16 / 01 / 2017 Smart Hospitality Market Worth 18.11 Billion USD by 2021 / PR Newswire India / PUNE , India , January 12 , 2017 / PRNewswire /
According to a new market research report " Smart Hospitality Market by Software ( Hotel Operation Management System , Hotel Building Automation System ), Service ( Professional , Managed ), Hotel Type ( Business , Heritage & Boutique , Resorts & Spas ), Deployment Model , and Region Global Forecast to 2021 " published by MarketsandMarkets , the market expected to grow from USD 5.74 Billion in 2016 to USD 18.11 Billion by 2021 , at a Compound Annual Growth Rate ( CAGR ) of 25.8 %.
( Logo : http :// photos . prnewswire . com / prnh / 20160303 / 792302 )
Browse 102 market data Tables and 52 Figures spread through 172 Pages and indepth TOC on " Smart Hospitality Market "
http :// www . marketsandmarkets . com / MarketReports / smarthospitalitymarket93242156 . html Early buyers will receive 10 % customization on this report .
The major drivers for upsurge in demand for smart hospitality software and services include the growing demand for realtime optimized guest experience management , luring revenue generation & low operational costs , and increasing adoption of Internet of Things ( IoT ) & energy management systems .
Hotel building automation system is expected to hold the largest market share in the Smart Hospitality Market .
The hotel building technology has significantly changed over time , and various disciplines such as building automation for facility & emergency response management , building energy optimization , parking management , and water management are now being widely adopted in the hospitality sector . The adoption of hotel building automation software is propelled by the increasing demand for energy and facilityefficient methods . The emergence of IoT has also enabled the exchange of information among several electronic devices as well as cloud , without the need of direct human interaction , which makes hospitalities smarter .
Ask for PDF brochure @ http :// www . marketsandmarkets . com / pdfdownload . asp ? id = 93242156
Business hotels is likely to hold the largest market share in the Smart Hospitality Market by hotel type
Business hotels primarily serve business travelers ; however , many tour groups , individual tourists , and small conference groups find these hotels attractive . Business hotels provide their guests with unified communication capabilities that enable the guests to conduct meetings , conferences , and connect to associates around the world . In addition , these hotels deploy various building automation and mobile deviceenabled technologies to provide a mesmerizing experience to the guests .
Ondemand deployment model is expected to grow at the highest CAGR during the forecast period
The ondemand deployment model , also referred to as SoftwareasaService ( SaaS ) and PlatformasaService ( PaaS ), enables hotels to deploy their software and services on a virtual environment . The cloudbased deployment smart hospitality software reduces the cost associated with purchasing , servicing , and powering of serverclass machines . The subscription model enables the scalability for
http :// www . printthis . clickability . com / pt / cpt ? expire =& title = Smart + Hospitality + Market + Worth + 18.11 + Billion + USD + by + 2021 +% 2FPR + Newswire + India % 2 … 1 / 3