Global Online Bus Ticketing Service Market 2018-2022 to Post a CAGR of 25%| Technavio

Technavio has published a new market research report on the global online bus ticketing service market from 2018-2022. (Graphic: Business Wire)

LONDON--()--The global online bus ticketing service market is expected to post a CAGR of nearly 25% during the period 2018-2022, according to the latest market research report by Technavio.

A key factor driving the growth of the market is evolving online travel booking behavior of consumers. With the growing popularity of Internet-enabled products and services, travelers are moving towards online travel bookings for domestic as well and international flights, bus tickets, train tickets, cabs, and hotels. Online booking makes its easy for travelers to plan their trips and is thus becoming a very competitive market.

This market research report on the global online bus ticketing service market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

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In this report, Technavio highlights the increasing focus on marketing and promotional activities for customer acquisition as one of the key emerging trends in the global online bus ticketing service market:

Global online bus ticketing service market: Increasing focus on marketing and promotional activities for customer acquisition

The presence of several local and few global online bus ticketing providers makes the market significantly competitive. Innovative marketing strategies will play a significant role in differentiating players from their competitors. Some of the strategies adopted by the key players include discounts on first orders or during festivals and holidays. Several vendors also provide personalized services and offers for frequent travelers.

“There is high demand from individual and commercial customers. Tech-savvy customers prefer to book through web portals and mobile apps for their personal or work-related travel. In both developed and emerging markets, corporate offices are partnering with online bus ticketing service providers to facilitate services for their employees,” says a senior research analyst for retail goods and services.

Global online bus ticketing service market: Segmentation analysis

This market research report segments the global online bus ticketing service market by platform (mobile apps and websites) and geographical regions (APAC, EMEA, and the Americas).

In 2017, the Americas dominated the market with a share of over 41%, followed by EMEA and APAC respectively. Although APAC held the smallest share of the market in 2017, it is expected to exhibit the maximum growth over the forecast period, while EMEA will see a significant drop in its market share by 2022.

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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

The global online bus ticketing service market is expected to post a CAGR of nearly 25% during the period 2018-2022, according to Technavio.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com