Market Overview:
The global travel technology market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for online ticketing and hotel reservations, and the need for improved security measures in the travel industry. The airline & hospitality IT solutions segment is expected to grow at a CAGR of 8.0% from 2018 to 2030, while the GDS segment is expected to grow at a CAGR of 6.8%. In terms of application, the ticket service segment is projected to lead the global travel technology market with a share of 36%, followed by hotel-related services with 31%.
Product Definition:
Travel technology is the application of technology in travel and tourism industry. It helps to improve the efficiency and effectiveness of the travel process. It also enables travelers to book, plan and manage their trips more easily.
Airline & Hospitality IT Solutions:
Airline & Hospitality IT Solutions, it's usage.
The global airline & hospitality information technology (IT) solutions, it's usage and growth factor in the travel technology market is expected to witness significant increase over the forecast period. The major factors that are driving this growth include increasing demand for online bookings coupled with growing need for customer retention strategies.
Global Distribution System (GDS):
Global Distribution System (GDS) is a software platform that enables airlines to sell and buy air transportation services in an efficient manner. It provides airline operators with a single window for all aspects of the sales and distribution of air transportation services, including schedules, fares, availability, bookings and inventory. The system also offers tools for analyzing customer buying behavior across multiple channels through various touchpoints such as web/ mobile booking or call center.
Application Insights:
The ticket service segment dominated the global travel technology market in 2017. This can be attributed to the increasing number of air travelers and rising demand for online travel services. The hotel-related service segment is expected to witness a lucrative CAGR over the forecast period owing to increased spending by business travelers on stay, site and trip cancellation as well as related services. Moreover, with growing tourism, there has been an increase in demand for various hospitality solutions such as room management systems, Wi-Fi access points and interactive television platforms among others. Other segments include baggage handling system, ground transportation control & reservation system and mobile application development among others).
Regional Analysis:
North America dominated the global market in 2017. The growth of the region can be attributed to several factors such as increasing adoption of advanced technologies, high spending power, and growing demand for travel information services. Moreover, presence of a large number of service providers is also expected to drive regional growth over the forecast period.
Asia Pacific is projected to witness significant growth over the next eight years owing to rising investments by various governments in developing countries such as India and China along with other South East Asian countries for upgradation of their aviation infrastructure and establishment new routes & airlines. This will result into an increase in passenger traffic which will further boost revenue generation from air travel technology solutions segment within Asia Pacific region during the forecast period (2018-2030). Additionally, rapid economic development coupled with increased government initiatives towards implementation & usage GDS system across emerging nations such as India and China are anticipated to fuel regional market expansion during 2018 - 2030 time frame.
Growth Factors:
- Increasing demand for travel and tourism services
- Rising disposable income of consumers
- Proliferation of online booking platforms and mobile apps
- Emergence of new technologies such as blockchain and AI
- Growing popularity of experiential travel
Scope Of The Report
Report Attributes
Report Details
Report Title
Travel Technology Market Research Report
By Type
Airline & Hospitality IT Solutions, Global Distribution System (GDS)
By Application
Ticket Service, Hotel-related Service, Others
By Companies
Amadeus, Sabre, Travelport, CRS Technologies, MTrip, Qtech Software, Tramada Systems, PcVoyages 2000, Lemax, Dolphins Dynamics, Tecnoglare, Trawex, QuadLabs Technologies, Travelpd, Provab, TravelCarma, Tavisca Solutions, GP Solutions, AltexSoft
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Travel Technology Market Report Segments:
The global Travel Technology market is segmented on the basis of:
Types
Airline & Hospitality IT Solutions, Global Distribution System (GDS)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Ticket Service, Hotel-related Service, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Amadeus
- Sabre
- Travelport
- CRS Technologies
- MTrip
- Qtech Software
- Tramada Systems
- PcVoyages 2000
- Lemax
- Dolphins Dynamics
- Tecnoglare
- Trawex
- QuadLabs Technologies
- Travelpd
- Provab
- TravelCarma
- Tavisca Solutions
- GP Solutions
- AltexSoft
Highlights of The Travel Technology Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Airline & Hospitality IT Solutions
- Global Distribution System (GDS)
- By Application:
- Ticket Service
- Hotel-related Service
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Travel Technology Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Travel technology is a term used to describe the various tools and devices that are used to help travelers plan, book, and manage their travel. These tools can include online booking engines, trip planners, travel insurance policies, and other digital resources.
