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.
Browse 65 market data Tables with 55 Figures spread through 127 Pages and in-depth TOC on "Video on Demand in Hospitality Market"
Early buyers will receive 10% customization on this report.
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.
Request Sample Pages - http://www.marketsandmarkets.com/requestsample.asp?id=125991269
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.
Browse Related Reports
Video on Demand (VOD) Market by Solution (Pay TV, OTT, IPTV), by Delivery (TVOD, SVOD, NVOD), by Application (Entertainment, Education and Training, Video Kiosk, E-commerce, Digital Libraries), and by Geography - Global Forecast and Analysis to 2019
Enterprise Video Market by Delivery Mode (Web Conferencing, Webcasting, Video Conferencing, Video Streaming), Applications (Corporate Communication, Learning & Development, Knowledge Sharing & Management), Vertical & Region - Global Forecasts to 2020
Content Delivery Network (CDN) Market by Solutions (Web Performance Optimization, Media Delivery, Cloud Storage and Data Security, Transparent Caching, Transcoding & Digital Rights Management and Analytics and Monitoring) - Global Forecast to 2020
MarketsandMarkets is the world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India