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Tuesday 29 September 2015

Global travel technology market to grow at a CAGR of 7.9% over the period 2014-2019

Posted on 00:14 by Unknown
About travel technology
Technology is seeping in the travel industry; globally, online travel sales has increased to more than $600 billion in 2014, which constitutes nearly one-third of the total travel sales. One of the fourth most such applications is flight tracking. Earlier, travel technology was related with computer reservation systems (CRS) of the airlines industry, but now it broadly includes the tourism sector along with its subset the hospitality industry. Mobile devices are becoming the most preferred medium for using travel technology. Along with this, the usage of big data analytics and social media is becoming the latest trend in adopting the travel technology.

Technavio's analysts forecast the global travel technology market to grow at a CAGR of 7.9% over the period 2014-2019.

Covered in this report
This report covers the present scenario and the growth prospects of the global travel technology market for the period 2015-2019. This reports includes revenue generated from third-party service providers. This report does not include in-house IT spending by airlines, hotels, and other travel agencies.


This report also presents the vendor landscape and corresponding detailed information and analysis of the top four vendors in the global travel technology market. The market is divided into the following segments based on products:
GDS
Airline and hospitality IT solutions

Technavio's report, Global Travel Technology Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA. It also covers the landscape of the global travel technology market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key regions
Americas
APAC
EMEA

Key vendors
Amadeus 
Navitaire 
Sabre 
Travelport


Other prominent vendors
CRS Technologies 
Dolphin Dynamics 
eCare Technology Labs 
Expert Travel Services 
Fourth Dimension Software 
Lemax
mTrip 
PcVoyages 2000
Qtech Software 
Technoheaven Consultancy 
Toursys Solutions 
Tramada Systems 
TravelCarma 
Trip Solutions 
Web Booking Expert

Key market driver
Rise in business travel spending
For a full, detailed list, view our report

Key market challenge
Synchronization issues with booking engines and OTAs 
For a full, detailed list, view our report

Key market trend
Shift to SaaS-based and hosted solutions
For a full, detailed list, view our report

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Key questions answered in this report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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