Report Outlook
Market Size | CAGR | Dominating Region |
---|---|---|
USD 83.40 Billion by 2030 | 25.4% | Asia Pacific |
by Deployment Model | by Type | by Component | by Region |
---|---|---|---|
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SCOPE OF THE REPORT
Market Overview
The global Smart Hospitality market is anticipated to grow from USD 17.1 Billion in 2023 to USD 83.40 Billion by 2030, at a CAGR of 25.4 % during the forecast period.
Smart hospitality refers to the use of modern technology and data-driven solutions to improve the entire visitor experience in the hotel business. It entails the use of smart technologies, automation, and data analytics to optimize many elements of a guest’s stay, from booking and check-in to in-room amenities and services. Smart hospitality examples include keyless room admission via mobile applications, personalized suggestions based on visitor preferences, energy-efficient room controls, and real-time feedback systems enabling guests to convey their wants or problems. The purpose of smart hospitality is to enhance operational efficiency, boost visitor pleasure, and deliver a smooth and convenient experience, which will lead to increased consumer loyalty and great ratings. Hotels utilize data analytics to learn about their guests’ tastes so that they can provide personalized services and suggestions. This might include customized rooms, restaurant recommendations, or extra amenities based on prior visits.
Importance of smart hospitality includes in-room automation in the context of smart hospitality involves the use of advanced technologies to allow guests to have greater control over their room environment and improve energy efficiency. Hotel operations are simplified with smart hospitality technologies. They automate manual duties like as check-in, housekeeping coordination, and repair requests. Hotels can more efficiently deploy resources and respond to guest requirements in real time thanks to automation and data analytics. Significant energy savings may be achieved through in-room automation and smart building technologies. Hotels lower their environmental impact and operating expenses by automatically changing heating, cooling, and lighting based on occupancy. This corresponds with sustainability goals and legal constraints.
Tourism growth, increasing hotel building investment, and an increase in demand for real-time optimum guest experience management are propelling the sector ahead. Furthermore, the increasing global use of sophisticated technology such as IOT and energy management systems is fueling the expansion of the smart hotel business. However, high installation, maintenance, and training expenses, as well as data security and information sharing issues, are restricting the market’s growth. Alternatively, developing 5G to overhaul the smart hotel sector is likely to provide up many opportunities for market growth during the forecast period. Data acquired by smart hospitality systems may be analyzed to provide insights into visitor preferences and behaviors. This information is crucial in adjusting services, marketing, and operational strategies to efficiently match visitor requests. While there may be some early expenditures, the long-term cost reductions can be considerable. Efficiency enhancements, lower energy use, and optimized personnel all contribute to total cost reductions.
ATTRIBUTE | DETAILS |
Study period | 2020-2030 |
Base year | 2022 |
Estimated year | 2023 |
Forecasted year | 2023-2030 |
Historical period | 2019-2021 |
Unit | Value (USD Billion) |
Segmentation | By Deployment model, By Type, By Component and By Region |
By Deployment model | On-Premise
Cloud |
By Type | Business Hotels
Heritage and Boutique Hotels Resorts and Spas Others |
By Component | Solution
Service |
By Region
 |
North America
Asia Pacific Europe South America Middle East Asia & Africa |
Smart Hospitality Market Segmentation Analysis
The global Smart Hospitality market is divided into 4 segments by deployment model, type, component, and region. By deployment model, the market is bifurcated into On-Premise and Cloud.By type, Business Hotels, Heritage and Boutique Hotels, Resorts and Spas, Others. By component, the market is bifurcated into Solution and Services.
Based on Deployment method is a vital option in the implementation of smart hospitality systems, and it has a considerable influence on how hotels manage and use these technologies. On-premises implementation means that the smart hospitality solutions are housed and operated on the hotel’s physical grounds. This technique gives hotels a great level of control and flexibility over the systems, allowing them to design solutions to their individual needs. However, it frequently necessitates a considerable initial investment in infrastructure and hardware. On-premises implementation provides total control over the systems, allowing for personalized customization to meet specific requirements. This degree of management is especially useful for larger hotels with complicated operations that may necessitate a more personalized approach. However, keep in mind that on-premises implementation often necessitates a larger initial investment in infrastructure, servers, and IT professionals for upkeep. Cloud-based deployment, on the other hand, entails hosting these systems on the cloud, which is accessible over the internet. This mode has various benefits, including scalability, cost-effectiveness, and the ability to remotely access the systems from anywhere with an internet connection. It relieves hotels of the burden of managing and maintaining on-site servers and hardware. This deployment strategy is ideal for smaller hotels or those seeking more adaptable, cost-effective solutions. It also makes it easy to upgrade and improve the smart hospitality systems, ensuring that they are always up to current and in sync with the newest technology breakthroughs. Finally, the hotel’s specific needs, resources, and preferences determine the decision between on-premises and cloud-based implementation .Cloud-based deployment allows for greater flexibility and accessibility. These solutions are remotely hosted, which eliminates the requirement for on-site servers and infrastructure. This strategy is frequently more cost-effective, particularly for smaller hotels, because it decreases initial capital outlay. It also allows for scalability, which makes it simpler to respond to changing demands. Furthermore, cloud-based solutions provide remote access, allowing hotel workers to control and monitor operations from any place, which is very useful for multi-location hotel chains.
