Wednesday, 13 May 2020

Clean Label Ingredients Market 2020 Industry Analysis on Trends, Growth, Opportunities and Forecast till 2026

The report “Clean Label Ingredients Market Share, Size, Trends, Industry Analysis Report By Application (Beverages, Bakery, Dairy & frozen desserts, Prepared food/ready meals & processed foods, Cereals & snacks, Others), By Form (Dry, Liquid), By Type (Natural colors, Natural flavors, Fruit & vegetable ingredients, Starch & sweeteners, Flours, Malt, Natural preservatives, Fermentation ingredients, Oils & shortenings, Emulsifiers, Cereal Ingredients)), By Regions, Segments & Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The global Clean Label Ingredients market size is expected to reach USD 68.22 billion by 2026 according to a new study by Polaris Market Research

The market witnessed tremendous growth in the recent past and this trend is expected to continue from 2019 to 2026. Companies have developed products and formulations that have good taste, texture, smell, appearance and tolerance has resulted in wide consumer acceptance. The number of product clean label product launches is on the rise thus providing consumers with a wide variety of choice while still facilitating them to concentrate on their health. Dairy segment witnessed a wide range of product revamping and new product launches as well.


Growing product investment with using natural products for the coloring the products such as using brown colors from rice and organic sugarcane is boosting the product demand in processed food. The manufacturers are using organic processors desiring orange color from pumpkin juice and carrot concentrates. Shifting consumer preference towards organic based products is further enhancing the product growth. Shifting trend towards food that are least processed and maintaining the natural content of food will have significant impact over the coming years.

Increasing demand of consumer towards snacking and number of snacking occasions between meals will boost the product growth. Easy to carry and easy to use option of snacks offering healthy benefit will significantly improve the product demand. Snacks are widely preferred by the kids and parents are preferring to provide clean label cereal and snacks over conventional alternatives. Growing consumer focus on nutritional value of the product such as high protein, naturalness, high vitamins, no processing or minimum processing, is expected to significantly enhance the product demand. These are widely consumed in matured economies also. Increasing consumer spending towards health-oriented foods will further boost the product growth.


Presence of various major players particularly in the North American region are playing a significant role in the transformation of food and beverage industry. Multiple changes in nutritional recommendations, potential government legislation, and consumer demands has resulted in bringing the necessary amendments related to health conditions. The industry participants across the region are making strenuous efforts to bring advancements in clean label ingredients thereby enhancing quality of food products.

Clean Label product manufacturers completely offset the usage of artificial ingredients which have a negative impact on the overall human health. Clean Label Food & beverage manufacturers are deploying fortification of nutritional additives such as chia seeds, fruits, nuts, pumpkins, etc in their product offerings. The major motive of incorporating aforementioned additives in clean label food & beverage industry is to increase the nutritional content in food items.

Companies such as Cargill, Kerry Group PLC, Koninklijke DSM N.V., E. I. Du Pont De Nemours and Company, Ingredion Incorporated, Tate & Lyle PLC, and Archer Daniels Midland Company are some of the key players operating in the global market.


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Delivery Drone Market Trends by Types and Application, Operating Business Segments 2026

The global delivery drone market size is expected to reach USD 494.5 million by 2026 according to a new study by Polaris Market Research. Report gives a detailed insight into current market dynamics and provides analysis on future market growth.

 
Delivery drones are one of the types of unmanned aerial vehicles which can be operated remotely or autonomously and provides advantages such as delivery or distribution of packages during last mile delivery for commercial logistics or transportation industry. Also, the logistics & transportation vendors are taking sheer interests for adopting drone technologies in order to provide their services efficiently at rural & urban areas wherein, transportation vehicles have difficulty to reach at remote locations due to bad condition of roadways. For instance, according to Statistics Bureau, China had over 589 million of population living in the remote areas in 2017. Increasing adoption of drone technologies by growing e-commerce sector vendors is one of the major factors aiding the growth of delivery drones in China.




