United States System Integrator for Hospitality Market Size By Service (Infrastructure Integration, Service, Integration, Consulting), By Infrastructure Integration (Property Management System (PMS) Integration, Point-of-Sale (POS) Integration), By Consulting (Wi-Fi Solutions, Cabling and Fiber), By End-user (Hotel, Restaurants, Spas and Wellness Centers), And Forecast
Published on: 2024-08-01 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
United States System Integrator for Hospitality Market Size By Service (Infrastructure Integration, Service, Integration, Consulting), By Infrastructure Integration (Property Management System (PMS) Integration, Point-of-Sale (POS) Integration), By Consulting (Wi-Fi Solutions, Cabling and Fiber), By End-user (Hotel, Restaurants, Spas and Wellness Centers), And Forecast
United States System Integrator for Hospitality Market Size And Forecast
The market size of the United States System Integrator for Hospitality Market stood at USD 2,912.71 Million in 2022 and is projected to reach USD 11,379.86 Million by 2030. The Market is projected to grow at a CAGR of 18.95% from 2024-2030.
The ‘U.S. System Integrator for Hospitality Market’ is witnessing significant growth owing to various driving factors such as a surge in demand for automated and streamlined -processes in the hospitality industry, growing use of mobile apps and IoT, and the rest of other factors. The United States System Integrator for Hospitality Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
United States System Integrator for Hospitality Executive Summary
System integrators play an essential role in the hotel business by offering complete technology solutions that streamline operations, improve guest experiences, and boost overall efficiency. Guest management systems, intelligent room controls, contactless solutions, and data analytics are all being quickly used by the hotel sector. System integrators assist hotels in effortlessly integrating these technologies to improve guest happiness and operational efficiency. Hotels invest in digital solutions catering to individual tastes in response to the desire for personalized guest experiences. System integrators assist hotels in developing integrated systems that provide customized services and amenities such as personalized room settings, digital concierge services, and loyalty programs.
The U.S. System Integrator for Hospitality Market is segmented into three sub-segments such as Infrastructure Integration, Application Integration, and Consulting, based on Service. The Infrastructure Integration segment accounted for the highest share of 44.62% in 2022 while Application Integration is expected to grow with the highest CAGR of 21.95% during the forecasted period. Infrastructure Integration segment is further segmented as Property Management System (PMS) Integration, Point-of-Sale (POS) Integration, Interactive Television Systems Integration, and Others. The Property Management System (PMS) Integration segment accounted for the highest share of 47.73% in 2022 while Point-of-Sale (POS) Integration segment is expected to grow with the highest CAGR of 18.03%.
Moreover, the Consulting segment is further segmented as Wi-Fi Solutions, Cabling & Fiber, and Others. The Wi-Fi Solutions segment accounted for the highest share of 41.20% in 2022 and is expected to grow with the highest CAGR of 21.48% over the forecasted period. Based on End-user, the U.S. market is segmented into four sub-segments including Hotel, Restaurants, Spas and Wellness Centers, and Others. The hotel segment is expected to grow with the highest CAGR of 21.35% during the forecasted period.
The ‘U.S. System Integrator for Hospitality Market’ is witnessing significant growth owing to various driving factors such as a surge in demand for automated and streamlined -processes in the hospitality industry, growing use of mobile apps and IoT, and the rest of other factors. The demand for technology-driven solutions that enhance operational effectiveness and guest experience is growing across the U.S. hospitality sector. The demand for system integrators’ services has been driven by their critical role in integrating numerous technological solutions, including property management systems, guest services, reservations, and security systems.
However, there are various risk factors including cost constraints that can be the major restraining factors for the market to grow. Moreover, factors such as growing usage of data analytics and personalization and others, are creating new opportunities for the market to grow over the forecasted period. The hotels segment is holding the largest market share in 2022 and accounted for 47.34%. The Application Integration segment is projected to grow with the highest CAGR of 21.95% during the forecast period.
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United States System Integrator for Hospitality MarketSegmentation Analysis
The U.S System Integrator for Hospitality Market is segmented based on Service, Infrastructure Integration, Consulting, and End-user.
United States System Integrator for Hospitality Market, By Service
To Get a Summarized Market Report By Service-
Based on Service, the market is segmented into Infrastructure Integration, Service, Integration, and Consulting.
The U.S. System Integrator for Hospitality Market is experiencing a scaled level of attractiveness in the Infrastructure Integration segment. The Infrastructure Integration segment has a prominent presence and holds the major share of the U.S. market. The Infrastructure Integration segment is anticipated to account for a significant market share of 36.14% by 2030. The segment is projected to gain an incremental market value of USD 2,419.27 Million and is projected to grow at a CAGR of 15.94% between 2024 and 2030.The primary responsibility of an infrastructure integrator is designing spaces that can accommodate specific requirements of integrated systems, which involves understanding the systems’ technical needs, such as space utilization, power and cooling requirements, and security considerations. They create layouts that optimize space allocation, energy efficiency, and accessibility while adhering to the relevant regulations and industry standards. However, the Application Integration segment is going to hold the highest share of 43.78% by 2030. The segment is projected to gain an incremental market value of USD 3,466.95 Million and is projected to grow at the highest CAGR of 21.95% between 2024 and 2030.
