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Smart Hospitality Market by Component, Solution Type, Deployment Mode, Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 290 Pages
  • December 2022
  • Region: Global
  • Allied Market Research
  • ID: 5743683
The smart hotel room or smart suite enables customers to easily manage their accommodations from a distance. For instance, a visitor can lock the hotel door, draw and open the curtains, mute the TV, and adjust the lighting. Smart hotel technology may enhance the visitor's stay and encourage their return. Furthermore, from the standpoint of a hotel owner, the increased sustainability potential is one of the main benefits of a smart hotel room. The automation that the Internet of Things provides can help with this because it relates primarily to energy-saving opportunities within the rooms.

Growth in tourism and an increase in investments in hotel projects and a surge in demand for real-time optimized guest experience management are driving the growth of the market. In addition, the rapid adoption of advanced technologies like IoT and energy management systems globally is fueling the growth of the smart hospitality market. However, high implementation, maintenance & training cost, and data security and information sharing threats limit the growth of this market. Conversely, evolving 5G to transform the smart hospitality industry is anticipated to provide numerous opportunities for the expansion of the market during the forecast period.

The global smart hospitality market is segmented into component, solution type, deployment mode, application, and region. Depending on the component, the market is divided into solution and services. Based on solution type, it is categorized into hotel operation management, hotel automation management, guest service management system, security management system, and others. By Deployment mode, it is divided into on-premises and cloud. Based on application, it is bifurcated into hotels, cruises, luxury yachts, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global smart hospitality market is dominated by key players such as Cisco Systems, Inc., Honeywell International Inc., Huawei Technologies Co., Ltd., IBM CORPORATION, Infor, Johnson Controls, NEC CORPORATION, Oracle Corporation, Schneider Electric and Siemens AG. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.

KEY BENEFITS FOR STAKEHOLDERS

  • The study provides an in-depth analysis of the global smart hospitality market forecast along with the current & future trends to explain the imminent investment pockets.
  • information about key drivers, restraints, & opportunities and their impact analysis on global smart hospitality market trends is provided in the report.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.
  • The quantitative analysis of the market from 2022 to 2031 is provided to determine the market potential.

Key Market Segments

By Solution Type

  • Hotel Operation Management
  • Hotel Automation Management
  • Guest Service Management System
  • Security Management System
  • Others

By Component

  • Solution
  • Services

By Application

  • Hotels
  • Cruises
  • Luxury Yachts
  • Others

By Deployment Mode

  • On-Premise
  • Cloud

By Region

  • North America
  • U.S.
  • Canada
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • Infor
  • Oracle Corporation
  • Cisco Systems, Inc.
  • Honeywell International Inc.
  • Huawei Technologies Co., Ltd.
  • IBM CORPORATION
  • NEC CORPORATION
  • Schneider Electric
  • Siemens AG
  • Johnson Controls

 

Please note:

  • Online Access price format is valid for 60 days access. Printing is not enabled.
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Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Growth in tourism and an increase in investments in hotels projects
3.4.1.2. Surge in demand for real-time optimized guest experience management
3.4.1.3. Rapid adoption of advanced technologies like IoT and energy management systems globally
3.4.2. Restraints
3.4.2.1. High implementation, maintenance, and training cost
3.4.2.2. Data security and information sharing threats
3.4.3. Opportunities
3.4.3.1. Evolving 5G to transform the smart hospitality industry
3.5. COVID-19 Impact Analysis on the market

CHAPTER 4: SMART HOSPITALITY MARKET, BY COMPONENT
4.1 Overview
4.1.1 Market size and forecast
4.2. Solution
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3. Services
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country

CHAPTER 5: SMART HOSPITALITY MARKET, BY SOLUTION TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2. Hotel Operation Management
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3. Hotel Automation Management
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4. Guest Service Management System
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country
5.5. Security Management System
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market share analysis by country
5.6. Others
5.6.1 Key market trends, growth factors and opportunities
5.6.2 Market size and forecast, by region
5.6.3 Market share analysis by country

CHAPTER 6: SMART HOSPITALITY MARKET, BY DEPLOYMENT MODE
6.1 Overview
6.1.1 Market size and forecast
6.2. On-Premise
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3. Cloud
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country

CHAPTER 7: SMART HOSPITALITY MARKET, BY APPLICATION
7.1 Overview
7.1.1 Market size and forecast
7.2. Hotels
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market share analysis by country
7.3. Cruises
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market share analysis by country
7.4. Luxury Yachts
7.4.1 Key market trends, growth factors and opportunities
7.4.2 Market size and forecast, by region
7.4.3 Market share analysis by country
7.5. Others
7.5.1 Key market trends, growth factors and opportunities
7.5.2 Market size and forecast, by region
7.5.3 Market share analysis by country