Delivery drones provides several advantages such as lower transportation costs, reduces delivery time by cutting down traffic, higher operational efficiency, lowers accidents, and lowers gas emissions. Moreover, the growth of the market is majorly attributed to rapidly growing drone industry throughout the world. For instance, according to Polaris Market Research analysis, in 2016, the drone units were pegged over 2.2 million units globally and continuously increasing owing to increasing production and adoption of drone technologies by different end use verticals such as military & aerospace and healthcare industries.
Companies such as Airbus SE, CyPhy Works, DJI Technology Co. Ltd., Drone America, JD.com, Matternet, SKYCART Inc., The Boeing Company, and Zipline are some of the key players operating in this market.


Furthermore, increasing adoption of drone technologies by quick service restaurant chains and healthcare vendors is another major factor aiding the growth of market. For instance, in 2016, Timbre (a Singapore based one of the largest restaurant chains) planned and tested 8 drones developed by Infinium Robotics (a Singapore based company) for serving in restaurants. Moreover in 2018, Zomato (an India-based restaurant search & discovery service company) acquired TechEagle Innovations Pvt Ltd. in order to offer drone-based food delivery services in India which is expected to create a good opportunity for drone manufacturers in the region during the forecast period.




However, there are still some regulations in the country which limits the usage of drones in India for commercial purposes such as goods delivery. In addition, stringent regulations by the Federal Aviation Administration (FAA) & logistical challenges are restraining the growth of delivery drones across the world. Also, poor infrastructure and complex terrain are expected to be other restraining factors for delivery drone industry.


Among drone type, rotary blade is expected to be the largest market for delivery drones in 2019, owing to its ease of use such as vertical take-off & landing features and also it is expected to retain its dominance during the forecast period of 2020-2026 as well. Hybrid drones are expected to be the fastest growing drone type during the forecast period, owing to advanced features such as higher payload capacity, longer flight time, and increased range up to 4-5 times of the normal delivery drones which generally have the travelling range of around 10-20 miles.



Among regions, North America is expected to be the largest market for delivery drones in 2018 and is expected to be the largest market during the forecast period as well. The growth of this region is majorly attributed to increasing production of drones and increasing adoption of drones for different commercial applications in the region. Also, in 2015, the FAA granted new exemptions for the QSR or logistics companies to operate drones in the United States which is expected to drive the market for delivery drones during the forecast period.

 


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Natural Food Colors Market Key Strategies to Use to Dominate Globally 2020-2026

The global natural food colors market size is expected to reach USD 2,984.9 Million by 2026 according to a new study by Polaris Market Research. The report “Natural Food Colors Market Size, Share & Trend Analysis Report, By Type (Carmine, Curcumin, Paprika, Turmeric, Beet, Anthocyanins, Caramel, Annatto, Carotenoids, Chlorophyll, Spirulina, Others); By Form (Liquid, Powder, Gel, Emulsion); By Application (Bakery & Confectionery, Beverages, Dairy Products, Frozen Products, Meat Products, Others), Regions and Segment Forecasts, 2020- 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

 Some of the important players profiled in the report include Archer Daniels Midland Company (U.S.), Allied Biotech Corporation, BASF SE (Germany), CHR Hansen Holding A/S (Denmark), D.D. Williamson & Co., Inc. (U.S.), Diana Naturals, Dohler Group (Germany), DowDuPont (U.S.), Fiorio Colors S.R.L (Italy), FMC Corporation (U.S.), Food Colour Innovation S.L. (Spain), GNT Group (The Netherlands), IFC Solutions. (U.S.), Kalsec Inc. (U.S.), Kolorjet Chemicals Pvt.Ltd. (India), Koninklijke DSM N.V. (The Netherlands), Lycored Ltd. (Israel), Naturex S.A. (France), Phinix International (India), San-Ei Gen F.F.I., Inc. (Japan), Sensient Technologies Corporation (U.S.), Vinayak Ingredients India Pvt. Ltd. (India) among other notable players.


