DUBLIN–(BUSINESS WIRE)–The “Smart Hospitality – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Global Smart Hospitality Market to Reach $58.1 Billion by 2027
Amid the COVID-19 crisis, the global market for Smart Hospitality estimated at US$ 13.9 Billion in the year 2020, is projected to reach a revised size of US$ 58.1 Billion by 2027, growing at a CAGR of 22.6% over the period 2020-2027.
Software, one of the segments analyzed in the report, is projected to record 21% CAGR and reach US$ 34.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Services segment is readjusted to a revised 25.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4.2 Billion, While China is Forecast to Grow at 22.2% CAGR
The Smart Hospitality market in the U.S. is estimated at US$ 4.2 Billion in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of US$ 10.2 Billion by the year 2027 trailing a CAGR of 22.2% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 20.3% and 19.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 15.9% CAGR.
Select Competitors (Total 35 Featured)
- Blazon Hotels
- Honeywell International Inc.
- Huawei Technologies Co. Ltd.
- IBM Corporation
- Johnson Controls
- NEC Corporation
- Qualsoft Systems Pvt. Ltd.
- Schneider Electric
- Winhotel Solution SL
Key Topics Covered
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of COVID-19 and a Looming Global Recession
- Global Competitor Market Shares
- Smart Hospitality Competitor Market Share Scenario Worldwide (in %): 2020E
- Global Competitor Market Shares by Segment
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- Total Companies Profiled: 35
For more information about this report visit https://www.researchandmarkets.com/r/w8iygt
Laura Wood, Senior Press Manager
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