CHAPTER 8: SMART HOSPITALITY MARKET, BY REGION
8.1 Overview
8.1.1 Market size and forecast
8.2 North America
8.2.1 Key trends and opportunities
8.2.2 North America Market size and forecast, by Component
8.2.3 North America Market size and forecast, by Solution Type
8.2.4 North America Market size and forecast, by Deployment Mode
8.2.5 North America Market size and forecast, by Application
8.2.6 North America Market size and forecast, by country
8.2.6.1 U.S.
8.2.6.1.1 Key market trends, growth factors and opportunities
8.2.6.1.2 Market size and forecast, by Component
8.2.6.1.3 Market size and forecast, by Solution Type
8.2.6.1.4 Market size and forecast, by Deployment Mode
8.2.6.1.5 Market size and forecast, by Application
8.2.6.2 Canada
8.2.6.2.1 Key market trends, growth factors and opportunities
8.2.6.2.2 Market size and forecast, by Component
8.2.6.2.3 Market size and forecast, by Solution Type
8.2.6.2.4 Market size and forecast, by Deployment Mode
8.2.6.2.5 Market size and forecast, by Application
8.3 Europe
8.3.1 Key trends and opportunities
8.3.2 Europe Market size and forecast, by Component
8.3.3 Europe Market size and forecast, by Solution Type
8.3.4 Europe Market size and forecast, by Deployment Mode
8.3.5 Europe Market size and forecast, by Application
8.3.6 Europe Market size and forecast, by country
8.3.6.1 UK
8.3.6.1.1 Key market trends, growth factors and opportunities
8.3.6.1.2 Market size and forecast, by Component
8.3.6.1.3 Market size and forecast, by Solution Type
8.3.6.1.4 Market size and forecast, by Deployment Mode
8.3.6.1.5 Market size and forecast, by Application
8.3.6.2 Germany
8.3.6.2.1 Key market trends, growth factors and opportunities
8.3.6.2.2 Market size and forecast, by Component
8.3.6.2.3 Market size and forecast, by Solution Type
8.3.6.2.4 Market size and forecast, by Deployment Mode
8.3.6.2.5 Market size and forecast, by Application
8.3.6.3 France
8.3.6.3.1 Key market trends, growth factors and opportunities
8.3.6.3.2 Market size and forecast, by Component
8.3.6.3.3 Market size and forecast, by Solution Type
8.3.6.3.4 Market size and forecast, by Deployment Mode
8.3.6.3.5 Market size and forecast, by Application
8.3.6.4 Italy
8.3.6.4.1 Key market trends, growth factors and opportunities
8.3.6.4.2 Market size and forecast, by Component
8.3.6.4.3 Market size and forecast, by Solution Type
8.3.6.4.4 Market size and forecast, by Deployment Mode
8.3.6.4.5 Market size and forecast, by Application
8.3.6.5 Spain
8.3.6.5.1 Key market trends, growth factors and opportunities
8.3.6.5.2 Market size and forecast, by Component
8.3.6.5.3 Market size and forecast, by Solution Type
8.3.6.5.4 Market size and forecast, by Deployment Mode
8.3.6.5.5 Market size and forecast, by Application
8.3.6.6 Rest of Europe
8.3.6.6.1 Key market trends, growth factors and opportunities
8.3.6.6.2 Market size and forecast, by Component
8.3.6.6.3 Market size and forecast, by Solution Type
8.3.6.6.4 Market size and forecast, by Deployment Mode
8.3.6.6.5 Market size and forecast, by Application
8.4 Asia-Pacific
8.4.1 Key trends and opportunities
8.4.2 Asia-Pacific Market size and forecast, by Component
8.4.3 Asia-Pacific Market size and forecast, by Solution Type
8.4.4 Asia-Pacific Market size and forecast, by Deployment Mode
8.4.5 Asia-Pacific Market size and forecast, by Application
8.4.6 Asia-Pacific Market size and forecast, by country
8.4.6.1 China
8.4.6.1.1 Key market trends, growth factors and opportunities
8.4.6.1.2 Market size and forecast, by Component
8.4.6.1.3 Market size and forecast, by Solution Type
8.4.6.1.4 Market size and forecast, by Deployment Mode
8.4.6.1.5 Market size and forecast, by Application
8.4.6.2 India
8.4.6.2.1 Key market trends, growth factors and opportunities
8.4.6.2.2 Market size and forecast, by Component
8.4.6.2.3 Market size and forecast, by Solution Type
8.4.6.2.4 Market size and forecast, by Deployment Mode
8.4.6.2.5 Market size and forecast, by Application
8.4.6.3 Japan
8.4.6.3.1 Key market trends, growth factors and opportunities
8.4.6.3.2 Market size and forecast, by Component
8.4.6.3.3 Market size and forecast, by Solution Type
8.4.6.3.4 Market size and forecast, by Deployment Mode
8.4.6.3.5 Market size and forecast, by Application
8.4.6.4 Australia
8.4.6.4.1 Key market trends, growth factors and opportunities
8.4.6.4.2 Market size and forecast, by Component
8.4.6.4.3 Market size and forecast, by Solution Type
8.4.6.4.4 Market size and forecast, by Deployment Mode
8.4.6.4.5 Market size and forecast, by Application
8.4.6.5 South Korea
8.4.6.5.1 Key market trends, growth factors and opportunities
8.4.6.5.2 Market size and forecast, by Component
8.4.6.5.3 Market size and forecast, by Solution Type
8.4.6.5.4 Market size and forecast, by Deployment Mode
8.4.6.5.5 Market size and forecast, by Application
8.4.6.6 Rest of Asia-Pacific
8.4.6.6.1 Key market trends, growth factors and opportunities
8.4.6.6.2 Market size and forecast, by Component
8.4.6.6.3 Market size and forecast, by Solution Type
8.4.6.6.4 Market size and forecast, by Deployment Mode
8.4.6.6.5 Market size and forecast, by Application
8.5 LAMEA
8.5.1 Key trends and opportunities
8.5.2 LAMEA Market size and forecast, by Component
8.5.3 LAMEA Market size and forecast, by Solution Type
8.5.4 LAMEA Market size and forecast, by Deployment Mode
8.5.5 LAMEA Market size and forecast, by Application
8.5.6 LAMEA Market size and forecast, by country
8.5.6.1 Latin America
8.5.6.1.1 Key market trends, growth factors and opportunities
8.5.6.1.2 Market size and forecast, by Component
8.5.6.1.3 Market size and forecast, by Solution Type
8.5.6.1.4 Market size and forecast, by Deployment Mode
8.5.6.1.5 Market size and forecast, by Application
8.5.6.2 Middle East
8.5.6.2.1 Key market trends, growth factors and opportunities
8.5.6.2.2 Market size and forecast, by Component
8.5.6.2.3 Market size and forecast, by Solution Type
8.5.6.2.4 Market size and forecast, by Deployment Mode
8.5.6.2.5 Market size and forecast, by Application
8.5.6.3 Africa
8.5.6.3.1 Key market trends, growth factors and opportunities
8.5.6.3.2 Market size and forecast, by Component
8.5.6.3.3 Market size and forecast, by Solution Type
8.5.6.3.4 Market size and forecast, by Deployment Mode
8.5.6.3.5 Market size and forecast, by Application

