LAMEA Smart Hospitality Market Size, Share & Industry Trends Analysis Report By Offering, By Deployment Mode (Cloud and On-premises), By End User (Hotels, Cruise, Luxury Yatches), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Smart Hospitality Market would witness market growth of 32.4% CAGR during the forecast period (2022-2028).
The smart hospitality solutions market is being significantly driven by the rise in smart hotels all over the world as a result of technological advancements. By utilizing more on-premise and cloud technology for better administration of hotel resources and enhanced guest experiences, these hotels have boosted the demand for smart hospitality services. By offering energy-efficient solutions, it even aids in lowering operating expenses and boosts income.
By providing guests with cutting-edge communications tools, smart hospitality solutions make it possible for them to conduct meetings, conferences, and connections with colleagues remotely without any difficulties. Innovative smart hospitality offers hoteliers simple check-in options, a variety of room selections, room services, and a comfortable stay, all of which assist hotels to retain guests and increase revenue. Due to people having more disposable income and leading better-quality lives, there is also a rise in demand for resorts and spas.
Due to the vision and policies of the wise leadership and the concerted national efforts to develop the nation's tourism environment by offering integrated tourism products and services that enhance UAE's position as an ideal and sustainable tourist tourism hub from within the country and around the world, the tourism sector in the UAE continues to achieve outstanding results. The number of hotel accommodations increased by 8% to 194,000 rooms in the UAE during the same time period.
The Brazil market dominated the LAMEA Solution Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $580.1 million by 2028. The Argentina market is exhibiting a CAGR of 31.8% during (2022 - 2028). Additionally, The UAE market is experiencing a CAGR of 30.7% during (2022 - 2028).
Based on Offering, the market is segmented into Solution (Property Management System, Guest Experience Management System, Integrated Security Management, Facility Management Software, Network Management Software, and Point Of Sale Software) and Services. Based on Deployment Mode, the market is segmented into Cloud and On-premises. Based on End User, the market is segmented into Hotels, Cruise, Luxury Yatches, and Others. The report also covers geographical segmentation of Smart Hospitality market. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include NEC Corporation, Huawei Technologies Co., Ltd., Oracle Corporation, Samsung Electronics Co., Ltd., IBM Corporation, Cisco Systems, Inc., Siemens AG, Johnson Controls International PLC, Honeywell International, Inc. and Legrand S.A.
Scope of the Study
Market Segments Covered in the Report:
- Property Management System
- Guest Experience Management System
- Integrated Security Management
- Facility Management Software
- Network Management Software
- Point Of Sale Software
By Deployment Mode
By End User
- Luxury Yatches
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- NEC Corporation
- Huawei Technologies Co., Ltd.
- Oracle Corporation
- Samsung Electronics Co., Ltd.
- IBM Corporation
- Cisco Systems, Inc.
- Siemens AG
- Johnson Controls International PLC
- Honeywell International, Inc.
- Legrand S.A.
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