Quick Summary:
In an ever-evolving and varied hospitality landscape, staying informed on market shifts and innovation is vital. Our comprehensive Global Smart Hospitality Market research report provides an enriched perspective, with pivotal insights into this rapidly growing market.
Our thorough analysis gives a detailed evaluation of the market, forecasted to reach a value of $153.3 billion by 2030, from its current estimate at $33.3 billion in 2022. Moreover, key segments such as software and services are explored, which are projected to record significant growth rates by the end of the analysis period.
The report further highlights the market dynamics in powerful economies such as the U.S, predicted to be worth $9.9 billion in 2022, and China, expected to grow at a CAGR of 20.4%, reaching $26.4 billion by 2030. Factors shaping these markets, technological advancements, and the competitive landscape are expertly delineated, featuring key contenders such as Huawei, IBM, and Oracle.
Our report promises to be instrumental for readers to understand the complexity of the Smart Hospitality market and navigate their strategic planning effectively. Don't miss out on this valuable resource.
Global Smart Hospitality Market to Reach $153.3 Billion by 2030
The global market for Smart Hospitality estimated at US$33.3 Billion in the year 2022, is projected to reach a revised size of US$153.3 Billion by 2030, growing at a CAGR of 21% over the analysis period 2022-2030. Software, one of the segments analyzed in the report, is projected to record 19.4% CAGR and reach US$91 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 23.8% CAGR for the next 8-year period.The U.S. Market is Estimated at $9.9 Billion, While China is Forecast to Grow at 20.4% CAGR
The Smart Hospitality market in the U.S. is estimated at US$9.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$26.4 Billion by the year 2030 trailing a CAGR of 20.4% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.2% and 17% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 12.9% CAGR.Select Competitors (Total 33 Featured) -
- Blazon Hotels
- BuildingIQ
- Cisco
- Cloudbeds
- Control4Corporation
- Frontdesk
- Guestline
- Honeywell International Inc.
- Huawei Technologies Co. Ltd.
- IBM Corporation
- Infor
- Johnson Controls
- NEC Corporation
- Oracle
- Qualsoft Systems Pvt. Ltd.
- Samsung
- Schneider Electric
- Siemens
- Winhotel Solution SL
- WiSuite
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its 'bumpy' reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
What is the estimated value of the Global Market for Smart Hospitality?
What is the growth rate of the Global Market for Smart Hospitality?
What is the forecasted size of the Global Market for Smart Hospitality?
Who are the key companies in the Global Market for Smart Hospitality?
Report Attribute | Details |
---|---|
No. of Pages | 89 |
Published | December 2023 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 33.3 Billion |
Forecasted Market Value ( USD | $ 153.3 Billion |
Compound Annual Growth Rate | 21.0% |
Regions Covered | Global |
Table of Contents
Companies Mentioned
A selection of companies mentioned in this report includes:
- Blazon Hotels
- BuildingIQ
- Cisco
- Cloudbeds
- Control4Corporation
- Frontdesk
- Guestline
- Honeywell International Inc.
- Huawei Technologies Co. Ltd.
- IBM Corporation
- Infor
- Johnson Controls
- NEC Corporation
- Oracle
- Qualsoft Systems Pvt. Ltd.
- Samsung
- Schneider Electric
- Siemens
- Winhotel Solution SL
- WiSuite