Digital Transformation in Hospitality Management Market Definition
Digital transformation in hospitality management involves the digital advancement in the hospitality sector by digitalizing the asset, operation and increased use of the technology. As the digital transformation in hospitality management affects the customers, and process in hotels and thus impacting the experience of customers. With the COVID-19 situation worldwide there is an increasing need for the hospitality industry to restructure the technology and in managing the customer relationship for better service.
The market study is broken down, by Application (Food and Beverages, Travel and Tourism, Lodging and Recreation) and major geographies with country level splits.
Control4 (United States), Genpact (United States), Mitel Networks Corporation (Canada), Cybage Software Pvt. Ltd (India), Accenture plc (Ireland), Oracle Corporation (United States), Hospitality Digital (Germany), Infor (United States), DXC Technology Company (United States) and Sabre Corporation (United States) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Digital Transformation in Hospitality Management market by Type, Application and Region.
On the basis of geography, the market of Digital Transformation in Hospitality Management has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Augmented Reality/Virtual Reality will boost the Digital Transformation in Hospitality Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud will boost the Digital Transformation in Hospitality Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Management Staff will boost the Digital Transformation in Hospitality Management market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
On 4th February 2020, Koch Industries to acquire Infor, the investment and acquisition subsidiary of Koch Industries, has entered into a definitive agreement to acquire the remaining equity stake in Infor held by Golden Gate Capital. At the close of the transaction, Infor will become a standalone subsidiary of Koch Industries and will continue to be operated by the company's current management team from its headquarters in New York City.
- Introduction of Internet of Things (IoT) like Smart Rooms, Beacons & Tablets in the Digital Transformation in Hospitality Management
- Increasing Use of Application in the Digital Transformation in Hospitality Management
- Demand for Better Customer Management in the Hospitality Management
- Increasing Demand for the Enhanced Customer Stay at the Hotel
- Adoption of Augmented & Virtual Reality (AR / VR) in the Hotel's Exterior will Boost the Digital Transformation in Hospitality Management
- Problems with the Technology Used in Hospitality Management Due to the Network Disruption Caused by the Environmental Problems
- Requirements fo the Skilled Staff to Manage the Digital Transformation in Hospitality Management
Key Target AudienceDigital Transformation in Hospitality Management Providers, Digital Transformation in Hospitality Management Industry Association, Research and Development Institutes, Potential Investors, Regulatory Bodies and Others
About ApproachThe research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
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