Smart Hospitality Market Share, Size, Trends, Industry Analysis Report, By Offering; By Deployment Mode (Cloud and On-premises); By End-Use (Hotels, Cruise, Luxury Yachts and Others); By Region; Segment Forecast, 2022 - 2030
Description
The global smart hospitality market size is expected to reach USD 310.44 billion by 2034, according to a new study by Polaris Market Research. The report "" Smart Hospitality Market Share, Size, Trends, Industry Analysis Report, By Offering; By Deployment Mode (Cloud and On-premises); By End-Use (Hotels, Cruise, Luxury Yachts and Others); By Region; Segment Forecast, 2025 - 2034"" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Hoteliers forge a lasting, and increase the chance that they will write a positive review by offering a more personalized travel experience. Creating a distinctive visitor experience increases revenue while enhancing brand reputation and customer loyalty. Through new smart hospitality solutions, hotels have access to data-driven insights and customer behavior to enhance the customer experience through better service to every guest.
Over the projection period, the growing adoption of various advanced technologies in the hospitality industry, using 5G, IoT technology, and A.I., is anticipated to create revenue-generating opportunities. As a result, it is anticipated that adopting such cutting-edge technology would drive growth in the global market. These slashing smart hospitality solutions help hotels improve the quality of their services while improving the guest experience. As a result, there will likely be a greater need for smart hospitality solutions, which will fuel the expansion of the market.
Smart Hospitality Market Report Highlights
The guest-experience sub-segment by solution is anticipated to grow at a high CAGR. It is the guest experience that determines the quality of service provided by a hospitality business. A dissatisfactory experience signals that the hotel needs to make improvements.
The cloud-based dominated the market in 2024. Hotels and restaurants are implementing cloud-based technologies that may change with the market and business dynamics. The demand for a better guest experience, enhanced cost efficiency, and universal access to hoteliers from any remote area will boost the market.
In Asia Pacific, the global market is expected to dominate due to its ability to handle outsourced solutions, and the market for smart hospitality is expected to experience significant growth. Furthermore, it is projected that the extensive construction of contact centers will further fuel the expansion of the smart hospitality sector in the area over the next few years.
major players operating in the global market are Cisco Systems, Honeywell International, IBM Corp., Johnson Controls, NEC Corporation, Oracle Corporation, Schneider Electric, Siemens, Winhotel Solution, Huawei Technologies, Oracle, Johnson Controls, Samsung, Springer-Miller Systems, Control4, Wisuite, Qualsoft Systems, Hospitality Network, Guestline, Cloudbeds, Frontdesk Anywhere, Chris Lewis Group, Xie Zhu, BuildingIQ, Stayntouch, and others.
Polaris Market Research has segmented the smart hospitality market report based on offering, deployment, end use, and region:
By Offering Outlook (Revenue - USD Billion, 2020 - 2034)
Solution
Property Management System
Guest Experience Management System
Integrated Security Management
Facility Management Software
Network Management Software
Point Of Sale Software
Services
By Deployment Mode Outlook (Revenue - USD Billion, 2020 - 2034)
Cloud
On-premises
By End Use Outlook (Revenue - USD Billion, 2020 - 2034)
Hotel
Cruise
Luxury Yachts
Others
By Regional Outlook (Revenue - USD Billion, 2020 - 2034)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Hoteliers forge a lasting, and increase the chance that they will write a positive review by offering a more personalized travel experience. Creating a distinctive visitor experience increases revenue while enhancing brand reputation and customer loyalty. Through new smart hospitality solutions, hotels have access to data-driven insights and customer behavior to enhance the customer experience through better service to every guest.
Over the projection period, the growing adoption of various advanced technologies in the hospitality industry, using 5G, IoT technology, and A.I., is anticipated to create revenue-generating opportunities. As a result, it is anticipated that adopting such cutting-edge technology would drive growth in the global market. These slashing smart hospitality solutions help hotels improve the quality of their services while improving the guest experience. As a result, there will likely be a greater need for smart hospitality solutions, which will fuel the expansion of the market.
