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Travel Technology Market Analysis Report 2018 by Size, Share, Growth and Assessment to 2023
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Increase in business travel expenditure, and usage of social media and big data analytics drives the market growth. However, synchronization issues by booking engines and online travel agencies (OTAs) restrain this growth. A shift towards SaaS-based and hosted solutions presents a major opportunity for market expansion.
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The global travel technology market is segmented based on product and region. On the basis of product, it is bifurcated into airline & hospitality IT solutions and global distribution system (GDS). Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in the market are Amadeus Navitaire, Sabre, Travelport, CRS Technologies, mTrip, Qtech Software, Tramada Systems, PcVoyages 2000, and Lemax.
Key Benefits
The study provides an in-depth analysis of the global travel technology market and current & future trends to elucidate the imminent investment pockets.
Information about the key drivers, restrains, and opportunities and their impact analysis on the market size are provided.
Porters Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.
The quantitative analysis of the market from 2017 to 2023 is provided to determine the market potential.
Travel Technology Market Key Segments:
By Product
Airline & Hospitality IT Solutions
Global Distribution System (GDS)
By Region
The company makes use of primary corporate research and secondary inputs from trusted sources to build its own reference base. It maintains consistency in quality as it keeps itself updated with changes in market dynamics and gauging its net effect on global business trends.
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