CHAPTER 9: COMPETITIVE LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Top player positioning, 2021

CHAPTER 10: COMPANY PROFILES
10.1 Infor
10.1.1 Company overview
10.1.2 Key Executives
10.1.3 Company snapshot
10.1.4 Operating business segments
10.1.5 Product portfolio
10.1.6 Business performance
10.1.7 Key strategic moves and developments
10.2 Oracle Corporation
10.2.1 Company overview
10.2.2 Key Executives
10.2.3 Company snapshot
10.2.4 Operating business segments
10.2.5 Product portfolio
10.2.6 Business performance
10.2.7 Key strategic moves and developments
10.3 Cisco Systems, Inc.
10.3.1 Company overview
10.3.2 Key Executives
10.3.3 Company snapshot
10.3.4 Operating business segments
10.3.5 Product portfolio
10.3.6 Business performance
10.3.7 Key strategic moves and developments
10.4 Honeywell International Inc.
10.4.1 Company overview
10.4.2 Key Executives
10.4.3 Company snapshot
10.4.4 Operating business segments
10.4.5 Product portfolio
10.4.6 Business performance
10.4.7 Key strategic moves and developments
10.5 Huawei Technologies Co., Ltd.
10.5.1 Company overview
10.5.2 Key Executives
10.5.3 Company snapshot
10.5.4 Operating business segments
10.5.5 Product portfolio
10.5.6 Business performance
10.5.7 Key strategic moves and developments
10.6 IBM CORPORATION
10.6.1 Company overview
10.6.2 Key Executives
10.6.3 Company snapshot
10.6.4 Operating business segments
10.6.5 Product portfolio
10.6.6 Business performance
10.6.7 Key strategic moves and developments
10.7 NEC CORPORATION
10.7.1 Company overview
10.7.2 Key Executives
10.7.3 Company snapshot
10.7.4 Operating business segments
10.7.5 Product portfolio
10.7.6 Business performance
10.7.7 Key strategic moves and developments
10.8 Schneider Electric
10.8.1 Company overview
10.8.2 Key Executives
10.8.3 Company snapshot
10.8.4 Operating business segments
10.8.5 Product portfolio
10.8.6 Business performance
10.8.7 Key strategic moves and developments
10.9 Siemens AG
10.9.1 Company overview
10.9.2 Key Executives
10.9.3 Company snapshot
10.9.4 Operating business segments
10.9.5 Product portfolio
10.9.6 Business performance
10.9.7 Key strategic moves and developments
10.10 Johnson Controls
10.10.1 Company overview
10.10.2 Key Executives
10.10.3 Company snapshot
10.10.4 Operating business segments
10.10.5 Product portfolio
10.10.6 Business performance
10.10.7 Key strategic moves and developments