Smart occupancy sensors will enable business hotels to deliver menu alerts to guests’ mobile phones when it is most convenient for them, such as while they are in their rooms. These notifications might potentially contain personalized suggestions based on prior orders. Many home food-delivery apps already offer a similar feature, sending push alerts to frequent customers at their preferred ordering times on their favorite days. Such services are frequent in business hotels since their clientele seek ease. Because of an increase in visitor demand for convenience features, the need for smart hospitality in business hotels is predicted to grow through 2027.The smart hospitality market by hotel type comprises categorizing the market based on the nature and class of lodging places. These divisions aid in the identification of unique trends, needs, and goals within various hotel categories. This segment includes upscale and premium hotels known for offering luxurious accommodations and high-quality services. Smart hospitality solutions for these hotels often focus on providing a superior and personalized guest experience. Technologies may include advanced in-room automation, personalized recommendations, and concierge services. Mid-range hotels and boutique businesses appeal to travelers looking for one-of-a-kind and charming experiences. Smart solutions in this area frequently try to find a compromise between cost-effectiveness and guest comfort. They may use simple smart technology to improve client happiness without incurring large expenses. Resorts are well known for providing a wide range of facilities such as spas, restaurants, and recreational activities.
This segment’s smart solutions are aimed at improving visitor experiences, controlling various services, and optimizing energy consumption. Spa bookings, activity scheduling, and energy-efficient temperature control are a few examples. Each hotel type has distinct needs and goals. Luxury hotels may focus on providing sophisticated and personalized smart services to preserve their reputation, whilst mid-range and budget hotels may emphasize cost-effectiveness and simplified operations. Resorts and spas require complete solutions to handle varied facilities and respond to varying visitor preferences.
Smart Hospitality Market Dynamics
Driver
Increasing need for guest-centric, hyper connected customization and real-time optimal experiences will boost the market.
The increased need for guest-oriented, hyper connected personalization, and real-time optimized experiences is a crucial driver for the smart hospitality business. This motive is anchored in modern travelers’ growing expectations and their demand for a seamless and personalized experience. Today’s travelers want more than simply a place to stay; they want to have unique and personalized experiences when staying at a hotel. With the growth of smartphones and IOT (Internet of Things) devices, visitors want to stay connected, manage their environment, and easily access hotel services. Smart hospitality solutions meet these expectations by allowing customers to use digital platforms to customize their room settings, request services, and connect with hotel employees. Furthermore, the demand for real-time optimization is intimately linked to this development. Guests want their experiences to be constantly updated and optimized based on their real-time interactions and feedback. Smart hospitality systems allow hotels to collect data on visitor behavior and preferences, allowing on-the-fly modifications to improve the guest experience. For example, if a guest wants a colder room temperature, the system may adjust the thermostat automatically. This trend is pushing hotels to implement smart hospitality technology in order to meet and surpass visitor expectations. As a result, the market for these solutions is expanding fast, with hotels eager to invest in digital amenities and services that improve visitor pleasure and loyalty. Hotels may differentiate themselves in a competitive business by offering hyper connected customization and real-time optimization.
Restraint
High implementation, maintenance, and training cost hampers the market growth.
Smart hospitality systems, such as Property Management Systems (PMS), Guest Experience Management Systems (GEMS), and so on, have a significant initial cost for installation, whether on-premises or in the cloud. Because the hospitality sector is still recuperating from massive financial losses caused by the pandemic, deploying a smart hospitality solution might be difficult for any hotel owing to budget restrictions. The majority of hotels with existing smart hospitality technologies were expensive to maintain. However, the cost of deployment is typically connected with the complexity of integration for a certain application. Property management systems have a simple pricing structure mostly except for a few additional costs like add-on modules, training costs, access to APIs. In addition to the monthly price structure, a commission percentage on direct new reservations, maintenance and setup costs, and an interface fee for third party connections may be levied at times. Pay-per-room is the most common model for hotel management software. A greater number of rooms results in a higher price per tier. Some solution providers may charge a one-time setup cost as well. Tiered models can overlap with pay-per-room models, however most tier-based models contain a room range rather than a specific number that influences cost. Tier-based subscription models contain a room range and are subscription-based.
