Global Video on Demand in Hospitality Market to Reach $157.2 Billion by 2030
The global market for Video on Demand in Hospitality estimated at US$39.9 Billion in the year 2023, is expected to reach US$157.2 Billion by 2030, growing at a CAGR of 21.6% over the analysis period 2023-2030. Video on Demand in Hotels, one of the segments analyzed in the report, is expected to record a 18.6% CAGR and reach US$49.6 Billion by the end of the analysis period. Growth in the Video on Demand in Cruise / Luxury Yachts segment is estimated at 25% CAGR for the next 7-year period.
The U.S. Market is Estimated at $12.6 Billion, While China is Forecast to Grow at 21.3% CAGR
The Video on Demand in Hospitality market in the U.S. is estimated at US$12.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$27.6 Billion by the year 2030 trailing a CAGR of 21.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18.7% and 18.5% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 15.3% CAGR.
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