Online Travel Agencies IT Spending Market Scope
Online travel agencies are the IT services which is depend on technology and IT services to execute airline bookings, hotels, cruise, car and other services. The online travel industry is majorly made up of travel e-commerce sites and several review sites. Travel e-commerce sites specialises in selling of the travel products such as flights, hotels, and other rental cars. These can either be purchased directly through a travel company’s website, such as the Lufthansa website, or through the online travel agency (OTA), such as Expedia
According to AMA, the Global Online Travel Agencies IT Spending market is expected to see growth rate of 24.6% and may see market size of USD1072.5 Billion by 2026.
The leading players are keen to penetrate emerging markets that are likely to display faster market growth over the next four years Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Online Travel Agencies IT Spending market throughout the predicted period.
Oracle (United States), Amadeus (Spain), Navitaire (United States), Sabre (United States), Travelport (United Kingdom), Dimension Software, Lemax (Europe), mTrip (Canada), PcVoyages 2000 (Canada), Qtech (India) and Technoheaven (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Toursys (Costa Rica), Tramada (United States), TravelCarma (India), Trip Solutions (England) and Booking (Netherland).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Online Travel Agencies IT Spending market by Type (Software spending, IT services spending and Hardware spending), by Application (Amadeus, Navitaire, Sabre and Travelport) and Region with country level break-up.
On the basis of geography, the market of Online Travel Agencies IT Spending has been segmented into 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).
Market Leaders and their expansionary development strategies
Sabre enters agreement to acquire Farelogix, expanding its airline technology portfolio and accelerating its strategy to deliver next-generation retailing, distribution and fulfillment capabilities
El Al Israel Airlines, flag carrier of Israel, is relying on Sabre Corporation (NASDAQ: SABR), the leading technology provider to the global travel industry, to distribute its selection of branded fares
- Different features are gaining the market
- Discounts, promo code is expanding the stable market
- Provide agile, flexible and cost effective IT infrastructure solutions for a glitch free booking experience
- All kind of booking options on the same online portal
- Vendors are looking to leverage the growing use of online travel booking services through advanced apps in the markets
- Some bad reviews through the customers can hamper the image of the online portal
- Hotels and airlines have launched major campaigns encouraging consumers to book direct
- Rising threat from new entrants looking to expand their market shares
Key Target AudienceManufacturer, Sub component manufacturer, Channel partners, Industry association, Downstream vendors, Government and investment communities and Research organisation and associations
Frequently Asked Questions (FAQ):
1. What are the key segments playing vital role in Online Travel Agencies IT Spending Market?
The Online Travel Agencies IT Spending study can be customized to meet your requirements. The market size breakdown by type [Software spending, IT services spending and Hardware spending], by end use application [Amadeus, Navitaire, Sabre and Travelport].
2. How big is the Online Travel Agencies IT Spending Market?
The Online Travel Agencies IT Spending Market is gaining popularity and expected to see strong valuation by 2026.
3. What is expected growth rate in Online Travel Agencies IT Spending Market?
According to AMA, the Global Online Travel Agencies IT Spending market is expected to see growth rate of 24.6%.