Global video on demand in the hospitality market
Dublin, January 9, 2023 (GLOBE NEWSWIRE) — “Video on Demand in the Hospitality Global Market Report 2022: The Impact of the Ukraine-Russia War” report added of ResearchAndMarkets.com Recruitment.
Global video on demand in the hospitality market is expected to grow from $19.74 billion in 2021 to $24.39 billion in 2022, at a compound annual growth rate (CAGR) of 23.5%. Video on demand in hospitality market is expected to grow to $54.61 billion in 2026 with a CAGR of 22.3%.
North America will be the largest region for video on demand in the hospitality market in 2021. Regions covered in the Hospitality Market Report Video On Demand are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. .
Rising penetration of smartphones and tablets is expected to drive the growth of video on demand in the hospitality market. A tablet is a wireless portable computer with a touchscreen interface. A smartphone refers to a mobile phone that includes an integrated computer as well as an operating system, web browsing, and the ability to run software applications.
Hotel guests use their smartphones or tablets to scan the TV’s QR code and connect their device to the display. Video on Demand offers incredible streaming options, giving the hospitality industry an unparalleled glimpse of the latest movies right out of theaters, ready to watch or pre-order.
For example, according to US-based cost comparison firm Bankmycell, the global smartphone user base is expected to reach $6.648 billion by 2022, reaching 83.37% of the world’s population. The United States has the highest smartphone penetration, her 81.60% of the population, or he 270 million people own a smartphone. Therefore, the increasing penetration of smartphones and tablets is driving the growth of video on demand in the hospitality market.
Technological advancement is a major trend gaining popularity in video on demand in the hospitality market. Video on demand leaders in the hospitality market are developing innovative new products to gain a competitive advantage.
For example, in June 2019, GuestTek Interactive Entertainment Ltd., a Canadian-based company operating in broadband technology and interactive hospitality solutions, launched GuestFlix, a cloud-based video-on-demand platform. A unique feature of the new development is the lack of upfront investment and potential revenue generation from VOD. It’s a secure cloud-based platform, so there’s no need for on-premises his VOD servers, set-top boxes, or license fees.
Countries covered in Hospitality Market Report Video On Demand are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom, United States.
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report attribute |
detail |
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page number |
175 |
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Forecast period |
2022-2026 |
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Estimated market value in 2022 (USD) |
$24.39 billion |
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Projected market value to 2026 (USD) |
$54.61 billion |
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compound annual growth rate |
22.3% |
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Target area |
global |
Reason to buy
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Get a truly global perspective with this most comprehensive report available on the market, covering over 12 geographies.
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Understand how the market has been impacted by the coronavirus and how it may emerge and grow as the impact of the virus wanes.
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Russia Assessment – Impact of War on Supply of Agricultural, Energy and Mineral Commodities, and Direct and Indirect Impacts on Markets Analyzed in the Report.
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Impact of high global inflation on market growth.
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Create regional and national strategies based on local data and analysis.
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Use predictive data and the drivers and trends that are shaping the market to outperform your competitors.
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Benchmark performance against key competitors.
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range
Target market:
1) By Solution: Pay TV. Internet protocol television.over the top
2) By Service: Training and Support.Professional service
3) By delivery model: laptops and desktops.smartphones and tablets; smart TVs
4) By User Type: Hotel.Cruise or Luxury Yachts; Day Care Centers; Other End Users
Main topics:
1.executive summary
2. Characteristics of video on demand in the hospitality market
3. Video on Demand in Hospitality Market Trends and Strategies
4. Video on Demand in the Hospitality Market – Macroeconomic Scenario
5. Video on Demand in Hospitality Market Size and Growth
6. Video on Demand in Hospitality Market Segmentation
7. Video on Demand in Regional and Country Analysis of Hospitality Market
8. Asia Pacific Video on Demand in Hospitality Market
9. Chinese video on demand in the hospitality market
10. Indian video on demand in the hospitality market
11. Japanese video on demand in the hospitality market
12. Australian video on demand in the hospitality market
13. Indonesia Video on Demand in Hospitality Market
14. Korean video on demand in the hospitality market
15. Western Europe Video on Demand in Hospitality Market
16. UK video on demand in the hospitality market
17. German video on demand in the hospitality market
18. French video on demand in the hospitality market
19. Eastern Europe Video on Demand in Hospitality Market
20. Russian video on demand in the hospitality market
21. North America Video on Demand in Hospitality Market
22. USA Video on Demand in the Hospitality Market
23. SOUTH AMERICAN VIDEO ON DEMAND IN THE HOSPITALITY MARKET
24. Brazilian video on demand in the hospitality market
25. Middle East video on demand in the hospitality market
26. African Video on Demand in the Hospitality Market
27. Video-on-Demand Competitive Landscape and Company Profiles in the Hospitality Market
28. Major mergers and acquisitions in hospitality market video on demand
29. Future outlook and potential analysis of video on demand in the hospitality market
30. Appendix
companies mentioned
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Akamai Technologies Co., Ltd.
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alcatel lucent
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Apple.
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AT&T Corporation
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Avaya Holdings Corporation
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Cisco Systems, Inc.
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Ericsson
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Huawei Technologies Co., Ltd.
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netflix inc.
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Amazon.com, Inc.
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Nokia Networks
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walt disney company
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Telefonaktiebolaget LM Ericsson
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ZTE Corporation
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Google LLC.
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