The evaluation of the various elements of the global Travel Technologies Market dynamics is highly sought after by stakeholders of all types and entrepreneurs planning to make a foray into the market. The study on the global Travel Technologies Market is prepared with the help of several rounds of primary research and a vast spectrum of secondary research. The application of industry-wide statistical methods to the large amount of data generated further adds credibility to the analyses. The study on the global and regional Travel Technologies Market dynamics is a crucial guide to all those stakeholders, especially regulatory agencies and policy makers.
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.
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The increasing demand for automatetravel management systemsis 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 forautomated systemsfrom thetravel and tourismservice 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 asGDSsande-payment systemsto automate the operational and transactional processes. Also, since the manual process and legacy systems are highly inefficient in managing the high volume of transactions inonline 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 theInternet of thing(IoT),big data analytics, andcloud computingis 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 markets growth in the region includes the penetration of lower online travel agencies (OTA) and the presence of fragmented hotel market in Europe.
In 2018, 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 2019-2025.
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.
The key players covered in this study
◙ Dolphin Dynamics
◙ ecare Technology Labs
Market segment by Type, the product can be split into
◙ Airline & Hospitality IT Solutions
◙ Global Distribution System (GDS)
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Market segment by Application, split into
◙ Airline Companies
Market Segment by Regions, regional analysis covers
◙ North America (United States, Canada and Mexico)
◙ Europe (Germany, UK, France, Italy, Russia, Spain and Benelux)
◙ Asia Pacific (China, Japan, India, Southeast Asia and Australia)
◙ Latin America (Brazil, Argentina and Colombia)
◙ Middle East and Africa
Scope of the Market: This report focuses on the global market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, types and applications.
◙ To study and estimate the market size of Travel Technologies Market, in terms of value.
◙ To find growth and challenges for the global market.
◙ To study worthwhile expansions such as expansions, new services launches in Global Travel Technologies Market.
◙ To conduct the pricing analysis for the global market.
◙ To classify and assess the side view of important companies of Global Travel Technologies Market.
Global Travel Technologies Market Report gives answers to Following Vital Questions:
1. What are the risks associated with the sourcing of raw material, or holding the line on costs of services?
2. Who are the emerging competitors in the Global Travel Technologies Market?
3. Expected percentage of the Global Travel Technologies Market Growth over the upcoming period?
4. Why does Global Travel Technologies Market have high growth potential?
5. How does this report match with Investment Policy Statement?
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