ResearchMoz added Latest Research Report titled " Global Online Travel Agencies IT Spending Market 2015-2019: Worldwide Market Size, Shares, Trends, Growth, Survey and Forecast report " to it's Large Report database.
Albany, NY -- (SBWIRE) -- 06/20/2016 -- This research report provides the growth projections and market analysis of the global online travel agencies IT spending market until 2019. It segments the market according to software spending, IT services, and hardware. Market shares of Americas, APAC, and the EMEA are also included in the report. The leading vendors detailed include Amadeus, Navitaire, Sabre, and Travelport.
Market outlook of the global online travel agencies IT spending -
Online travel agencies depend on technology and IT services to execute airline bookings, hotels, cruise, car and other services. It necessitates continuous upgrades, maintenance, and spending on IT services to provide the best in class services to their customers. The research report predicts the global online travel agencies IT spending market to grow at a CAGR of close to 24% from 2015 to 2019.
The market is fierce, and service offerings of online travel agencies are dependent on IT offerings that consist of advanced features and functionality that match or outperform the competition. Agencies are always on the lookout for vendors that provide agile, flexible and cost effective IT infrastructure solutions for a glitch free booking experience. Thanks to the growing competition, the market is likely to witness many strategic buyouts of such technology solution companies by online travel agencies over the next few years.
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Market segmentation and analysis of online travel agencies IT spending
- Software spending
- IT services spending
- Hardware spending
The global online travel agencies software spending market was valued at nearly $400 million in 2014, and it is expected to witness manifold growth until 2019. This segment comprises content, website design, product development, computer software, ERP packages, CRM systems, computer system related software, in-house developed software, licensing and maintenance of software, and other software products. Agencies are heavily dependent on these software to run their business smoothly, and hence invest significantly in the maintenance of their software architecture.
Geographical segmentation of the online travel agencies IT spending market
The Americas region has dominated the market thanks to pioneers such as Expedia, Priceline, and Orbitz in the online travel space. South America still requires enhanced IT solutions to increase the number of online consumers for travel bookings. The demand for IT services from this region is expected to drive the growth of the services segment in the Americas during the forecast period.
Competitive landscape of the online travel agencies IT spending market -
The leading players are keen to penetrate emerging markets that are likely to display a faster market growth over the next four years. Vendors will look to leverage the growing use of online travel booking services through advanced apps in these markets. However, the rising threat from new entrants looking to expand their market shares in the same geographies will remain a key concern for market leaders through the forecast period.
Browse detailed Market Insights at: http://www.researchmoz.us/global-online-travel-agencies-it-spending-market-research-2015-2019-report.html
Key questions answered in the report include -
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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