Global Smart Hospitality
Market Report
2024
As per Cognitive Market Research's latest published report, the Global Smart Hospitality market size was $16.92 Billion in 2022 and it is forecasted to reach $94.47 Billion by 2030. Smart Hospitality Industry's Compound Annual Growth Rate will be 23.98% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global Smart Hospitality market size was $16.92 Billion in 2022 and it is forecasted to reach $94.47 Billion by 2030. Smart Hospitality Industry's Compound Annual Growth Rate will be 23.98% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Smart Hospitality Market Sales Revenue 2022 | $ 16.92 Billion |
Global Smart Hospitality Market Sales Revenue 2030 | $ 94.47 Billion |
Global Smart Hospitality Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 23.98% |
Market Split by Type |
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Market Split by Application |
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Market Split by Deployment Mode |
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Market Split by Hotel Type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Smart Hospitality industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Smart Hospitality Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Smart hospitality uses internet-connected devices that are able to communicate or interact with each other. Smart hospitality refers to the use of advanced technology and data-driven insights to improve the guest experience, optimize operations and increase efficiency in the hospitality industry. This may include the use of devices and systems such as smart room automation, mobile apps, chatbots, artificial intelligence (AI), the Internet of Things (IoT), and data analytics.
Increasing adoption of smart room technology from renowned hotel brands along with the improved level of personalization is the main driving factor contributing to the growth of the global smart hospitality market during the forecast period. For example, a growing number of hotel companies, including the likes of Hilton and Marriott are implementing the concept of the smart hotel room to deliver better personalization. Additionally, the recent introduction of disruptive technologies such as artificial intelligence and IoT with the aim of improving management, efficiency, and control from hotel management has driven market growth over the forecast period.
However, data breaches and privacy concerns related to the hotel’s digital infrastructure may obstruct the growth of the global smart hospitality market in near future. Further, the rapid development of various advanced technologies such as automation, and data analytics is expected to create great opportunities for the smart hospitality market during the forecast period. In the upcoming years, hotels may use contactless technologies such as facial recognition, mobile keys, and voice-activated controls to enhance the overall guest experience.
We have various report editions of Smart Hospitality Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
Competitive Landscape includes company profiling of the key manufacturers listed below. It also provides the key developments such as new product launches, expansion, mergers & acquisitions, partnerships, agreements, joint ventures, business overview, key strategies and financial analysis associated with the key players. Strategy implemented to overcome the COVID-19 Impact will be discussed in the report scope. Key players Financials includes Revenue (USD Million), Gross Margin (%) and Market Share (%) (2019- 2023), S.W.O.T Analysis, (To read more request the sample pages Or speak to analyst/author directly).
Top Companies Market Share in Smart Hospitality Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
North America accounted for relatively the largest share of the smart hospitality market during the forecast period. The growth of market is significantly growing in the region due to the rapid expansion of the tourism industry and an increased trend toward technological sophistication. Moreover, increasing integration of new contactless technologies to facilitate and delight guests are becoming frequent in hotels around the US.
The current report Scope analyzes Smart Hospitality Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Smart Hospitality Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Smart Hospitality Industry growth. Smart Hospitality market has been segmented with the help of its Type, Application Deployment Mode, and others. Smart Hospitality market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Smart Hospitality market.
Type of Smart Hospitality analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Smart Hospitality Industry. Request a Free Sample PDF!
Hotels held significant growth in terms of application, as hotels are one of the key players in the smart hospitality trend, and many are using advanced technology and data-driven insights to optimize operations and improve the guest experience.
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Smart Hospitality market report 2024 Edition by contacting our team.
By Deployment Mode, the On-premise segment held the major revenue share of Smart Hospitality Market!
On-premise segment acquired the revenue share in terms of deployment mode due to it offering advantages over cloud mode such as a significant reduction in cost and improve efficiency. On-premise smart hospitality refers to the use of advanced technology and data-driven insights to optimize operations and improve the guest experience within a physical location such as a hotel.
Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Smart Hospitality Market is witnessing significant growth in the near future.
In 2023, the Software segment accounted for noticeable share of global Smart Hospitality Market and is projected to experience significant growth in the near future.
The Hotels segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Schneider Electric (Rueil-Malmaison France), IBM Corporation (New York-U.S.) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Type | Software, Services |
Application | Hotels, Cruises, Luxury Yachts |
Deployment Mode | On-premise, Cloud |
Hotel Type | Business Hotels, Heritage & Boutique Hotels, Resorts & Spas |
List of Competitors | Schneider Electric (Rueil-Malmaison France), Siemens (Munich-Germany), IBM Corporation (New York-U.S.), BuildingIQ (California-U.S), Honeywell International (New Jersey-U.S.), Winhotel Solutions (Balearic Islands-Spain), Cisco Systems (San Jose-U.S.), Oracle Corporation (California-U.S.), Huawei Technologies (Shenzhen-China), Johnson Controls (Wisconsin-U.S.), NEC Corporation (Tokyo-Japan), Infor (New York-U.S.) |
This chapter will help you gain GLOBAL Market Analysis of Smart Hospitality. Further deep in this chapter, you will be able to review Global Smart Hospitality Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Smart Hospitality Market Trends North America Smart Hospitality Technological Road Map North America Smart Hospitality Market Drivers North America Smart Hospitality Market Restraints North America Smart Hospitality Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Deployment Mode Analysis 2019 -2031
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Chapter 13 Market Split by Hotel Type Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Smart Hospitality market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Software have a significant impact on Smart Hospitality market? |
What are the key factors affecting the Software and Services of Smart Hospitality Market? |
What is the CAGR/Growth Rate of Hotels during the forecast period? |
By type, which segment accounted for largest share of the global Smart Hospitality Market? |
Which region is expected to dominate the global Smart Hospitality Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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