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Video on Demand in Hospitality Market by Solution , by Service, by Delivery Model, by User type, by Revenue Model, and by Region - Global Forecast to 2021

Video on Demand: Hospitality Market Forecast until 2021

  • June 2016
  • 129 pages
  • ID: 3903663
In this report:
North America, with ##.##%, is expected to have the largest share in the VOD in hospitality market, followed by Europe with a share of ##.##% in 2016.
The global VOD in hospitality market is expected to grow at a CAGR of ##.##% from 2016 to 2021 to reach USD ##,##.## million
The VOD market is expected to exhibit a significant growth rate (##.##%) for the period of five years from 2016 to 2021.

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"The increasing demand for over the top solutions among users will facilitate the video on demand in hospitality market grow significantly"

MarketsandMarkets forecasts the VOD in hospitality market to grow from ~$6.9B in 2016 to ~$19.1B by 2021, at a compound annual growth rate of 22.60 percent. OTT solutions can be integrated with existing video on demand systems so as to streamline the management of streaming VOD. The integration of over the top solution allow users to watch movies videos, and TV content through Internet and without a subscription of traditional cable or satellite pay-TV services including Comcast and Time Warner Cable. Also, the OTT services are also being spread over the other communication modes, including audio and video. The speedy rise of media and entertainment integration is also driving the VOD market.

"Pay TV is the biggest solution segment in the VOD in hospitality market in 2016"

Pay TV is also known as the subscription-based TV service. It offers both analog and digital cable services through digital and internet-based TV. It is based on the concept of paying a subscription fees to watch content along with providing interactive user experience. It is expected that in the upcoming pay TV will grow extensively in the APAC region due to the high adoption of technologies in the luxury hotels and restaurants.

"Asia Pacific (APAC) is anticipated to become one of the main adopters of video on demand solutions in hospitality market by 2021"

Asia-Pac is increasing at the maximal rate in comparison to other regions. Furthermore, territories in the territory, primarily Australia and China (CN), are prominently adopting advanced technologies and solutions within the institutions for growing profits together with customer satisfaction.

Moreover, the adoption of emerging technologies and the economic increase of countries including India and China (CN) are driving the adoption of video streaming solutions and services.

Distribution of profile of primaries

By Company: Tier 1(33.0 percent), Tier 2 (50.0 percent), and 1/3 3 (17.0 percent)

By Description: C-suite (56.0 percent), D-level (33.0 percent), and other executives (11.0 percent)

By area: North america (NA) (29.0 percent), Europe (57.0 percent), and APAC (14.0 percent)

Growing demand for video on demand solution will create new opportunities in this industry

In the coming five years, the increasing demands of VOD solution will improve the offerings and create huge opportunities for increase. There has been a significant increase in the past five years, from traditional TV to video on demand content delivery. This has improved the adoption of mobile-based VOD solutions in hospitality sector.

The industry report will facilitate the market top players/new sector entrants in this sector in these ways:

1. This document breaks down the market into solution, service, delivery model, user type, revenue model, and area covering this industry overall. The study offers the best approximations of the revenue data for the global market and sub-segments. The industry numbers are further split across distinct users and localities.

2. This industry report will facilitate them better comprehend the players and obtain more insights to better position ones business. There is a separate division on opposing landscape, containing end-user review, acquisition, and business developments. Besides this, there are company profiles of ten main actors in this sector. In this part, industry internals are provided that can help place one's organization ahead of its competitors.

3. The analysis benefits them to comprehend the pulse of the sector. The market research offers info on main market drivers, market restraints, opportunities, and alternatives.

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