List of Tables
Table 1. Global Smart Hospitality Market, by Component, 2021-2031 (Revenue, $Billion)
Table 2. Smart Hospitality Market for Solution, by Region, 2021-2031 (Revenue, $Billion)
Table 3. Smart Hospitality Market for Services, by Region, 2021-2031 (Revenue, $Billion)
Table 4. Global Smart Hospitality Market, by Solution Type, 2021-2031 (Revenue, $Billion)
Table 5. Smart Hospitality Market for Hotel Operation Management, by Region, 2021-2031 (Revenue, $Billion)
Table 6. Smart Hospitality Market for Hotel Automation Management, by Region, 2021-2031 (Revenue, $Billion)
Table 7. Smart Hospitality Market for Guest Service Management System, by Region, 2021-2031 (Revenue, $Billion)
Table 8. Smart Hospitality Market for Security Management System, by Region, 2021-2031 (Revenue, $Billion)
Table 9. Smart Hospitality Market for Others, by Region, 2021-2031 (Revenue, $Billion)
Table 10. Global Smart Hospitality Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 11. Smart Hospitality Market for On-Premise, by Region, 2021-2031 (Revenue, $Billion)
Table 12. Smart Hospitality Market for Cloud, by Region, 2021-2031 (Revenue, $Billion)
Table 13. Global Smart Hospitality Market, by Application, 2021-2031 (Revenue, $Billion)
Table 14. Smart Hospitality Market for Hotels, by Region, 2021-2031 (Revenue, $Billion)
Table 15. Smart Hospitality Market for Cruises, by Region, 2021-2031 (Revenue, $Billion)
Table 16. Smart Hospitality Market for Luxury Yachts, by Region, 2021-2031 (Revenue, $Billion)
Table 17. Smart Hospitality Market for Others, by Region, 2021-2031 (Revenue, $Billion)
Table 18. Smart Hospitality Market, by Region, 2021-2031 (Revenue, $Billion)
Table 19. North America Smart Hospitality Market, by Component, 2021-2031 (Revenue, $Billion)
Table 20. North America Smart Hospitality Market, by Solution Type, 2021-2031 (Revenue, $Billion)
Table 21. North America Smart Hospitality Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 22. North America Smart Hospitality Market, by Application, 2021-2031 (Revenue, $Billion)
Table 23. North America Smart Hospitality Market, by Country, 2021-2031 (Revenue, $Billion)
Table 24. U.S. Smart Hospitality Market, by Component, 2021-2031 (Revenue, $Billion)
Table 25. U.S. Smart Hospitality Market, by Solution Type, 2021-2031 (Revenue, $Billion)
Table 26. U.S. Smart Hospitality Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 27. U.S. Smart Hospitality Market, by Application, 2021-2031 (Revenue, $Billion)
Table 28. Canada Smart Hospitality Market, by Component, 2021-2031 (Revenue, $Billion)
Table 29. Canada Smart Hospitality Market, by Solution Type, 2021-2031 (Revenue, $Billion)
Table 30. Canada Smart Hospitality Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 31. Canada Smart Hospitality Market, by Application, 2021-2031 (Revenue, $Billion)
Table 32. Europe Smart Hospitality Market, by Component, 2021-2031 (Revenue, $Billion)
Table 33. Europe Smart Hospitality Market, by Solution Type, 2021-2031 (Revenue, $Billion)
Table 34. Europe Smart Hospitality Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 35. Europe Smart Hospitality Market, by Application, 2021-2031 (Revenue, $Billion)
Table 36. Europe Smart Hospitality Market, by Country, 2021-2031 (Revenue, $Billion)
Table 37. UK Smart Hospitality Market, by Component, 2021-2031 (Revenue, $Billion)
Table 38. UK Smart Hospitality Market, by Solution Type, 2021-2031 (Revenue, $Billion)
Table 39. UK Smart Hospitality Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 40. UK Smart Hospitality Market, by Application, 2021-2031 (Revenue, $Billion)
Table 41. Germany Smart Hospitality Market, by Component, 2021-2031 (Revenue, $Billion)
Table 42. Germany Smart Hospitality Market, by Solution Type, 2021-2031 (Revenue, $Billion)
Table 43. Germany Smart Hospitality Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 44. Germany Smart Hospitality Market, by Application, 2021-2031 (Revenue, $Billion)
Table 45. France Smart Hospitality Market, by Component, 2021-2031 (Revenue, $Billion)
Table 46. France Smart Hospitality Market, by Solution Type, 2021-2031 (Revenue, $Billion)
