Intelligent Hospitality Market Size, Revenue Share, Major Players, Growth Analysis, and Forecast, 2020–2027

The Global Smart Hospitality market is forecasted to grow at a rate of 21.63% CAGR from 2020 to 2027, rising from value of USD 11.21 Billion in 2019 to USD 52.88 Billion in 2027.

The ‘Global Intelligent Hospitality Market’ published by Reports and Data is an all-encompassing study of the global Intelligent Hospitality industry, with a 360-degree view the industry and accurate information on the industry annual sales and revenues. The latest industry analysis report provides the reader with vital data & information pertaining to the Intelligent Hospitality market and precisely calculates the market size and revenue growth rate over the forecast years. One of the specialties of the report is an in-depth analysis of the important market dynamics including drivers, opportunities, restraints, latest and upcoming market trends, potential challenges & risks, supply & demand ratios, production & consumption patterns, technological innovations, gross profits, sales statistics, manufacturing & distribution costs, and micro-economic and macro-economic growth indicators. The key market projections provided in the report are entirely based on historical and current market data. The Intelligent Hospitality market report is inclusive of quantitative and qualitative market analyses, in-depth research studies, critical market surveys, and expert interviews.

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Detailed Overview of the Intelligent Hospitality Market:

According to the latest report published by Reports and Data, the global ICT (information & communications technology) market is estimated to register an impressive XX% CAGR during the forecast period and reach a market value of USD XX billion in 2027 from USD XX billion in 2020. Information and communications technology refers to telecommunication technologies, computer networks, and signal distribution management. The technologies enable storage, transmission, access, or reception of information by electronic means in a digital format. Major factors driving the global ICT industry revenue growth are fast-paced digitalization, increased penetration of mobile devices including smartphones and tablets, and rapid integration of emerging technologies such as artificial intelligence, machine learning, Big Data, and Internet of Things (IoT) in various industries including the BFSI, healthcare, automotive, education, construction, and agriculture industries. 

Segments covered in the report:

Component Outlook (Revenue, USD Million; 2017-2027)

  • Solution
    • Hotel operation management system
    • Hotel building automation systems
    • guest service management system
    • others
  • Hardware
    • Lighting Control
    • Security & Access Control
      • Video Surveillance
      • Access Control Systems
    • HVAC Control
    • Entertainment Controls
    • Others
  • Services
    • Professional Service
      • Consulting
      • Deployment & Integration
      • Support & Maintenance
    • Managed Service

Deployment mode Outlook (Revenue, USD Million; 2017-2027)

  • Cloud
  • On Premise

Hotel type Outlook (Revenue, USD Million; 2017-2027)

  • Business Hotels
  • Heritage & Boutique hotels
  • Resorts & Spas
  • Others

Key Regions of the Global Intelligent Hospitality Market:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Top Companies Profiled in the Report:

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. have been profiled in the report. They are the major solution providers in the market.

Key Takeaways of the Intelligent Hospitality Market Report:

  • The report offers a detailed analysis of the global Intelligent Hospitality market and its major and niche segments
  • The report helps the reader identify the key growth trends and opportunities for the leading market players, as well as new entrants
  • Regional outlook of the market is one of the key highlights of the report, and it directs readers’ attention towards the leading regional markets and their respective contributions to market revenue growth
  • The study elaborates on the competitive landscape of the Intelligent Hospitality market, as well as the product portfolios of each of the market players
  • The report offers information on the strategic developments taking place in the global Intelligent Hospitality market, including partnerships & collaborations, mergers & acquisitions, new product launches, and government deals.
  • Moreover, the report provides a brief analysis of the COVID-19 impact on the Intelligent Hospitality market

Thank you for reading our report. To inquire about customization or any query about the report, please get in touch with us. Our team will make sure the report is best suited to your needs.

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