The Dormitories Global Market Report 2023, provides comprehensive information on the dormitories market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global dormitories market size is expected to grow from $15.99 billion in 2022 to $17.95 billion in 2023 at a compound annual growth rate (CAGR) of 12.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global dormitories market size is expected to reach $27.00 billion in 2027 at a CAGR of 10.7%.
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Technological advancements are a key trend gaining popularity in the Dormitories market. Companies operating in the dormitories market are integrating new technologies to develop innovative student housing solutions and sustain their position in the market. For instance, in September 2020, Huawei, a China-based multinational technology corporation, installed an AirEngine Wi-Fi 6 solution in the dormitory campus of Southeast University. It is constructed with only optical Ethernet networks. Huawei installed an AirEngine 5760-22W Wi-Fi 6 wall plate access point (AP) in every hostel, taking into account the distinctive architectural aspects of the campuses. These APs have industry-leading smart antennas, which allow signals to follow users as they walk, ensuring complete Wi-Fi coverage with no blind spots. This technology ensured strong signal reception throughout the dorms. Also, the built-in Bluetooth capability of the APs facilitates Wi-Fi and Internet of Things (IoT) convergence, which will be helpful as IoT development picks up speed in the future.
The dormitories market is segmented:
1) By Type: Rooming And Boarding Houses, College Housing
2) By Service Type: PBSA, Private Rented Sector, University Accommodation, Other Services
3) By Application: Freshman, Sophomore, Junior, Senior, 5Th Year Or Later, Graduate Student
North America was the largest region in the dormitories market in 2022.
The table of contents in TBRC’s dormitories market report includes:
- Executive Summary
- Dormitories Market Characteristics
- Dormitories Market Trends And Strategies
- Dormitories Market – Macro Economic Scenario
- Dormitories Market Size And Growth
.
- Dormitories Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Dormitories Market
- Dormitories Market Future Outlook and Potential Analysis
- Appendix
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