Travel Technology Market Synopsis
Travel Technology Market Size Was Valued at USD 10.21 Billion in 2023 and is Projected to Reach USD 21.72 Billion by 2032, Growing at a CAGR of 8.75% From 2024-2032.
Travel Technology includes making use of technology to arrange trips and streamline journey-related obligations which include bookings, stock control, payments, scheduling, and lower back-workplace operations for tour corporations and groups. This allows clients e-book their trips online, improving reservation strategies and developing revenues.
- Technology has revolutionized almost every element of travel. Using technology during the planning of traveling helps in studying, arranging, buying, and interacting with their travels like extraordinary from booking and planning to navigating and sharing experiences. Because of technological developments, the travel industry gives the end-to-end travel experience to the customers.
- This covers Digital payments, IoT devices, chatbots, digital facts, trip-hailing apps, overview websites, online reserving structures, and more. Travelers may additionally now plan, arrange, book, navigate, and discuss their vacations without difficulty because of this technology. They also make it viable for tourism-associated enterprises to more correctly reach, assist, and carrier vacationers.
- According to the World Travel and Tourism Council, the tour and tourism industry contributed 9.1% of worldwide GDP in 2023, which increased by 23.2% in comparison to 2022 and is just four.1% lower than in 2019. As multiplied by the integration of technological improvements in the tour and tourism enterprise as a consequence, the marketplace is developing in the forecast time frame.
Travel Technology Market Trend Analysis
Automation in the tourist and travel sectors
- The travel zone has visible a transformation due to digitalization. In the beyond, scheduling an experience required a telephone name or an in-person verbal exchange with a provider company. By 2023, all reservations may be made online, enabling tourists to set up their journeys from the comfort of their favorite gadgets. Indeed, cell reservations have the energy to essentially alter the journey enterprise. The comfort and accessibility of online reserving will revolutionize the manner people plan their vacations.
- Also, actual-time modifications and notifications can be sent using mobile reserving systems to clients and agencies, enhancing performance and conversation. All matters considered the usage of generation inside the journey sector can bring about a more efficient and handy booking method for all parties.
- Automation controls inventories, optimizes routes, and even forecasts call. This lowers fees and boosts productivity for journey organizations. Hospitality to cut labor costs and improve performance, the inn business has started deploying robots for delivery, cleaning, and house responsibilities.
Enhancing User Experiences Through Augmented and Virtual Reality
- Among exciting advancements, Augmented Reality (AR) and Virtual Reality (VR) have emerged as sport-changers, supplying guests with an excellent manner to discover destinations even before stepping foot outdoors their houses.
- One of the maximum full-size impacts of AR and VR in travel planning is their ability to offer a sneak peek into locations, empowering travelers to make nicely-knowledgeable selections. With AR, travelers can overlay digital data onto the physical international use of their smartphones. They can view motel rooms or discover neighborhood attractions interactively. On the opposite hand, VR creates fully simulated environments that allow users to immerse themselves in a vacation spot through 360-degree enjoyment.
- As AR/VR retains to adapt unexpectedly, their applications in journey planning will surely amplify. Imagine a future wherein travelers can use AR-powered devices for immediate translations of overseas signs or menus during the time interacting with locals – fostering significant cultural exchanges. Similarly, VR may want to revolutionize tour schooling, permitting students to embark on digital subject trips and advantage of first-hand knowledge of historic websites and numerous cultures, no matter their geographical vicinity.
Travel Technology Market Segment Analysis:
Travel Technology Market is Segmented based on type, deployment model, technology, application, and Region.
By Type, Global Distribution System (GDS) segment is expected to dominate the market during the forecast duration
- GDS (Global Distribution System) is a platform that connects tour shops with airlines, lodges, and car rental agencies, making it smooth to book travel. It simplifies the booking technique for tour businesses and companies using presenting real-time stock and facilitating transactions. GDS is mainly beneficial for company tours, where travel companies negotiate unique charges with airlines.
- The emergence of online travel agencies (OTAs) and direct booking via hotel and airline websites is posing a challenge to GDSs. Airlines and hospitality, IT solutions agencies are increasingly investing in their online reserving systems, letting them capture a larger proportion of booking costs and doubtlessly offer more competitive prices immediately to clients. Travel-centered IT solution carriers are growing new technologies that customize the travel experience, integrate diverse tour services, and leverage cellular platforms for bookings and experience control.