Table 47. France Smart Hospitality Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 48. France Smart Hospitality Market, by Application, 2021-2031 (Revenue, $Billion)
Table 49. Italy Smart Hospitality Market, by Component, 2021-2031 (Revenue, $Billion)
Table 50. Italy Smart Hospitality Market, by Solution Type, 2021-2031 (Revenue, $Billion)
Table 51. Italy Smart Hospitality Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 52. Italy Smart Hospitality Market, by Application, 2021-2031 (Revenue, $Billion)
Table 53. Spain Smart Hospitality Market, by Component, 2021-2031 (Revenue, $Billion)
Table 54. Spain Smart Hospitality Market, by Solution Type, 2021-2031 (Revenue, $Billion)
Table 55. Spain Smart Hospitality Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 56. Spain Smart Hospitality Market, by Application, 2021-2031 (Revenue, $Billion)
Table 57. Rest of Europe Smart Hospitality Market, by Component, 2021-2031 (Revenue, $Billion)
Table 58. Rest of Europe Smart Hospitality Market, by Solution Type, 2021-2031 (Revenue, $Billion)
Table 59. Rest of Europe Smart Hospitality Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 60. Rest of Europe Smart Hospitality Market, by Application, 2021-2031 (Revenue, $Billion)
Table 61. Asia-Pacific Smart Hospitality Market, by Component, 2021-2031 (Revenue, $Billion)
Table 62. Asia-Pacific Smart Hospitality Market, by Solution Type, 2021-2031 (Revenue, $Billion)
Table 63. Asia-Pacific Smart Hospitality Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 64. Asia-Pacific Smart Hospitality Market, by Application, 2021-2031 (Revenue, $Billion)
Table 65. Asia-Pacific Smart Hospitality Market, by Country, 2021-2031 (Revenue, $Billion)
Table 66. China Smart Hospitality Market, by Component, 2021-2031 (Revenue, $Billion)
Table 67. China Smart Hospitality Market, by Solution Type, 2021-2031 (Revenue, $Billion)
Table 68. China Smart Hospitality Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 69. China Smart Hospitality Market, by Application, 2021-2031 (Revenue, $Billion)
Table 70. India Smart Hospitality Market, by Component, 2021-2031 (Revenue, $Billion)
Table 71. India Smart Hospitality Market, by Solution Type, 2021-2031 (Revenue, $Billion)
Table 72. India Smart Hospitality Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 73. India Smart Hospitality Market, by Application, 2021-2031 (Revenue, $Billion)
Table 74. Japan Smart Hospitality Market, by Component, 2021-2031 (Revenue, $Billion)
Table 75. Japan Smart Hospitality Market, by Solution Type, 2021-2031 (Revenue, $Billion)
Table 76. Japan Smart Hospitality Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 77. Japan Smart Hospitality Market, by Application, 2021-2031 (Revenue, $Billion)
Table 78. Australia Smart Hospitality Market, by Component, 2021-2031 (Revenue, $Billion)
Table 79. Australia Smart Hospitality Market, by Solution Type, 2021-2031 (Revenue, $Billion)
Table 80. Australia Smart Hospitality Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 81. Australia Smart Hospitality Market, by Application, 2021-2031 (Revenue, $Billion)
Table 82. South Korea Smart Hospitality Market, by Component, 2021-2031 (Revenue, $Billion)
Table 83. South Korea Smart Hospitality Market, by Solution Type, 2021-2031 (Revenue, $Billion)
Table 84. South Korea Smart Hospitality Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 85. South Korea Smart Hospitality Market, by Application, 2021-2031 (Revenue, $Billion)
Table 86. Rest of Asia-Pacific Smart Hospitality Market, by Component, 2021-2031 (Revenue, $Billion)
Table 87. Rest of Asia-Pacific Smart Hospitality Market, by Solution Type, 2021-2031 (Revenue, $Billion)
Table 88. Rest of Asia-Pacific Smart Hospitality Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 89. Rest of Asia-Pacific Smart Hospitality Market, by Application, 2021-2031 (Revenue, $Billion)
Table 90. LAMEA Smart Hospitality Market, by Component, 2021-2031 (Revenue, $Billion)
Table 91. LAMEA Smart Hospitality Market, by Solution Type, 2021-2031 (Revenue, $Billion)
