Travel Management Services Market Scope
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.
According to AMA, the Global Travel Management Services market is expected to see growth rate of 7.56%
Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Travel Management Services market throughout the predicted period.
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] are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Sabre Corporation [United States], Travelport [United Kingdom], Dolphin Dynamics [United Kingdom], Skyjunxion [Lebanon], Trippeo Technologies [Canada], Insperity [United States] and Interpix [United States].
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 Travel Management Services market 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 Region with country level break-up.
On the basis of geography, the market of Travel Management Services 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).
- Duty of Care And Risk Management
- Offering of All Inclusive Services Eases the Burden
- Need for Effective Travel Management Services Amid Growth in Travel Industry
- Growing Adoption for Virtual Payment
- Need for Reduction in Management Complexity to Bring Down Expenses
- Growth in Travel Industry Worldwide
- Low Adoption of TMS in Emerging Countries Owing to Lack of Awareness
- Lack of Brand Awareness Among Consumers
- Difficulties in Protecting Privacy of Users
- Working with Multiple Systems
Key Target AudienceTravel Management Service Providers, Potential Investors, Research Institutes, Government Agencies and Others