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DUBLIN, March 16, 2023 (GLOBE NEWSWIRE) — The “Travel Technologies: Global Strategic Business Report” report has been added. ResearchAndMarkets.com’s Providing.
In the year The global market for travel technologies, which is estimated at US$ 5.4 billion in 2022, will reach US$ 10.7 billion by 2030, growing at a CAGR of 8.8% during the analysis period of 2022-2030.
Global Distribution System (GDS), one of the segments analyzed in the report, is projected to register a CAGR of 7.9% and reach USD 7.2 billion by the end of the analysis period.
Considering the post-pandemic recovery, the growth of the airline and hospitality solutions segment is pegged at 11% CAGR for the next 8 years.
The US market is estimated at $1.4 billion, while China is expected to grow at a CAGR of 10.2%.
The U.S. travel technology market is estimated to be worth $1.4 billion by 2022. China, the world’s second largest economy, is predicted to reach $2.6 billion by 2030. registering a CAGR of 10.2% during the analysis period from 2022 to 2030.
Other geographical markets of interest are Japan and Canada, each forecast to grow by 7.4% and 8% during the period 2022-2030. Within Europe, Germany is forecast to grow at a CAGR of approximately 8.3%.
Select Contestants (Total 83 Featured) –
- Amadeus IT Group, SA
- Navitaire LLC
- Dolphins change
- Expedia team
- Captio trip
- Lemax Ltd
- mTrip
- Travel jobs
- Qtech Software Pvt. Ltd
- Saber Corporation
- Tramada Systems Pty Ltd
- Travelport Worldwide Ltd.
What’s new for 2023?
- Special coverage on the Russia-Ukraine war; Global Inflation; Easing China’s zero-covid policy and ‘difficult’ reopening. supply chain disruptions, global trade tensions; and risk of decline.
- Global competitiveness and key competitor percentage market share
- Market presence in multiple geographies – strong/active/niche/light
- Online interactive peer-to-peer collaboration updates
- Access to digital archives and research platform
- More updates for one year
Key Features:
| Report behavior | Details |
| Number of pages | 382 |
| Forecast time | 2022 – 2030 |
| Estimated market value in 2022 (USD) | 5.4 billion dollars |
| Projected Market Value in 2030 (USD) | 10.7 billion dollars |
| Compound annual growth rate | 8.9% |
| Covered regions | International |
Key topics covered:
I. Method
II. executive summary
1. Market overview
- The impact of the Covid-19 pandemic and the looming global recession
- Living with Covid-19: The new normal
- Risk of inflation and recession: New challenges emerge for the global market in 2022 and 2023.
- Global Economic Growth Forecasts for 2020, 2021, 2022 and 2023 (Real GDP, Annual Percentage Change)
- The travel and tourism industry has taken a hit during the Covid-19 pandemic
- Impact of Covid-19 on Travel and Tourism Industry: International Tourist Arrivals by Region (%) YoY Change (%) for 2020 Vs 2019
- Global Tourist Receipts for 2010-2021 (YoY Change in %)
- Recovery of the global tourism industry: % of respondents citing the importance of revitalizing the tourism sector
- The Covid-19 pandemic has wreaked havoc on tourism-oriented countries.
- Digitization August good for marketing
- With the travel industry hit hard by the crisis, the impact on the travel technology market is significant.
- Travel technology can help save the travel industry from overcoming the epidemic blues
- Introduction to travel technology
- World market prospects and outlook
- GDS emerges as the largest segment.
- Competition
- Travel Technologies – Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence – Strong/Active/Niche/Negative for Players Worldwide by 2022
- World brands
- Recent market activity
2. Focus on player selection
3. Market trends and drivers
- Business Travel Spending Trends: A major contributor to the growth of the travel technology market.
- Covid-19 Pandemic Hurts Corporate Travel, Travel Tech Adoption
- Global Business Travel Market Value (in USD) for the years 2020 and 2027
- The hotel industry embraces next generation technologies amid a changing work environment
- Digital transformation designed to improve the travel experience
- Popular technology trends that are changing the hospitality and travel industry
- The growing role of innovative technologies in the travel industry
- Technology trends driven by the pandemic will drive change in the travel sector
- Innovations for oil market prospects
- Growing integration of big data in travel technology solutions
- Global Big Data and Business Analytics Revenues in US$ Billion for 2020, 2022, 2024 and 2026
- The growing role of AI and ML in the travel and tourism industry
- Blockchain technology to dramatically change the travel industry
- Mobile devices: the preferred mode for travel technologies
- Global Smartphone Shipments (in Million Units) from 2020 to 2025
- Next-generation 5G networks to take advantage of travel technologies
- 5G Smartphone Sales in Million Units: 2019-2022
- Virtual reality technology to transform the tourism industry with amazing experiences
- Augmented reality has gained popularity in the travel industry
- Robotic process automation technology supports the automation of repetitive processes
- Robots to automate the hospitality sector
- Biometric recognition technologies for automatic identification and authentication in hotels and payments
- Smart chat platforms are emerging as ideal solutions for customer support in the travel and tourism industry
- The rise in smart connected devices will drive the adoption of IoT technologies in the travel industry.
- Number of Global IoT Connected Devices (in Billion) for 2016, 2018, 2020, 2022 and 2025
- As the online travel booking market takes a hit due to Covid-19, it will impact the travel technologies market.
- Global Online Travel Market Size (in USD) for the years 2018, 2022 and 2026
- New technologies have emerged to address the challenges facing the online travel industry.
- Global Distribution System Market: An Overview
- Smart hosting gathers steam
- Urbanization, consumer spending levels will shape the travel and tourism technology market.
- World urban population in thousands: 1950-2050 p
- Ranking of cities worldwide: Urban population as of 1950, 1970, 1990, 1990, 2018, 2030 and 2050 Total population by geographic region %
- Challenges facing the travel technology market
4. World market outlook
III. Market analysis
IV. Competition
For more information about this report, visit https://www.researchandmarkets.com/r/gk0m8o
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Global travel technologies market
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