Smart Hospitality Market Report Highlights
The guest-experience sub-segment by solution is anticipated to grow at a high CAGR. It is the guest experience that determines the quality of service provided by a hospitality business. A dissatisfactory experience signals that the hotel needs to make improvements.
The cloud-based dominated the market in 2024. Hotels and restaurants are implementing cloud-based technologies that may change with the market and business dynamics. The demand for a better guest experience, enhanced cost efficiency, and universal access to hoteliers from any remote area will boost the market.
In Asia Pacific, the global market is expected to dominate due to its ability to handle outsourced solutions, and the market for smart hospitality is expected to experience significant growth. Furthermore, it is projected that the extensive construction of contact centers will further fuel the expansion of the smart hospitality sector in the area over the next few years.
major players operating in the global market are Cisco Systems, Honeywell International, IBM Corp., Johnson Controls, NEC Corporation, Oracle Corporation, Schneider Electric, Siemens, Winhotel Solution, Huawei Technologies, Oracle, Johnson Controls, Samsung, Springer-Miller Systems, Control4, Wisuite, Qualsoft Systems, Hospitality Network, Guestline, Cloudbeds, Frontdesk Anywhere, Chris Lewis Group, Xie Zhu, BuildingIQ, Stayntouch, and others.
Polaris Market Research has segmented the smart hospitality market report based on offering, deployment, end use, and region:
By Offering Outlook (Revenue - USD Billion, 2020 - 2034)
Solution
Property Management System
Guest Experience Management System
Integrated Security Management
Facility Management Software
Network Management Software
Point Of Sale Software
Services
By Deployment Mode Outlook (Revenue - USD Billion, 2020 - 2034)
Cloud
On-premises
By End Use Outlook (Revenue - USD Billion, 2020 - 2034)
Hotel
Cruise
Luxury Yachts
Others
By Regional Outlook (Revenue - USD Billion, 2020 - 2034)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Table of Contents
124 Pages
- 1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
- 2. Executive Summary
- 2.1. Market Highlights
- 3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Source
- 3.2.1. Primary Source
- 3.2.2. Secondary Source
- 4. U.S. Small Molecule Drug Discovery Outsourcing Market Insights
- 4.1. Small Molecule Drug Discovery Outsourcing Market – Market Snapshot
- 4.2. Small Molecule Drug Discovery Outsourcing Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising research and development expenses
- 4.2.1.2. Increasing need for drug development
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Loss of direct control over critical processes
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. U.S. Small Molecule Drug Discovery Outsourcing Market Trends
- 4.6. Value Chain Analysis
- 5. U.S. Small Molecule Drug Discovery Outsourcing Market, by Workflow
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. U.S. Small Molecule Drug Discovery Outsourcing Market, by Workflow, 2020-2034 (USD Billion)
- 5.3. Target Identification & Screening
- 5.3.1. U.S. Small Molecule Drug Discovery Outsourcing Market, by Target Identification & Screening, by Region, 2020-2034 (USD Billion)
- 5.4. Target Validation & Functional Informatics
- 5.4.1. U.S. Small Molecule Drug Discovery Outsourcing Market, by Target Validation & Functional Informatics, by Region, 2020-2034 (USD Billion)
- 5.5. Lead Identification & Candidate Optimization
- 5.5.1. U.S. Small Molecule Drug Discovery Outsourcing Market, by Lead Identification & Candidate Optimization, by Region, 2020-2034 (USD Billion)
- 5.6. Preclinical Development
- 5.6.1. U.S. Small Molecule Drug Discovery Outsourcing Market, by Preclinical Development, by Region, 2020-2034 (USD Billion)
- 5.7. Others
- 5.7.1. U.S. Small Molecule Drug Discovery Outsourcing Market, by Others, by Region, 2020-2034 (USD Billion)
