Travel Technology Market Research and Forecast Report 2023-2028

1. Global Travel Technology Market Research and Forecast Report 2023-2028 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved

2. Report DescriptionAbout IMARC Group The International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

3. Report Description and Highlights Report Description Global Travel Technology Market Research Report: The latest report by IMARC, titled “Travel Technology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” " the global travel technology market reached a value of US$ 9.3 Billion in 2022. Travel technology is widely used to describe a travel system that includes information and communication technology across the travel, tourism and hospitality sectors. It facilitates travel processes, including flight tracking, travel planning, reservation management and customer reviews, for various travel agents and tour operators. They offer numerous software and applications for the smooth functioning of these operations, thereby improving booking rates and ensuring improved customer experience. These services are also extensively used for enabling easy transactions, creating customized itineraries and managing travel insurance in a convenient manner. Request market/requestsample Free Sample Report: https://www.imarcgroup.com/travel-technology-

4. Report Description and Highlights Report Description Global Travel Technology Market Trends: The global market is primarily driven by considerable growth in the travel and tourism sector. Coupled with the increasing utilization of artificial intelligence (AI) and SaaS-based models with travel technology, this is creating a positive outlook for the market. Moreover, the rising requirement for automation across various sectors has led to the increasing deployment of robotic process automation (RPA) across the sector. These services streamline and process applications automatically while managing bookings and paperwork efficiently to minimize human errors. The market is further driven by the rising need for AI-supported virtual support agents and chatbots that aim to address consumer’s requirements directly in an attempt to improve customer satisfaction. Apart from this, the increasing deployment of fingerprint and facial recognition systems across hotels and public spaces so as to automate check-in, check-out and payment processes is also providing an impetus to the market growth. Some of the other factors contributing to the market growth include the growing integration of travel technology with the Internet of Things (IoT) and extensive research and development (R&D) activities. On account of the aforementioned factors, the market is expected to grow at a CAGR of 7.5% during 2023-2028. Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).

5. Report Description and Highlights Report Description Market Summary: Breakup by Product Type: • Airline & Hospitality IT Solutions • Global Distribution System (GDS) Breakup by Application: • Travel Industry • Tourism Industry • Hospitality Industry Breakup by Region: • North America • United States • Canada • Asia Pacific • China • Japan • India • South Korea

6. Report Description and Highlights Report Description • Australia • Indonesia • Others • Europe • Germany • France • United Kingdom • Italy • Spain • Russia • Others • Latin America • Brazil • Mexico • Others • Middle East and Africa

7. Report Description and Highlights Report Description Competitive Landscape with Key Players: • • • • • • • • • 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 View Full Report with TOC & List of Figure: https://www.imarcgroup.com/travel-technology-market

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10. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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