PUBLISHER: TechNavio | PRODUCT CODE: 1383181
PUBLISHER: TechNavio | PRODUCT CODE: 1383181
The online travel agencies IT spending market is forecasted to grow by USD 2660.02 mn during 2023-2028, accelerating at a CAGR of 17.19% during the forecast period. The report on the online travel agencies IT spending market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in popularity of augmented reality (AR) and virtual reality (VR) technologies in travel industry, rise in adoption of voice search and virtual assistance, and increasing consolidation of online travel agencies.
Market Scope | |
---|---|
Base Year | 2023 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 15% |
CAGR | 17.19% |
Incremental Value | $2660.02mn |
Technavio's online travel agencies IT spending market is segmented as below:
By Type
By End-user
By Geographical Landscape
This study identifies the rise in adoption of artificial intelligence (AI) and machine learning (ML) technologies in online travel agencies IT spending as one of the prime reasons driving the online travel agencies IT spending market growth during the next few years. Also, increasing adoption of online payment platforms and dynamic cost-effective IT solutions will lead to sizable demand in the market.
The report on the online travel agencies IT spending market covers the following areas:
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading online travel agencies IT spending market vendors that include Amadeus IT Group SA, DirectVision SRL, Dolphins Dynamics Ltd., Lemax d.o.o., Oracle Corp., Qtech Software Pvt. Ltd., Sabre Corp., Technoheaven, Tramada Systems Pty Ltd., TravelCarma, Travelport LP, TravelSoft Corp., and WNS Holdings Ltd.. Also, the online travel agencies IT spending market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
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