- 6. U.S. Small Molecule Drug Discovery Outsourcing Market, by Service
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. U.S. Small Molecule Drug Discovery Outsourcing Market, by Service, 2020-2034 (USD Billion)
- 6.3. Chemistry Services
- 6.3.1. U.S. Small Molecule Drug Discovery Outsourcing Market, by Chemistry Services, by Region, 2020-2034 (USD Billion)
- 6.4. Biology Services
- 6.4.1. U.S. Small Molecule Drug Discovery Outsourcing Market, by Biology Services, by Region, 2020-2034 (USD Billion)
- 7. U.S. Small Molecule Drug Discovery Outsourcing Market, by Therapeutics Area
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. U.S. Small Molecule Drug Discovery Outsourcing Market, by Therapeutics Area, 2020-2034 (USD Billion)
- 7.3. Respiratory System
- 7.3.1. U.S. Small Molecule Drug Discovery Outsourcing Market, by Respiratory System, by Region, 2020-2034 (USD Billion)
- 7.4. Pain and Anesthesia
- 7.4.1. U.S. Small Molecule Drug Discovery Outsourcing Market, by Pain and Anesthesia, by Region, 2020-2034 (USD Billion)
- 7.5. Oncology
- 7.5.1. U.S. Small Molecule Drug Discovery Outsourcing Market, by Oncology, by Region, 2020-2034 (USD Billion)
- 7.6. Ophthalmology
- 7.6.1. U.S. Small Molecule Drug Discovery Outsourcing Market, by Ophthalmology, by Region, 2020-2034 (USD Billion)
- 7.7. Hematology
- 7.7.1. U.S. Small Molecule Drug Discovery Outsourcing Market, by Hematology, by Region, 2020-2034 (USD Billion)
- 7.8. Cardiovascular
- 7.8.1. U.S. Small Molecule Drug Discovery Outsourcing Market, by Cardiovascular, by Region, 2020-2034 (USD Billion)
- 7.9. Endocrine
- 7.9.1. U.S. Small Molecule Drug Discovery Outsourcing Market, by Endocrine, by Region, 2020-2034 (USD Billion)
- 7.10. Gastrointestinal
- 7.10.1. U.S. Small Molecule Drug Discovery Outsourcing Market, by Gastrointestinal, by Region, 2020-2034 (USD Billion)
- 7.11. Immunomodulation
- 7.11.1. U.S. Small Molecule Drug Discovery Outsourcing Market, by Immunomodulation, by Region, 2020-2034 (USD Billion)
- 7.12. Anti-infective
- 7.12.1. U.S. Small Molecule Drug Discovery Outsourcing Market, by Anti-infective, by Region, 2020-2034 (USD Billion)
- 7.13. Central Nervous System
- 7.13.1. U.S. Small Molecule Drug Discovery Outsourcing Market, by Central Nervous System, by Region, 2020-2034 (USD Billion)
- 7.14. Dermatology
- 7.14.1. U.S. Small Molecule Drug Discovery Outsourcing Market, by Dermatology, by Region, 2020-2034 (USD Billion)
- 7.15. Genitourinary System
- 7.15.1. U.S. Small Molecule Drug Discovery Outsourcing Market, by Genitourinary System, by Region, 2020-2034 (USD Billion)
- 8. U.S. Small Molecule Drug Discovery Outsourcing Market, by End Use
- 8.1. Key Findings
- 8.2. Introduction
- 8.2.1. U.S. Small Molecule Drug Discovery Outsourcing Market, by End Use, 2020-2034 (USD Billion)
- 8.3. Pharmaceutical & Biotechnology Companies
- 8.3.1. U.S. Small Molecule Drug Discovery Outsourcing Market, by Pharmaceutical & Biotechnology Companies, by Region, 2020-2034 (USD Billion)
- 8.4. Academic Institutes
- 8.4.1. U.S. Small Molecule Drug Discovery Outsourcing Market, by Academic Institutes, by Region, 2020-2034 (USD Billion)
- 9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
- 10. Company Profiles
- 10.1. Charles River Laboratories
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Curia Global, Inc.
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Eurofins Scientific
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Evotec
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. GenScript Biotech
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Labcorp
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Oncodesign
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Pharmaron
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Syngene
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Merck
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
Pricing
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