
target audience: TECH BUYER Publication date: Oct 2020 - Document type: IDC FutureScape - Doc Document number: # US45386320
IDC FutureScape: Worldwide Hospitality, Dining, and Travel 2021 Predictions
Table of Contents
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IDC FutureScape Figure
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Figure: IDC FutureScape: Worldwide Hospitality, Dining, and Travel 2021 Top 10 Predictions
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Executive Summary
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IDC FutureScape Predictions
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Summary of External Drivers
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Predictions: Impact on Technology Buyers
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Prediction 1: By 2021, 85% of Hospitality Brands Will Implement Self-Service Technologies, Seeing a 30% Lift in Sales Through Channels Including Online, Mobile, and Kiosk and a 50% Increase in Customer Satisfaction
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Associated Drivers
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IT Impact
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Guidance
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Prediction 2: As a Result of the Pandemic, by 2022, 25% of Hospitality Operators Will Leverage DX Investments to Support Alternative Revenue Streams, Lifting the Net Margin by 10% and Increasing Customer Loyalty by 20%
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Associated Drivers
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IT Impact
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Guidance
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Prediction 3: By 2023, 30% of Restaurants Using Third-Party Delivery Platforms Will Deploy Native Delivery Options to Eliminate Third-Party Fees, Increasing Profit by 15%
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Associated Drivers
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IT Impact
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Guidance
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Prediction 4: By 2023, 60% of Hospitality Brands Will Add DevOps Talent and Tools to Optimize Costs, Ensure Business Continuity, and Increase Speed to Market of Solutions by 30%
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Associated Drivers
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IT Impact
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Guidance
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Prediction 5: By 2023, 25% of Hospitality Operators Will Accelerate Intelligence Capabilities by Acquiring AI Start-Ups to Build Data Delivery Platforms for Personalization, Increasing Customer Loyalty by 15%
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Associated Drivers
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IT Impact
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Guidance
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Prediction 6: By 2024, 80% of Hospitality Brands Will Enable Contactless Service and Payments Through Digital Infrastructure, Increasing Ticket Sizes and Customer Retention by 25% and 30%, Respectively
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Associated Drivers
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IT Impact
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Guidance
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Prediction 7: By 2025, Use of Robotics, AI-Powered Assistants, and Connected Guest and Employee Systems Will Increase and Accelerate Investment in IoT by 150% and Cloud and Edge Platforms by 250% Over Forecast Levels
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Associated Drivers
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IT Impact
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Guidance
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Prediction 8: By 2023, 65% of Hospitality Organizations Will Pursue Significant Workforce Transformation Leveraging Communications, Mobility, AR/VR, and Cloud, Driving Up IT Spend in These Areas by Net-New 8%
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Associated Drivers
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IT Impact
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Guidance
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Prediction 9: As a Result of Pandemic-Related Heightened Security Risks, by 2025, Hospitality Brands Will Increase Security Spending by 40% by Adding Required Talent and Investing in Self-Healing Predictive Technology
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Associated Drivers
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IT Impact
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Guidance
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Prediction 10: By 2024, 40% of Hospitality Brands Will Commit to Sustainability with IoT, Blockchain, and Advanced Analytics Partnerships, Reducing Waste/Carbon Footprint by 30% and Increasing Customer Loyalty by 50%
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Associated Drivers
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IT Impact
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Guidance
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Advice for Technology Buyers
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External Drivers: Detail
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Accelerated Disruption — Crisis, Resilience, and Opportunity
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Description
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Context
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Strategic Innovation — Shaping the Future Enterprise Today
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Description
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Context
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The Next Normal — Resilient Business and Operating Models
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Description
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Context
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Intelligence Everywhere — Data Drives Action
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Description
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Context
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Digital Platform — Ecosystems at Scale
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Description
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Context
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Crisis of Trust — Meeting Rising Expectations
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Description
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Context
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Customer Engagement Redefined — Safe, Secure, and Sustainable Digital Experience
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Description
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Context
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Learn More
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Related Research
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