Opportunities
5G evolution is shaping the future of the smart hospitality sector.
The growth of 5G technology opens up a plethora of interesting potential to improve the smart hotel business. With its ultra-fast, low-latency, and high-capacity capabilities, 5G has the potential to transform the visitor experience and hotel operations. For starters, it provides smooth and speedy connectivity, allowing visitors to enjoy lightning-fast internet rates for high-definition streaming, augmented reality (AR), and virtual reality (VR) apps. This opens the door to immersive in-room entertainment and interactive activities. Additionally, 5G improves hotel Internet of Things (IOT) infrastructure. From thermostats to security systems, smart gadgets can connect and respond in real time, increasing energy efficiency and overall visitor comfort. Furthermore, 5G enables real-time data analytics, allowing hotels to obtain a greater understanding of their guests’ preferences, behavior, and demands. This data-driven strategy allows hotels to provide hyper-personalized services ranging from room modification to personalized suggestions. the evolution of 5G technology offers a host of opportunities for the smart hospitality industry, from improved guest experiences and operational efficiency to the integration of emerging technologies. As hotels continue to embrace 5G connectivity, they can deliver on the promise of a truly smart, hyper connected, and responsive guest experience.
Smart Hospitality Market Trends
- The Internet of Things (IOT) has gained traction in the hotel industry. Hotels are rapidly incorporating IOT devices to automate room controls, monitor energy consumption, and improve guest experiences through personalized services.
- AI-powered Chabot and virtual assistants are becoming increasingly widespread in hotels. They answer visitor questions, provide recommendations, and help with room service orders, increasing efficiency and guest pleasure.
- Guests expect extremely personalized experiences. Hotels employ data analytics and client preferences to provide personalized services ranging from room amenities to restaurant suggestions.
- Many hotels are introducing environmentally friendly practices and technologies in order to minimize energy consumption, trash, and water usage. Resource use is monitored and optimized using smart systems.
- Block chain technology is being investigated for use in safe visitor identification verification, payment processing, and data protection, with the goal of assuring the privacy and security of guest information.
- Robots are being used to provide efficiency and frictionless interactions in duties such as room service delivery, cleaning, and concierge services.
Competitive Landscape
The competitive landscape in the smart hospitality market is dynamic and evolving, driven by factors such as technological advancements, healthcare infrastructure development. Key players in this market include established manufacturers, emerging companies, and niche players, each striving to gain a competitive edge.
- BuildingIQ
- Cisco Systems
- Cloudbeds
- Control4Corporation
- Frontdesk
- Guestline
- Honeywell International
- Huawei Technologies
- IBM Corporation
- Infor
- Johnson Controls
- NEC Corporation
- Oracle Corporation
- Qualsoft Systems Pvt. Ltd.
- SAMSUNG
- Schneider Electric
- Siemens AG
- Winhotel Solution SL
- WiSuite
Recent Developments:
- September 13, 2023:Honeywell today announced that American Battery Factory (ABF), a Lithium Iron Phosphate (LFP) battery cell manufacturer, is fully integrating Honeywell’s automation and process safety solutions in its new gig factory located in Tucson, Ariz.
- September 11, 2023: Swedish electric airplane maker Heart Aerospace and Honeywell, a leader in aerospace technology, have announced a collaboration to integrate Honeywell’s next-generation flight control system into the new ES-30 regional electric airplane.
- Orient Jakarta and Oracle collaborated in May 2022 to develop the property management system. Due to travel restrictions, the solution helped them increase their online visibility in the COVID-19 scenario and trained workers online using Oracle Digital Learning technologies.
- January 2022: Johnson Controls purchased Foghorn, a developer of Edge AI technologies. This integration will assist to speed the healthy building movement in order to construct sustainable, efficient, and completely autonomous spaces.
Regional Analysis
Based on region, the global smart hospitality management market is segmented into North America, Europe, Latin America, Asia Pacific, and Middle East and Africa. North America accounted for the highest share of the smart hospitality management market in 2018 and is likely to maintain its dominance during the forecast period. Major hotels in the United States and Canada have already used smart hospitality management systems to boost client engagement. Furthermore, rising use of smart technologies such as automation, artificial intelligence, and others by major hotel operators in this area is fueling growth in the North American smart hospitality management market. For example, in 2018, the Marriott International Group began offering Amazon’s Alexa for hospitality solutions to their clients in certain hotels. Using Amazon’s Alexa, hotel customers may play music, order meals, regulate in-room temperature or lighting, phone, and even checkout with their voice command.
