Maharashtra, India -- (SBWIRE) -- 04/30/2019 -- Travel Technologies Market trends, drivers, restraints, and opportunities 2019-2025
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.
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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.
EMEA accounted for the maximum market share during 2017 and is expected to continue to dominate the market until the end of 2023. According to the market research and analysis, some of the major factors responsible for the market's growth in the region includes the penetration of lower online travel agencies (OTA) and the presence of fragmented hotel market in Europe.
The key players covered in this study
Amadeus, Sabre, Travelport, Dolphin Dynamics, ecare Technology Labs
Market segment by Type, the product can be split into
Airline & Hospitality IT Solutions
Global Distribution System (GDS)
Market segment by Application, split into
Airline Companies
Hotels
Others
Market segmentation by Zone:
North America (USA, Canada, Mexico)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand)
Europe (Germany, UK, France, Italy, Spain, Russia, etc.)
South America (Brazil, Argentina, etc.)
Middle East (Saudi Arabia, Iran etc.)
Africa (Egypt, South Africa, etc.)
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The objectives of the Market Research Explore report on the Global Travel Technologies Market are:
To study, analyze and forecast the Global Travel Technologies Market by segmenting it based on types, application, inventions, time-based performance, and end user.
The report by Market Research Explore analyzes various macro and microeconomic factors impacting the Global Travel Technologies Market.
To come up with insights into the major factors affecting the global Travel Technologies Market around the world such as Its drivers, hurdles, opportunities, and challenges.
To notify about the dominant players along with their strategies, products/services, research, and development plans.
Conclusively, the report helps a reader to get an absolute understanding of the Travel Technologies industry through details about the market projection, competitive scenario, industry environment, growth constraining factors, limitations, entry barriers, the provincial regulatory framework as well as upcoming market investment and opportunities, challenges and other growth promoting factors. This report will provide you a clear view of each and every fact of the market without a need to refer any other research report or a data source. Our report will provide you with all the facts about the past, present, and future of the concerned Market.
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