The North America Smart Hospitality Market would witness market growth of 27.9% CAGR during the forecast period (2022-2028).
From the aspect of a hotel owner, the increased sustainability potential is one of the main benefits of a smart hotel room. This mostly has to do with potential energy-saving features within the hotel rooms, which the Internet of Things automation can help with. A smart hotel also presents tremendous prospects to provide personalization. For instance, TVs can be remotely configured to address visitors by name, and visitors can modify the room's settings using a central control point. The numerous gadgets can then automatically create such settings owing to IoT technology.
Additionally, guests may be able to access their personal accounts on services, like Netflix or Spotify due to smart TVs and speakers. In fact, market players within the hospitality service anticipate releasing a feature in the coming years that would allow visitors to access their own audiobooks as well as music files by logging in with their accounts.
Access to information is one of the main advantages of smart hotel technology for guests. This might entail a visitor asking a question using their voice on a device and then listening to a reasoned answer. However, other hotel services can also be connected to gadgets. For example, a consumer might be able to receive restaurant availability information using a smart hub. This can be linked to the reservation system for the hotel restaurant, providing real-time information.
The travel and tourism industry is growing at a very rapid pace in the United States as it recovers from the impact of COVID-19 impact. According to the United States Department of State, the travel and tourism sector supported millions of employments in 2019 and added more than $1.1 trillion to the US GDP. In 2019, there were 317,000 jobs in the restaurant industry in New York City alone. The COVID-19 pandemic had a significant impact on the industry and has all corporate operations stopped. However, the government is working and increasing its efforts to accelerate the sector's recovery from the pandemic. In 2022, the Tourism Policy Council of the US released the 2022 National Travel and Tourism Strategy.
The US market dominated the North America Solution Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $8,183.8 million by 2028. The Canada market is anticipated to grow at a CAGR of 29.5% during (2022 - 2028). Additionally, The Mexico market is experiencing a CAGR of 28.4% during (2022 - 2028).
Based on Offering, the market is segmented into Solution (Property Management System, Guest Experience Management System, Integrated Security Management, Facility Management Software, Network Management Software, and Point Of Sale Software) and Services. Based on Deployment Mode, the market is segmented into Cloud and On-premises. Based on End User, the market is segmented into Hotels, Cruise, Luxury Yatches, and Others. The report also covers geographical segmentation of Smart Hospitality market. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Smart Hospitality Market is Estimated to reach $58.3 Billion by 2028, at a CAGR of 28.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include NEC Corporation, Huawei Technologies Co., Ltd., Oracle Corporation, Samsung Electronics Co., Ltd., IBM Corporation, Cisco Systems, Inc., Siemens AG, Johnson Controls International PLC, Honeywell International, Inc. and Legrand S.A.
Scope of the Study
Market Segments Covered in the Report:
By Offering
- 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
By End User
- Hotels
- Cruise
- Luxury Yatches
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- NEC Corporation
- Huawei Technologies Co., Ltd.
- Oracle Corporation
- Samsung Electronics Co., Ltd.
- IBM Corporation
- Cisco Systems, Inc.
- Siemens AG
- Johnson Controls International PLC
- Honeywell International, Inc.
- Legrand S.A.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Smart Hospitality Market, by Offering
1.4.2 North America Smart Hospitality Market, by Deployment Mode
1.4.3 North America Smart Hospitality Market, by End User
1.4.4 North America Smart Hospitality Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market composition and scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2020, Jan – 2022, Jul) Leading Players
Chapter 4. North America Smart Hospitality Market by Offering
4.1 North America Solution Market by Country
4.2 North America Smart Hospitality Market by Solution Type
4.2.1 North America Property Management System Market by Country
4.2.2 North America Guest Experience Management System Market by Country
4.2.3 North America Integrated Security Management Market by Country
4.2.4 North America Facility Management Software Market by Country
4.2.5 North America Network Management Software Market by Country
4.2.6 North America Point Of Sale Software Market by Country
4.3 North America Services Market by Country
Chapter 5. North America Smart Hospitality Market by Deployment Mode
5.1 North America Cloud Market by Country
5.2 North America On-premises Market by Country
Chapter 6. North America Smart Hospitality Market by End User
6.1 North America Hotels Market by Country
6.2 North America Cruise Market by Country