Europe dominates the global market because to technical advancements, excellent internet infrastructure, and a proclivity for IOT. The smart hospitality industry is predicted to expand as demand for improved operational efficiency at a reasonable cost develops. The APAC areas are expected to develop at a faster rate due to their capacity to manage outsourced solutions and a large number of contact centers. Asia-Pacific is predicted to have the fastest revenue growth rate over the projection period. Factors such as increased investments in the hospitality sector and the growing need for sustainable technology for energy usage in hotels are largely driving revenue growth in this region. For example, on September 21, 2022, Accor is striving to create a more sustainable future for the hospitality sector, since just 7% of travel industry organizations have a net-zero carbon strategy in place and are taking proactive actions to have a good influence on the environment and our communities. Accor has taken the effort to give unwanted food products and purchase food locally or through short food supply chains, and the brand’s community-based hotels offer repair workshops and resale events.
Target Audience for Smart Hospitality Market
- Real Estate Developers
- Hospitality Associations
- Hospitality Management and Operations Teams
- Organizations
- Intensive Care Unit (ICU) Staff
- Investors and Financial Institutions
- Guests and Travelers
- Government and Regulatory Bodies
- Technology Startups and Innovators
- Tourism and Travel Industry Professionals
- Architects and Designers
- Business Travelers
- Spa and Wellness Services
- IT and Technology Teams
Import & Export Data For Smart Hospitality Market
Exactitude consultancy provides import and export data for the recent years. It also offers insights on production and consumption volume of the product. Understanding the import and export data is pivotal for any player in the Smart Hospitality Market. This knowledge equips businesses with strategic advantages, such as:
- Identifying emerging markets with untapped potential.
- Adapting supply chain strategies to optimize cost-efficiency and market responsiveness.
- Navigating competition by assessing major players’ trade dynamics.
Segments Covered in the Smart Hospitality Market Report
Smart Hospitality Market by Deployment model
- On-Premise
- Cloud
Smart Hospitality Market by Type
- Business Hotels
- Heritage and Boutique Hotels
- Resorts and Spas
- Others
Smart Hospitality Market by Component
- Solution
- Service
Smart Hospitality Market by Region
- North America
- Europe
- Asia Pacific
- South America
- Middle East and Africa
Key Question Answered
- What is the expected growth rate of the smart hospitality market over the next 7 years?
- Who are the major players in the smart hospitality market and what is their market share?
- What are the end-user industries driving market demand and what is their outlook?
- What are the opportunities for growth in emerging markets such as Asia-pacific, the middle east, and Africa?
- How is the economic environment affecting the smart hospitality market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the smart hospitality market?
- What is the current and forecasted size and growth rate of the global cleanroom wipes market?
- What are the key drivers of growth in the smart hospitality market?
- Who are the major players in the market and what is their market share?
- What are the distribution channels and supply chain dynamics in the smart hospitality market?
- What are the technological advancements and innovations in the smart hospitality market and their impact on product development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the smart hospitality market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the smart hospitality market?
- What are the product products and specifications of leading players in the market?
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- SMART HOSPITALITY MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON MEDICAL PENDANT MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- SMART HOSPITALITY MARKET OUTLOOK
- GLOBAL SMART HOSPITALITY MARKET BY DEPLOYMENT MODEL , 2020-2030, (USD BILLION)
- ON-PREMISE
- CLOUD
- GLOBAL MEDICAL PENDANT MARKET BY TYPE, 2020-2030, (USD BILLION)
- BUSINESS HOTELS
- HERITAGE AND BOUTIQUE HOTELS
- RESORTS AND SPAS
- OTHERS
- GLOBAL MEDICAL PENDANT MARKET BY COMPONENT, 2020-2030, (USD BILLION)
- SOLUTION
- SERVICE
- GLOBAL MEDICAL PENDANT MARKET BY REGION, 2020-2030, (USD BILLION)
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES*(BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
- BUILDINGIQ
- CISCO SYSTEMS
- CLOUDBEDS
- CONTROL4CORPORATION
- FRONTDESK
- GUESTLINE
- HONEYWELL INTERNATIONAL
- HUAWEI TECHNOLOGIES
- IBM CORPORATION
- INFOR
- JOHNSON CONTROLS
- NEC CORPORATION
- ORACLE CORPORATION
- QUALSOFT SYSTEMS PVT. LTD.
