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Increasing penetration of smartphones and tablets are expected to drive innovation in video on demand in hospitality manufacturing, thus driving the market during the forecast period.

The global video on demand in hospitality market is expected to grow from $24.2 billion in 2022 to $29.54 billion in 2023 at a compound annual growth rate (CAGR) of 22.1%. The video on demand in hospitality market size is expected to grow to $65.03 billion in 2027 at a CAGR of 21.8%.

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Global Video On Demand In Hospitality Market Segments Include:

• By Solution: Pay TV, Internet Protocol Television, Over The Top
• By Service:Training and Support, Professional Services
• By Delivery Model:Laptops and Desktops, Smart phones and Tablets, Smart TV
• By User Type: Hotels, Cruise or Luxury Yachts, Day Care Center, Other End Users
• By Geography:The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global video on demand in hospitality market in 2021.

Major Market Players in the video on demand in hospitality market include Akamai Technologies Inc., Alcatel-Lucent, Apple Inc., AT&T Inc., Avaya Holdings Corporation, Cisco Systems Inc., Ericsson, Huawei Technologies Co.

Technological advancements are a key trend gaining popularity in video on demand in the hospitality market. To gain a competitive advantage in the video-on-demand market, major companies in the hospitality industry are developing new innovative products. For instance, in October 2021, TELEV8 LLC, a US-based technology company, launched LiveTV, a TVaaS platform designed to reduce the overall cost of delivering content to hotels and modernise the free-to-guest TV experience. It includes features such as pause/play, rewind/fast forward, replay TV, search, and video on-demand. This platform delivers content in a secure, simple, and bandwidth-efficient manner, allowing hotels to continue offering free TV to guests at a lower cost.

The Video On Demand In Hospitality Global Market Report 2023  provides a video on demand in hospitality market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The video on demand in hospitality market forecast analyzes video on demand in hospitality market size, video on demand in hospitality market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Video on demand in hospitality refers to a technology that allows guests to choose and watch video content on their TVs or computers and use videoconferencing for hospitality purposes. TV typically uses broadcast technology, whereas video on demand uses unicast transmission. A variety of video programming is available on video on demand, including sports, entertainment, instructional, and feature films.

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