Travel Technologies Development Market Technology Innovation and Industry Growth Forecast to 2025

Travel Technologies Market

Summary

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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Major Players in Travel Technologies market are: Amadeus, Sabre, Travelport, Dolphin Dynamics, ecare Technology Labs.

Major Regions play vital role in Travel Technologies market are: United States, Europe, China, Japan, Southeast Asia, India, Central & South America.

Research Framework

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.

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Scope of the Report:

Global Travel Technologies Market: Type Outlook: Airline & Hospitality IT Solutions, Global Distribution System (GDS).

Global Travel Technologies Market: Application Outlook: Airline Companies, Hotels, Others.

The report covers exhaustive analysis on:

1.Overview of the parent market

2.Global Travel Technologies Market Segments, Dynamics, Market Size, Share, Price, Volume, and Cost

3.Historical, current and projected market size in terms of volume and value

4.Supply & Demand Value Chain

5.Global Travel Technologies Market dynamics, including the current trends/drivers/threats/restraints/challenges

6.Potential and niche segments/regions exhibiting promising growth

7.Market landscape, competition, and leading companies involved

8.Strategies of leading companies and product offerings

9.Technological advancements

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In the end, the report includes a detailed analysis of the leading competitors functioning in this market. In order to calculate the market size, the report considers the sales, value, volume, and exclude new installations, replacement, spares, shipments, aftermarket sales, retrofit, and services market.

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