- SAMSUNG
- SCHNEIDER ELECTRIC
- SIEMENS AG
- WINHOTEL SOLUTION SL
- WISUITE
*THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1Â Â Â Â Â GLOBAL SMART HOSPITALITY MARKET BY DEPLOYMENT MODEL (USD BILLION) 2020-2030
TABLE 2Â Â Â Â Â GLOBAL SMART HOSPITALITY MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 3Â Â Â Â Â GLOBAL SMART HOSPITALITY MARKET BY COMPONENT (USD BILLION) 2020-2030
TABLE 4Â Â Â Â Â GLOBAL SMART HOSPITALITY MARKET BY REGION (USD BILLION) 2020-2030
TABLE 5Â Â Â Â Â NORTH AMERICA SMART HOSPITALITY MARKET BY COUNTRY (USD BILLION) 2020-2030
TABLE 6Â Â Â Â Â NORTH AMERICA SMART HOSPITALITY MARKET BY DEPLOYMENT MODEL (USD BILLION) 2020-2030
TABLE 7Â Â Â Â Â NORTH AMERICA SMART HOSPITALITY MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 8Â Â Â Â Â NORTH AMERICA SMART HOSPITALITY MARKET BY COMPONENT (USD BILLION) 2020-2030
TABLE 9Â Â Â Â Â US SMART HOSPITALITY MARKET BY DEPLOYMENT MODEL (USD BILLION) 2020-2030
TABLE 10Â Â Â US SMART HOSPITALITY MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 11Â Â Â US SMART HOSPITALITY MARKET BY COMPONENT (USD BILLION) 2020-2030
TABLE 12Â Â Â CANADA SMART HOSPITALITY MARKET BY DEPLOYMENT MODEL (USD BILLION) 2020-2030
TABLE 13Â Â Â CANADA SMART HOSPITALITY MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 14Â Â Â CANADA SMART HOSPITALITY MARKET BY COMPONENT (USD BILLION) 2020-2030
TABLE 15Â Â Â MEXICO SMART HOSPITALITY MARKET BY DEPLOYMENT MODEL (USD BILLION) 2020-2030
TABLE 16Â Â Â MEXICO SMART HOSPITALITY MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 17Â Â Â MEXICO SMART HOSPITALITY MARKET BY COMPONENT (USD BILLION) 2020-2030
TABLE 18Â Â Â SOUTH AMERICA SMART HOSPITALITY MARKET BY COUNTRY (USD BILLION) 2020-2030
TABLE 19Â Â Â SOUTH AMERICA SMART HOSPITALITY MARKET BY DEPLOYMENT MODEL (USD BILLION) 2020-2030
TABLE 20Â Â Â SOUTH AMERICA SMART HOSPITALITY MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 21Â Â Â SOUTH AMERICA SMART HOSPITALITY MARKET BY COMPONENT (USD BILLION) 2020-2030
TABLE 22Â Â Â BRAZIL SMART HOSPITALITY MARKET BY DEPLOYMENT MODEL (USD BILLION) 2020-2030
TABLE 23Â Â Â BRAZIL SMART HOSPITALITY MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 24Â Â Â BRAZIL SMART HOSPITALITY MARKET BY COMPONENT (USD BILLION) 2020-2030
TABLE 25Â Â Â ARGENTINA SMART HOSPITALITY MARKET BY DEPLOYMENT MODEL (USD BILLION) 2020-2030
TABLE 26Â Â Â ARGENTINA SMART HOSPITALITY MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 27Â Â Â ARGENTINA SMART HOSPITALITY MARKET BY COMPONENT (USD BILLION) 2020-2030
TABLE 28Â Â Â COLOMBIA SMART HOSPITALITY MARKET BY DEPLOYMENT MODEL (USD BILLION) 2020-2030
TABLE 29Â Â Â COLOMBIA SMART HOSPITALITY MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 30Â Â Â COLOMBIA SMART HOSPITALITY MARKET BY COMPONENT (USD BILLION) 2020-2030
TABLE 31Â Â Â REST OF SOUTH AMERICA SMART HOSPITALITY MARKET BY DEPLOYMENT MODEL (USD BILLION) 2020-2030
TABLE 32Â Â Â REST OF SOUTH AMERICA SMART HOSPITALITY MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 33Â Â Â REST OF SOUTH AMERICA SMART HOSPITALITY MARKET BY COMPONENT (USD BILLION) 2020-2030
