Blockchain Press Releases
Smart Hospitality Market size worth USD 130.6 Billion, Globally, by 2030 at 29.5% CAGR: Verified Market Research®
The “Global Smart Hospitality Market Size By Type (Business Hotels, Heritage and Boutique Hotels), By Application (Hotels, Cruise, Luxury Yachts), By Geographic Scope And Forecast” report has been published by Verified Market Research®. The report provides an in-depth analysis of the global Smart Hospitality Market, including its growth prospects, market trends, and market challenges
JERSEY CITY, N.J., Aug. 11, 2023 /PRNewswire/ — The Global Smart Hospitality Market is projected to grow at a CAGR of 29.5% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 12.84 Billion in 2021 and is expected to reach USD 130.6 Billion by the end of the forecast period.
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Browse in-depth TOC on “Smart Hospitality Market“
202 – Pages
126 – Tables
37 – Figures
Emerging Trends in Smart Hospitality: Market Analysis Unveils Promising Outlook and Key Players
With the advent of smart hospitality – a combination of cutting-edge technologies and automated software designed to improve guest experiences and operational efficiencies – the global Smart Hospitality Market is enduring a revolutionary transformation. In a recent exhaustive market analysis, industry specialists revealed compelling insights into the driving forces, market outlook, and key players influencing this dynamic industry.
Demand growth for real-time, optimised guest experience administration has accelerated the growth of the smart hospitality market. This trend, coupled with the pursuit of lower operational expenses and the promise of alluring revenue growth, has accelerated the industry’s market penetration. In addition, the adoption of Internet of Things (IoT) and energy management systems has emerged as a major factor in the market’s ongoing expansion. Utilising cutting-edge technology, the smart hospitality industry is positioned to be a formidable industry growth driver.
While the smart hospitality market has tremendous development potential, it also faces a number of obstacles. High initial deployment costs present an entry barrier, necessitating strategic approaches to overcome this obstacle. The integration of advanced technologies over legacy networks and systems presents a challenge to uninterrupted development, thereby compelling industry participants to pioneer innovative solutions. In addition, addressing the dearth of technically qualified personnel arises as a crucial task for the expansion of the market.
Demand for hospitality software and services is on the rise, propelled by the pursuit of real-time optimised guest experiences, streamlined operational costs, and expanding enthusiasm for IoT integration. By combining automated software, intelligent solutions, and mobile devices, the hospitality industry enables visitors to select rooms with ease, creating an unparalleled guest experience.
The landscape of the smart hospitality market is expected to be dominated by North America, which is projected to hold the largest market share. The presence of industry titans such as Microsoft and Google, which are actively incorporating technological advancements into their portfolios, bolsters market expansion in this region.
Schneider Electric, Siemens AG, IBM Corporation, Honeywell International, Winhotel Solutions, Cisco Systems, Oracle Corporation, Huawei Technologies, Johnson Controls, and NEC Corporation are prominent entities within the Smart Hospitality Market. In-depth analysis of these key players provides insights into their financial performance, product benchmarking, and SWOT analysis, highlighting their crucial roles in influencing the future of the industry.
Through market ranking analysis, the competitive landscape within the smart hospitality sector is further explored, revealing the position of key players and their strategies. To secure a strong market presence, key development strategies include technological innovation, strategic partnerships, and customer-centric approaches.
As the smart hospitality market advances, it faces challenges to transform visitor experiences and operational paradigms. The market’s trajectory, which is propelled by a commitment to enhance guest services and optimise operations, positions it as an innovator in the broader hospitality landscape.
To get market data, market insights, financial statements and a comprehensive analysis of the Global Smart Hospitality Market, please Contact Verified Market Research®.
Based on the research, Verified Market Research® has segmented the global Smart Hospitality Market into Type, Application, and Geography.
- Smart Hospitality Market, by Type
- Business Hotels
- Heritage and Boutique Hotels
- Resorts and Spas
- Others
- Smart Hospitality Market, by Application
- Hotels
- Cruise
- Luxury Yachts
- Others
- Smart Hospitality Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
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A recent warning from the FBI regarding a crypto money transmitter seems to be aimed at the Samourai Wallet. This development highlights the increasing scrutiny and regulatory challenges faced by privacy-focused cryptocurrency wallets and services.
The FBI warning raises concerns about the use of certain cryptocurrency wallets that prioritize user privacy and anonymity, potentially enabling illicit activities such as money laundering and terrorist financing. While the warning does not explicitly name any specific wallet or service, the language used suggests that the Samourai Wallet may be the target of the advisory.
