global Smart Hospitality Market Estimates & Forecasts by Type 2016-2026 (USD Billion)
5.4. Smart Hospitality Market, Sub Segment Analysis
5.4.1. By Software
5.4.2. By Service
Chapter 6. Global Smart Hospitality Market, by Hotel Type
6.1. Market Snapshot
6.2. Global Smart Hospitality Market by Hotel Type, Performance – Potential Analysis
6.3. Global Smart Hospitality Market Estimates & Forecasts by Hotel Type, 2016-2026 (USD Billion)
6.4. Smart Hospitality Market, Sub Segment Analysis
6.4.1. Business Hotels
6.4.2. Heritage and Boutique Hotels
6.4.3. Resorts and Spas
Chapter 7. Global Smart Hospitality Market, by Deployment Model
7.1. Market Snapshot
7.2. Global Smart Hospitality Market by Deployment Model, Performance – Potential Analysis
7.3. Global Smart Hospitality Market Estimates & Forecasts by Deployment Model, 2016-2026 (USD Billion)
7.4. Smart Hospitality Market, Sub Segment Analysis
Chapter 8. Global Smart Hospitality Market, Regional Analysis
8.1. Smart Hospitality Market, Regional Market Snapshot
8.2. North America Smart Hospitality Market
8.2.1. U.S. Smart Hospitality Market
188.8.131.52. Type breakdown estimates & forecasts, 2016-2026
184.108.40.206. Hotel Type breakdown estimates & forecasts, 2016-2026
220.127.116.11. Deployment Model breakdown estimates & forecasts, 2016-2026
8.2.2. Canada Smart Hospitality Market
8.3. Europe Smart Hospitality Market Snapshot
8.3.1. U.K. Smart Hospitality Market
8.3.2. Rest of Europe Smart Hospitality Market
8.4. Asia-Pacific Smart Hospitality Market Snapshot
8.4.1. China Smart Hospitality Market
8.4.2. India Smart Hospitality Market
8.4.3. Japan Smart Hospitality Market
8.4.4. Rest of Asia Pacific Smart Hospitality Market
8.5. Latin America Smart Hospitality Market Snapshot
8.5.1. Brazil Smart Hospitality Market
8.5.2. Mexico Smart Hospitality Market
8.6. Rest of The World Smart Hospitality Market
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. NEC Corporation
18.104.22.168. Key Information
22.214.171.124. Financial (Subject To Data Availability)
126.96.36.199. Sensor Type Summary
188.8.131.52. Recent Developments
9.2.2. Huawei Technologies Co.Ltd
9.2.3. IBM Corporation
9.2.4. Cisco Systems, Inc.
9.2.5. Schneider Electric Se
9.2.6. Siemens AG
9.2.7. Johnson Controls
9.2.8. Honeywell International, Inc.
9.2.9. Winhotel Solution S.L.
9.2.10. Oracle Corporation
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.3. Market Estimation
10.2. Research Attributes
10.3. Research Assumption
……..and view more in complete table of Contents
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