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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.
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 Analysis and Insights: Global Travel Technologies Market
The global Travel Technologies market size is projected to reach US$ XX million by 2027, from US$ XX million in 2020, at a CAGR of XX% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Travel Technologies market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Travel Technologies market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Travel Technologies market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Travel Technologies market.
Global Travel Technologies Scope and Market Size
Travel Technologies market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Travel Technologies market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.
Segment by Type
Airline & Hospitality IT Solutions
Global Distribution System (GDS)
Segment by Application
Airline Companies
Hotels
Others
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
By Company
Amadeus
Sabre
Travelport
Dolphin Dynamics
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