Global Travel Agency Software Market by Type (Cloud Based, On-premises), By Application (Large Enterprises, SMEs) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global travel agency software market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for cloud-based travel agency software and the growing adoption of mobile devices by travelers. Additionally, the increasing number of business travelers is also contributing to the growth of this market. However, lack of awareness about new technologies and security concerns are some factors that may restrain the growth of this market during the forecast period. On basis on type, cloud-based travel agency software held a larger share in 2017 and is expected to grow at a higher CAGR during 2018-2030 owing its benefits such as scalability, flexibility.



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Product Definition:

A travel agency software is a computer program that helps travel agents manage their business. It can include features such as booking flights, hotels, and rental cars; managing customer reservations; tracking inventory and prices; producing reports; and more.

Cloud Based:

Cloud-based software is a type of software that enables the user to access data or functionality remotely using an internet connection. The technology involves four basic elements: cloud, server, network, and client. The most common use of this technology is in the field of information storage and management but it can be used for multiple applications such as e-commerce websites and business process outsourcing services.

On-premises:

On-premises software is a type of cloud computing system that involves the use of dedicated hardware and software systems to provide solutions for data storage, processing, and management. The on-premises solution is used by travel agencies to process bookings online as well as offline processes such as printing tickets and managing customer information.

The major advantage offered by on-premise software includes control over data security with respect to personal information collected from customers along with booking details.

Application Insights:

The large enterprises segment accounted for the largest share of over 70% in 2017. The segment is driven by growing demand from corporate travelers and tourism businesses for online travel booking solutions. Large enterprise customers include government-owned companies, multinational companies, and airlines. These organizations require customized software as they have multiple websites to serve different regions with different languages and currencies. Additionally, these agencies need to manage their relationships with suppliers, partners & agents across various locations which requires a strong network management capability within the software platform.

Large enterprises are adopting modern technologies such as mobile applications that can be used by employees on the go or via personal computers at home or office workplaces respectively enabling them to book tickets without having direct contact with travel agents or operators directly through internet portals/websites BookMyTicket Pvt Ltd., Travel Corporation Of India (TCO) Ltd., Goibibo Travel Pvt Ltd., MakeMyTrip Ltda., etc.

Regional Analysis:

North America dominated the global market in 2017. The growth can be attributed to the presence of a large number of prominent players operating in this region, including Expedia Inc.; Travelocity; and Orbitz Worldwide, Inc. Moreover, increasing online travel bookings due to rise in smartphone adoption is expected to drive regional growth over the forecast period.

Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising internet penetration and growing e-commerce industry across countries such as China and India. Furthermore, rapid development witnessed by emerging economies such as China and India are expected to boost regional demand for travel agency software solutions during the forecast period. Additionally, increased spending on luxury goods & services by consumers from these regions has led marketers/affiliates from these regions gain prominence within global networks promoting brands worldwide thus contributing significantly towards regional revenue generation over time (see Affiliate Marketing).

Growth Factors:

Increasing demand for travel and tourism services
Rising disposable income of people
Proliferation of online booking platforms
Emergence of mobile apps for booking travel tickets and hotels
Growing popularity of experiential tourism


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Scope Of The Report
Report Attributes
Report Details
Report Title
Travel Agency Software Market Research Report
By Type
Cloud Based, On-premises
By Application
Large Enterprises, SMEs
By Companies
Lemax, Technoheaven, Rezdy, Traveltek, PHPTRAVELS, Dolphin Dynamics, Toogonet, Travel Connection Technology, Tenet Enterprises Solutions, teenyoffice, Trawex Technologies, WebBookingExpert, TravelCarma, SutiSoft, Inc, Tramada, Axis Softech Pvt Ltd, eTravos, Sabre
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
141
Number of Tables & Figures
99
Customization Available
Yes, the report can be customized as per your need.

Global Travel Agency Software Market Report Segments:
The global Travel Agency Software market is segmented on the basis of:
Types
Cloud Based, On-premises
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
Large Enterprises, SMEs
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:
Lemax
Technoheaven
Rezdy
Traveltek
PHPTRAVELS
Dolphin Dynamics
Toogonet
Travel Connection Technology
Tenet Enterprises Solutions
teenyoffice
Trawex Technologies
WebBookingExpert
TravelCarma
SutiSoft, Inc
Tramada
Axis Softech Pvt Ltd
eTravos
Sabre



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Highlights of The Travel Agency Software 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:
Cloud Based
On-premises
By Application:
Large Enterprises
SMEs
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 Agency Software 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
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



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

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