TABLE 34Â Â Â ASIA-PACIFIC SMART HOSPITALITY MARKET BY COUNTRY (USD BILLION) 2020-2030
TABLE 35Â Â Â ASIA-PACIFIC SMART HOSPITALITY MARKET BY DEPLOYMENT MODEL (USD BILLION) 2020-2030
TABLE 36Â Â Â ASIA-PACIFIC SMART HOSPITALITY MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 37Â Â Â ASIA-PACIFIC SMART HOSPITALITY MARKET BY COMPONENT (USD BILLION) 2020-2030
TABLE 38Â Â Â INDIA SMART HOSPITALITY MARKET BY DEPLOYMENT MODEL (USD BILLION) 2020-2030
TABLE 39Â Â Â INDIA SMART HOSPITALITY MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 40Â Â Â INDIA SMART HOSPITALITY MARKET BY COMPONENT (USD BILLION) 2020-2030
TABLE 41Â Â Â CHINA SMART HOSPITALITY MARKET BY DEPLOYMENT MODEL (USD BILLION) 2020-2030
TABLE 42Â Â Â CHINA SMART HOSPITALITY MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 43Â Â Â CHINA SMART HOSPITALITY MARKET BY COMPONENT (USD BILLION) 2020-2030
TABLE 44Â Â Â JAPAN SMART HOSPITALITY MARKET BY DEPLOYMENT MODEL (USD BILLION) 2020-2030
TABLE 45Â Â Â JAPAN SMART HOSPITALITY MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 46Â Â Â JAPAN SMART HOSPITALITY MARKET BY COMPONENT (USD BILLION) 2020-2030
TABLE 47Â Â Â SOUTH KOREA SMART HOSPITALITY MARKET BY DEPLOYMENT MODEL (USD BILLION) 2020-2030
TABLE 48Â Â Â SOUTH KOREA SMART HOSPITALITY MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 49Â Â Â SOUTH KOREA SMART HOSPITALITY MARKET BY COMPONENT (USD BILLION) 2020-2030
TABLE 50Â Â Â AUSTRALIA SMART HOSPITALITY MARKET BY DEPLOYMENT MODEL (USD BILLION) 2020-2030
TABLE 51Â Â Â AUSTRALIA SMART HOSPITALITY MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 52Â Â Â AUSTRALIA SMART HOSPITALITY MARKET BY COMPONENT (USD BILLION) 2020-2030
TABLE 53Â Â Â SOUTH-EAST ASIA SMART HOSPITALITY MARKET BY DEPLOYMENT MODEL (USD BILLION) 2020-2030
TABLE 54Â Â Â SOUTH-EAST ASIA SMART HOSPITALITY MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 55Â Â Â SOUTH-EAST ASIA SMART HOSPITALITY MARKET BY COMPONENT (USD BILLION) 2020-2030
TABLE 56Â Â Â REST OF ASIA PACIFIC SMART HOSPITALITY MARKET BY DEPLOYMENT MODEL (USD BILLION) 2020-2030
TABLE 57Â Â Â REST OF ASIA PACIFIC SMART HOSPITALITY MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 58Â Â Â REST OF ASIA PACIFIC SMART HOSPITALITY MARKET BY COMPONENT (USD BILLION) 2020-2030
TABLE 59Â Â Â EUROPE SMART HOSPITALITY MARKET BY COUNTRY (USD BILLION) 2020-2030
TABLE 60Â Â Â EUROPE SMART HOSPITALITY MARKET BY DEPLOYMENT MODEL (USD BILLION) 2020-2030
TABLE 61Â Â Â EUROPE SMART HOSPITALITY MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 62Â Â Â EUROPE SMART HOSPITALITY MARKET BY COMPONENT (USD BILLION) 2020-2030
TABLE 63Â Â Â GERMANY SMART HOSPITALITY MARKET BY DEPLOYMENT MODEL (USD BILLION) 2020-2030
TABLE 64Â Â Â GERMANY SMART HOSPITALITY MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 65Â Â Â GERMANY SMART HOSPITALITY MARKET BY COMPONENT (USD BILLION) 2020-2030
TABLE 66Â Â Â UK SMART HOSPITALITY MARKET BY DEPLOYMENT MODEL (USD BILLION) 2020-2030
TABLE 67Â Â Â UK SMART HOSPITALITY MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 68Â Â Â UK SMART HOSPITALITY MARKET BY COMPONENT (USD BILLION) 2020-2030