By Deployment Model, Cloud-based segment is expected to dominate the market during the forecast period
- Cloud offerings often have a lower upfront price in comparison to on-premise answers. With the cloud, travelers generally pay for what they use, putting off the need for costly hardware investments and an IT body of workers for preservation. Cloud-based totally systems are noticeably scalable. Businesses can easily increase or decrease their useful resource utilization based totally on their wishes, averting the need to purchase additional hardware or software program licenses.
- Cloud programs are handled from anywhere with a web connection, allowing for more flexibility and far-flung work abilities. Updates and maintenance are dealt with by way of the cloud provider, releasing internal IT resources. Cloud provider carriers typically make investments closely in security features to defend user facts. While protection issues exist in each model, a few businesses find cloud providers provide a far better protection posture than they may manage themselves.
By Technology, the Artificial Intelligence (AI) segment is expected to dominate the market during the forecast period
- AI is a key aspect of the tourism industry's improvement in lots of areas. Artificial intelligence-pushed technology improves the entire journey enjoyed using streamlining approaches and providing actual-time language translation further enhancing flight bookings. Predictive analytics is used by structures like Hopper to identify when is the most excellent time to shop for airline tickets, even as AI-powered chatbots offer 24/7 customer service to offer seamless help for tourists.
- AI additionally facilitates lodge bookings, sorting via a plethora of opportunities to locate an appropriate suit primarily based on private tastes and monetary boundaries. The excursion planning system is similarly more suitable through AI's potential to construct individualized suggestions and itineraries based totally on vacationers' pastimes.
- Additionally, by prioritizing the safety of vacationers, AI improves tour safety by giving actual-time updates on climate conditions and advisories. AI also makes it viable for immersive digital excursions of locations through virtual fact generation, letting tourists discover and engage with new locations from the comfort of their own houses. In widespread, the adoption of AI within the journey quarter heralds an alternative towards greater effective, custom-designed, and seamless travel reviews for clients all over the world.
Travel Technology Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast Period
- North America leads the travel technology market, attributed to its superior technological infrastructure, high internet penetration, and the presence of key market players. The region showcases a sturdy adoption of tour and hospitality software program solutions, along with online booking engines, patron dating management (CRM) structures, and mobile travel applications. This marketplace dominance is similarly reinforced by a subculture of innovation and a strong emphasis on improving consumer enjoyment through personalized journey solutions. The integration of synthetic intelligence, device learning, and large facts analytics is in particular suggested in North America, supplying advanced structures for tour groups, airways, and hoteliers to optimize operations and deliver customized offerings.
- The Asia Pacific vicinity is witnessing a fast boom within the travel generation marketplace, driven by growing net penetration, growing middle-class populations, and an increase in mobile tool utilization. This location is characterized by a diverse variety of rising and set-up tour markets, with countries like China and India leading in virtual innovation and adoption. The upward push of online travel corporations (OTAs), nearby start-ups supplying travel and hospitality solutions, and the inclusion of cellular systems for journey bookings are key factors contributing to the enlargement of this market in Asia Pacific. The location's recognition of mobile generation displays the choices of its travelers, an increasing number rely upon smartphones for travel-associated activities.
