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Global Smart Hospitality Market Report 2023: Rising Demand for Enhanced Smart IoT-based Solutions is Expected to Propel GrowthDUBLIN, May 15, 2023 /PRNewswire/ -- The "Smart Hospitality Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering. This report provides strategists, marketers and senior management with the critical information they need to assess the market. Major players in the smart hospitality market are 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, WiSuite, and Cloudbeds. Reasons to Purchase
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 experience. Technological innovations are the key trend gaining popularity in the smart hospitality market. Major companies operating in the smart hospitality market focus on providing advanced solutions and tools to strengthen their market position. For instance, in January 2022, LG, South-Korea based multinational conglomerate corporation, launched LG CLOi ServeBot. This serveBot is the world's first commercial service robot certified by UL 3300 for safe operation in multifaceted commercial environments such as restaurants, retail stores, and hotels. The semi-autonomous CLOi ServeBot provides businesses with an effective way to provide enhanced hospitality service. North America was the largest region in the smart hospitality market in 2022. The regions covered in the smart hospitality market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the smart hospitality market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The growing demand for enhanced smart IoT-based solutions is expected to propel the growth of the smart hospitality market. The internet of things (IoT) is a connected network that has the potential to significantly alter how hotels, resorts, cruise ships, casinos, restaurants, and other leisure services work. When IoT is combined with technologies such as user mobility and data analytics, a new paradigm in hospitality is created in which businesses collect data, interact with users, and automate processes to improve guest experiences. This adoption of IoT-based solutions improves processes by lowering operating costs, increasing productivity, and developing new services. For instance, according to an article published by McKinsey & Company, a management consulting company, the global number of IoT-connected devices is expected to increase to 43 billion by 2023, nearly tripling from 2018. Therefore, the increase in the growing demand for enhanced smart IoT-based solutions will drive the smart hospitality market.
6.2. Global Smart Hospitality Market, Segmentation By Deployment Mode, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
6.3. Global Smart Hospitality Market, Segmentation By End User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7. Smart Hospitality Market Regional And Country Analysis For more information about this report visit https://www.researchandmarkets.com/r/f698wl About ResearchAndMarkets.com Contact: Research and Markets Logo: https://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
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