The Business Research Company’s Video On Demand In Hospitality Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Video On Demand In Hospitality Global Market Report 2023 evaluates video on demand in hospitality market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global video on demand in hospitality industry grew from $24.2 billion in 2022 to $29.54 billion in 2023 at a compound annual growth rate (CAGR) of 22.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the video on demand in hospitality is expected to grow to $65.03 billion in 2027 at a CAGR of 21.8%.
Increasing penetration of smartphones and tablets is expected to propel the growth of video on demand in the hospitality market going forward. A tablet refers to a wireless portable computer with a touchscreen interface. A smartphone refers to a cellular phone that includes an integrated computer as well as an operating system, web browsing, and the ability to run software applications. The guest in hotels uses their smartphone or tablet to scan a QR code on the TV to connect the device to the display. The incredible streaming options provided by Video on Demand allow the hospitality industry an unparalleled glimpse at the newest films, fresh from the theater, for immediate viewing or pre-order. For instance, according to Bankmycell, a US-based cost comparison company, the world’s smartphone user base is expected to reach $6.648 billion by 2022, representing 83.37% of the global population. The United States has the highest smartphone penetration, with 81.60 percent of its population, or 270 million people, owning a smartphone. Therefore, the increasing penetration of smartphones and tablets is driving the video on demand in the hospitality market growth.
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The video on demand in hospitality market segments in the report are:
1) By Solution: Pay TV, Internet Protocol Television, Over The Top
2) By Service: Training and Support, Professional Services
3) By Delivery Model: Laptops and Desktops, Smart phones and Tablets, Smart TV
4) By User Type: Hotels, Cruise or Luxury Yachts, Day Care Center, Other End Users
The table of contents in TBRC’s video on demand in hospitality market report includes:
1. Executive Summary
2. Video on Demand in Hospitality Market Characteristics
3. Video on Demand in Hospitality Market Trends And Strategies
4. Video on Demand in Hospitality Market – Macro Economic Scenario
5. Video on Demand in Hospitality Market Size And Growth
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26. Africa Video on Demand in Hospitality Market
27. Video on Demand in Hospitality Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Video on Demand in Hospitality Market
29. Video on Demand in Hospitality Market Future Outlook and Potential Analysis
30. Appendix
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