Press release
Smart Hospitality Global Market Report 2025: Insights on Growing Trends, Key Players, and Driving Factors
Smart Hospitality Market Size
What Is The Projected Market Size Of The Global Smart Hospitality Market And Its Growth Rate?
• The smart hospitality market's size in 2024 was $23.2 billion and is estimated to grow to $29.65 billion in 2025 at a CAGR of 27.8%.
• The market is expected to reach $74.86 billion in 2029, with a projected CAGR of 26.1%.
• Driving factors for this growth include customer experience enhancement, operational efficiency, data analytics utilization, sustainability and energy efficiency, and evolving guest expectations.
What Is Driving The Growth In The Smart Hospitality Global Market?
Increased demand for smart IoT-based solutions is significantly driving the smart hospitality market. IoT has the potential to dramatically alter the functioning of hotels, cruise ships, casinos, restaurants, and other leisure services. Combined with user mobility and data analytics, IoT forms an innovative facet of hospitality where businesses capture data, engage with users, and automate processes to enhance guest experiences. With 16.6 billion connected IoT devices by 2023, and a projected 40 billion by 2030, the demand for smart IoT solutions in the hospitality sector is expected to soar, driving growth.
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Who Are the Key Players Driving Smart Hospitality Market Growth?
• Cisco Systems Inc.
• Honeywell International
• IBM Corporation
• Johnson Controls
• NEC Corporation
• Oracle Corporation
• Schneider Electric SE
• Siemens AG
• Infor
• Huawei Technologies
• Qualsoft Systems Pvt. Ltd.
• Samsung
• BuildingIQ
What Are The Key Trends In The Smart Hospitality Market?
Trends in the smart hospitality market include:
• IoT integration
• Adopting contactless technology
• Voice-controlled interfaces
• Enhanced sustainability measures
• Predictive maintenance
What Are The Segments Of The Global Smart Hospitality Market?
1) By Offering: Solution, Services
2) By Deployment Mode: Cloud, On-premises
3) By End User: Hotel, Cruise, Luxury Yachts, Other End-users
Which Region Leads The Smart Hospitality Market?
North America held the largest market share in the smart hospitality market in 2024.
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What Is Covered In The Smart Hospitality Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Smart Hospitality Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Smart Hospitality Market for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Smart Hospitality Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Smart Hospitality Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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