TABLE 69Â Â Â FRANCE SMART HOSPITALITY MARKET BY DEPLOYMENT MODEL (USD BILLION) 2020-2030
TABLE 70Â Â Â FRANCE SMART HOSPITALITY MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 71Â Â Â FRANCE SMART HOSPITALITY MARKET BY COMPONENT (USD BILLION) 2020-2030
TABLE 72Â Â Â ITALY SMART HOSPITALITY MARKET BY DEPLOYMENT MODEL (USD BILLION) 2020-2030
TABLE 73Â Â Â ITALY SMART HOSPITALITY MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 74Â Â Â ITALY SMART HOSPITALITY MARKET BY COMPONENT (USD BILLION) 2020-2030
TABLE 75Â Â Â SPAIN SMART HOSPITALITY MARKET BY DEPLOYMENT MODEL (USD BILLION) 2020-2030
TABLE 76Â Â Â SPAIN SMART HOSPITALITY MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 77Â Â Â SPAIN SMART HOSPITALITY MARKET BY COMPONENT (USD BILLION) 2020-2030
TABLE 78Â Â Â RUSSIA SMART HOSPITALITY MARKET BY DEPLOYMENT MODEL (USD BILLION) 2020-2030
TABLE 79Â Â Â RUSSIA SMART HOSPITALITY MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 80Â Â Â RUSSIA SMART HOSPITALITY MARKET BY COMPONENT (USD BILLION) 2020-2030
TABLE 81Â Â Â REST OF EUROPE SMART HOSPITALITY MARKET BY DEPLOYMENT MODEL (USD BILLION) 2020-2030
TABLE 82Â Â Â REST OF EUROPE SMART HOSPITALITY MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 83Â Â Â REST OF EUROPE SMART HOSPITALITY MARKET BY COMPONENT (USD BILLION) 2020-2030
TABLE 84Â Â Â MIDDLE EAST AND AFRICA SMART HOSPITALITY MARKET BY COUNTRY (USD BILLION) 2020-2030
TABLE 85Â Â Â MIDDLE EAST AND AFRICA SMART HOSPITALITY MARKET BY DEPLOYMENT MODEL (USD BILLION) 2020-2030
TABLE 86Â Â Â MIDDLE EAST AND AFRICA SMART HOSPITALITY MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 87Â Â Â MIDDLE EAST AND AFRICA SMART HOSPITALITY MARKET BY COMPONENT (USD BILLION) 2020-2030
TABLE 88Â Â Â UAE SMART HOSPITALITY MARKET BY DEPLOYMENT MODEL (USD BILLION) 2020-2030
TABLE 89Â Â Â UAE SMART HOSPITALITY MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 90Â Â Â UAE SMART HOSPITALITY MARKET BY COMPONENT (USD BILLION) 2020-2030
TABLE 91Â Â Â SAUDI ARABIA SMART HOSPITALITY MARKET BY DEPLOYMENT MODEL (USD BILLION) 2020-2030
TABLE 92Â Â Â SAUDI ARABIA SMART HOSPITALITY MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 93Â Â Â SAUDI ARABIA SMART HOSPITALITY MARKET BY COMPONENT (USD BILLION) 2020-2030
TABLE 94Â Â Â SOUTH AFRICA SMART HOSPITALITY MARKET BY DEPLOYMENT MODEL (USD BILLION) 2020-2030
TABLE 95Â Â Â SOUTH AFRICA SMART HOSPITALITY MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 96Â Â Â SOUTH AFRICA SMART HOSPITALITY MARKET BY COMPONENT (USD BILLION) 2020-2030
TABLE 97Â Â Â REST OF MIDDLE EAST AND AFRICA SMART HOSPITALITY MARKET BY DEPLOYMENT MODEL (USD BILLION) 2020-2030
TABLE 98Â Â Â REST OF MIDDLE EAST AND AFRICA SMART HOSPITALITY MARKET BY TYPE (USD BILLION) 2020-2030
TABLE 99Â Â Â REST OF MIDDLE EAST AND AFRICA SMART HOSPITALITY MARKET BY COMPONENT (USD BILLION) 2020-
LIST OF FIGURES
FIGURE 1Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET DYNAMICS
FIGURE 2Â Â Â Â Â Â Â Â Â Â Â Â Â MARKET SEGMENTATION
