Houston, TX -- (SBWIRE) -- 04/03/2018 -- The major drivers for upsurge in demand for smart hospitality software and services include the growing demand for real-time optimized guest experience management, luring revenue generation & low operational costs, and increasing adoption of Internet of Things (IoT) & energy management systems.

The smart hospitality market is expected to grow at a Compound Annual Growth Rate of +24%, due to the need of Internet of Things (IoT) technology for better hotel operation management, security, energy management in hotel, and hospitality services. The restraints of the smart hospitality market include high initial cost of deployment & capacity, integration complexities over legacy systems & network, and limited availability of technically skilled personnel.

Key Players:
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.), Huawei Technologies (Shenzhen, China), Johnson Controls (Wisconsin, U.S.), NEC Corporation (Tokyo, Japan), and Infor, Inc. (New York, U.S.).

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A detailed overview of key market drivers, trends, restraints and analyzes the way they affect the Smart Hospitality Market By Software market in a positive as well as the negative aspect. The regions which are covered in this report are North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Considering the given forecast period and precisely studying each and every yearly data, a report is been drafted to ensure the data is as expected by client.

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This research, highlighting the current situation of the global Smart Hospitality Market By Software market, focuses on answering some of the important questions faced by stakeholders. By providing answers to all of these questions related to the key drivers and dominant companies, the report's authors also focus on different factors, which would create new growth opportunities in the global Smart Hospitality Market By Software market. Prepared by an expert team, the report on the global Smart Hospitality Market By Software market highlights recent developments, key trends, and new project developments in the market. As leading companies take efforts to maintain their dominance in the global Smart Hospitality Market By Software market, the right way to do so is by adopting new technologies and strategies.

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The report is presented in a clear and concise manner so that readers can understand the market structure and dynamics effectively. Recent trends and developments in the global Smart Hospitality Market By Software market have been analyzed. Opportunities leading to the growth of the market have been analyzed and stated. The report focuses on the global Smart Hospitality Market By Software market, and answers some of the most critical questions stakeholders are currently facing across the globe. Information about the size of the market (by the end of the forecast year), companies that are most likely to scale up their competitive abilities, leading segments, and challenges impeding the growth of the market are given.

Drivers and restraints impacting the growth of the market have also been analyzed. A segmentation of the global Smart Hospitality Market By Software market has been done for the purpose of a detailed study. The profiling of the leading players is done in order to judge the current competitive scenario. The competitive landscape is assessed by taking into consideration many important factors such as business growth, recent developments, product pipeline, and others. The research report further makes use of graphical representations such as tables, info graphics, and charts to forecast figures and historical data of the global Smart Hospitality Market By Software market.

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