This report focuses on the global Travel Technologies status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Travel Technologies development in United States, Europe and China.
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.
The increasing demand for automate travel management systems is 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 for automated systems from the travel and tourism service providers is to minimize the cost, streamline the routine business processes, increase safety, security, and visibility, automate tracking systems, and reduce the operational costs. As a result, these travel and tourism service providers use travel automation technologies such as GDSs and e-payment systems to automate the operational and transactional processes. Also, since the manual process and legacy systems are highly inefficient in managing the high volume of transactions in online 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 the Internet of thing (IoT), big data analytics, and cloud computing is 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 2023. According to the market research and analysis, some of the major factors responsible for the market’s growth in the region includes the penetration of lower online travel agencies (OTA) and the presence of fragmented hotel market in Europe.
In 2017, the global Travel Technologies market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2018-2025.
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The key players covered in this study
Market segment by Type, the product can be split into
Market segment by Application, split into
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The study objectives of this report are:
In this study, the years considered to estimate the market size of Travel Technologies are as follows:
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