27-Jul-2021 | Zion Market Research
The global Hotel and hospitality management software market accounted for USD 3,171.1 Million in 2020 and is expected to reach USD 4,894.4 Million by 2028, growing at a CAGR of around 6.7% between 2021 and 2028.
The report covers forecast and analysis for the Hotel and hospitality management software market on a global and regional level. The study provides historic data of 2016 to 2019 along with a forecast from 2021 to 2028 based on revenue (USD Million). The study includes drivers and restraints for the Hotel and hospitality management software market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the Hotel and hospitality management software market on a global level.
This report offers comprehensive coverage on global Hotel and hospitality management software market along with, market trends, drivers, and restraints of Hotel and hospitality management software market. This report includes a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter’s five forces model for the Hotel and hospitality management software market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness. This report is prepared by using data sourced from in-house databases, secondary and primary research team of industry experts. Research analysts and consultants cooperate with leading companies of the concerned domain to verify every value of data exists in this report.
North America, Europe, Asia-Pacific, Latin America and Middle East & Africa are key regional segments of global hotel and hospitality management software market. Asia-Pacific is anticipated to remain the leading region over the forecast period. The market is well developed in Asia Pacific region owing to the high investments that are made for the development of the market.
Moreover, According to UNWTO, Asia-Pacific has registered about 320 million tourist visitors in 2017. Also, the East Asia has historically performed well in the region, led by Japan with growth in arrival of tourist visitors by 19% in 2017. State of the art, strong safety and health conditions, and ICT-equipped infrastructure are the major factors for the growth of the hotel and hospitality management market in the Asia-Pacific.
.The study offers a vital outlook on the Hotel and hospitality management software market by designating the market based on Hotel Type, type, deployment type, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2021 to 2028. Key hotel types covered under this study include Business Hotels, Heritage and Boutique Hotels, and Resorts and Spas. Major types covered in the study are Hotel Operation Management System, Integrated Security System, Hotel Building Automation System, Guest Service Management System, and Integrated Communication Technology Solutions. The geographical segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Furthermore, these major regions are bifurcated into major countries such as U.S., Canada, Mexico, Poland, Russia, UK, France, Germany, China, Japan, India, South Korea, ASEAN, Brazil, and Argentina.
The report covers detailed competitive outlook including company profiles of the key participants operating in the global market. Key players profiled in the report include Johnson Controls, Jonas Software, NEC Corporation, Oracle Corporation, protel hotel-software GmbH., Schneider Electric, Siemens AG among others.
Browse the full “Hotel and Hospitality Management Software Market By Hotel Type (Business Hotels, Heritage and Boutique Hotels, and Resorts and Spas), Type (Hotel Operation Management System, Integrated Security System, Hotel Building Automation System, Guest Service Management System, and Integrated Communication Technology Solutions), By Deployment Type ( On-premises and SaaS-Based): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2028.” Report at https://www.zionmarketresearch.com/report/hotel-hospitality-management-software-market
The report segments the Hotel and hospitality management software Market into:
By Hotel Type
By Deployment Type
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