Travel Technologies Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR70338
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The travel technologies market size has the potential to grow by USD 1.56 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 4.03%. 

This report provides a detailed analysis of the market by product (GDS and airline and hospitality IT solutions), geography (North America, Europe, APAC, South America, and MEA), and key vendors. 

Market Overview

Travel-Technologies-Market-Market-Size-2020-2025

Browse TOC and LoE with selected illustrations and example pages of Travel Technologies Market

 Request a FREE sample now!

Market Competitive Analysis

The report analyzes the market’s competitive landscape and offers information on several market vendors, including: 

 

  • Amadeus IT Group SA
  • CRS Technologies India Pvt. Ltd.
  • Dolphins Dynamics Ltd.
  • ecare Technology Labs Pvt. Ltd.
  • Expedia Group Inc.
  • Lemax Ltd.
  • Sabre Corp.
  • Technoheaven
  • Tramada Systems Pty Ltd.
  • Travel Technology Consulting Inc.

 

The travel technologies market is fragmented and the vendors are deploying growth strategies such as product differentiation to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

The market players also significantly leverage external market drivers such as adoption of RPA reduces cost of product development to achieve growth opportunities. However, factors such as cybersecurity will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the travel technologies market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

This travel technologies market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities. 

Travel Technologies Market: Key Drivers and Trends

  • The adoption of travel technologies such as robotic process automation (RPA) is one of the critical reasons that will drive the travel technologies market.
  • RPA enables employees to automate some repetitive business processes to provide better customer service.
  • It saves time by automating the entire booking process. RPA uses software bots to work across applications and systems, perform repeatable administrative and manual tasks, and replicate the decision-making of employees. 
  • The deployment of RPA improves the booking process as it is flexible, scalable, reliable, and relatively inexpensive.
  • The widening application of artificial intelligence in the travel industry is driving the growth of the travel technologies market.
  • AI provides travel managers with quick access to the most rewarding and cost-effective options for travel programs. This helps in improving the travel booking process.
  • Intelligent conversational platforms such as chatbots address the needs of customers without any human intervention. 
  • The provision of offering services through chat channels helps to minimize costs and boost revenue.

 

Grab your Free Sample now to unlock further information on other key market drivers

Travel Technologies Market: Segmentation by Geography

Travel-Technologies-Market-Market-Share-by-Region-2020-2025

For more insights on the market share of various regions Request for a FREE sample now!

35% of the market’s growth will originate from North America during the forecast period. The US is one of the key markets for travel technologies in North America. Market growth in this region will be slower than the growth of the market in APAC.

The rising revenue of the tourism industry is one of the prime factors that will facilitate the travel technologies market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report. 

Travel Technologies Market: Segmentation by Product

Travel-Technologies-Market-Market-Share-by-Product-2020-2025

Request for a FREE sample and Get more information on the market contribution of various segments

GDS provides access to the real-time inventory data of connected travel service providers, which include the availability of different types of rooms, aircraft seats, and cars and buses to travel agencies through subscriptions. Moreover, GDS enables travel agencies to search, plan, and book tickets and services for their customers. Therefore, the growth of the market segment is expected to be significant during the forecast period.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the travel technologies market size.

 

Event-Tickets-Market-Report

Request for a FREE sample

Travel Technologies Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive travel technologies market growth during the next five years
  • Precise estimation of the travel technologies market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the travel technologies industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of travel technologies market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Travel Technologies Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4%

Market growth 2021-2025

$ 1.56 billion

Market structure

Fragmented

YoY growth (%)

2.79

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 35%

Key consumer countries

US, UK, China, Germany, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Amadeus IT Group SA, CRS Technologies India Pvt. Ltd., Dolphins Dynamics Ltd., ecare Technology Labs Pvt. Ltd., Expedia Group Inc., Lemax Ltd., Sabre Corp., Technoheaven, Tramada Systems Pty Ltd., and Travel Technology Consulting Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Read More Read Less

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
Get your FREE sample now!
The travel technologies market growth will increase by $1562.27 million during 2020-2025.
The travel technologies market is expected to grow at a CAGR of 4.03% during 2020-2025.
Technavio has segmented the travel technologies market by product (GDS and Airline and hospitality IT solutions) and geographic (North America, Europe, APAC, South America, and MEA).
Amadeus IT Group SA, CRS Technologies India Pvt. Ltd., Dolphins Dynamics Ltd., ecare Technology Labs Pvt. Ltd., Expedia Group Inc., Lemax Ltd., Sabre Corp., Technoheaven, Tramada Systems Pty Ltd., Travel Technology Consulting Inc. are a few of the key vendors in the travel technologies market.
North America will register the highest growth rate of 34.59% among the other regions. Therefore, the travel technologies market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the travel technologies market growth are:
  • Increasing consolidation of online travel agencies
The travel technologies market vendors should focus on grabbing business opportunities from the gds segment as it accounted for the largest market share in the base year.
Safe and Secure SSL Encrypted
Technavio

Single User:

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Want to customize this report?

This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

We offer $1000 worth of FREE customization at the time of purchase
Technavio
Enquire Before Buying
  1. Home
  2. Industrials
  3. Published Report
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>