Smart Hospitality Global Market Report 2023
Market Size, Trends and Global Forecast 2023-2032
Smart Hospitality Market Definition
The smart hospitality market refers to hospitality services in which smart electronic devices powered by the Internet of Things (IoT), automation, and artificial intelligence are used to control various functions and activities. It allows users to handle and control multiple services remotely. The primary purpose is to increase employee efficiency and advance guest service facilities and experiences.
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Smart Hospitality Market Characteristics:
The global smart hospitality market size is expected to grow from $14.30 billion in 2022 to $18.31 billion in 2023 at a compound annual growth rate (CAGR) of 28.1%. The smart hospitality market is expected to grow to $47.34 billion in 2027 at a CAGR of 26.8%.
Global Smart Hospitality Market Size Forecast To 2032
47.34 2022 2023 2027 Click Here To Get A Sample Report
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14.3 18.31
Key Market Drivers And Trends
Drivers Trends
The growing demand for enhanced smart IoT-based solutions is expected to propel the growth of the smart hospitality market.
Technological innovations are the key trend gaining popularity in the smart hospitality market.
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Smart Hospitality Global Market Segments:
By OfferingSolutions and Services
By Deployment
By End UserThe report covers the smart hospitality market’s segmentsHotel, Cruise, Luxury Yachts
Cloud, Onpremises
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Mode
Major companies in the market include
Key Market Players
Cisco Systems Inc.
IBM Corporation
Johnson Controls
NEC Corporation
Honeywell International Click
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