Smart Hospitality Market eexpected to hit US$ 109.46 billion by 2030 - Business Market Insights

The smart hospitality market crossed US$ 12.97 billion mark in 2022 and is expected to hit US$ 109.46 billion by 2030, recording a CAGR of 30.6% during the forecast period.

Smart hospitality market has been growing dramatically with the increased use of advanced hospitality solutions across hotels. The primary factor driving the demand for smart hospitality solutions and services is anticipated to continue to be the growing need for real-time, enhanced guest experience management. Additionally, since hotel operations technology has advanced over time, smart hospitality assists in producing appealing revenue growth at minimal operational expenses. The development of IoT because of technological advancements also made it possible for electronic devices to communicate information without human assistance, making the hotel industry smarter.

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Within the report, the smart hospitality market is segmented into component, deployment, end user, and geography. By component, the smart hospitality market is further segmented into solutions and services. The solution segment is further segmented into property management systems, guest experience management systems, point of sale software, facility management systems, and others. Based on deployment, the smart hospitality market is divided into on-premises and cloud-based. By end user, the smart hospitality market is categorized into hotels, cruises, luxury yachts, and others. Geographically, the smart hospitality market is sub-segmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Major key players covered in this Smart Hospitality Market report:

NEC Corporation
Huawei Technologies Co. Ltd
IBM
Cisco
Schneider Electric

Component:
Solutions
Property Management System
Guest Experience Management System
Point of Sale Software
Facility Management System
Others
Services

Deployment:
On-premises
Cloud-based

End User:
Hotels
Cruises
Luxury Yachts
Others

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Smart Hospitality Market: Competitive Landscape
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, during the forecast period of 2022 to 2030.

Major Key Points of Smart Hospitality Market
• Smart Hospitality Market Overview
• Smart Hospitality Market Competition
• Smart Hospitality Market, Revenue and Price Trend
• Smart Hospitality Market Analysis by Application
• Company Profiles and Key Figures in Smart Hospitality Market
• Market Dynamics
• Methodology and Data Source

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Leading market players and manufacturers are studied to help give a brief idea about them in the report. The challenges faced by them and the reasons they are on that position is explained to help make a well informed decision. Competitive landscape Smart Hospitality Market is given presenting detailed insights into the company profiles, developments, merges, acquisitions, economic status and best SWOT analysis.

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