Table 92. LAMEA Smart Hospitality Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 93. LAMEA Smart Hospitality Market, by Application, 2021-2031 (Revenue, $Billion)
Table 94. LAMEA Smart Hospitality Market, by Country, 2021-2031 (Revenue, $Billion)
Table 95. Latin America Smart Hospitality Market, by Component, 2021-2031 (Revenue, $Billion)
Table 96. Latin America Smart Hospitality Market, by Solution Type, 2021-2031 (Revenue, $Billion)
Table 97. Latin America Smart Hospitality Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 98. Latin America Smart Hospitality Market, by Application, 2021-2031 (Revenue, $Billion)
Table 99. Middle East Smart Hospitality Market, by Component, 2021-2031 (Revenue, $Billion)
Table 100. Middle East Smart Hospitality Market, by Solution Type, 2021-2031 (Revenue, $Billion)
Table 101. Middle East Smart Hospitality Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 102. Middle East Smart Hospitality Market, by Application, 2021-2031 (Revenue, $Billion)
Table 103. Africa Smart Hospitality Market, by Component, 2021-2031 (Revenue, $Billion)
Table 104. Africa Smart Hospitality Market, by Solution Type, 2021-2031 (Revenue, $Billion)
Table 105. Africa Smart Hospitality Market, by Deployment Mode, 2021-2031 (Revenue, $Billion)
Table 106. Africa Smart Hospitality Market, by Application, 2021-2031 (Revenue, $Billion)
Table 107. Infor: Key Executives
Table 108. Infor: Company Snapshot
Table 109. Infor: Operating Segments
Table 110. Infor: Product Portfolio
Table 111. Infor: Net Sales
Table 112. Infor: Key Stratergies
Table 113. Oracle Corporation: Key Executives
Table 114. Oracle Corporation: Company Snapshot
Table 115. Oracle Corporation: Operating Segments
Table 116. Oracle Corporation: Product Portfolio
Table 117. Oracle Corporation: Net Sales
Table 118. Oracle Corporation: Key Stratergies
Table 119. Cisco Systems, Inc.: Key Executives
Table 120. Cisco Systems, Inc.: Company Snapshot
Table 121. Cisco Systems, Inc.: Operating Segments
Table 122. Cisco Systems, Inc.: Product Portfolio
Table 123. Cisco Systems, Inc.: Net Sales
Table 124. Cisco Systems, Inc.: Key Stratergies
Table 125. Honeywell International Inc.: Key Executives
Table 126. Honeywell International Inc.: Company Snapshot
Table 127. Honeywell International Inc.: Operating Segments
Table 128. Honeywell International Inc.: Product Portfolio
Table 129. Honeywell International Inc.: Net Sales
Table 130. Honeywell International Inc.: Key Stratergies
Table 131. Huawei Technologies Co. Ltd.: Key Executives
Table 132. Huawei Technologies Co. Ltd.: Company Snapshot
Table 133. Huawei Technologies Co. Ltd.: Operating Segments
Table 134. Huawei Technologies Co. Ltd.: Product Portfolio
Table 135. Huawei Technologies Co. Ltd.: Net Sales
Table 136. Huawei Technologies Co. Ltd.: Key Stratergies
Table 137. IBM Corporation: Key Executives
Table 138. IBM Corporation: Company Snapshot
Table 139. IBM Corporation: Operating Segments
Table 140. IBM Corporation: Product Portfolio
Table 141. IBM Corporation: Net Sales
Table 142. IBM Corporation: Key Stratergies
Table 143. Nec Corporation: Key Executives
Table 144. Nec Corporation: Company Snapshot
Table 145. Nec Corporation: Operating Segments
Table 146. Nec Corporation: Product Portfolio
Table 147. Nec Corporation: Net Sales
Table 148. Nec Corporation: Key Stratergies
Table 149. Schneider Electric: Key Executives
Table 150. Schneider Electric: Company Snapshot
Table 151. Schneider Electric: Operating Segments
Table 152. Schneider Electric: Product Portfolio
Table 153. Schneider Electric: Net Sales
Table 154. Schneider Electric: Key Stratergies
Table 155. Siemens Ag: Key Executives
Table 156. Siemens Ag: Company Snapshot
Table 157. Siemens Ag: Operating Segments
Table 158. Siemens Ag: Product Portfolio
Table 159. Siemens Ag: Net Sales
Table 160. Siemens Ag: Key Stratergies
Table 161. Johnson Controls: Key Executives
Table 162. Johnson Controls: Company Snapshot
Table 163. Johnson Controls: Operating Segments
Table 164. Johnson Controls: Product Portfolio
Table 165. Johnson Controls: Net Sales
Table 166. Johnson Controls: Key Stratergies

