Travel Technologies COVID-19 Scenario - The Market Gets a Reality Check | Sabre, mTrip, Dolphin Dynamics, Amadeus IT Group

Travel technology is an extension of information and communication technology which is dealing with the tourism and hospitality sectors. By using this technology agencies can book flights, tours, transfers, and others. Travel technology has majorly related to the airline industry that mostly dealt with computer reservation systems. Of late, with the increasing numbers of mobile devices are the most preferred medium to use travel technologies. On the other hand, 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. According to AMA, the Global Travel Technologies market is expected to see growth rate of 6.2% and may see market size of USD8.9 Billion by 2024.

Global Travel Technologies Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, players market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. In addition, the study helps venture or private players in understanding the companies in more detail to make better informed decisions.

Major Players in This Report Include,
Amadeus IT Group (Spain), Sabre Corporation (United States), Travelport (United Kingdom), Dolphin Dynamics (United Kingdom), mTrip (Canada), Toursys Solutions (Thailand), Tramada Systems (Australia), TravelCarma (United States), Trip Solutions (United Kingdom) and Web Booking Expert (Romania)

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Market Drivers
• Surging in business travel expenditure
• Increasing usage of social media and big data analytics

Market Trend
• The increasing adoption of biometrics and wearable technologies
• Soaring deployment of AI, IoT and cloud technology

Restraints
• Lack of synchronization by booking engines and online travel agencies (OTAs)

Opportunities
• A shift towards SaaS-based and hosted solutions across the globe
• The increasing need to automate travel management systems

Challenges
• Increasing cyber attack to gather the information of customer

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In this research study, the prime factors that are impelling the growth of the Global Travel Technologies market report have been studied thoroughly in a bid to estimate the overall value and the size of this market by the end of the forecast period. The impact of the driving forces, limitations, challenges, and opportunities has been examined extensively. The key trends that manage the interest of the customers have also been interpreted accurately for the benefit of the readers.

The Travel Technologies market study is being classified by Type, Applications and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).

The Global Travel Technologies is segmented by Type (Airline & Hospitality IT Solutions, Global Distribution System (GDS)), Application (Airline Companies, Hotels, Others), Component Type (Hardware, Software, Services)

The report concludes with in-depth details on the business operations and financial structure of leading vendors in the Global Travel Technologies market report, Overview of Key trends in the past and present are in reports that are reported to be beneficial for companies looking for venture businesses in this market. Information about the various marketing channels and well-known distributors in this market was also provided here. This study serves as a rich guide for established players and new players in this market.

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Current Scenario Analysis for Decision Framework
Key Strategic Developments in Travel Technologies Market:
The research includes the key strategic activities such as Research & Development (R&D) initiatives, Merger & Acquisition (M&A) completed, agreements, new launches, collaborations, partnerships & (JV) Joint ventures, and regional growth of the key competitors operating in the market at global and regional scale to overcome current slowdown due to COVID-19.

Key Market Features in Global Travel Technologies Market
The report highlights Travel Technologies market features, including revenue size, weighted average regional price, capacity utilization rate, production rate, gross margins, consumption, import & export, demand & supply, cost bench-marking in Travel Technologies, market share and annualized growth rate (Y-o-Y) and Periodic CAGR.

Extracts from Table of Contents
Global Travel Technologies Market Research Report
Chapter 1 Global Travel Technologies Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Revenue (Value, Volume*) by Region
Chapter 5 Global Supplies (Production), Consumption, Export, Import by Regions
Chapter 6 Global Revenue (Value, Volume*), Price* Trend by Type
Chapter 7 Global Market Analysis by Application
………………….continued

This report also analyzes the regulatory framework of the Global Markets Travel Technologies Market Report to inform stakeholders about the various norms, regulations, this can have an impact. It also collects in-depth information from the detailed primary and secondary research techniques analyzed using the most efficient analysis tools. Based on the statistics gained from this systematic study, market research provides estimates for market participants and readers.

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