Technavio has been monitoring the travel technologies market and it is poised to grow by USD 6.4 billion during 2019-2023, progressing at a CAGR of over 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Amadeus IT Group, Dolphins Dynamics, Expedia, Sabre, and Travelport are some of the major market participants. The growing adoption of RPA will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Growing adoption of RPA has been instrumental in driving the growth of the market.
Travel Technologies Market 2019-2023: Segmentation
Travel Technologies Market is segmented as below:
- Product
- GDS And Airline
- Hospitality IT Solutions
- Geographic Landscape
- The Americas
- APAC
- EMEA
Travel Technologies Market 2019-2023: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our travel technologies market report covers the following areas:
- Travel Technologies Market Size
- Travel Technologies Market Trends
- Travel Technologies Market Industry Analysis
This study identifies widening application of AI in the travel industry as one of the prime reasons driving the travel technologies market growth during the next few years.
Travel Technologies Market 2019-2023: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the travel technologies market, including some of the vendors such as Amadeus IT Group, Dolphins Dynamics, Expedia, Sabre, and Travelport. Backed with competitive intelligence and benchmarking, our research reports on the travel technologies market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
Travel Technologies Market 2019-2023: Key Highlights
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will assist travel technologies market growth during the next five years
- Estimation of the travel technologies market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the travel technologies market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of travel technologies market vendors