Table: Top 10 Investors In Travel And Tourism Tech By Number Of Deals
Rank |
Investor |
State |
Country |
Region |
Investor type |
Investments in travel and transportation |
Investments travel |
|
1 |
500 Start-up’s |
California |
USA |
North America |
Accelerator |
123 |
89 |
|
2 |
Y Combinator |
California |
USA |
North America |
Accelerator |
121 |
61 |
|
3 |
Plug and Play |
California |
USA |
North America |
Accelerator |
91 |
60 |
|
4 |
TechStars |
Colorado |
USA |
North America |
Accelerator |
119 |
58 |
|
5 |
Accel |
California |
USA |
North America |
Venture Capital |
63 |
42 |
|
6 |
SOSV |
New Jersey |
USA |
North America |
Accelerator |
77 |
36 |
|
7 |
Index Ventures |
California |
USA |
North America |
Venture Capital |
42 |
27 |
|
8 |
SV Angel |
California |
USA |
North America |
Venture Capital |
42 |
25 |
|
9 |
General Catalyst |
Massachusetts |
USA |
North America |
Venture Capital |
31 |
25 |
|
10 |
Sequoia Capital |
California |
USA |
North America |
Venture Capital |
54 |
24 |
Travel Technology Market Active Key Players
- Expedia Group (US)
- Agilysys (US)
- Oracle (US)
- Navitaire (US)
- Sabre (US)
- Dohop (Iceland)
- Travelport (UK)
- Traveltek (UK)
- Trip Solutions (UK)
- Amadeus IT Group (Spain)
- GP Solutions (Germany)
- DIGITRIPS (France)
- Travelopro (India)
- Trawex (India)
- Travel buddy (India)
- Qtech Software Pvt. Ltd. (India)
- Avani Cimcon Technologies (India)
- WebCRSTravel Technologies Pvt. Ltd (India)
- Qtech Software (India)
- mTrip (China)
- SiteMinder (Australia)
- Tramada Systems (Australia)
- Tramada Systems Pvt. Ltd. (Australia)
- Techno Heaven (UAE)
- Global Travel Tech (Belgium), and Other Active Players
Key Industry Developments in the Travel Technology Market:
- In August 2023, Travel Buddy, a leading company in the tourism technology segment, will courageously disrupt the travel market with its plans to expand into the SAAR and Southeast Asia market by 2025. Driven by the aspiration to transform people’s traveling experience and revolutionize people’s traveling behavior, Travel Buddy will become the key disrupter in the modern exploration of these regions. With state-of-the-art technology solutions and profound knowledge of the changing tourists’ habits, the company seeks to become the prime enabler of the traveling experience in these upcoming markets.
- In March 2023, Travelport, a worldwide technology company that drives and enables travel bookings for tens of thousands of travel providers, revealed the introduction of Smart Point Cloud on Travelport+. Travelport+ is the only contemporary retailing system designed for businesses and will provide travel agents with an easier and more effective method to offer and obtain while raising supplier sales of more valuable services. Smart Point Cloud will allow agents to swiftly search, filter, discover, and construct tailored packages suitable for each kind of customer, including completely customizable flight and resort search options as well as NDC deals.
Global Travel Technology Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 10.21 Bn. |
Forecast Period 2024-32 CAGR: |
8.75 % |
Market Size in 2032: |
USD 21.72 Bn. |
Segments Covered: |
By Type |
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By Deployment Model |
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By Technology |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
Expedia Group (US), Agilysys (US), Oracle (US), Navitaire (US), Sabre (US), Dohop (Iceland), Travelport (UK), Traveltek (UK), Trip Solutions (UK), Amadeus IT Group (Spain), GP Solutions (Germany), DIGITRIPS (France), Travelopro (India), Trawex (India), Travel buddy (India), Qtech Software Pvt. Ltd. (India), Avani Cimcon Technologies (India), WebCRSTravel Technologies Pvt. Ltd (India), Qtech Software (India), mTrip (China), SiteMinder (Australia), Tramada Systems (Australia), Tramada Systems Pvt. Ltd. (Australia), Techno Heaven (UAE), Global Travel Tech (Belgium), and Other Active Players |
