The global market for video on demand in hospitality, which was originally anticipated to be worth US$22 billion in 2022 but has since been increased to US$157.2 billion by 2030, is expected to grow at a CAGR of 27.8% from 2022 to 2030. The report projects that one of its segments, hotels, will grow at a 23.8% CAGR and reach US$49.6 billion by the conclusion of the analysis period.
The growth of the Cruise / Luxury Yachts segment is readjusted to a revised 32.7% CAGR for the following 8 years in order to account for the ongoing post-pandemic recovery. In the United States, the market for video on demand in the hospitality sector is anticipated to reach US$6.4 billion in 2022.
China, the second-largest economy in the world, is anticipated to reach a projected market size of US$27.6 billion by 2030, growing at a CAGR of 27.4% from 2022 to 2030. Japan and Canada are two more notable geographic markets, with growth rates of 24% and 23.8%, respectively, expected between 2022 and 2030. Germany is anticipated to expand within Europe at a CAGR of roughly 19.2%.