List of Figures
Figure 1. Segmentation of Smart Hospitality Market, 2021-2031
Figure 2. Smart Hospitality Market, 2021-2031
Figure 3. Top Investment Pockets, by Region
Figure 4. Porter Five-1
Figure 5. Porter Five-2
Figure 6. Porter Five-3
Figure 7. Porter Five-4
Figure 8. Porter Five-5
Figure 9. Smart Hospitality Market: Drivers, Restraints and Opportunities
Figure 10. Smart Hospitality Market, by Component, 2021 (%)
Figure 11. Comparative Share Analysis of Solution Smart Hospitality Market, 2021 and 2031 (%)
Figure 12. Comparative Share Analysis of Services Smart Hospitality Market, 2021 and 2031 (%)
Figure 13. Smart Hospitality Market, by Solution Type, 2021 (%)
Figure 14. Comparative Share Analysis of Hotel Operation Management Smart Hospitality Market, 2021 and 2031 (%)
Figure 15. Comparative Share Analysis of Hotel Automation Management Smart Hospitality Market, 2021 and 2031 (%)
Figure 16. Comparative Share Analysis of Guest Service Management System Smart Hospitality Market, 2021 and 2031 (%)
Figure 17. Comparative Share Analysis of Security Management System Smart Hospitality Market, 2021 and 2031 (%)
Figure 18. Comparative Share Analysis of Others Smart Hospitality Market, 2021 and 2031 (%)
Figure 19. Smart Hospitality Market, by Deployment Mode, 2021 (%)
Figure 20. Comparative Share Analysis of On-Premise Smart Hospitality Market, 2021 and 2031 (%)
Figure 21. Comparative Share Analysis of Cloud Smart Hospitality Market, 2021 and 2031 (%)
Figure 22. Smart Hospitality Market, by Application, 2021 (%)
Figure 23. Comparative Share Analysis of Hotels Smart Hospitality Market, 2021 and 2031 (%)
Figure 24. Comparative Share Analysis of Cruises Smart Hospitality Market, 2021 and 2031 (%)
Figure 25. Comparative Share Analysis of Luxury Yachts Smart Hospitality Market, 2021 and 2031 (%)
Figure 26. Comparative Share Analysis of Others Smart Hospitality Market, 2021 and 2031 (%)
Figure 27. Smart Hospitality Market by Region, 2021
Figure 28. U.S. Smart Hospitality Market, 2021-2031 ($Billion)
Figure 29. Canada Smart Hospitality Market, 2021-2031 ($Billion)
Figure 30. UK Smart Hospitality Market, 2021-2031 ($Billion)
Figure 31. Germany Smart Hospitality Market, 2021-2031 ($Billion)
Figure 32. France Smart Hospitality Market, 2021-2031 ($Billion)
Figure 33. Italy Smart Hospitality Market, 2021-2031 ($Billion)
Figure 34. Spain Smart Hospitality Market, 2021-2031 ($Billion)
Figure 35. Rest of Europe Smart Hospitality Market, 2021-2031 ($Billion)
Figure 36. China Smart Hospitality Market, 2021-2031 ($Billion)
Figure 37. India Smart Hospitality Market, 2021-2031 ($Billion)
Figure 38. Japan Smart Hospitality Market, 2021-2031 ($Billion)
Figure 39. Australia Smart Hospitality Market, 2021-2031 ($Billion)
Figure 40. South Korea Smart Hospitality Market, 2021-2031 ($Billion)
Figure 41. Rest of Asia-Pacific Smart Hospitality Market, 2021-2031 ($Billion)
Figure 42. Latin America Smart Hospitality Market, 2021-2031 ($Billion)
Figure 43. Middle East Smart Hospitality Market, 2021-2031 ($Billion)
Figure 44. Africa Smart Hospitality Market, 2021-2031 ($Billion)
Figure 45. Top Winning Strategies, by Year
Figure 46. Top Winning Strategies, by Development
Figure 47. Top Winning Strategies, by Company
Figure 48. Product Mapping of Top 10 Players
Figure 49. Competitive Dashboard
Figure 50. Competitive Heatmap of Top 10 Key Players
Figure 51. Top Player Positioning, 2021
Figure 52. Infor.: Net Sales ($Billion)
Figure 53. Oracle Corporation.: Net Sales ($Billion)
Figure 54. Cisco Systems, Inc..: Net Sales ($Billion)
Figure 55. Honeywell International Inc..: Net Sales ($Billion)
Figure 56. Huawei Technologies Co. Ltd..: Net Sales ($Billion)
Figure 57. IBM Corporation.: Net Sales ($Billion)
Figure 58. Nec Corporation.: Net Sales ($Billion)
Figure 59. Schneider Electric.: Net Sales ($Billion)
Figure 60. Siemens Ag.: Net Sales ($Billion)
Figure 61. Johnson Controls.: Net Sales ($Billion)

