Travel Technologies Market, Global Outlook and Forecast 2023-2032
The global Travel Technologies market was valued at US$ 9519.2 million in 2022 and is projected to reach US$ 14030 million by 2029, at a CAGR of 5.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Travel technologies are IT solutions used by airline companies, hotels, and OTAs to manage end-to-end travel solutions. IT solutions such as travel network management solution GDS, mobile solution, platform solutions, e-commerce software solution, data management solutions, and digital marketing solutions are primarily implemented in the travel industry.
This report aims to provide a comprehensive presentation of the global market for Travel Technologies, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Travel Technologies. This report contains market size and forecasts of Travel Technologies in global, including the following market information:
- Global Travel Technologies Market Revenue, 2018-2023, 2024-2032, ($ millions)
- Global top five companies in 2022 (%)
The increasing demand for automate travel management systems is expected to drive the growth prospects for the global travel technologies market in the coming years. Some of the major factors responsible for the growing demand for automated systems from the travel and tourism service providers is to minimize the cost, streamline the routine business processes, increase safety, security, and visibility, automate tracking systems, and reduce the operational costs. As a result, these travel and tourism service providers use travel automation technologies such as GDSs and e-payment systems to automate the operational and transactional processes. Also, since the manual process and legacy systems are highly inefficient in managing the high volume of transactions in online travel agencies, the travel providers have shifted from conventional methods towards the automated systems. Moreover, it has been observed that the demand for IT technological solutions such as 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.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Travel Technologies companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Travel Technologies Market, by Type, 2018-2023, 2024-2032 ($ millions)
Global Travel Technologies Market Segment Percentages, by Type, 2022 (%)
- Airline & Hospitality IT Solutions
- Global Distribution System (GDS)
Global Travel Technologies Market, by Application, 2018-2023, 2024-2032 ($ millions)
Global Travel Technologies Market Segment Percentages, by Application, 2022 (%)
- Airline Companies
- Hotels
- Others
Global Travel Technologies Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions)
Global Travel Technologies Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Travel Technologies revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies Travel Technologies revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
- Amadeus
- Sabre
- Travelport
- Dolphin Dynamics
- ecare Technology Labs
Outline of Major Chapters:
Chapter 1: Introduces the definition of Travel Technologies, market overview.
Chapter 2: Global Travel Technologies market size in revenue.
Chapter 3: Detailed analysis of Travel Technologies company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Travel Technologies in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
