Uploaded on Nov 7, 2024
According to the latest research report by IMARC Group, The global travel technology market size reached US$ 10.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 17.8 Billion by 2032, exhibiting a growth rate (CAGR) of 6.4% during 2024-2032. More Info:- https://www.imarcgroup.com/travel-technology-market
Travel Technology Market by Product Type, Distribution Channel, End User 2024-2032
Global Travel Technology Market Research and Forecast Report 2024- 2032 Format: PDF+EXCEL © 2023 IMARC All Rights Reserved About IMARC Group IMARC Group is a g lobal management consul t ing f i rm that he lps the wor ld ’s most ambi t ious changemakers to create a las t ing impact . Across the s ix major cont inents and 100+ count r ies , we work a longside our bus iness par tners as one team wi th a common ambi t ion to achieve unparal le led resul ts , gain a compet i t ive edge, and t ransform indust r ies . IMARC Group excels in unders tanding i ts c l ients ’ bus iness pr ior i t ies and del iver ing ta i lored solut ions that dr ive meaningfu l outcomes. Our c l ient base spans over 3,000 organizat ions in the pr ivate, publ ic , and soc ia l sectors , ranging f rom high-growth s tar tups to For tune 500 companies. We prov ide a comprehensive sui te of market entry and expansion serv ices. Our of fer ings inc lude thorough market assessment , feas ib i l i ty s tudies, company incorporat ion ass is tance, fac tory setup suppor t , regulatory approvals and l icens ing navigat ion, branding, market ing and sales st rategies, compet i t ive landscape and benchmark ing analyses, pr ic ing and cost research, and procurement research. These serv ices are des igned to ass is t companies in evaluat ing market oppor tuni t ies , set t ing up new ent i t ies , navigat ing regulatory landscapes, boost ing brand v is ib i l i ty , analyz ing compet i tors, and opt imiz ing procurement s t rategies. Acco r d ing t o t he l a t es t r ep o r t by I M ARC G r oup , t i t l ed "T rav e l Tech no l og y M ark e t : G l o ba l I ndu st ry T re nds , Sh are , S i ze , G row t h , O pp or t u n i t y an d Fo recas t 20 24 - 2032 , " t he g loba l t r a ve l t echno logy m ar k e t s i ze r e ache d US$ 10 . 0 B i l l i o n i n 2023 . T r av e l t ech no lo gy i s w i de l y use d t o desc r i be a t r a ve l sys t em t ha t i nc lud es Report i n f o r m a t io n and com m un i ca t i on t ech no logy ac r oss t h e t r a ve l , t ou r i sm and h osp i t a l i t y sec t o r s . I t f ac i l i t a t es t r av e l p r oce sse s , i nc lud i ng f l i gh t t r ack i ng , t r a ve l p lann i ng , r ese r va t io n m anag em e n t a nd c us t o m er r ev ie ws , f o r v a r i ou s t r a ve l age n t s and t ou r Highlight and ope r a t o r s . They o f f e r num er ous so f t wa r e and app l i ca t i o ns f o r t h e sm o o t h f unc t i on ing o f t h ese Description ope r a t i ons , t he r eb y i m pr o v ing boo k ing r a t es an d en su r in g im pr ov ed c us t om er exp er ienc e . T hese se r v i ces a r e a l so ex t en s i ve l y use d f o r ena b l i ng e asy t r an sac t io ns , c r ea t i n g cus t om ize d i t i ne r a r i es and m ana g ing t r a ve l i nsu r ance i n a con ven ien t m a nne r . Reque st f o r a P DF s ampl e o f t h i s repor t : h t t p s : / / www. im ar c g r ou p . com / t r ave l - t echno logy - m ar k e t / r eques t sam p le Report Description G l ob a l T rave l Tec hno l o gy M ark e t T re nds : The g loba l m ar ke t i s p r im ar i l y d r i ven by co ns ide r ab le g r ow t h i n t he t r av e l and t ou r i sm sec t o r . C oup le d w i t h t he i nc r eas in g u t i l i za t i on o f a r t i f i c i a l i n t e l l i g ence ( A I ) and SaaS - base d m o de ls w i t h t r ave l t ech no log y , t h i s i s c r ea t i ng a po s i t i ve o u t l ook f o r t he m a r ke t . M or eov e r , t he r i s i ng r eq u i r em en t f o r a u t om a t ion ac r oss va r i ou s sec t o r s has l ed t o t he i nc r eas in g dep loy m en t o f r obo t i c p r oc ess au t om a t ion ( RP A) ac r o ss t he sec t o r . Thes e se r v i ce s s t r eam l ine and p r oc ess app l i c a t i o ns au t o m a t i c a l l y w h i l e m anag i ng b ook ing s and pap e r wor k e f f i c i en t l y t o m i n im ize hum an e r r o r s . The m ar ke t i s f u r t he r d r i ve n by t he r i s i ng ne ed f o r A I - sup po r t ed v i r t ua l suppo r t ag en t s an d cha t bo t s t ha t a im t o a dd r ess consu m er ’ s r equ i r em e n t s d i r ec t l y i n an a t t em p t t o im p r ove c us t om er sa t i s f ac t i on . Apa r t f r om t h i s , t he i nc r eas i ng dep loy m en t o f f i nge r p r i n t a nd f a c ia l r e cog n i t i on s ys t e m s a c r oss ho t e l s and pub l i c spa ces so as t o au t om a t e che ck - i n , check - ou t a nd paym en t p r oces ses i s a l s o p r ov id ing an im p e t us t o t he m ar ke t g r ow t h . Som e o f t he o t he r f a c t o r s con t r i bu t i n g t o t he m ar k e t g r o w t h i n c lude t he g r ow in g i n t e g r a t i on o f t r av e l t e chno lo gy w i t h t h e I n t e r ne t o f Th ing s ( I oT ) and ex t en s i ve r esea r ch and d eve lo pm e n t ( R &D) a c t i v i t i es . Look i ng f o rw ard , t he mark e t i s exp ec t ed t o g row a t a CA G R o f 6 . 