Global Online Bus Ticketing Service Market Overview:
Bus ticket booking are preferably done on online platform with the help of the mobile, tablet or computer via websites and mobile applications. Key players are using strategies like offering attractive discounts, using modern promotional techniques, increment in count of online advertising and more. Online booking are more convenient and provides easy access for the user, hence online bus ticket booking services market is increasing rapidly. Additionally, online money transactions are preferred and growing fad for travelling will provide lots of opportunities for the industry.
- Increasing demand for online booking due to easy accessibility
- Availability of mobile applications for booking of private and public transportation
- Increasing number of promotional activities
- companies are providing attractive discount
- security threats for money transactions
- Unawareness in emerging countries
- Growing tourism industry
- Increasing preference for online banking transactions
The market players are adopting many strategies so as to attract the audience and to gain highest market share, these strategies can be listed as service uniqueness, offering attractive discounts, mergers with big organizations, alliances with different companies to increase sales area globally and others.
Some of the key players profiled in the report are Busbud (Canada), BusOnlineTicket.com (Singapore), GoEuro (Germany), GotoBus.com (United States), MakeMyTrip.com (India), Redbus (India) and Goibibo (India). Considering Market by Platform, the sub-segment i.e. Mobile Apps will boost the Online Bus Ticketing Service market. Considering Market by End user, the sub-segment i.e. Commercial will boost the Online Bus Ticketing Service market.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Online Bus Ticketing Service 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 Online Bus Ticketing Service 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 Manufacturer, Sub-component manufactures, Channel partners, Distributors/Traders/Wholesalers, Industry Association, Downstream Vendors, Governments and investment communities and Research organizations and associations.
This helps us to gather the data related to 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, USPTO, EPO, Annual reports, press releases etc.