New York, Oct. 28, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Video on Demand in Hospitality Industry” – https://www.reportlinker.com/p06033246/?utm_source=GNW
7 Billion by 2027, growing at a CAGR of 25.1% over the analysis period 2020-2027. Hotels, one of the segments analyzed in the report, is projected to record a 22% CAGR and reach US$26.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Cruise / Luxury Yachts segment is readjusted to a revised 29% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4.7 Billion, While China is Forecast to Grow at 24.8% CAGR
The Video on Demand in Hospitality market in the U.S. is estimated at US$4.7 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$13.8 Billion by the year 2027 trailing a CAGR of 24.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 22.2% and 22% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 18.4% CAGR.
Day Care Centers Segment to Record 26.3% CAGR
In the global Day Care Centers segment, USA, Canada, Japan, China and Europe will drive the 26.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.6 Billion in the year 2020 will reach a projected…
