Travel Technology Market | Global Opportunity Analysis and Industry Forecast, 2023-2030

According to the report published by Allied Market Research "The Travel Technology Market | Global Opportunity Analysis and Industry Forecast, 2023-2030." These players have adopted different strategies such as new product launches collaborations expansion joint ventures agreements and others to increase their market share and maintain dominant shares in different regions.

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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Travel technology is an extension of information and communication technology dealing with tourism and hospitality sectors. This technology enables agencies to book flights, tours, transfers, and others. It was majorly related to the airline industry that mostly dealt with computer reservation systems. Currently, mobile devices are the most preferred medium to use travel technologies.

The global travel technology market is segmented based on product and region. Based on product, it is bifurcated into airline & hospitality IT solutions and global distribution system (GDS).

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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.

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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, restraints, 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 is provided to determine the market potential.

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Lastly this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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