With leading market players holding significant market share, the market remains highly consolidated. Leading players of the natural color industry, while expanding their distribution network, continue to make heavy investments in research and development. The need for a wide range of products and a broader network creates high entry barriers to the market for natural colors of foods, making consolidating market positions difficult for local and regional players.

Food coloring is still playing a major role in the market, with companies still attracting consumers with attractive food colors. Various surveys show that food coloring remains of vital importance on the F&B market as consumers continue to base their assessment on food coloring. While the use of synthetic colors continues, recent research on the association of various health issues with synthetic food color consumption has brought the safety of the ingredients into question by consumers.



The key market trend in the current natural food colors is increased stability and function. The main aim of the manufacturers is also to create natural, powdered food colors especially in yellow, orange and brown. This is due to the use for ready-to-eat meals, sauces, and noodles and of a large amount of seasoning consumption. Herstellers are looking forward to develop a new natural food color source at a low cost. They are concentrating on developing new drying methods and materials that enable powder stability innovation at a competitive cost. As a result, food manufacturers are investing in clean labels, thereby bringing in newer products or revising existing product portfolios through the incorporation of clean label food colors. The result is a growing need for a number of products which bear claims such as “natural.”

Increased government aid is expected to boost the growth of the market in Asia Pacific in turn to encourage the adoption of natural food colors in different food and beverage applications. During the forecast period, the demand for natural colors in China and India is expected to increase. The launch of new products with natural ingredients is a key reason for this. Carmine is the most popular pigment in Asia-Pacific in red colors, while beta carotene and carotenoids are preferable in orange and yellow colors.


The world market for food colors is divided into types, form, applications and geographic areas. It is bifurcated into carmine, curcumin, paprika, turmeric, beet, anthocyanins, caramel, annatto, carotenoids, chlorophyll, spirulina, and others based on the type. The form segments is further bifurcated into liquid, powder, gel, emulsion. The application section is further segmented into bakery & confectionery, beverages, dairy products, frozen products, meat products, and others. According to regions, the market has been analyzed on a country level throughout North America, Europe, Asia-Pacific and Latin America and Middle East & Africa. The maximum development rate on the global market is expected to occur in Asia Pacific due to high demand from economies such as India, South Korea, China, etc.  


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Hydrogen Fuel Cell Vehicle Market Latest Trends, Global Demand, Industry Growth,In-Depth Analysis And Opportunities Till 2026

The global hydrogen fuel cell vehicle (HFCV) market size is expected to reach USD 28.82 billion by 2026 according to a new study by Polaris Market Research. The report “Hydrogen Fuel Cell Vehicle Market Share, Size, Trends, Industry Analysis Report By Technology (Proton Exchange Membrane Fuel Cell, Alkaline Fuel cell, Solid Oxide Fuel Cell); By Vehicle Type (Commercial Vehicle, Passenger Car); By Regions, Segments & Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

In contrast to conventional gasoline, petrol or diesel vehicles, a hydrogen fuel cell incorporates oxygen and hydrogen, which in turn produce energy for the car. There are numerous factors affecting the forward momentum of the market. Developing varied technologies in the automotive industry generates new opportunities for growth. Furthermore, a hydrogen fuel cell vehicle’s enhanced cargo capacity and longer range contribute to its growth. Since hydrogen fuel cell cars can generate their own energy, many eco-conscious clients opt for fuel cell vehicles over domestic electric cars. Growing environmental awareness is expected to increase the global HFCV market during the forecast period. This is because of decreased carbon emissions from HFCVs, unlike conventional vehicles operating on petrol, diesel or petrol.


Many government organizations and concerned authorities and industry partners have initiated plans to such advanced infrastructure networks to spur the market at a global level. The leading automakers such as Toyota, Audi, and Honda have developed a range of hydrogen cell-based fuel cars for the global market. Owing to an increase in electric vehicles, there is a large number of such fueling stations being established in the parts of North America, Europe, and Asia-Pacific. In 2017, there were over 330 hydrogen fueling stations operating across the globe, with over 50 each in California, Germany, and Japan. There is around 35 retail hydrogen fueling station being built in California and nearly 15 hydrogen-fueling stations are operating in the UK in 2017. Moreover, the government authorities such as the US Department of Energy (DOE) are investing public funds for the rollout of hydrogen fueling stations, is further augmenting the growth of the global market.