Samourai Wallet is known for its focus on privacy and security features, including coin mixing and stealth addresses, which aim to enhance user privacy and protect against surveillance and tracking. However, these features have drawn the attention of law enforcement agencies and regulators, who are increasingly concerned about their potential misuse by criminals.
The FBI warning underscores the challenges faced by privacy-focused cryptocurrency wallets in navigating regulatory compliance and law enforcement scrutiny. While these wallets aim to empower users with greater control over their financial privacy, they must also address regulatory requirements and law enforcement concerns to avoid legal and reputational risks.
As the cryptocurrency industry continues to evolve, privacy-focused wallets like Samourai Wallet will need to strike a balance between privacy and compliance, ensuring that they can provide robust privacy features while also addressing regulatory concerns and maintaining transparency with authorities. This delicate balance is essential to foster trust and confidence among users and regulators alike, ultimately enabling the continued growth and adoption of privacy-enhancing technologies in the cryptocurrency space.
Source: cointelegraph.com
The post FBI warning against crypto money transmitters ‘appears’ to be aimed at mixers appeared first on HIPTHER Alerts.
Blockchain
Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets
Pantera Capital is reportedly planning to raise $1 billion for a new fund that offers exposure to various crypto assets, as reported by Blockchain.News. This ambitious fundraising initiative underscores Pantera’s continued confidence in the potential of the cryptocurrency market and its commitment to providing investors with diversified investment opportunities in the digital asset space.
The new fund from Pantera Capital aims to capitalize on the growing demand for exposure to cryptocurrencies and blockchain-based assets among institutional and retail investors. By offering a comprehensive portfolio of crypto assets, the fund seeks to provide investors with access to a wide range of investment opportunities, spanning cryptocurrencies, tokens, and other digital assets.
Pantera’s decision to raise $1 billion for the new fund reflects its optimistic outlook on the long-term growth prospects of the cryptocurrency market. With increasing mainstream adoption and institutional interest in cryptocurrencies, Pantera sees significant potential for value creation and capital appreciation in the digital asset space.
As one of the leading blockchain-focused investment firms, Pantera Capital is well-positioned to attract capital from investors seeking exposure to the cryptocurrency market. The firm’s track record of successful investments and its experienced team of investment professionals are likely to bolster investor confidence and support for the new fund.
Pantera Capital’s plans to raise $1 billion for its new fund underscore its commitment to driving innovation and growth in the cryptocurrency market. As the fund attracts capital and deploys it into promising investment opportunities, it is poised to play a key role in shaping the future of the digital asset ecosystem.
Source: blockchain.news
The post Pantera Capital Plans to Raise $1 Billion for New Fund Offering Exposure to Crypto Assets appeared first on HIPTHER Alerts.
Blockchain
Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak
Johann Polecsak argues that existing blockchains face significant challenges in adopting post-quantum cryptography without causing substantial disruption to users. This assessment highlights the complex and multifaceted nature of transitioning to new cryptographic standards in blockchain networks.
Post-quantum cryptography refers to cryptographic algorithms that are resistant to attacks from quantum computers, which have the potential to break traditional cryptographic schemes. While post-quantum cryptography offers enhanced security, implementing it in existing blockchain networks poses technical, operational, and usability challenges.
Polecsak suggests that transitioning to post-quantum cryptography could require significant changes to blockchain protocols, consensus mechanisms, and user interfaces. These changes may disrupt existing workflows, require modifications to software and hardware infrastructure, and necessitate coordination among network participants.
Furthermore, Polecsak emphasizes the importance of ensuring backward compatibility and interoperability during the transition to post-quantum cryptography. This is crucial to prevent fragmentation of the blockchain ecosystem and maintain continuity for users and applications.
Polecsak’s assessment underscores the complexities and trade-offs involved in adopting post-quantum cryptography in existing blockchain networks. While the transition promises improved security against quantum threats, it requires careful planning, coordination, and investment to minimize disruption and ensure a smooth transition for users and stakeholders. As the field of post-quantum cryptography continues to evolve, blockchain projects will need to carefully evaluate their options and strategies for implementing these new cryptographic standards.
Source: news.bitcoin.com
The post Existing Blockchains Can’t Adopt Post-Quantum Cryptography Without Significant User Impact, Says Johann Polecsak appeared first on HIPTHER Alerts.
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