Global Smart Hospitality Market Report By Offering (Solution, Services), By Deployment Mode (Cloud, On-premises), By End User (Hotel, Cruise, Luxury Yatches, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2022-2030

The global demand for Smart Hospitality Market is presumed to reach the market size of nearly USD 161.9 BN by 2030 from USD 13.38 BN in 2022 with a CAGR of 31.92% under the study period 2023 - 2030.

Smart hospitality is the unification of automated software and solutions used in hotels and cuise for offering hi-tech hospitality to guests. It provides a unique experience to guests by offering services like the selection of rooms, types, entertainment systems in the room, internet features, and many other facilities. Besides improving the efficiency of the staff, smart hospitality also reduces the cost, thus boosting the company revenue, which is why it is extensively adopted on a global scale. 

Market Dynamics 

The mounting call for real-time optimized guest experience management is driving the growth of smart hospitality market, including an escalating demand for hospitality software and services. Embracing advanced technology for smart hospitality promotes business growth with high revenue and low operational cost. Smart hospitality is a rising sector that leverages the hospitality segment through upgraded solutions and automated software. The technologies impart an appreciable hospitality experience for the company and the guests. The report projects high growth under the study period.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of smart hospitality. The growth and trends of smart hospitality industry provide a holistic approach to this study. 

Market Segmentation

This section of the smart hospitality market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities. 

By Offering

• Solution
• Services

By Deployment Mode

• Cloud
• On-Premises

By End User

• Hotel
• Cruise
• Luxury Yatches
• Others

Regional Analysis

This section covers the regional outlook, which accentuates current and future demand for the Smart Hospitality market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

Global Smart Hospitality Market Share by Region (Representative Graph)

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the smart hospitality market include NEC (Japan), Huawei ( China), Schneider Electric (France), Cisco (US), IBM (US), Honeywell (US), Legrand (France), Siemens AG (Germany), Oracle (US), Johnson Controls (Ireland), Samsung (South Korea), Infor (US), Leviton (US), Sabre (US), Springler-Miller Systems (US), Control4 (US), Global Business Solutions (Saudi Arabia), Wisuite (US), Qualsoft Systems (India), Hospitality Network (US), Guestline (UK), Cloudbeds (US), Frontdesk Anywhere (US), Chris Lewis Group (UK), Xie Zhu (China), BuildingIQ (US), Stayntouch (US). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.