Home Hotel industry Digital Spending in Hospitality Market Will See Huge Growth by 2027: Capgemini, Zendesk, Accenture

Digital Spending in Hospitality Market Will See Huge Growth by 2027: Capgemini, Zendesk, Accenture


This press release was originally distributed by SBWire

Edison, NJ – (SBWIRE) – 08/03/2022 – The latest published study of the global digital spending in hospitality market by AMA Research assesses the market size, trend and forecast to 2027. Digital Spending in Hospitality Market research covers significant research data and evidence to be a handy resource document for managers, analysts, industry experts and other key people to have a study ready to access and self-analyzed to help understand market trends, growth drivers, upcoming opportunities and challenges and about competitors.

Key players in this report include:
Accenture PLC (Ireland), Capgemini (France), IBM Corporation (United States), Tata Consultancy Services Ltd. (India), Zendesk, Inc. (US), Cognizant (US), SAS Institute Inc. (US)

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The global digital outsourcing opportunity for service providers in the travel and hospitality industry will be pegged at USD 1.6 billion in 2018 and is expected to reach USD 4 billion at a CAGR of 20% by 2022 The industry continues to see significant investment in connected travel experiences. for customers through initiatives such as next-age design and data-driven personalization supported by AI and ML. Leading global travel and hotel companies are creating multi-faceted partner ecosystems to deliver, design and deliver wonderful experiences for their customers. Digital spending in the hospitality industry includes business spending to improve user experience. Digitization is achieved through various channels such as web, social media, digital marketing, gamification and mobility. The introduction of various technological solutions helps to improve the user’s digital experience according to the expectations and requirements. Digital editions in the hospitality industry play a crucial role in retaining old customers and attracting new customers to expand the customer base of the hospitality industry. Digital spending in the hospitality industry covers different phases of the customer lifecycle, from awareness, engagement, purchase and relationship to support services. These phases require different solutions, depending on the requirements of that particular phase and specific to the hospitality industry.

Market opportunities:
– An increase in the implementation of the omnichannel approach
– Advances in technology
– Adoption of various technological solutions to improve the digital experience of users

Market trend:
– Increased customer expectations in terms of user experience
– The trend of using cloud-based software is popular and preferred by most
– Quick response to queries and faster support installations demanded by customers

Market factors:
– Growing need for a consistent customer experience
– Growing digital awareness and high spending on luxury goods
– Increase the participation of people in social media globally

The Global Hospitality Digital Spending Market Segments and Market Data Breakdown are illustrated below:
by application (small and medium enterprises, large enterprises), components (software, services), nature of the activity (business to business (B2B), business to customer (B2C), business to business to customer (B2B2C)), functionalities (Social Media, Gamification, Digital Marketing, Mobility), Device Used (Smartphones, Tablets, Laptops, Others)

The Global Digital Spending in Hospitality Market report highlights insights regarding current and future industry trends, growth patterns, as well as offers business strategies to help stakeholders make decisions. sound decisions that can help ensure the trajectory of earnings over the forecast years.

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Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions:
– The Middle East and Africa (South Africa, Saudi Arabia, United Arab Emirates, Israel, Egypt, etc.)
– North America (United States, Mexico and Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia).

Report objectives
– -Carefully analyze and forecast the size of the hospitality digital spend market by value and volume.
– -Estimate the market shares of the main segments of digital spending in the hotel industry
– To present the Digital Spending in Hospitality market development across different parts of the world.
– -Analyze and study the micro markets in terms of their contributions to the Digital Spending in Hospitality market, their prospects, and individual growth trends.
– -Offer accurate and useful details on the factors affecting the growth of digital spending in hospitality
– -To provide a meticulous assessment of crucial business strategies employed by leading companies operating in the Hospitality Digital Spending market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments and product launches.

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Main highlights of the table of contents:
Digital Spending in Hospitality Market Research Coverage:
– It includes major manufacturers, emerging player’s growth story and major business segments of Digital Spending in Hospitality market, years considered and research objectives. Further, segmentation based on product type, application, and technology.
– Executive Summary of Digital Spending in Hospitality Market: It provides a summary of the overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, together with macroscopic indicators.
– Digital Spending in Hospitality Market Production by Region The Digital Spending in Hospitality Market profile of manufacturers-players is studied on the basis of SWOT, their products, production, value, their finances and other vital factors.
– Key points covered in the Digital Spending in Hospitality Market report:
– Overview, Definition and Classification of Digital Spend in Hospitality Market Drivers and Barriers
– Digital Spending in Hotel Market Competition by Manufacturers
– Impact Analysis of COVID-19 on Digital Spending in Hospitality Market
– Digital Hotel Capacity Spending, Production, Revenue (Value) by Region (2021-2027)
– Hotel Supply Digital Spending (Production), Consumption, Export, Import by Region (2021-2027)
– Digital spend in hotel production, revenue (value), price trend by type {payment gateway, merchant account, subscription management,}
– Digital Spending in Hospitality Manufacturer Profiles/Analysis Digital Spending in Hospitality Manufacturing Cost Analysis, Supply Chain/Industry Analysis, Sourcing Strategy and Downstream Buyers, Marketing
– Strategy by major manufacturers/players, standardization of connected distributors/traders, regulatory and collaborative initiatives, industry roadmap and analysis of value chain market effect factors.

Browse Full Summary & TOC @ https://www.advancemarketanalytics.com/reports/131470-global-digital-spending-in-hospitality-market

Answers to key questions
– How feasible is the digital spend in hospitality market for long-term investment?
– What are the factors influencing the demand for digital spending in hospitality in the near future?
– What is the impact analysis of various factors on the growth of the global digital spending in hospitality market?
– What are the recent regional market trends and how successful are they?

Thank you for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.

Contact us:
Craig Francis (Public Relations and Marketing Manager)
AMA Research & Media LLP
Unit #429, Parsonage Road Edison, NJ
New Jersey United States – 08837

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