Industry Background:
The global airlines reservation systems market is expected to grow at a healthy rate during the forecast period, according to the AMA study. This is owing to increasing digital transformation of the airlines sector in order to provide innovative services to customers and growing demand for online ticket bookings & reservations. Moreover, rising internet penetration and growing demand for online booking transactions to save time and non-required traveling is another major factor aiding into the growth of the airline reservation systems market globally.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Amadeus IT Group SA (Spain), Videcom Airline Reservation Systems (United Kingdom), Crane (Turkey), AeroCRS LTD (Israel), ISA (UAE), Radixx International, Inc. (United States), FlightsLogic (India), TraveloPro (United States), Travel Technology Interactive (France), InteliSys Aviation (Canada), Kiu System Solutions (Uruguay) and SITA (Switzerland) |
This growth is primarily driven by Digital Transformation of Airlines Sector In Order to Provide Innovative Services to Passengers, Growing Demand for Online Ticket Reservation and Rising Air Passenger Traffic Due to Increasing Disposable Income of Middle-Class Population & Affordable Air Travel Prices propelling the Demand for Airlines Reservation.
Globally, a noticeable market trend is evident Rising Internet and Mobile Penetration Propelling the Demand for Online Bookings and Thereby Driving the Demand for Online Air Travel Bookings Due to Ease of Transactions The Internet Software & Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Amadeus IT Group SA (Spain), Videcom Airline Reservation Systems (United Kingdom), Crane (Turkey), AeroCRS LTD (Israel), ISA (UAE), Radixx International, Inc. (United States), FlightsLogic (India), TraveloPro (United States), Travel Technology Interactive (France), InteliSys Aviation (Canada), Kiu System Solutions (Uruguay) and SITA (Switzerland), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In October 2019, SABRE announced that it has completed the acquisition of Radixx, a leading provider of airline retailer software to expand its presence in the low-cost carrier space. The acquisition was completed with the final payment worth USD 110 million.
In January 2020, SATENA Airlines announced that it has expanded its suite of integrated solutions from Kiu System Solutions and implemented its Online Booking Engine (IBE) to complement its e-commerce platform.
Influencing Trend:
Rising Internet and Mobile Penetration Propelling the Demand for Online Bookings and Thereby Driving the Demand for Online Air Travel Bookings Due to Ease of Transactions
Market Growth Drivers:
Digital Transformation of Airlines Sector In Order to Provide Innovative Services to Passengers, Growing Demand for Online Ticket Reservation and Rising Air Passenger Traffic Due to Increasing Disposable Income of Middle-Class Population & Affordable Air Travel Prices propelling the Demand for Airlines Reservation
Challenges:
The Requirement of Notifications for Flight Cancellation or Delays
Opportunities:
Rising Air Passenger Traffic Across Emerging Economies Such as India and Singapore annd Growing Number of Airline Service Providers
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Airline Reservation Systems Market
- Analysis about New Entrants in Airline Reservation Systems Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Airline Reservation Systems Study Sheds Light on
The Airline Reservation Systems Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Airline Reservation Systems industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Airline Reservation Systems industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.