4 % d ur i ng 202 4 - 203 2 . V i ew Repo r t T O C, F i g ures and T ab l e s : h t t ps : / / w w w . i mar cgrou p . com / t r ave l - t ech no l o gy- m arke t Breakup by Product Type: • Air l ine & Hospital i ty IT Solutions • Global Distribution System (GDS) Breakup by Application: • Travel Industry • Tourism Industry Report • Hospital i ty Industry Segmentation Breakup by Region: • North America • Asia-Pacifi c • Europe • Lat in America • Middle East and Afr ica • Amadeus IT Group SA • CRS Technologies India Pvt Ltd • Lemax Competitive • mTrip • Navitaire LLC Landscape • Qtech Software Private Limited with Key • Sabre Corporation Players • Tramada Systems Pty Ltd • Travelport International Limited How big is the global travel technology market? What is the expected growth rate of the global travel technology market during 2024-2032? Key What are the key factors driving the global travel technology market? Questions Answered in What has been the impact of COVID-19 on the global travel technology market? the Report What is the breakup of the global travel technology market based on the product type? What are the key regions in the global travel technology market? Who are the key players/companies in the global travel technology market? 1 P r e f a c e 2 S c o p e a n d M e t h o d o l o g y 2 . 1 O b j e c t i v e s o f t h e S t u d y 2 . 2 S t a k e h o l d e r s 2 . 3 D a t a S o u r c e s 2 . 3 . 1 P r i m a r y S o u r c e s 2 . 3 . 2 S e c o n d a r y S o u r c e s 2 . 4 M a r k e t E s t i m a t i o n 2 . 4 . 1 B o t t o m - U p A p p r o a c h Table of 2 . 4 . 2 T o p - D o w n A p p r o a c h 2 . 5 F o r e c a s t i n g M e t h o d o l o g y 3 E x e c u t i v e S u m m a r y 4 I n t r o d u c t i o n 4 . 1 O v e r v i e w Contents 4 . 2 K e y I n d u s t r y T r e n d s5 G l o b a l T r a v e l T e c h n o l o g y M a r k e t 5 . 1 M a r k e t O v e r v i e w 5 . 2 M a r k e t P e r f o r m a n c e 5 . 3 I m p a c t o f C O V I D - 1 9 5 . 4 M a r k e t F o r e c a s t 6 M a r k e t B r e a k u p b y P r o d u c t T y p e 6 . 1 A i r l i n e & H o s p i t a l i t y I T S o l u t i o n s 6 . 1 . 1 M a r k e t T r e n d s 6 . 1 . 2 M a r k e t F o r e c a s t 6 . 2 G l o b a l D i s t r i b u t i o n S y s t e m ( G D S ) 6 . 2 . 1 M a r k e t T r e n d s 6 . 2 . 2 M a r k e t F o r e c a s t 7 M a r k e t B r e a k u p b y A p p l i c a t i o n 7 . 1 T r a v e l I n d u s t r y 7 . 1 . 1 M a r k e t T r e n d s 7 . 1 . 2 M a r k e t F o r e c a s t 7 . 2 T o u r i s m I n d u s t r y 7 . 2 . 1 M a r k e t T r e n d s 7 . 2 . 2 M a r k e t F o r e c a s t 7 . 3 H o s p i t a l i t y I n d u s t r y 7 . 3 . 1 M a r k e t T r e n d s 7 . 3 . 2 M a r k e t F o r e c a s t 8 M a r k e t B r e a k u p b y R e g i o n 8 . 1 N o r t h A m e r i c a 8 . 1 . 1 U n i t e d S t a te s 8 . 1 . 1 . 1 M a r k e t T r e n d s Table of 8 . 1 . 1 . 2 M a r k e t F o r e c a s t 8 . 1 . 2 C a n a d a 8 . 1 . 2 . 1 M a r k e t T r e n d s 8 . 1 . 2 . 2 M a r k e t F o r e c a s t Contents 8 . 2 A s i a P a c i f i c 8 . 2 . 1 C h i n a 8 . 2 . 1 . 1 M a r k e t T r e n d s 8 . 2 . 1 . 2 M a r k e t F o r e c a s t 8 . 2 . 2 J a p a n 8 . 2 . 2 . 1 M a r k e t T r e n d s 8 . 2 . 2 . 2 M a r k e t F o r e c a s t 8 . 2 . 3 I n d i a 8 . 2 . 3 . 1 M a r k e t T r e n d s 8 . 2 . 3 . 2 M a r k e t F o r e c a s t 8 . 2 . 4 S o u th K o r e a 8 . 2 . 4 . 1 M a r k e t T r e n d s 8 . 2 . 4 . 2 M a r k e t F o r e c a s t F o r m o r e i n f o r m a t io n , v i s i t : ht tps : / /www. imarcgroup .com/ t rave l - techno logy-market / toc Partial List of Clients Partial List of Clients Disclaimer © 2024 IMARC Al l R ights Reserved Th is Pub l i ca t ion and a l l i t ’ s con ten ts un less o therw ise men t i oned a re copy r i gh ted in the name o f I n t e rna t i ona l Marke t Ana lys i s Research and Consu l t ing ( IMARC) . 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