The global Travel Technology Market was valued at USD 6.81 billion in 2019 and is expected to reach USD 14.34 billion by the year 2027, at a CAGR of 11.35%.
Travel technology is an extended branch of information and communication technology dealing with tourism and hospitality industry. This technology helps and guides the agencies to book the flights, tours, and other travel facilities. The airline industry is the most used end-user for this technology as it mostly was referring to the computer reservation systems. According to analysts, increasing business travel spending, use of social media and big data analytics will affect the size of the market growth. However, synchronization issues between booking agencies and online travel agencies will hinder the growth of the market. Institutions are relying on SaaS-based and hosted solutions to seize a major growth opportunity in the market.
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The latest research report published by Introspective Market Research on Travel Technology Market is intended to provide you with reliable data on various key factors shaping the growth curve of the market. The report serves as a rich source of information for key institutions such as policy makers, end-use industries, investors, and opinion leaders. A new informative report on the global travel technology market that helps shape the future of your business by making informed business decisions. It provides comprehensive analysis of various business aspects such as global market trends, recent technological advances, market share, size, and new innovations. In addition, these analytical data were collected through data exploration techniques such as primary and secondary studies.
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Some are the players that are considered in the coverage of this study are:
Amadeus, Navitaire, Sabre, Travelport, CRS Technologies, mTrip, Qtech Software, Tramada Systems, PcVoyages 2000, Lemax
Introspective Market research Reports in a recent report focused on providing all the market potentials and drivers influencing the market. The opportunities and constraints for the market are presented after reviewing all market estimates and details provided by reliable sources for the travel technology market. In addition to a detailed description of the key factors, the report provides a complete understanding of the challenges, opportunities and factors that are influencing the future market growth.
Product Segment Analysis: Airline & Hospitality IT Solutions, Global Distribution System (GDS)
By Product, the market is segmented into Airline & Hospitality IT Solutions and Global Distribution System (GDS). The Global Distribution System (GDS) segment held the most significant market share of 56.81% in the year 2027 with the market size of USD 8.17 billion. The Airline & Hospitality IT Solutions segment held the market share of 43.19% with the market size of USD 6.12 billion in the year 2027.
Application Segment Analysis: Travel Industry, Tourism Industry, Hospitality Industry
By Application type, the market is segmented into Travel Industry, Tourism Industry and Hospitality Industry. In this segment, Tourism Industry segment is accounted for the largest segment with the market share of 39.15% and estimated to have a market size of USD 5.67 billion in the year 2027 with the CAGR of 11.46%.
Regional Segment
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
- Asia-Pacific (China, India, Japan, Southeast Asia etc.)
- South America (Brazil, Argentina etc.)
- Middle East & Africa (Saudi Arabia, South Africa etc.)
The growth factors of the global travel technology market are detailed by the various users of the market. Information is supplied by market participants, regions, types, and applications based on specific requirements. This market-ready research proposal is a detailed overview highlighting all the key developments dominating simultaneously in all regions of the market. Present essential data analysis in the form of statistics, infographics, and simple graphs to make it easier and time-saving for customers.
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The analytical document further identifies unique alternatives, challenging situations and challenging situations in the Travel Technology market. A framework of ideas will help readers decide and plan a method for their prospects. Our hurdles, challenging circumstances, and market challenges further inform our readers how businesses can save them.
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- A strong research methodology was followed to collect data for the report. The data collected in this way are subjected to several quality checks to provide the best quality.
- The report provides a holistic view of the competitive scenario of the Travel Technology market.
- The latest product launches, along with technological changes and developments, are included in the report.
- The data analysis in the report will help you understand the Travel Technology market dynamics projected from 2021 to 2027.
- The Report has a vast data store, so it can accommodate your custom needs as well.
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Key Stakeholders / Target Audience Covered:
The Global Travel Technology Market report includes market data from 20121 to 2027 and provides a market overview covering key drivers and risk factors. This report is segmented by top global manufacturers mentioning sales, revenue, and their prices. It also evaluates competitive scenarios for key players. The report is expanded to include regional market data along with type and application. The report forecasts sales and revenue from 2021 to 2027. Detailed sales channels are also covered in this study.
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Arranging trips to travellers by travel agencies is a very big challenge.
If you are planning to launch a Travel App then this is the right time to start your online business as all travel agencies are taking a start.
There Are Some Major Features Of Travel Mobile Application Online or real-time availability check and booking - By using pocket-friendly device travelers can easily check availability and fares of flight or accommodations of any date and location.
Easy tracking - By accessing a mobile application users can easily track his/her previous booking, tracking of upcoming bookings.
Online Payment Gateway to make the payment - A secured Payment Gateway Integration to make it easy for travelers to make payments for Flight Bookings, Hotel Bookings, Bus/Car Bookings.
Save your time - By using Mobile Application Travellers as well as Travel Agents can make bookings of Flight and Hotel easily as per their need without spending time.
