Asia-Pacific (APAC) is expected to become one of the major adopters of video on demand solutions in hospitality industry by 2021. APAC is growing at the highest rate in comparison to other regions. Moreover, countries in the region, mainly Australia and China, are prominently adopting advanced technologies and solutions within the organizations for increasing profits along with customer satisfaction. Complete report on video on demand in hospitality market spread across 127 pages, profiling 10 companies and supported with 65 tables and 55 figures is now available at http://www.rnrmarketresearch.com/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-market-report.html .
The rising demand for over the top solutions among users will help the video on demand in hospitality market grow significantly. The VOD in hospitality market to grow from $6.89 billion in 2016 to $19.11 billion by 2021, at a CAGR of 22.6%. OTT solutions can be integrated with existing video on demand systems so as to streamline the management of streaming VOD.
The speedy growth of media and entertainment integration is driving the VOD market. The integration of over the top solution allow users to watch movies videos, and TV content through Internet and without a subscription of traditional cable or satellite pay-TV services such as Comcast and Time Warner Cable. Moreover, the OTT services are also being spread over the other communication modes, such as audio and video.
Pay TV is the largest solution segment in the VOD in hospitality market in 2016. Pay TV is also known as the subscription-based TV service. It provides both analog and digital cable services through digital and internet-based TV. It is based on the concept of paying a subscription fees to watch content along with providing interactive user experience. It is expected that in the upcoming pay TV will grow extensively in the APAC region due to the high adoption of technologies in the luxury hotels and restaurants. Get sample report at http://www.rnrmarketresearch.com/contacts/request-sample?rname=610135 .
Key Target Audience:
- VOD solution providers
- VOD platform providers
- Service providers
- Third party providers
- Internet service providers
Furthermore, the adoption of emerging technologies and the economic growth of countries such as India and China are driving the adoption of video streaming solutions and services.
Increasing demand for video on demand solution will create new opportunities in this market. In the coming five years, the growing demands of VOD solution will improve the offerings and create huge opportunities for growth. There has been a significant rise in the past five years, from traditional TV to video on demand content delivery. This has improved the adoption of mobile-based VOD solutions in hospitality industry. The companies profiled in this report include Alcatel Lucent, Ericsson, Huawei Technologies, AT&T, Inc., Cisco Systems, Apple, Inc., Microsoft Corporation, Akamai Technologies, Avaya and Netflix, Inc. Make an Inquiry on “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” research report at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=610135 .
In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (33%), Tier 2 (50%) and Tier 3 (17%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C-level Executives (56%), Director Level (33%) and others (11%) from various key organizations operating in the video on demand in hospitality market. The primary interviews were conducted worldwide covering regions such as North America (29%), Europe (57%), and APAC (14%).
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