The global travel technologies market to grow at a CAGR of 8.3% during the period 2017-2021.
Global Travel Technologies Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the revenue generated in the form of incentive payments for air, car, and hotel segments processed through a GDS.
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.
One trend in market is increasing adoption of biometrics and wearable technology. In the airline industry, the use of biometrics and wearable technologies will increase in the near future. Biometrics and wearable technologies are helping the airline industry to provide their customers hassle-free airline services. In 2015, Alaska Airlines integrated passengers' fingerprints for check-ins to replace travel documents. The airline customers gave a positive response and were satisfied during their boarding process with the help of biometrics technology.
- Digitalization of travel industry
- Need to automate travel management systems
- Continued emphasis on cost saving by travel suppliers
- Increased adoption of mobility solutions
- Stringent government regulations and compliance standards
- System integration issues
- Increased complexity due to high volumes of data
- Lack of travel technology product differentiation
- Uncertain economic conditions
- Emergence of augmented reality
- Rise of Internet of Things
- Increasing adoption of biometrics and wearable technology
- Emergence of cloud computing
- Advent of big data technology and BI solutions
Other prominent vendors
- CRS Technologies
- Dolphin Dynamics
- ecare Technology Labs
- Expert Travel Services
- Fourth Dimension Software
- PCVoyages 2000
- Qtech Software
- Technoheaven Consultancy
- Toursys Solutions
- Tramada Systems
- Trip Solutions
Web Booking Expert
For more information about this report visit http://www.researchandmarkets.com/research/d5lr7z/global_travel