6.3 North America Luxury Yatches Market by Country
6.4 North America Others Market by Country
Chapter 7. North America Smart Hospitality Market by Country
7.1 US Smart Hospitality Market
7.1.1 US Smart Hospitality Market by Offering
7.1.1.1 US Smart Hospitality Market by Solution Type
7.1.2 US Smart Hospitality Market by Deployment Mode
7.1.3 US Smart Hospitality Market by End User
7.2 Canada Smart Hospitality Market
7.2.1 Canada Smart Hospitality Market by Offering
7.2.1.1 Canada Smart Hospitality Market by Solution Type
7.2.2 Canada Smart Hospitality Market by Deployment Mode
7.2.3 Canada Smart Hospitality Market by End User
7.3 Mexico Smart Hospitality Market
7.3.1 Mexico Smart Hospitality Market by Offering
7.3.1.1 Mexico Smart Hospitality Market by Solution Type
7.3.2 Mexico Smart Hospitality Market by Deployment Mode
7.3.3 Mexico Smart Hospitality Market by End User
7.4 Rest of North America Smart Hospitality Market
7.4.1 Rest of North America Smart Hospitality Market by Offering
7.4.1.1 Rest of North America Smart Hospitality Market by Solution Type
7.4.2 Rest of North America Smart Hospitality Market by Deployment Mode
7.4.3 Rest of North America Smart Hospitality Market by End User
Chapter 8. Company Profiles
8.1 NEC Corporation
8.1.1 Company Overview
8.1.1 Financial Analysis
8.1.2 Segmental and Regional Analysis
8.1.3 Research & Development Expenses
8.1.4 Recent strategies and developments:
8.1.4.1 Partnerships, Collaborations, and Agreements:
8.1.4.2 Product Launches and Product Expansions:
8.1.4.3 Acquisition and Mergers:
8.2 Huawei Technologies Co., Ltd.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.3 Oracle Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 SWOT Analysis
8.4 Samsung Electronics Co., Ltd. (Samsung Group)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Partnerships, Collaborations, and Agreements:
8.4.6 SWOT Analysis
8.5 IBM Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Regional & Segmental Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.6 SWOT Analysis
8.6 Cisco Systems, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional Analysis
8.6.4 Research & Development Expense
8.6.5 SWOT Analysis
8.7 Siemens AG
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Partnerships, Collaborations, and Agreements:
8.7.6 SWOT Analysis
8.8 Johnson Controls International PLC
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental & Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.5.2 Acquisition and Mergers:
8.9 Honeywell International, Inc.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expenses
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.6 SWOT Analysis
8.10. Legrand S.A.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Regional Analysis
8.10.4 Research & Development Expense
8.10.5 Recent strategies and developments:
8.10.5.1 Product Launches and Product Expansions:
8.10.5.2 Acquisition and Mergers:
TABLE 1 North America Smart Hospitality Market, 2018 - 2021, USD Million
TABLE 2 North America Smart Hospitality Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – Smart Hospitality Market
TABLE 4 Product Launches And Product Expansions – Smart Hospitality Market
TABLE 5 Acquisition and Mergers – Smart Hospitality Market
TABLE 6 North America Smart Hospitality Market by Offering, 2018 - 2021, USD Million
TABLE 7 North America Smart Hospitality Market by Offering, 2022 - 2028, USD Million
TABLE 8 North America Solution Market by Country, 2018 - 2021, USD Million
TABLE 9 North America Solution Market by Country, 2022 - 2028, USD Million
TABLE 10 North America Smart Hospitality Market by Solution Type, 2018 - 2021, USD Million
TABLE 11 North America Smart Hospitality Market by Solution Type, 2022 - 2028, USD Million
TABLE 12 North America Property Management System Market by Country, 2018 - 2021, USD Million
TABLE 13 North America Property Management System Market by Country, 2022 - 2028, USD Million
TABLE 14 North America Guest Experience Management System Market by Country, 2018 - 2021, USD Million
TABLE 15 North America Guest Experience Management System Market by Country, 2022 - 2028, USD Million
TABLE 16 North America Integrated Security Management Market by Country, 2018 - 2021, USD Million
TABLE 17 North America Integrated Security Management Market by Country, 2022 - 2028, USD Million
TABLE 18 North America Facility Management Software Market by Country, 2018 - 2021, USD Million
TABLE 19 North America Facility Management Software Market by Country, 2022 - 2028, USD Million
TABLE 20 North America Network Management Software Market by Country, 2018 - 2021, USD Million
TABLE 21 North America Network Management Software Market by Country, 2022 - 2028, USD Million
TABLE 22 North America Point Of Sale Software Market by Country, 2018 - 2021, USD Million
TABLE 23 North America Point Of Sale Software Market by Country, 2022 - 2028, USD Million
TABLE 24 North America Services Market by Country, 2018 - 2021, USD Million
TABLE 25 North America Services Market by Country, 2022 - 2028, USD Million
TABLE 26 North America Smart Hospitality Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 27 North America Smart Hospitality Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 28 North America Cloud Market by Country, 2018 - 2021, USD Million