FIGURE 3Â Â Â Â Â Â Â Â Â Â Â Â Â REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4Â Â Â Â Â Â Â Â Â Â Â Â Â DATA TRIANGULATION
FIGURE 5Â Â Â Â Â Â Â Â Â Â Â Â Â BOTTOM-UP APPROACH
FIGURE 6Â Â Â Â Â Â Â Â Â Â Â Â Â TOP-DOWN APPROACH
FIGURE 7Â Â Â Â Â Â Â Â Â Â Â Â Â RESEARCH FLOW
FIGURE 8Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SMART HOSPITALITY MARKET BY DEPLOYMENT MODEL, USD BILLION, 2020-2030
FIGURE 9Â Â Â Â Â Â Â Â Â Â Â Â Â GLOBAL SMART HOSPITALITY MARKET BY TYPE, USD BILLION, 2020-2030
FIGURE 10Â Â Â Â Â Â Â Â Â Â GLOBAL SMART HOSPITALITY MARKET BY COMPONENT, USD BILLION, 2020-2030
FIGURE 11Â Â Â Â Â Â Â Â Â Â GLOBAL SMART HOSPITALITY MARKET BY REGION, USD BILLION, 2020-2030
FIGURE 12          PORTER’S FIVE FORCES MODEL
FIGURE 13Â Â Â Â Â Â Â Â Â Â GLOBAL SMART HOSPITALITY MARKET BY DEPLOYMENT MODEL, 2022
FIGURE 14Â Â Â Â Â Â Â Â Â Â GLOBAL SMART HOSPITALITY MARKET BY TYPE 2022
FIGURE 15Â Â Â Â Â Â Â Â Â Â GLOBAL SMART HOSPITALITY MARKET BY COMPONENT 2022
FIGURE 16Â Â Â Â Â Â Â Â Â Â SMART HOSPITALITY MARKET BY REGION 2022
FIGURE 17Â Â Â Â Â Â Â Â Â Â MARKET SHARE ANALYSIS
FIGURE 18Â Â Â Â Â Â Â Â Â Â BUILDINGIQ: COMPANY SNAPSHOT
FIGURE 19Â Â Â Â Â Â Â Â Â Â CISCO SYSTEMS: COMPANY SNAPSHOT
FIGURE 20Â Â Â Â Â Â Â Â Â Â CLOUDBEDS: COMPANY SNAPSHOT
FIGURE 21Â Â Â Â Â Â Â Â Â Â CONTROL4CORPORATION: COMPANY SNAPSHOT
FIGURE 22Â Â Â Â Â Â Â Â Â Â FRONTDESK: COMPANY SNAPSHOT
FIGURE 23Â Â Â Â Â Â Â Â Â Â GUESTLINE: COMPANY SNAPSHOT
FIGURE 24Â Â Â Â Â Â Â Â Â Â HONEYWELL INTERNATIONAL: COMPANY SNAPSHOT
FIGURE 25Â Â Â Â Â Â Â Â Â Â HUAWEI TECHNOLOGIES: COMPANY SNAPSHOT
FIGURE 26Â Â Â Â Â Â Â Â Â Â IBM CORPORATION: COMPANY SNAPSHOT
FIGURE 27Â Â Â Â Â Â Â Â Â Â INFOR: COMPANY SNAPSHOT
FIGURE 28Â Â Â Â Â Â Â Â Â Â JOHNSON CONTROLS: COMPANY SNAPSHOT
FIGURE 29Â Â Â Â Â Â Â Â Â Â NEC CORPORATION: COMPANY SNAPSHOT
FIGURE 30Â Â Â Â Â Â Â Â Â Â ORACLE CORPORATION: COMPANY SNAPSHOT
FIGURE 31Â Â Â Â Â Â Â Â Â Â QUALSOFT SYSTEMS PVT. LTD.: COMPANY SNAPSHOT
FIGURE 32Â Â Â Â Â Â Â Â Â Â SAMSUNG: COMPANY SNAPSHOT
FIGURE 33Â Â Â Â Â Â Â Â Â Â SCHNEIDER ELECTRIC: COMPANY SNAPSHOT
FIGURE 34Â Â Â Â Â Â Â Â Â Â SIEMENS AG: COMPANY SNAPSHOT
FIGURE 35Â Â Â Â Â Â Â Â Â Â WINHOTEL SOLUTION SL: COMPANY SNAPSHOT
FIGURE 36Â Â Â Â Â Â Â Â Â Â WISUITE: COMPANY SNAPSHOT
FAQ
The global Smart Hospitality market is anticipated to grow from USD 17.1 Billion in 2023 to USD 83.40 Billion by 2030, at a CAGR of 25.4 % during the forecast period.
North America accounted for the largest market in the Smart hospitality market. North America accounted for 37% market share of the global market value.
BuildingIQ, Cisco Systems, Cloudbeds, Control4Corporation, Frontdesk, Guestline, Honeywell International, Huawei Technologies, IBM Corporation, Infor, Johnson Controls, NEC Corporation, Oracle Corporation, Qualsoft Systems Pvt. Ltd.
Opportunities exist for deploying energy-efficient technology to decrease operating costs and environmental impact. Smart thermostats, lighting control, and energy management systems are in great demand.
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