DUBLIN--(BUSINESS WIRE)--The "Travel Technology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
The global travel technology market is currently witnessing strong growth. Looking forward, the market is expected to register a CAGR of 5.6% during 2020-2025. Significant growth in the travel and tourism sector, along with the rising need for automation across industries, is among the key factors driving the market.
Furthermore, widespread adoption of artificial intelligence (AI) and SaaS-based models are also providing a boost to the market growth. For instance, organizations are increasingly employing robotic process automation (RPA) to streamline and automatically process applications, manage bookings and paperwork to minimize human errors. Also, AI provides interactive conversational platforms, such as virtual support agents and chatbots, that can directly address the consumer's requirements, thereby enhancing their overall experience.
Additionally, various technological advancements, including the employment of recognition technologies and the integration with the Internet of Things (IoT) and the adoption of smart devices, are also creating a positive impact on the market growth. Various fingerprint and facial recognition systems are employed in hotels and other public spaces to automate check-in, check-out and payment processes.
Other factors, including rapid urbanization, increasing consumer expenditure capacities and extensive research and development (R&D) activities, are projected to drive the market in the coming years.
The competitive landscape of the industry has also been examined with some of the key players being Amadeus IT Group SA, CRS Technologies India Pvt Ltd, Lemax, mTrip, Navitaire LLC, Qtech Software Private Limited, Sabre Corporation, Tramada Systems Pty Ltd, Travelport International Limited, etc.
Key Questions Answered
- How has the global travel technology market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global travel technology market and who are the key players?
- What is the degree of competition in the industry?
Key Topics Covered
2 Scope and Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Travel Technology Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Forecast
6 Market Breakup by Product Type
6.1 Airline & Hospitality IT Solutions
6.2 Global Distribution System (GDS)
7 Market Breakup by Application
7.1 Travel Industry
7.2 Tourism Industry
7.3 Hospitality Industry
8 Market Breakup by Region
8.1 North America
8.2 Asia Pacific
8.4 Latin America
8.5 Middle East and Africa
9 SWOT Analysis
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Indicators
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Amadeus IT Group S.A.
13.3.2 CRS Technologies India Pvt. Ltd.
13.3.5 Navitaire LLC
13.3.6 Qtech Software Private Limited
13.3.7 Sabre Corporation
13.3.8 Tramada Systems Pty. Ltd.
13.3.9 Travelport International Limited
For more information about this report visit https://www.researchandmarkets.com/r/dyfe6x