Furthermore, according to the International Energy Agency, Germany has around 23 operating hydrogen fueling stations in 2017. These numbers are to be outnumbered by more than 50 as the country is constructing 25 more such stations, and at the end of 2017 around 60 stations are estimated to be operational. The National Organization Hydrogen and Fuel Cell Technology (NOW) coordinated Germany’s National Innovation Programme (NIP) to establish 50 stations with $134 million. Public and private stakeholders are convened by the Clean Energy Partnership to create this initial network. 
H2Mobility, a consortium of Air Liquide, Daimler, Linde, OMV, Shell, and Total, is planning and constructing this network. The consortium plans to have 100 stations by 2019, with around 10 stations each in Hamburg, Berlin, Rhine-Ruhr, Frankfurt, Stuttgart, and Munich metropolitan areas, and the remaining 40 as connectors and destination stations. This infrastructure backbone supports both light-duty and light commercial fuel cell vehicles, with the additional stations expected to grow with the rising growth of the global market.



Since January 2016, the Research Centre for Gas Innovation (RCGI) has been working to offer technology for obtaining fuel cells in 5 years. The center has the mission to investigate the use of the resource in terms of increasing their partnership in the Brazilian energy matrix. It is also making a contribution to the mitigation of greenhouse gas emissions. They have also emphasized that Brazil along with the US, Japan, and Germany, advanced programs to produce hydrogen-operated buses. Hence, this project will support the development of such vehicles.


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Excavator Market Size, Trends Analysis, Region, Demands And Forecasts Report 2020-2026

The global excavator market size is expected to reach USD 62.2 billion by 2026 according to a new study by Polaris Market Research. Report gives a detailed insight into current market dynamics and provides analysis on future market growth.

Excavators are building equipment which is equipped with a dipper, boom or bucket fixed on a mobile platform that is based on application requirements. The excavators assist in the execution of excavation, landscaping, picking and placing, handling and construction of materials, demolition and other activities. The excavators also help to complete labor-intensive tasks or earlier work performed using heavy building equipment.


Some of the key players in the market include John Deere, Komatsu, Liebherr, KUBOTA Corporation, CNH Industrial N.V., Doosan Bobcat Inc, Caterpillar, Hitachi, Kato Works Co., Ltd. and Kobelco among others.


Advances in technology have also resulted in superior equipment for excavators with high power output and performance capabilities, offering effective alternative solutions for heavy construction equipment. As a result, excavators are available for various applications in various power output capacities.

One of the major indicators driving the growth of the market for excavators during the forecast period is the growing construction industry. It is also expected that the versatile advantages of excavators, such as durability, compact size, superior maneuverability, availability of different power output ranges and others, will fuel the demand for excavators over the forecast period. In order to optimize the building process in the construction industry, rapid infrastructural development and technological advancement lead to the incorporation of advanced machinery and equipment.


In addition, heavy construction equipment is also projected to boost the growth of the market for excavators over the demand for efficient, robust, and mobile construction equipment, providing lucrative opportunities for market players. However, it is expected that the lack of skilled operators and technicians will hamper the growth of the market for excavators in emerging economies.

Asia Pacific dominates the global market, driven by the growth in China’s urbanization and growth in infrastructure development. Population growth is expected to boost the construction market in countries like India and China. The construction of roads and infrastructure in developing countries such as China and India are expected to increase rapidly. This is estimated to boost the market for excavators. Also, North America is a favorable market for this industry. Another positive outlook in Europe is that excavators are used on a large scale in developed countries such as Germany, France and the United Kingdom.

Saudi Arabia and Israel’s market is also growing rapidly. This is expected to increase the Middle East & Africa market share. The region is a leading oil and gas market and thus offers huge opportunities for the MEA region. Due to the implementation of new emission standards, companies are trying to introduce environment friendly machines and are constantly trying to develop enhanced products which would meet the international regulations and norms. This is one of the major concern for the overall industry.


