Travel technologies are IT solutions used by airline companies, hotels, and OTAs to manage end-to-end travel solutions. IT solutions such as travel network management solution GDS, mobile solution, platform solutions, e-commerce software solution, data management solutions, and digital marketing solutions are primarily implemented in the travel industry.Ê
Scope of the Report:This report studies the Travel Technologies market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Travel Technologies market by product type and applications/end industries.
The increasing demand for automateÊtravel management systemsÊis expected to drive the growth prospects for the global travel technologies market in the coming years. Some of the major factors responsible for the growing demand forÊautomated systemsÊfrom theÊtravel and tourismÊservice providers is to minimize the cost, streamline the routine business processes, increase safety, security, and visibility,Êautomate tracking systems, and reduce the operational costs. As a result, these travel and tourism service providers use travel automation technologies such asÊGDSsÊandÊe-payment systemsÊto automate the operational and transactional processes. Also, since the manual process and legacy systems are highly inefficient in managing the high volume of transactions inÊonline travel agencies, the travel providers have shifted from conventional methods towards the automated systems. Moreover, it has been observed that the demand for IT technological solutions such as theÊInternet of thingÊ(IoT),Êbig data analytics, andÊcloud computingÊis increasing with the advancements made in the travel industry by using automated travel management systems.
EMEA accounted for the maximum market share during 2017 and is expected to continue to dominate the market until the end of 2026. According to the market research and analysis, some of the major factors responsible for the marketÕs growth in the region includes the penetration of lower online travel agencies (OTA) and the presence of fragmented hotel market in Europe.
The global Travel Technologies market is valued at xx million USD in 2020 and is expected to reach xx million USD by the end of 2026, growing at a CAGR of xx% between 2020 and 2026.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Travel Technologies.
Europe also play important roles in global market, with market size of xx million USD in 2020 and will be xx million USD in 2026, with a CAGR of xx%.
Market Segment by Companies, this report covers Amadeus
Sabre
Travelport
Dolphin Dynamics
ecare Technology Labs
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Airline & Hospitality IT Solutions
Global Distribution System (GDS)
Market Segment by Applications, can be divided into Airline Companies
Hotels
Others
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.