What Is The Leading Driver Behind Smartphones And Tablets Fuel Video On Demand Growth In Hospitality Market Market Expansion in 2025

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What Will the Video on Demand in Hospitality Industry Market Size Be by 2025?_x000D_
Rapid growth has been observed in the sector of video on demand within the hospitality market in recent times. The projections indicate that the market value will rise from $33.75 billion in 2024 to $39.91 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 18.2%. The significant expansion during the historic period is the result of a surge in demand for in-room entertainment, enhanced access to high-speed internet, prevalent use of smart TVs and interconnected gadgets, enlargement of content libraries, streaming services proliferation, and the growing trend of personalized guest experiences._x000D_
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What's the Long-Term Growth Forecast for the Video on Demand in Hospitality Market Size Through 2029?_x000D_
Predictions show a surge in the size of the video on demand in hospitality market in the upcoming years, with an expected value of $94.9 billion by 2029, growing at a CAGR of 24.2%. The significant growth anticipated during the forecast period relies on the widespread use of voice-activated controls for VoD, focus on contactless and mobile-enabled VoD access, growth in recommended personalized content, increasing demand for 4K and high-resolution content, and extending use of VoD services for meetings and events. Key trends for this period include the creation of tailored hotel-branded content, smooth billing through integration with hotel management systems, partnerships between hospitality chains and content providers, data analytics to understand guest behavior and content preferences, and the introduction of virtual reality (VR) and augmented reality (AR) experiences in VoD._x000D_
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What Are the Key Growth Drivers Fueling the Video on Demand in Hospitality Market Expansion?_x000D_
The proliferation of smartphones and tablets is anticipated to spur the expansion of Video on Demand in the hospitality industry. A tablet is defined as a portable, wireless computer with a touchscreen interface, while a smartphone is a mobile phone encompassing an inbuilt computer with an operating system, web browsing capabilities, and the potential to run various software apps. Hotel guests utilize their smartphone or tablet to scan a TV's QR code to link their device to the display. The exceptional streaming options offered by Video on Demand grant the hospitality sector unparalleled access to new films, straight from the theater, for instant viewing or pre-booking. For example, Bankmycell, a cost comparison firm in the US, predicts that the global smartphone user base will reach $6.648 billion by 2022, accounting for 83.37% of the world's population. The United States tops the list in terms of smartphone penetration, with 81.60% of its populace or 270 million people, possessing a smartphone. Consequently, the escalating prevalence of smartphones and tablets is propelling growth in the Video on Demand hospitality industry._x000D_
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What Are the Key Trends Driving Video on Demand in Hospitality Market Growth?_x000D_
Leading firms in the hospitality video-on-demand market are focusing on the creation of advanced integration solutions such as QAM to optimize content delivery and improve guest entertainment. QAM for hospitality networks allows for effective bandwidth management and high-quality video streaming, providing a superior viewing experience for guests. For example, in October 2023, WISI Communications GmbH & Co. KG, a company based in Germany specializing in electronic manufacturing, introduced an innovative ABR Receive Solution within the Tangram Video Platform for Optimized Video Delivery at Hospitality Locations. The ABR Receive solution of the Tangram Video Platform enables video operators to transform ABR streams into IP or QAM efficiently, reducing redundancy at the headend and boosting operational efficiency. This cutting-edge platform operates at the edge, flawlessly altering streams while preserving the integrity of the existing infrastructure. By featuring a modular 1RU chassis, it allows customization for location-specific requirements and integrates features such as bulk decryption and re-encryption in one compact unit._x000D_
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How Is the Video on Demand in Hospitality Market Segmented?_x000D_
The video on demand in hospitalitymarket covered in this report is segmented - _x000D_
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1) By Solution: Pay TV, Internet Protocol Television, Over The Top_x000D_
2) By Service: Training and Support, Professional Services_x000D_
3) By Delivery Model: Laptops and Desktops, Smart phones and Tablets, Smart TV_x000D_
4) By User Type: Hotels, Cruise or Luxury Yachts, Day Care Center, Other End Users_x000D_
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Subsegments:_x000D_
1) By Pay TV: Subscription-Based Pay TV, Pay-Per-View Services _x000D_
2) By Internet Protocol Television (IPTV): Live Streaming IPTV, On-Demand IPTV Services _x000D_
3) By Over The Top (OTT): Subscription-Based OTT Services, Advertising-Based OTT Services, Transactional Video On Demand (TVOD) _x000D_
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Which Companies Are Leading the Charge in Video on Demand in Hospitality Market Innovation?_x000D_
Major companies operating in the video on demand in hospitality market include Akamai Technologies Inc., Alcatel-Lucent Enterprise, Apple Inc., AT&T Inc., Avaya Holdings Corporation., Cisco Systems Inc., Telefonaktiebolaget LM Ericsson, Huawei Technologies Co Ltd., Netflix Inc., Amazon. com Inc., Nokia Networks, The Walt Disney Company, ZTE Corporation, Google LLC, Broadpeak Technologies Pvt Ltd., Comcast Technology Solutions, Conax Technologies, Deluxe Entertainment Services Group, Edgeware AB, Elemental Technologies LLC, Espial Group Inc., Harmonic Inc., Imagine Communications Corp., Inca Networks Inc., Kaltura Inc., Minerva Networks Inc., Muvi LLC, NeuLion Inc. _x000D_
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Which Regions Are Leading the Global Video on Demand in Hospitality Market in Revenue?_x000D_
North America was the largest region in the video on demand hospitality market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the video on demand in hospitality market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa_x000D_
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