Increasing investment in the residential building segment followed by development of transport infrastructure is projected to increase growth prospects in this market. This will result in a steady rate of market growth and increase the sales of manufacturers of excavators. 

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Styrene Butadiene Rubber (SSBR) Market Application, Revenue Status, Leading Player, Demand, Growth, Future Opportunity & 2026 Forecast

The Solution Styrene Butadiene Rubber (S-SBR) market is anticipated to reach over USD 6.2 billion by 2026 according to a new research published by Polaris Market Research. In 2017, the automotive tire segment dominated the global market, in terms of revenue. Asia-Pacific is expected to be the leading contributor to the global market revenue during the forecast period.

The growing automotive industry, rapid industrialization, and modernization of vehicles drive the growth of this market. The growth in global automotive industry and increasing average life of vehicles has resulted in Solution Styrene Butadiene Rubber Market market growth. The growing need for improved fuel efficiency and reduced rolling resistance accelerates the demand for automotive tires. Other driving factors include rising applications in footwear and sports industries, and increasing use in polymer modification applications. Increasing demand from developing nations, and technological advancements is expected to provide numerous growth opportunities to the market players during the forecast period.


The key players operating in the Solution Styrene Butadiene Rubber market include Bridgestone Corporation, Asahi Kasei Corporation, The Goodyear Tire & Rubber Company, Taiwan Synthetic Rubbers, Dow Chemical Company, Tianjin Lugang Petroleum and Rubber, Dynasol Elastomers, Polimeri Europa, China National Petroleum Corporation, and Trinseo S.A. among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.


Asia-Pacific generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The increasing demand for automotive in the region coupled with rising disposable income drives the Solution Styrene Butadiene Rubber market growth in the region. The rapid industrialization in China, Japan, and India, along with significant improvement in living standards would support Solution Styrene Butadiene Rubber market growth during the forecast period. The introduction of stringent government regulations regarding use of eco-friendly tires, and modernization of vehicles would boost the market growth.


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Used Cooking Oil Market Recent trends, Major Driving Factors and Business Growth Strategies 2026

The global used cooking oil (UCO) market size is anticipated to reach USD 773.5 Million by 2026, growing at a CAGR of 3.6% during the forecast period, according to a new research published by Polaris Market Research. The Report “Used Cooking Oil Market Share, Size, Trends, & Industry Analysis Report [By Source (Restaurants and Other Food Outlets, Household, Food Manufacturers, Caterers, Others) By Application (Biodiesel, Oleo Chemicals, Animal Feed, Others), By Regions]: Segments & Forecast, 2019 – 2026” provides a thorough and detailed analysis with an overview of present trends and future insights. In 2018, the biodiesel segment accounted for the highest share in this market in terms of revenue. Europe is expected to be the leading contributor to the market revenue in 2018.


Increasing urbanization and industrialization coupled with growing demand for biofuels majorly drives the UCO market growth. The increasing population, and rising awareness regarding use of renewable resources further support the growth of this market. Increasing demand for sustainable energy solutions, and environmental awareness boosts the market growth. The growth in the global food and beverage industry, and significant increase in restaurants and food outlets also accelerate the development of the used cooking oil market. Increasing use as additive in animal feed, rising focus on improving animal health, accelerating demand from emerging countries, and growing initiatives to promote sustainable energy sources are expected to provide growth opportunities in the used cooking oil industry during the forecast period.


Europe generated the highest market share in terms of revenue in the global used cooking oil industry in 2018, and is expected to lead the market throughout the forecast period. The growing population, urbanization, and industrialization increase the demand for used cooking oil in the region. The rising environmental concerns, and favorable government regulations is generating numerous opportunities for the used cooking oil industry in the region. Increasing demand for biodiesel, and growing awareness regarding animal health also boosts market growth in Europe.