United States System Integrator for Hospitality Market, By Infrastructure Integration
On the basis of Infrastructure Integration, the U.S. System Integrator for Hospitality Market has been segmented into Property Management System (PMS) Integration, Point-of-Sale (POS) Integration, Interactive Television Systems Integration, and Others.
The U.S. System Integrator for Hospitality Market is experiencing a scaled level of attractiveness in the Property Management System (PMS) Integration segment. The Property Management System (PMS) Integration segment has a prominent presence and holds the major share of the U.S. market in 2022. The Property Management System (PMS) Integration segment is anticipated to account for the market share of 42.73% by 2030. The segment is projected to gain an incremental market value of USD 973.15 Million and is projected to grow at a CAGR of 14.4% between 2024 and 2030.
Integrating PMS with online booking platforms ensures real-time updates of room availability and pricing across multiple channels, which reduces the risk of discrepancies and overbookings. Integration with point-of-sale (POS) systems allows direct linkage between guest expenditures at on-site facilities and their accounts, streamlining billing processes. Furthermore, integrating PMS with customer relationship management (CRM) systems enables staff to provide personalized customer experiences by accessing their preferences and history. However, the Point-of-Sale (POS) Integration segment is going to hold the largest share of 44.71% by 2030. The segment is projected to gain an incremental market value of USD 1,158.48 Million and is projected to grow at a CAGR of 18.0% between 2024 and 2030.
United States System Integrator for Hospitality Market, By Consulting
On the basis of consulting analysis, the U.S. System Integrator for Hospitality Market is classified into Wi-Fi Solutions, Cabling and Fiber, and Others.
The U.S. System Integrator for Hospitality Market is experiencing a scaled level of attractiveness in the Wi-Fi Solutions segment. The Wi-Fi Solutions segment has a prominent presence and holds the major share of the U.S. market in 2022. The Wi-Fi Solutions segment is anticipated to account for the highest market share of 49.91% by 2030. The segment is projected to gain an incremental market value of USD 785.92 Million and is projected to grow at a CAGR of 21.48% between 2024 and 2030.
Wi-Fi solutions in the hospitality sector have surpassed the boundaries of basic internet connectivity. Today, they encompass various functionalities, such as enabling guests to stay seamlessly connected for business and leisure purposes and facilitating intricate hotel operations. Skilled system integrators in this field design and deploy Wi-Fi networks that cater to guests’ high bandwidth demands and abide by the industry’s security and scalability requirements. However, the Cabling and Fiber segment is going to hold the highest share of 31.39% by 2030. The segment is projected to gain an incremental market value of USD 422.40 Million and is projected to grow at the highest CAGR of 15.96% between 2024 and 2030.
United States System Integrator for Hospitality Market, By End-user
To Get a Summarized Market Report By End-user-
On the basis of end-user analysis, the U.S. System Integrator for Hospitality Market is classified into Hotel, Restaurants, Spas and Wellness Centers, and Others.
The U.S. System Integrator for the Hospitality Market is experiencing a scaled level of attractiveness in the Hotel segment. The Hotel segment has a prominent presence and holds the major share of the U.S. market in 2022. The Hotel segment is anticipated to account for the market share of 55.75% by 2030. The segment is projected to gain an incremental market value of USD 4,357.72 Million and is projected to grow at a CAGR of 21.35% between 2024 and 2030.
System integrators set up audio-visual equipment such as screens, projectors, and sound and video conferencing in conference rooms, meeting rooms, and entertainment areas. System integrators develop and deploy security and surveillance systems, including CCTV cameras, access control, and intrusion detection, to assure visitor and property security. System integrators place digital signage solutions around the hotel to engage customers and deliver pertinent information. However, the Restaurants segment is going to hold the second-largest share of 29.19% by 2030. The segment is projected to gain an incremental market value of USD 1,918.99 Million and is projected to grow at a CAGR of 15.45% between 2024 and 2030.
Key Players
The major players in the market are; Oracle Corp, IBM, Capgemini, Infosys, Fujitsu Ltd., Dxc Technology, HCL, SONIFI Solutions Inc., SiteMinder, Mews, Hapi, Qualex Consulting Services Inc., and AltexSoft, and others. This section provides company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.
Company Market Ranking Analysis
The company ranking analysis provides a deeper understanding of the top 3 players operating in System Integrator for Hospitality market. takes into consideration several factors before providing a company ranking. The top three players for the SiteMinder, Mews, and Hapi. The factors considered for evaluating these players include company’s brand value, product portfolio (including product variations, specifications, features and price), company presence across major regions, product-related sales obtained by the company in recent years and its share in the total revenue. further studies the company’s product portfolio based on the technologies adopted or new strategies undertaken by the company to enhance its market presence Globally or regionally. We also consider the distribution network (online as well as offline) of the company that helps us to understand the company’s presence and foothold in various System Integrator for Hospitality markets.
Company Regional/Industry Footprint
The company’s regional section provides geographical presence, regional-level reach, or the respective company’s sales network presence. For instance, Oracle Corp has its presence Globally i.e., in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.Apart from this, the industrial footprint section provides a cross-analysis of industry verticals and market players that gives a clear picture of the company landscape concerning the industries they serve their products. The product portfolio of the companies is classified in terms of their diversification as well as the number of products/services that are available. The geographic reach and the market penetration are determined considering the penetration of the company’s products and services in various geographical regions and industries.