- INTRODUCTION
- RESEARCH OBJECTIVES
- RESEARCH METHODOLOGY
- RESEARCH PROCESS
- SCOPE AND COVERAGE
- Market Definition
- Key Questions Answered
- MARKET SEGMENTATION
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GROWTH OPPORTUNITIES BY SEGMENT
- MARKET LANDSCAPE
- PORTER’S FIVE FORCES ANALYSIS
- Bargaining Power Of Supplier
- Threat Of New Entrants
- Threat Of Substitutes
- Competitive Rivalry
- Bargaining Power Among Buyers
- INDUSTRY VALUE CHAIN ANALYSIS
- MARKET DYNAMICS
- Drivers
- Restraints
- Opportunities
- Challenges
- MARKET TREND ANALYSIS
- REGULATORY LANDSCAPE
- PESTLE ANALYSIS
- PRICE TREND ANALYSIS
- PATENT ANALYSIS
- TECHNOLOGY EVALUATION
- MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
- Geopolitical Market Disruptions
- Supply Chain Disruptions
- Instability in Emerging Markets
- ECOSYSTEM
- PORTER’S FIVE FORCES ANALYSIS
- TRAVEL TECHNOLOGY MARKET BY TYPE (2017-2032)
- TRAVEL TECHNOLOGY MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- AIRLINE & HOSPITALITY
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017-2032F)
- Historic And Forecasted Market Size in Volume (2017-2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- IT SOLUTIONS
- GLOBAL DISTRIBUTION SYSTEM (GDS)
- TRAVEL TECHNOLOGY MARKET BY DEPLOYMENT MODEL (2017-2032)
- TRAVEL TECHNOLOGY MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- ON-PREMISE
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017-2032F)
- Historic And Forecasted Market Size in Volume (2017-2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- CLOUD-BASED
- TRAVEL TECHNOLOGY MARKET BY TECHNOLOGY (2017-2032)
- TRAVEL TECHNOLOGY MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- ARTIFICIAL INTELLIGENCE (AI)
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017-2032F)
- Historic And Forecasted Market Size in Volume (2017-2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- AUGMENTED REALITY AND VIRTUAL REALITY (VR)
- INTERNET OF THINGS (IOT)
- COMPANY PROFILES AND COMPETITIVE ANALYSIS
- COMPETITIVE LANDSCAPE
- Competitive Benchmarking
- TRAVEL TECHNOLOGY Market Share By Manufacturer (2023)
- Industry BCG Matrix
- Heat Map Analysis
- Mergers & Acquisitions
- EXPEDIA GROUP (US)
- Company Overview
- Key Executives
- Company Snapshot
- Role of the Company in the Market
- Sustainability and Social Responsibility
- Operating Business Segments
- Product Portfolio
- Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
- Key Strategic Moves And Recent Developments
- SWOT Analysis
- AGILYSYS (US)
- ORACLE (US)
- NAVITAIRE (US)
- SABRE (US)
- DOHOP (ICELAND)
- TRAVELPORT (UK)
- TRAVELTEK (UK)
- TRIP SOLUTIONS (UK)
- AMADEUS IT GROUP (SPAIN)
- GP SOLUTIONS (GERMANY)
- DIGITRIPS (FRANCE)
- TRAVELOPRO (INDIA)
- TRAWEX (INDIA)
- TRAVEL BUDDY (INDIA)
- QTECH SOFTWARE PVT. LTD. (INDIA)
- AVANI CIMCON TECHNOLOGIES (INDIA)
- WEBCRSTRAVEL TECHNOLOGIES PVT. LTD (INDIA)
- QTECH SOFTWARE (INDIA)
- MTRIP (CHINA)
- SITEMINDER (AUSTRALIA)
- COMPETITIVE LANDSCAPE
- GLOBAL TRAVEL TECHNOLOGY MARKET BY REGION
- OVERVIEW
- NORTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Type
- Historic And Forecasted Market Size By Deployment Model
- Historic And Forecasted Market Size By Technology
- Historic And Forecasted Market Size By Country
- USA
- Canada
- Mexico
- EASTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest Of Eastern Europe
- WESTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Germany
- United Kingdom
- France
- The Netherlands
- Italy
- Spain
- Rest Of Western Europe
- ASIA PACIFIC
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New-Zealand
- Rest Of APAC
- MIDDLE EAST & AFRICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- SOUTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Brazil
