According to a new market research report, by MarketsandMarkets, “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 is expected to reach USD 19.11 Billion by 2021, at a CAGR of 22.6% during the forecast period.
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.
The hotels and other luxury resorts are adopting IPTV solutions to provide in-room viewing experience for guest and also helps them to set wake-up calls, request room service, view their bills, and check out services.
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