The global travel technology market is expected to grow at a CAGR of +18% during the forecast period 2019-2027.
Travel technology is an extension of information and communication technology dealing with the 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.
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Top Key Players Covered in Travel Technology Market:
Amadeus Navitaire, Sabre, Travel port, CRS Technologies, mTrip, Qtech Software, Tramada Systems, PcVoyages 2000, and Lemax
Based on the region, it is analyzed in North America, Europe, Asia-Pacific and LAMEA. The increase in spending on business trips, and the use of social networks and big data analysis drive travel technology market growth. However, the synchronization problems of the booking engines and online travel agencies (OTA) limit this growth. A shift towards hosted and hosted SaaS solutions presents a great opportunity for market expansion.
This market research report on the Global travel technology Market is an all-inclusive study of the Fashion sectors up-to-date frameworks, industry enrichment drivers, and manacles. It provides futuristic market prospects in terms of the upcoming years. The report contains all the necessary veritable of most recent innovations, such as Porter’s five force model analysis and advanced profiles of elite industry participants. The report additionally drafts a survey of minor and full-scale factors charging for the new candidates in the market and the ones as of now in the market along with a systematic value chain exploration.
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Travel Technology Market segment by Type:
Travel Technology Market segment by Application:
- Airline & Hospitality IT Solutions,
- Global Distribution System (GDS)
- Travel Industry,
- Tourism Industry,
- Hospitality Industry
Collectively, this research report offers a comprehensive analysis of global travel technology market aspects to shape the future of businesses. Moreover, it offers a detailed description of sales patterns and some significant methodologies for boosting the performance of the companies. The notable feature of this research report is, it offers different case studies from various industry experts which helps to direct the businesses towards success. The Travel Technology market research report has been compiled through both qualitative and quantitative analysis.
In This Study, The Years Considered To Estimate the Size Of travel technology Market Are As Follows:
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- History Year: 2015-2018
- Base Year: 2018
- Estimated Year: 2019
- Forecast Year 2019 to 2027
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