- Argentina
- Rest of South America
- INVESTMENT ANALYSIS
- ANALYST VIEWPOINT AND CONCLUSION
- Recommendations and Concluding Analysis
- Potential Market Strategies
Global Travel Technology Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 10.21 Bn. |
Forecast Period 2024-32 CAGR: |
8.75 % |
Market Size in 2032: |
USD 21.72 Bn. |
Segments Covered: |
By Type |
|
|
By Deployment Model |
|
||
By Technology |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
Expedia Group (US), Agilysys (US), Oracle (US), Navitaire (US), Sabre (US), Dohop (Iceland), Travelport (UK), Traveltek (UK), Trip Solutions (UK), Amadeus IT Group (Spain), GP Solutions (Germany), DIGITRIPS (France), Travelopro (India), Trawex (India), Travel buddy (India), Qtech Software Pvt. Ltd. (India), Avani Cimcon Technologies (India), WebCRSTravel Technologies Pvt. Ltd (India), Qtech Software (India), mTrip (China), SiteMinder (Australia), Tramada Systems (Australia), Tramada Systems Pvt. Ltd. (Australia), Techno Heaven (UAE), Global Travel Tech (Belgium), and Other Active Players |
LIST OF TABLES
TABLE 001. EXECUTIVE SUMMARY
TABLE 002. TRAVEL TECHNOLOGY MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. TRAVEL TECHNOLOGY MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. TRAVEL TECHNOLOGY MARKET COMPETITIVE RIVALRY
TABLE 005. TRAVEL TECHNOLOGY MARKET THREAT OF NEW ENTRANTS
TABLE 006. TRAVEL TECHNOLOGY MARKET THREAT OF SUBSTITUTES
TABLE 007. TRAVEL TECHNOLOGY MARKET BY TYPE
TABLE 008. AIRLINE & HOSPITALITY IT SOLUTIONS MARKET OVERVIEW (2016-2028)
TABLE 009. GLOBAL DISTRIBUTION SYSTEM (GDS) MARKET OVERVIEW (2016-2028)
TABLE 010. TRAVEL TECHNOLOGY MARKET BY APPLICATION
TABLE 011. TRAVEL INDUSTRY MARKET OVERVIEW (2016-2028)
TABLE 012. TOURISM INDUSTRY MARKET OVERVIEW (2016-2028)
TABLE 013. HOSPITALITY INDUSTRY MARKET OVERVIEW (2016-2028)
TABLE 014. NORTH AMERICA TRAVEL TECHNOLOGY MARKET, BY TYPE (2016-2028)
TABLE 015. NORTH AMERICA TRAVEL TECHNOLOGY MARKET, BY APPLICATION (2016-2028)
TABLE 016. N TRAVEL TECHNOLOGY MARKET, BY COUNTRY (2016-2028)
TABLE 017. EUROPE TRAVEL TECHNOLOGY MARKET, BY TYPE (2016-2028)
TABLE 018. EUROPE TRAVEL TECHNOLOGY MARKET, BY APPLICATION (2016-2028)
TABLE 019. TRAVEL TECHNOLOGY MARKET, BY COUNTRY (2016-2028)
TABLE 020. ASIA PACIFIC TRAVEL TECHNOLOGY MARKET, BY TYPE (2016-2028)
TABLE 021. ASIA PACIFIC TRAVEL TECHNOLOGY MARKET, BY APPLICATION (2016-2028)
TABLE 022. TRAVEL TECHNOLOGY MARKET, BY COUNTRY (2016-2028)
TABLE 023. MIDDLE EAST & AFRICA TRAVEL TECHNOLOGY MARKET, BY TYPE (2016-2028)
TABLE 024. MIDDLE EAST & AFRICA TRAVEL TECHNOLOGY MARKET, BY APPLICATION (2016-2028)
TABLE 025. TRAVEL TECHNOLOGY MARKET, BY COUNTRY (2016-2028)
TABLE 026. SOUTH AMERICA TRAVEL TECHNOLOGY MARKET, BY TYPE (2016-2028)
TABLE 027. SOUTH AMERICA TRAVEL TECHNOLOGY MARKET, BY APPLICATION (2016-2028)
TABLE 028. TRAVEL TECHNOLOGY MARKET, BY COUNTRY (2016-2028)
TABLE 029. AMADEUS: SNAPSHOT
TABLE 030. AMADEUS: BUSINESS PERFORMANCE
TABLE 031. AMADEUS: PRODUCT PORTFOLIO
TABLE 032. AMADEUS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 032. NAVITAIRE: SNAPSHOT
TABLE 033. NAVITAIRE: BUSINESS PERFORMANCE
TABLE 034. NAVITAIRE: PRODUCT PORTFOLIO
TABLE 035. NAVITAIRE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 035. SABRE: SNAPSHOT
TABLE 036. SABRE: BUSINESS PERFORMANCE
TABLE 037. SABRE: PRODUCT PORTFOLIO
TABLE 038. SABRE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 038. TRAVELPORT: SNAPSHOT
TABLE 039. TRAVELPORT: BUSINESS PERFORMANCE
TABLE 040. TRAVELPORT: PRODUCT PORTFOLIO
TABLE 041. TRAVELPORT: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 041. CRS TECHNOLOGIES: SNAPSHOT
TABLE 042. CRS TECHNOLOGIES: BUSINESS PERFORMANCE
TABLE 043. CRS TECHNOLOGIES: PRODUCT PORTFOLIO