Executive Summary

According to the report titled, “Smart Hospitality Market," The smart hospitality market was valued at $18.82 billion in 2021, and is estimated to reach $133.7 billion by 2031, growing at a CAGR of 22% from 2022 to 2031.

Smart hospitality refers to the integration of technology such as automated software and smart solutions for hospitality. It is widely used in hotels & cruises. It helps to reduce the cost and also improves the efficiency of staff and gives a unique experience to the guest so which they want to come again. It helps the guest in the selection of rooms, type and number of their choice, room entertainment systems as well as internet features.

Key factors driving the growth of the smart hospitality market include Growth in tourism and an increase in investments in hotels projects, and surge in demand for real-time optimized guest experience management. Rapid adoption of advanced technologies like IoT and energy management systems globally. Growing Investing in technology like IoT and energy management systems is improving the hotel experience and is driving the growth of the market. For instance, in June 2020, hoteliers aim to provide guests with the best possible experience in the ultra-connected world, and the incorporation of more high-tech services, like mobile check-in, improves the guest experience. Furthermore, hoteliers are also investing in smart technologies, by using everyday items like smartphones and helping hotel operators to reduce overhead staff costs while also freeing up staff to focus on guest needs is aiding the market growth.

Smart home services are often the most prominent and emerging technologies in the IoT age, which has transformed modern household appliances into more intelligent, remotely controlled, and networked devices. These characteristics of IoT solutions are enabling them to be adopted into almost every aspect of everyday devices, which in turn is improving their adoption rates in more critical infrastructures such as building control and management. Such factors are promising great opportunities for the future of the smart hospitality market over the foreseen period.

The market also offers growth opportunities to the key players in the market. Evolving market conditions combined with technology innovations such as AI, edge computing and 5G are accelerating digital transformation in the hospitality industry. Based on deep experience and a broad portfolio of end-to-end products and technologies, companies such as Intel has developed a smart hospitality edge computing reference architecture. Thus, such initiatives will provide a wide variety of smart hospitality solutions, which eventually driving the market growth. Furthermore, hotel operators constantly seeking ways to streamline the guest experience with new digital tools and platforms. 5G can enable operators to revolutionize their offerings with innovative in-room and cross-facility services. 5G has the potential to drive digital transformation in the hotel industry by providing the foundational platform for connecting wireless devices, applications, and individuals. With 5G technology, hotel operators should be able to deliver more personalized messages to their guests and get a deeper understanding of the guest journey. Also, 5G and complementary technologies such as edge computing, will enable guests to proactively receive customized travel tips and recommendations based on individual preferences.

The smart hospitality market is segmented into component, solution type, deployment mode, application, and region. On the basis of component, the market is categorized into solution and services. On the basis of solution type, it is categorized into hotel operation management, hotel automation management, guest service management system, security management system, and others. On the basis of deployment mode, it is fragmented into on-premise and cloud. On the basis of application, the market is categorized into hotels, cruises, luxury yachts, and others. Region wise, it is analyzed across North America (the U.S., and Canada), Europe (the UK, Germany, France, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).

The key players profiled in the study include Cisco Systems, Inc., Honeywell International Inc., Huawei Technologies Co., Ltd., IBM Corporation, Infor, Johnson Controls, NEC Corporation, Oracle Corporation, Schneider Electric and Siemens AG. The players in the market have been actively engaged in the adoption of various strategies such as partnership, collaboration, acquisition, product development, and product launch to remain competitive and gain advantage over the competitors in the market. For instance, in November 2022, Infor, the industry cloud company, introduced Rosen Hotels & Resorts, and partnering with Infor to implement key back-of-house hospitality solutions. That includes automating critical business functions like financials, human resources, talent, analytics and workforce management.

Key Market Insights

  • By component, the solution segment was the highest revenue contributor to the market, and is estimated to reach $ 84.17 billion by 2031, with a CAGR of 21.5%. However, the services segment is estimated to be the fastest growing segment with the CAGR of 22.9% during the forecast period.
  • By solution type, the h
  • Hotel operation management segment dominated the global market, and is estimated to reach $ 28.26 billion by 2031, with a CAGR of 18.4%. However, the guest service management system segment is expected to be the fastest growing segment during the smart hospitality Market Forecast.
  • Based on deployment mode, the on-premises segment was the highest revenue contributor to the market, with $ 15.98 billion in 2021, and is estimated to reach $ 108.49 billion by 2031, with a CAGR of 21.5%.
  • Based on Application, the hotels segment was the highest revenue contributor to the market, with $ 9.56 billion in 2021, and is estimated to reach $ 54.31 billion by 2031, with a CAGR of 19.3%.
  • Based on region, Europe was the highest revenue contributor, accounting for $ 7.33 billion in 2021, and is estimated to reach $ 45.45 billion by 2031, with a CAGR of 20.4%.

Companies Mentioned

  • Infor
  • Oracle Corporation
  • Cisco Systems, Inc.
  • Honeywell International Inc.
  • Huawei Technologies Co., Ltd.
  • IBM CORPORATION
  • NEC CORPORATION
  • Schneider Electric
  • Siemens AG
  • Johnson Controls

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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