Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 19.63 Billion | USD 122.97 Billion | 20.14% | 2024 |
FrequentlyAsked Questions
The global smart hospitality market is expected to grow due to rising expectations for personalized experiences, IoT integration, and the push for operational efficiency in the hospitality sector.
According to a study, the global smart hospitality market size was worth around USD 19.63 Billion in 2024 and is expected to reach USD 122.97 Billion by 2034.
The global smart hospitality market is expected to grow at a CAGR of 20.14% during the forecast period.
North America is expected to dominate the smart hospitality market over the forecast period.
Leading players in the global smart hospitality market include NEC Corporation, Huawei Technologies, Cisco Systems, Schneider Electric, Honeywell International, Siemens AG, IBM Corporation, Oracle Corporation, Johnson Controls, NEC Corporation, among others.
The report explores crucial aspects of the smart hospitality market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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