Video on Demand in Hospitality Market Size 2023 by Share, Financial Summary and Growth Opportunity to 2030 | 0Alcatel-Lucent, Huawei Technologies, AT and T, Cisco Systems

PRESS RELEASE
Published November 3, 2023

The Video on Demand in Hospitality Market research report 2023-2030 delivers a close watch on leading competitors with strategic analysis, micro and macro market trends and scenarios, pricing analysis, and a holistic overview of the market situations in the forecast period. The Video on Demand (VOD) in Hospitality market is a pivotal component of the hospitality industry, offering guests the convenience of accessing a wide range of video content on-demand in hotels, resorts, cruise ships, and other hospitality establishments. VOD services enable guests to watch movies, TV shows, and other digital content in their rooms, enhancing their overall experience. The market has witnessed significant growth as the hospitality sector recognizes the importance of providing modern, personalized entertainment options to meet the expectations of tech-savvy travelers.

The global Video on Demand in Hospitality Market is expected to grow at a CAGR of 13.18% from 2023 to 2030. Industry indicates steady expansion, driven by the growing demand for data-driven insights and decision-making across diverse sectors.

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Some of the key players profiled in the study are:

0Alcatel-Lucent, Huawei Technologies, AT and T, Cisco Systems, Apple, Akamai Technologies, Avaya, and Others.

Growing Trends in the Video on Demand in Hospitality Market:

Several key trends are driving the growth of the Video on Demand in Hospitality market. Firstly, there is an increasing demand for personalized content and recommendations, with VOD platforms using AI and machine learning to analyze guest preferences and suggest relevant content. The adoption of high-definition and 4K content is becoming more prevalent, offering guests a superior viewing experience. Hotels are integrating VOD services with their mobile apps, allowing guests to control their in-room entertainment from their smartphones or tablets. Another trend is the provision of live streaming and casting options, enabling guests to stream their own content and stay connected to their favorite streaming platforms. Additionally, VOD services are expanding to provide not only entertainment but also important guest information, services, and local recommendations, creating a more comprehensive guest experience.

Market Segmentation & Scope

The most important types of Video on Demand in Hospitality Markets covered in this report are:

  • On-premises
  • Cloud

The Most important Applications of the Video on Demand in Hospitality Market covered in this report are:

  • Hotels
  • Cruise/Luxury Yachts
  • Day Care Center
  • Others (Restaurants and Lounges)

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Regional Insights

The Video on Demand in Hospitality market shows regional variations in terms of adoption and demand. In North America, the United States and Canada have well-established markets, with hotels offering comprehensive VOD services to cater to guest entertainment preferences. Europe, particularly countries like the UK, Germany, and France, has a strong market for VOD in hospitality, with a focus on multilingual content to accommodate diverse guest needs. The Asia-Pacific region, including countries like China and Japan, is experiencing rapid growth in this market, driven by the expansion of the hospitality sector and the demand for digital entertainment. The Middle East and North Africa are showing increased interest in VOD services, especially in luxury hotels and resorts. Latin America is in the early stages of adoption but is expected to witness growth as the tourism industry expands. Africa is gradually exploring the benefits of VOD in hospitality, particularly in popular tourist destinations and business hubs. The global Video on Demand in Hospitality market is expected to continue expanding as the hospitality sector strives to enhance the guest experience through modern entertainment options.

Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), and market share and growth rate of the Video on Demand in Hospitality Market in these regions, from 2023 to 2030 (forecast), covering
North AmericaEuropeChinaJapan, Southeast Asia, India, North America (USA, Canada, and Mexico) Europe (Germany, France, UK, Russia, and Italy) Asia-Pacific (China, Japan, Korea, India, and Southeast Asia) South America (Brazil, Argentina, Columbia, etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa).

Main Objective of the Report

An increased focus on customer satisfaction and experience surveys will be beneficial for users to opt for market research services. As competition grows, businesses are compelled to come up with innovative tactics to keep and draw in clients. To provide high-quality products or services, many organizations continuously solicit customer input to attain this goal. Market research services for the Video on Demand in Hospitality market are expected to rise between 2023 and 2030 as a result of firms placing a greater emphasis on consumer satisfaction with their products and services.

The key points of the report:

The report provides a basic overview of the industry including its definition, applications, and manufacturing technology.
The report explores the global major industry players in detail. In this part, the report presents the company profile, product specifications, capacity, production value, and 2017-2021 market shares for each company.
Through statistical analysis, the report depicts the global total market of the Video on Demand in Hospitality market including capacity, production, production value, cost/profit, supply/demand, and import/export.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report then estimates the 2023-2030 market development trends of the Video on Demand in Hospitality Market. Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out.
The report makes some important proposals for a new project in the Video on Demand in Hospitality market before evaluating its feasibility.

Strategic Points Covered in Table of Contents of Video on Demand in Hospitality Market:
1 Report Business Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.3 Market by Application
1.4 Study Objectives
1.5 Years Considered

2 Global Growth Trends
2.1 Global Video on Demand in Hospitality Market Perspective
2.2 Growth Trends by Region
2.3 Market Dynamics
2.3.1 Industry Trends
2.3.2 Market Drivers
2.3.3 Market Challenges
2.3.4 Market Restraints

3 Competition Landscape by Key Players
3.1 Global Video on Demand in Hospitality Sales by Manufacturers (2017-2023)
3.2 Global Video on Demand in Hospitality Revenue Market Share by Manufacturers (2017-2023)
3.3 Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.4 Global Video on Demand in Hospitality Average Price by Manufacturers (2017-2023)
3.5 Manufacturers Video on Demand in Hospitality Sales Sites, Area Served, Product Type
3.6 Market Competitive Situation and Trends
3.6.1 Market Concentration Rate
3.6.2 Global 5 and 10 Largest Video on Demand in Hospitality Players Market Share by Revenue
3.6.3 Mergers & Acquisitions, Expansion

4 Video on Demand in Hospitality Market Breakdown Data by Type
4.1 Global Historic Market Size by Type
4.2 Global Forecasted Market Size by Type

5 Video on Demand in Hospitality Market Breakdown Data by Application
5.1 Global Historic Market Size by Application
5.2 Global Forecasted Market Size by Application

6 North America
6.1 North America Market Size
6.2 North America Market Size by Type
6.3 North America Market Size by Application
6.4 North America Market Size by Country

7 Europe
7.1 Europe Market Size
7.2 Europe Market Size by Type
7.3 Europe Market Size by Application
7.4 Europe Market Size by Country

8 Asia-Pacific
9 Latin America
10 Middle East and Africa
11 Key Players Profiles
12 Analyst’s Viewpoints/Conclusions

13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Author Details
13.3 Disclaimer

Customization of the Report: This report can be customized as per your needs for additional data for up to 5 companies or 5 countries or nearly 40 analyst hours.

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