Video on Demand in Hospitality Market Worth 19.11 Billion USD by 2021

Video on Demand in Hospitality Market Worth 19.11 Billion USD by 2021

PUNE, India, June 9, 2016 /PRNewswire/ --



According to a new market research report, "Video on Demand in Hospitality Market by
Solution (Pay TV, IPTV, and OTT), by Service, by Delivery Model, by User type, by Revenue
Model, and by Region - Global Forecast to 2021", published by MarketsandMarkets, market is
expected to reach USD 19.11 Billion by 2021, at a CAGR of 22.6% during the forecast
period.



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Browse 65 market data Tables with 55 Figures spread through 127 Pages and in-depth TOC
on "Video on Demand in Hospitality Market"

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VOD in hospitality is growing gradually and been adopted by users for watching
on-demand videos, events, and advertisements. The continuous developments in this
technology and its solutions have also encouraged hospitality segments to adopt VOD
solutions and services.



Rising need for Internet Protocol Television (IPTV) solution is driving the VOD in
hospitality market 



There has been rise in the adoption of VOD solutions such as pay TV, Internet Protocol
Television, and OTT among hospitality businesses. The hotels and other luxury resorts are
adopting IPTV VOD solutions to provide in-room viewing experience for guest. These IPTV
allow guest to record, rewind, forward, and pause the video content they are watching
along with this, IPTV also helps them to set wake-up calls, request room service, view
their bills, and check out services.



Rising need for smartphones and tablets as delivery model is driving the VOD in
hospitality market 



Now-a-days individuals prefer using their smart phones and tablets to browse internet
while staying at hotels or sitting at restaurants. Many hotels do provide their devices to
their guests to work on internet, or browse various websites but many people do not find
it safe due to rising data hacking activities. Hence, most of the hospitality segments
have started providing Wi-Fi and 3G networking connections so that guest can make use the
internet on their own devices.



North America is expected to adopt VOD in hospitality solutions and services
significantly in 2016 



The North American region has been a predominately concerned market toward the
adoption of VOD solutions and services. The high adoption of digital technology among
hospitality industry is helping the VOD market to grow in North America. Moreover, in this
region the U.S. and Canada based hospitality segments are using VOD services significantly
for marketing and branding of their hotels, resorts, and others.



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The Video on Demand in Hospitality Market consists of major players such as
Alcatel-lucent (France), Ericsson (Sweden), Huawei (China), AT&T (U.S.), Cisco (U.S.), and
Apple (U.S.). There is also a significant presence of other players such as Microsoft
(U.S.), Akamai (U.S.), Avaya (U.S.), and Netflix (U.S.) in this market.



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