Some of the key players operating in the travel technology market are Amadeus, Sabre, Travelport, CRS Technologies, MTrip, Qtech Software, Tramada Systems, PcVoyages 2000, Lemax, Dolphins Dynamics, Tecnoglare, Trawex, QuadLabs Technologies, Travelpd, Provab, TravelCarma, Tavisca Solutions, GP Solutions, AltexSoft.
The travel technology market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Travel Technology Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Travel Technology Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Travel Technology Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Travel Technology Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Travel Technology Market Size & Forecast, 2018-2028 4.5.1 Travel Technology Market Size and Y-o-Y Growth 4.5.2 Travel Technology Market Absolute $ Opportunity
Chapter 5 Global Travel Technology Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Travel Technology Market Size Forecast by Type
5.2.1 Airline & Hospitality IT Solutions
5.2.2 Global Distribution System (GDS)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Travel Technology Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Travel Technology Market Size Forecast by Applications
6.2.1 Ticket Service
6.2.2 Hotel-related Service
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Travel Technology Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Travel Technology Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Travel Technology Analysis and Forecast
9.1 Introduction
9.2 North America Travel Technology Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Travel Technology Market Size Forecast by Type
9.6.1 Airline & Hospitality IT Solutions
9.6.2 Global Distribution System (GDS)
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Travel Technology Market Size Forecast by Applications
9.10.1 Ticket Service
9.10.2 Hotel-related Service
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Travel Technology Analysis and Forecast
10.1 Introduction
10.2 Europe Travel Technology Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Travel Technology Market Size Forecast by Type
10.6.1 Airline & Hospitality IT Solutions
10.6.2 Global Distribution System (GDS)
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Travel Technology Market Size Forecast by Applications
10.10.1 Ticket Service
10.10.2 Hotel-related Service
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Travel Technology Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Travel Technology Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Travel Technology Market Size Forecast by Type
11.6.1 Airline & Hospitality IT Solutions
11.6.2 Global Distribution System (GDS)
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Travel Technology Market Size Forecast by Applications
11.10.1 Ticket Service
11.10.2 Hotel-related Service
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Travel Technology Analysis and Forecast
12.1 Introduction
12.2 Latin America Travel Technology Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Travel Technology Market Size Forecast by Type
12.6.1 Airline & Hospitality IT Solutions
12.6.2 Global Distribution System (GDS)
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Travel Technology Market Size Forecast by Applications
12.10.1 Ticket Service
12.10.2 Hotel-related Service
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Travel Technology Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Travel Technology Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Travel Technology Market Size Forecast by Type
13.6.1 Airline & Hospitality IT Solutions
13.6.2 Global Distribution System (GDS)
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Travel Technology Market Size Forecast by Applications
13.10.1 Ticket Service
13.10.2 Hotel-related Service
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Travel Technology Market: Competitive Dashboard
14.2 Global Travel Technology Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Amadeus
14.3.2 Sabre
14.3.3 Travelport
14.3.4 CRS Technologies
14.3.5 MTrip
14.3.6 Qtech Software
14.3.7 Tramada Systems
14.3.8 PcVoyages 2000
14.3.9 Lemax
14.3.10 Dolphins Dynamics
14.3.11 Tecnoglare
14.3.12 Trawex
14.3.13 QuadLabs Technologies
14.3.14 Travelpd
14.3.15 Provab
14.3.16 TravelCarma
14.3.17 Tavisca Solutions
14.3.18 GP Solutions
14.3.19 AltexSoft