The well-known companies profiled in the UCO market report include Greenergy International Ltd, Baker Commodities Inc., Darling Ingredients, Proper Oils, Uptown Biodiesel Limited, Argent Energy, Devon Biofuels, Brocklesby Ltd, Biomotive Fuel Ltd., and Lywood Consulting. These companies are consistently launching new products to enhance their offerings in the global used cooking oil industry. With the advancement of technologies, companies are innovating and introducing new customized solutions to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

Polaris Market Research has segmented the global used cooking oil (UCO) market on the basis of Source, Applications and Region:

Used Cooking Oil Source Outlook (Revenue, USD Million, 2015 – 2026)
  • Restaurants and Other Food Outlets
  • Household
  • Food Manufacturers
  • Caterers
  • Others
Used Cooking Oil Application Outlook (Revenue, USD Million, 2015 – 2026)
  • Bio-diesel
  • Oleochemicals
  • Animal feed
  • Others
Used Cooking Oil Regional Outlook (Revenue, USD Million, 2015 – 2026)
  • North America
    1. U.S.
    2. Canada
  • Europe
    1. Germany
    2. UK
    3. France
    4. Italy
  • Asia-Pacific
    1. China
    2. India
    3. Japan
    4. Singapore
    5. Australia
  • Latin America
    1. Brazil
    2. Mexico
  • Middle East and Africa


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Nonlinear Optical (NLO) Crystals Market Global Demand, Industry Growth,In-Depth Analysis And Opportunities Till 2026

The global Nonlinear Optical (NLO) Crystals Market size is expected to reach USD 7,766.4 million by 2026 according to a new study by Polaris Market Research The key players in the market include Covesion, HC Photonics, AdvR, Red Optronics, Inrad Optics, Eskma Optics, among others.
Nonlinear optics is the part of science that manages the collaboration of light with issue under conditions to such an extent that the direct superposition guideline is disregarded. Instances of nonlinear optical associations incorporate consonant age, whole and distinction recurrence age, the force reliance of the complex refractive record, light-by-light dissipating, and invigorated light dispersing. These procedures lead to applications including all-optical switching, optical power limiting, picture control, and picture preparing.

Insulating gems structure a significant class of second-request nonlinear optical materials. It is settled that solitary precious stones that come up short on a focal point of reversal evenness can have a nonvanishing second-request vulnerability. This prerequisite restrains the selection of precious stones to those of certain balance classes. An extra prerequisite on materials properties is set by the way that second-request nonlinear optical procedures can happen with great effectiveness just if a standard stage coordinating condition is fulfilled. 


Albeit all materials should show this conduct, the proficiency of this procedure is commonly little and can’t be controlled remotely. Presently, accomplices of the Graphene Flagship venture in Cambridge (UK), Milan, and Genova (Italy) have shown just because that graphene demonstrates a decent optical reaction, yet in addition how to control the quality of this impact utilizing an electric field.
  
Looks into imagine the production of new graphene optical switches, which could likewise bridle new optical frequencies to transmit information alongside optical cables, expanding the measure of information that can be transmitted. At present, most business gadgets utilizing nonlinear optics are just utilized in spectroscopy. Graphene could make ready towards the creation of new gadgets for ultra-expansive transmission capacity applications.

Nevertheless, these are obviously delegate arrangements, intended to purchase time to recuperate high speculation costs inline innovation (principally burrowing), before at last taking off Fiber-to-the-Building or even Fiber-to-the-Home (FTTB/FTTH). This pattern for fixed-line administration is probably going to persevere for quite a while. Moore’s law will win for at any rate another five to seven years with regards to storage (it is less sure for processor speeds). And keeping in mind that development in screens may slow fairly, higher screen definition will proceed, to 8K and past, until we arrive at the farthest point of the human eye’s capacity. Normally, portable broadband improvement has pursued the patterns in fixed broadband, but with a postponement of a couple of years.


The application of Nonlinear Optical Crystals includes high cost owing to the high price of raw materials. It not only increases the cost of end-product but also discourages manufacturing companies to adopt the same. Despite Asia Pacific having cheapest workforce across the globe, the cost of end product ascends drastically. This in turn acts as a major restraint for the Nonlinear Optical Crystals Market.

