U.S. Smart Hospitality Market is expected to grow with the CAGR of 20.4% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below.
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U.S. smart hospitality market is a highly consolidated market, which includes specific number of key players. The market has witnessed increased strategic developments owing to favourable market scenario.
The major players dealing in U.S. smart hospitality market are introducing strong range of products provider along with launching of new products and adopting strategic initiatives such as acquisition, agreement, business expansion, award and recognition into the market. This helped companies to maximize the sales with enhanced product portfolio.
For instance:
- In July 2020, Oracle announced the release of Oracle’s OPERA Cloud. The Property Management and Sales and Event Management services of OPERA Cloud represent two dimensions of a single Oracle Hospitality solution. It helps in improving the workflow across hotel departments, leading directly to greater efficiency and revenue-generating opportunities. With this solution hoteliers can have more communication with their customers and can also handle more events and conduct them in a better way.
Oracle is the dominating player in U.S. smart hospitality market. The other key players existing in the market are Telkonet, Inc., INTELITY, Wirepath Home Systems, LLC, dba Control4, Lutron Electronics Co., Inc, React Mobile, Inc., SABRE GLBL INC., Springer-Miller Systems, SEKURETRAK INC., WiSuite, HOSPITALITY NETWORK, LLC., Enseo, Leviton Manufacturing Co., Schneider Electric, IBM Corporation, ASSA ABLOY, BLUIP, INC., dormakaba Group, GuestTouch Inc., Infor, Siemens, SAMSUNG, DigiValet, Cisco, Honeywell International Inc., Johnson Controls, BuildingIQ, INTEREL, Verdant (A subsidiary of Emerson Electric Co.) and others.
Oracle
Oracle established in the year 1977, headquarter in Texas, U.S. The company offers complete suites of integrated applications plus secure Generation 2 Infrastructure featuring the Oracle Autonomous Database. The company operates its business via several business segments including cloud and license, hardware and services in which cloud and license segment is the market focused segment. The company has several product categories which are hotel solutions, pos systems, hardware solutions, cruise solutions, marketing solutions, enterprise resource planning, human capital management, oracle cloud infrastructure in which Hotel Solutions, POS Systems, Hardware Solutions, Cruise Solutions, Marketing Solutions, Enterprise Resource Planning, Human Capital Management, Oracle Cloud Infrastructure are the market focused category.
For instance,
- In November 2020, Oracle partnered with Carmel Hotéis, the first hotel in the Brazil to implement Oracle Hospitality OPERA Cloud services. The platform offers an intuitive user interface, streamlining daily operations of hospitality companies of all types and sizes and improving front-line staff reliability. It also helps the hotel teams to provide an exceptional service to guests without excessively focusing on key strokes or staring at complicated screens. With this the company has provided its clients a cloud-based solution, which supports the growth and innovation to meet guests’ changing needs and expectations.
The company has presence across Europe, Asia-Pacific, America, Middle East and Africa. The company also has various subsidiaries including Oracle International Corporation (U.S.), Oracle America, Inc. (U.S.), Oracle Global Holdings, Inc. (U.S.), Oracle Systems Corporation (U.S.), OCAPAC Holding Company UC (Ireland) among others.
Honeywell International Inc.
Honeywell International Inc., founded in the year 1885, headquartered is in North Carolina, U.S. The company provides innovative technologies by integrating health, safety and environmental considerations into all aspects of the business. The company operates its business via several business segments including aerospace, honeywell building technologies, performance materials and technologies, safety and productivity solutions in which honeywell building technologies segment is the market focused segment. The company has several product & service categories including aerospace, building & cities, chemicals & materials, healthcare & pharma, industrial & manufacturing, retail, safety, supply chain, software, services, products, services in which building & cities is the market focused category.
For instance,
- In March 2020, Honeywell International Inc. launched e7w Wireless EMS Thermostat equipped with built-in occupancy, temperature and humidity sensors that can help hoteliers save 25-40% on guestroom HVAC energy usage when part of an INNCOM networked Energy Management System (EMS). This helped the company to expand its product portfolio to integrate with the Energy Management System (EMS) and provide better usability.
The company has wide presence across Asia-Pacific, Europe, Latin America, and North America. The company also has various subsidiaries including Notifier (U.S.), Novar GmbH (Germany), Honeywell Automation India Limited (U.S.), Intermec (U.S.), Sparta Systems Inc. (U.S.), UOP LLC (U.S.), Vocollect, Inc. (U.S.), Elster GmbH (Germany), Honeywell Korea Ltd (Korea), Honeywell Specialty Chemicals Seelze GmbH (Germany) among others.
IBM Corporation
IBM Corporation, founded in the year 1911, headquarter in New York, U.S. The company provide integrated solutions and products related for business processes leveraging information technology, data and others. The company operates its business via several business segments including cloud & cognitive software, global business services, global technology services, systems, global financing in which cloud & cognitive software segment is the market focused segment. The company has product categories which are Industries, Artificial intelligence, Automation, Blockchain, Business operations, Cloud Computing, Data & Analytics, IT infrastructure, Security, Supply Chain in which Industries is the market focused category.
For instance,
- In May 2020, IBM Corporation and Red Hat announced the launch of new edge computing solutions for the 5G era. This new offering enabled the enterprises and telecommunication companies to deploy and manage AI, IoT and analytics workloads at eh edge. This enabled seamless edge deployments in retail. Hospitality, healthcare and other verticals. This enabled the company to create more responsive user experience and enhance its product offering in the smart hospitality market.
The company has presence across North America, South America, Europe, Asia-Pacific, Middle East and Africa. The company also has various subsidiaries including IBM Argentina Sociedad de Responsabilidad Limitada (Argentina), IBM Global Financing Australia Limited (Australia), Banco IBM S.A. (Brazil), IBM India Private Limited (India), IBM Hellas Information Handling Systems S.A. (Greece) and others