TABLE 044. CRS TECHNOLOGIES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 044. MTRIP: SNAPSHOT
TABLE 045. MTRIP: BUSINESS PERFORMANCE
TABLE 046. MTRIP: PRODUCT PORTFOLIO
TABLE 047. MTRIP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 047. QTECH SOFTWARE: SNAPSHOT
TABLE 048. QTECH SOFTWARE: BUSINESS PERFORMANCE
TABLE 049. QTECH SOFTWARE: PRODUCT PORTFOLIO
TABLE 050. QTECH SOFTWARE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 050. TRAMADA SYSTEMS: SNAPSHOT
TABLE 051. TRAMADA SYSTEMS: BUSINESS PERFORMANCE
TABLE 052. TRAMADA SYSTEMS: PRODUCT PORTFOLIO
TABLE 053. TRAMADA SYSTEMS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 053. PCVOYAGES 2000: SNAPSHOT
TABLE 054. PCVOYAGES 2000: BUSINESS PERFORMANCE
TABLE 055. PCVOYAGES 2000: PRODUCT PORTFOLIO
TABLE 056. PCVOYAGES 2000: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 056. LEMAX: SNAPSHOT
TABLE 057. LEMAX: BUSINESS PERFORMANCE
TABLE 058. LEMAX: PRODUCT PORTFOLIO
TABLE 059. LEMAX: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 059. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 060. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 061. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 062. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. TRAVEL TECHNOLOGY MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. TRAVEL TECHNOLOGY MARKET OVERVIEW BY TYPE
FIGURE 012. AIRLINE & HOSPITALITY IT SOLUTIONS MARKET OVERVIEW (2016-2028)
FIGURE 013. GLOBAL DISTRIBUTION SYSTEM (GDS) MARKET OVERVIEW (2016-2028)
FIGURE 014. TRAVEL TECHNOLOGY MARKET OVERVIEW BY APPLICATION
FIGURE 015. TRAVEL INDUSTRY MARKET OVERVIEW (2016-2028)
FIGURE 016. TOURISM INDUSTRY MARKET OVERVIEW (2016-2028)
FIGURE 017. HOSPITALITY INDUSTRY MARKET OVERVIEW (2016-2028)
FIGURE 018. NORTH AMERICA TRAVEL TECHNOLOGY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 019. EUROPE TRAVEL TECHNOLOGY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 020. ASIA PACIFIC TRAVEL TECHNOLOGY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 021. MIDDLE EAST & AFRICA TRAVEL TECHNOLOGY MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. SOUTH AMERICA TRAVEL TECHNOLOGY MARKET OVERVIEW BY COUNTRY (2016-2028)
Frequently Asked Questions :
The forecast period in the Travel Technology Market research report is 2023-2032.
Expedia Group (US), Agilysys (US), Oracle (US), Navitaire (US), Sabre (US), Dohop (Iceland), Travelport (UK), Traveltek (UK), Trip Solutions (UK), Amadeus IT Group (Spain), GP Solutions (Germany), DIGITRIPS (France), Travelopro (India), Trawex (India), Travel buddy (India), Qtech Software Pvt. Ltd. (India), Avani Cimcon Technologies (India), WebCRSTravel Technologies Pvt. Ltd (India), Qtech Software (India), mTrip (China), SiteMinder (Australia), Tramada Systems (Australia), Tramada Systems Pvt. Ltd. (Australia), Techno Heaven (UAE), Global Travel Tech (Belgium), and Other Active Players.
The Travel Technology Market is segmented into Type, Nature, Application, and region. By Type, the market is categorized into Airline & Hospitality, IT Solutions, and Global Distribution System (GDS). By Deployment Model, the market is categorized into On-Premise and Cloud-Based. By Technology, the market is categorized into Artificial Intelligence (AI), Augmented Reality (AR) & Virtual Reality (VR), and Internet of Things (IoT). By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Travel Technology involves utilizing technology to organize trips and streamline travel-related tasks such as bookings, inventory management, payments, scheduling, and back-office operations for travel agencies and companies. This enables customers to book their trips online, enhancing reservation processes and increasing revenues.
Travel Technology Market Size Was Valued at USD 10.21 Billion in 2023 and is Projected to Reach USD 21.72 Billion by 2032, Growing at a CAGR of 8.75% From 2024-2032.