Market Highlights: Travel management services manages the travel requirement for individuals, corporate travelers and group travelers. The aim of such services is to provide cost effective travel solution, to keep control of travel policies and allow clients to consume less time on time consuming travel arrangements. The service providers use a global distribution system to display real time availability of flights and hotels. The market study is being classified by Type (Tour Packages, Flight Bookings, Hotel Booking Services, Cruise Bookings, Rail Bookings, Car Rental Services and Others), by Application (Corporations, Individual Travelers and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Travel Management Services are Concur (SAP) [United States], Certify [united States], Expensify [United States], Chrome River Technologies [united States], Infor [United States], Appricity Corporation [United States], Ariett [United States], Basware [Finland], DATABASIC [United States], Expense 8 [Australia], Fraedom [United Kingdom], Oracle Corporation [United States], NetSuite [United States], Nexonia [Canada] and Paychex [United States].
Key Questions Answered in the Report What will the Travel Management Services Market size and the growth rate be in Future? What are the key factors driving the Travel Management Services Market? What are the key market trends and macro-economic impacting the growth of the Travel Management Services Market? What are the challenges to market growth? Who are the key vendors in the Travel Management Services Market? What are the market opportunities and threats faced by the vendors in the Travel Management Services Market? Trending factors influencing the market shares of the Manufacturers. What are the key outcomes of the five forces analysis of the Travel Management Services Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Travel Management Services market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Travel Management Services market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Travel Management Service Providers, Potential Investors, Research Institutes, Government Agencies and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.