Various nonlinear optical crystals techniques exist or are being produced for different zones going from maritime sensing of biological systems, gas air pockets, and submerged items to restorative sensing of the human body. The methodology is to utilize essential frequency occurrence waves to produce second-arrange nonlinear whole or contrast frequency handle that convey data about an article to be detected. Here we demonstrate that when all is said in done nonlinear sensing of an article, many confused and conceivably surprising systems can prompt total or distinction frequency fields.

China’s telecom segment proceeded with relentless development a year ago, with vigorous portable system benefits and improving web infrastructure. The segment’s income rose 3 percent year on year to 1.3 trillion yuan (in excess of 190 billion U.S. dollars) in 2018, as indicated by a report of the Ministry of Industry and Information Technology. Given vivacious improvement of interpersonal interaction applications, the extent of telephone call charges in the all-out telecom income dropped further to 13.7 percent a year ago from 17.9 percent in 2017. As a result, it is expected to have a positive impact on the market growth.


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Tuesday, 12 May 2020

Hotel Management Software Market size is expected to reach USD 32.9 Billion by 2026 | PMR

The global Hotel Management Software market size is expected to reach USD 32.9 Billion by 2026 according to a new study by Polaris Market Research. The report “Hotel Management Software Market Share, Size, Trends, Industry Analysis Report By Industry (Travel & Tourism, Corporate & Large Enterprises, Government); By Deployment (Cloud, On-Premise); By Type (Hotel Operation Management System, Integrated Security System, Hotel Building Automation System, Guest Service Management System, Integrated Communication Technology Solutions) By Regions, Segments & Forecast, 2020 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The hotel management software market is projected to witness a significant growth over the forecast period. Hotel management systems essentially help owners and managers to handle their workload effectively. This frees up enough time for these users which can then be utilized to concentrate on more important parameters such as improving customer experience, chalking out marketing plans, and creativity. These aforementioned factors are critical success factors in the tourism industry. Thus, in an era of high industrial rivalry, hotel management software aid owners to concentrate more on critical success factors.



Some of the key features of such management software include scalability, data security, ease of usage, variety of payment platform integration, theft control, centralized system with end to end seamless integration among others.  Such features enable the user to have complete control over the entire value chain and also analyses what works for his business and what does not. The data can also be fed to external activities such as marketing to gain higher business. All these factors are benefitting the market over the next six years.

Customized services provided by key industry participants is a major market trend. Not all properties have the same software requirements and hence companies have to provide them with a solution that best suits the customer needs. Therefore, industry participants work in collaboration with their clients to correctly assess needs and design a solution. This factor has resulted in a wide variety of hotel chains, upscale midscale and economy alike deploying hotel management software.


Development of novel software products, plug ins and tools has completely revolutionized the market. Companies provide a set of built in tools that aid in complex operations such as marketing, work force management among others. For example, built in tools for marketing, aid and assist in the segmentation of customer data based on their historical spending to include them in targeted promotions aimed at increasing sales. These built in tools also aid in marketing campaigns by automatically sending push in notifications, SMS alerts, emails, etc. They also provide services such as post campaign analytics to track metrics and to optimize future campaigns. Such initiatives taken by industry participants to provide the best of services and tools is benefitting the overall market growth.


In order to increase sales and gain additional market shares, hotel owners such as those at airports also provide off-premise as well as third party deliveries. Sensing this opportunity, industry participants have developed systems that aid in the streamlining of bookings, Routing of orders immediately to save time, and to providing assistance to delivery team at each step among others. These functions are carried out by the system without compromising the core functions at the basic hotel location. Some of the leading players in the market include Honeywell International, Inc., Winhotel Solution S.L., Buildingiq Inc., Oracle Corporation, Infor, Inc., NEC Corporation, IBM Corporation, Huawei Technologies Co. Ltd, Schneider Electric Se, Johnson Controls, Siemens AG and Honeywell International, Inc.


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Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.

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