New York, NY -- (SBWIRE) -- 02/02/2021 -- The smart hospitality system market is estimated to grow from USD 7.75 Billion in 2019 to USD 20.11 Billion by 2027, at a Compound Annual Growth Rate (CAGR) of 27.9%. The base year considered for the study is 2019 and the market size forecast is from 2019 to 2027.

The latest market research report, titled 'Global Smart Hospitality System Market,' methodically compiles the principal components of the global Smart Hospitality System market research study. The report comprises an in-depth investigation of the Smart Hospitality System market, underlining the latest growth trends and Smart Hospitality System market dynamics.

The global Smart Hospitality System industry is poised to witness substantial growth during the projected timeframe, demonstrating a robust CAGR. As per the latest research report published by Market Expertz, the global Smart Hospitality System market development is majorly supported by a considerable rise in the demand for products and services offered by this industry.

Further, the Smart Hospitality System Market research report hosts comprehensive segmentation studies on product and applications types, followed by a country-level analysis of the regional markets.  A detailed synopsis of the Smart Hospitality System market valuation, revenue estimation, and market statistics is a key component of the report.  Hence, the report aims to help readers gain viable insights into the competitive spectrum of the Smart Hospitality System market. 

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Competitive Landscape

The report presents business mechanism and growth-oriented approaches undertaken by the leading companies operating in this Smart Hospitality System market. The report highlights the numerous strategic initiatives, such as new business deals and collaborations, mergers & acquisitions, joint ventures, product launches, and technological upgradation, implemented by the leading market contenders to set a firm foot in the market. Hence, this section is inclusive of the company profiles of the key players, total revenue accumulation, product sales, profit margins, product pricing, sales & distribution channels, and industry analysis.

Smart Hospitality System Market segmentation by Top Manufacturers:

Schneider Electric (Rueil-Malmaison, France), Siemens AG (Munich, Germany), IBM Corporation (New York, U.S.), BuildingIQ (California, U.S.), Honeywell International (New Jersey, U.S.), Winhotel Solutions (Balearic Islands, Spain), Cisco Systems, Inc. (San Jose, U.S.), Oracle Corporation (California, U.S.) and others.

Scope of the Report:

The report categorizes the smart hospitality market to forecast the revenues and analyze the trends in each of the following subsegments:

By Software
Hotel operation management system:
Staff mobility and workforce management
Inventory and logistics management
Revenue management

Integrated security system:
Video surveillance system
Access control system
Emergency incident management system

Hotel building automation system:
Energy management platforms
Facility management system

Guest service management system:
Centralized reservation system
Room automation and control system
Guest experience management system

Integrated communication technology solutions:
Network management system
Unified communications and collaboration
Mobile device management

By Service
Professional service
Consulting service
System integration and deployment
Support and maintenance
Managed service

By Hotel Type
Business hotel
Heritage and boutique hotel
Resorts and spas
Others

By Deployment Model
On-premises
On-demand

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Smart Hospitality System Market Geographical Analysis:

The latest business intelligence report analyzes the global Smart Hospitality System market in terms of market reach and consumer bases in the market's key geographical regions. The global Smart Hospitality System market can be categorized into North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa based on geography. This section of the report precisely evaluates the presence of the global Smart Hospitality System market in the major regions. It determines the market share, market size, revenue contribution, sales network, and distribution channels of each regional segment.

Key Points of the Geographical Analysis:

Data and information related to the consumption rate in each region
Estimated increase in the consumption rate
Proposed growth of the market share of each region
Geographical contribution to market revenue
Expected growth rate of the regional markets

Key Highlights of the Global Smart Hospitality System Market Report:

Location Quotients Analysis
Raw Material Sourcing Strategy
Product Mix Matrix
Supply chain optimization analysis
Patent Analysis
R&D Analysis
Carbon Footprint Analysis
Pre-commodity pricing volatility
Cost-Benefit Analysis
Regional demand estimation and forecast
Competitive Analysis
Vendor Management
Mergers & Acquisitions
Technological advancements

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TABLE OF CONTENTS: Global Smart Hospitality System Market

Chapter 1. Smart Hospitality System MARKET SYNOPSIS

1.1. Smart Hospitality System Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Smart Hospitality System Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Smart Hospitality System MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Smart Hospitality System Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter's Five Forces Analysis

    4.5.1. Power Of Suppliers

    4.5.2. Power Of Buyers

    4.5.3. Threat Of Substitutes

    4.5.4. Threat Of New Entrants

    4.5.5. Competitive Rivalry

Continued....

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