Industry Background:
Hotel call accounting systems automatically post call records to property management systems, which allows properties to track phone calls, bill guests for phone usage. This helps in reducing telecommunication costs, and increase guest satisfaction. This innovative platform manages call accounting, reporting, analytics, tracking of call data.
According to AMA Research, the market for Hotel Call Accounting is expected to register a CAGR of 3.49% during the forecast period to 2030. This growth is primarily driven by Rise in Integration of Business Accounting Software with Big Data
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Systems Software sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as TeleManagement Technologies (United States), Calero Software (United States), FCS Computer Systems (Singapore), Matsch Systems (United States), Hansen Software (Canada), TEL Electronics (United States), ISI Telemanagement Solutions (United States), Metropolis Technologies (United States), Mind CTI (Israel), eTEL Technologies (Canada) and Telarus (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In June 2023, Hotel Point of Sale system vendor, Xn Global Systems Inc. is delighted to announce the forthcoming launch of xnPOS BI, a powerful F&B analytics BI platform, at HITEC Toronto. xnPOS BI provides detailed F&B departmental insights, crunched from the rich transaction data collected by xnPOS. It is available for use by both hotel groups and independent hotels.
In Mar 2020, Inextrix Technologies Pvt. Ltd. Announced To Offer A Feature Rich Call Accounting Solution, Which Is General Purpose Telecommunication Solution And Used By Any OrganisationsThe market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. This market has various growth opportunities that leading players capture via tracking the ongoing process enhancement and huge investment in market growth strategies.
Influencing Trend:
Hotel Accounting Mobile Applications
Market Growth Drivers:
Rise in Integration of Business Accounting Software with Big Data and Introduction of Optical Character Reduction
Challenges:
High Maintenance Cost Become the Challenge in This Industry
Opportunities:
Opportunity in Hospitality Industry Due To Inclined Focus towards Technology
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Hotel Call Accounting Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Hotel Call Accounting Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Hotel Call Accounting players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Hotel Call Accounting Study Sheds Light on
The Hotel Call Accounting Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Hotel Call Accounting industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Hotel Call Accounting industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.