The article cited AMA's Global Hotel Operating System Market Study explored substantial growth with CAGR of 6.7%. According the report, Introduction of Voice-activated Virtual Assistants and Chatbots in Hotel Operating System is one of the primary growth factors for the market. Rising Number of Hotels Around the Globe
is also expected to contribute significantly to the Hotel Operating System market. Overall, Large Size Hotel
applications of Hotel Operating System, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Oracle Corporation (United States), Digital Arbitrage Inc. (Cloudbeds) (United States), Guesty (Israel), World Web Technologies Inc. (WebRezPro) (Canada), Frontdesk Anywhere Inc. (United States), NewBook Pty Ltd (Australia), FCS CosmoPMS (Singapore), Northwind Software Corporation (Maestro PMS) (Canada), Shiji Group (China) and MSI CloudPM (United States) may see astonishing sales in this Market and certainly improve revenue growth.
The Platform, such as Desktop, is boosting the Hotel Operating System market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Modules, such as Hotel Administration, is boosting the Hotel Operating System market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Deployment, such as Cloud-based, is boosting the Hotel Operating System market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Hotel Operating System market identified that the demand is rising in many different parts of the world as "Surging Spending on Hospitality Management
". Furthermore, some recent industry insights like "In July 2023, HotelPort launches custom hospitality software development & platform integrgration services has aimed at improving guest experience services, hospitality tech company, HotelPort, in partnership with GP Solutions, has launched Hospitality software develop" is constantly making the industry dynamic. One of the challenges that industry facing is "High Cost of Setting up of Hotel Operating System"
The report provides an in-depth analysis and forecast about the industry covering the following key features:
Detailed Overview of Hotel Operating System market will help deliver clients and businesses making strategies. Influencing factors that thriving demand and latest trend running in the market What is the market concentration? Is it fragmented or highly concentrated? What trends, challenges and barriers will impact the development and sizing of Hotel Operating System market SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights. What growth momentum or downgrade market may carry during the forecast period? Which region may tap highest market share in coming era? What focused approach and constraints are holding the Hotel Operating System market tight? Which application/end-user category or Product Type [] may seek incremental growth prospects? What would be the market share of key countries like Germany, USA, France, China etc.?
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Hotel Operating System market and other related sub-markets covered in the study.
o Key & emerging players in the Hotel Operating System market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Hotel Operating System market size is calculated using market estimation process, the Hotel Operating System market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Hotel Operating System market size has been validated using both top-down and bottom-up approaches.