TABLE 29 North America Cloud Market by Country, 2022 - 2028, USD Million
TABLE 30 North America On-premises Market by Country, 2018 - 2021, USD Million
TABLE 31 North America On-premises Market by Country, 2022 - 2028, USD Million
TABLE 32 North America Smart Hospitality Market by End User, 2018 - 2021, USD Million
TABLE 33 North America Smart Hospitality Market by End User, 2022 - 2028, USD Million
TABLE 34 North America Hotels Market by Country, 2018 - 2021, USD Million
TABLE 35 North America Hotels Market by Country, 2022 - 2028, USD Million
TABLE 36 North America Cruise Market by Country, 2018 - 2021, USD Million
TABLE 37 North America Cruise Market by Country, 2022 - 2028, USD Million
TABLE 38 North America Luxury Yatches Market by Country, 2018 - 2021, USD Million
TABLE 39 North America Luxury Yatches Market by Country, 2022 - 2028, USD Million
TABLE 40 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 41 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 42 North America Smart Hospitality Market by Country, 2018 - 2021, USD Million
TABLE 43 North America Smart Hospitality Market by Country, 2022 - 2028, USD Million
TABLE 44 US Smart Hospitality Market, 2018 - 2021, USD Million
TABLE 45 US Smart Hospitality Market, 2022 - 2028, USD Million
TABLE 46 US Smart Hospitality Market by Offering, 2018 - 2021, USD Million
TABLE 47 US Smart Hospitality Market by Offering, 2022 - 2028, USD Million
TABLE 48 US Smart Hospitality Market by Solution Type, 2018 - 2021, USD Million
TABLE 49 US Smart Hospitality Market by Solution Type, 2022 - 2028, USD Million
TABLE 50 US Smart Hospitality Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 51 US Smart Hospitality Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 52 US Smart Hospitality Market by End User, 2018 - 2021, USD Million
TABLE 53 US Smart Hospitality Market by End User, 2022 - 2028, USD Million
TABLE 54 Canada Smart Hospitality Market, 2018 - 2021, USD Million
TABLE 55 Canada Smart Hospitality Market, 2022 - 2028, USD Million
TABLE 56 Canada Smart Hospitality Market by Offering, 2018 - 2021, USD Million
TABLE 57 Canada Smart Hospitality Market by Offering, 2022 - 2028, USD Million
TABLE 58 Canada Smart Hospitality Market by Solution Type, 2018 - 2021, USD Million
TABLE 59 Canada Smart Hospitality Market by Solution Type, 2022 - 2028, USD Million
TABLE 60 Canada Smart Hospitality Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 61 Canada Smart Hospitality Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 62 Canada Smart Hospitality Market by End User, 2018 - 2021, USD Million
TABLE 63 Canada Smart Hospitality Market by End User, 2022 - 2028, USD Million
TABLE 64 Mexico Smart Hospitality Market, 2018 - 2021, USD Million
TABLE 65 Mexico Smart Hospitality Market, 2022 - 2028, USD Million
TABLE 66 Mexico Smart Hospitality Market by Offering, 2018 - 2021, USD Million
TABLE 67 Mexico Smart Hospitality Market by Offering, 2022 - 2028, USD Million
TABLE 68 Mexico Smart Hospitality Market by Solution Type, 2018 - 2021, USD Million
TABLE 69 Mexico Smart Hospitality Market by Solution Type, 2022 - 2028, USD Million
TABLE 70 Mexico Smart Hospitality Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 71 Mexico Smart Hospitality Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 72 Mexico Smart Hospitality Market by End User, 2018 - 2021, USD Million
TABLE 73 Mexico Smart Hospitality Market by End User, 2022 - 2028, USD Million
TABLE 74 Rest of North America Smart Hospitality Market, 2018 - 2021, USD Million
TABLE 75 Rest of North America Smart Hospitality Market, 2022 - 2028, USD Million
TABLE 76 Rest of North America Smart Hospitality Market by Offering, 2018 - 2021, USD Million
TABLE 77 Rest of North America Smart Hospitality Market by Offering, 2022 - 2028, USD Million
TABLE 78 Rest of North America Smart Hospitality Market by Solution Type, 2018 - 2021, USD Million
TABLE 79 Rest of North America Smart Hospitality Market by Solution Type, 2022 - 2028, USD Million
TABLE 80 Rest of North America Smart Hospitality Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 81 Rest of North America Smart Hospitality Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 82 Rest of North America Smart Hospitality Market by End User, 2018 - 2021, USD Million
TABLE 83 Rest of North America Smart Hospitality Market by End User, 2022 - 2028, USD Million
TABLE 84 KEY INFORMATION – NEC Corporation
TABLE 85 key information – Huawei Technologies Co., Ltd.
TABLE 86 Key Information – Oracle Corporation
TABLE 87 Key Information – Samsung Electronics Co., Ltd.
TABLE 88 Key information – IBM Corporation
TABLE 89 Key Information – Cisco Systems, Inc.
TABLE 90 Key Information – Siemens AG
TABLE 91 Key Information – Johnson Controls International PLC
TABLE 92 Key Information – Honeywell International, Inc.
TABLE 93 key Information – Legrand S.A.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2020, jan – 2022, Jul) Leading Players
FIG 5 Recent strategies and developments: NEC Corporation
FIG 6 SWOT analysis: Oracle Corporation
FIG 7 SWOT Analysis: Samsung Electronics CO. Ltd.
FIG 8 Swot analysis: IBM Corporation
FIG 9 SWOT Analysis: Cisco Systems, Inc.
FIG 10 Swot analysis: Siemens AG
FIG 11 Swot analysis: Honeywell international, inc.