PUBLISHER: TechNavio | PRODUCT CODE: 1801596
PUBLISHER: TechNavio | PRODUCT CODE: 1801596
The AI in tourism market is forecasted to grow by USD 8,334.2 mn during 2024-2029, accelerating at a CAGR of 30% during the forecast period. The report on the AI in tourism 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 escalating consumer demand for hyper-personalized travel experiences, strategic imperative for enhanced operational efficiency and revenue optimization, and convergence of big data proliferation and accelerated AI technological advancements.
Market Scope | |
---|---|
Base Year | 2025 |
End Year | 2029 |
Series Year | 2025-2029 |
Growth Momentum | Accelerate |
YOY 2025 | 28.3% |
CAGR | 30% |
Incremental Value | $8,334.2 mn |
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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
Technavio's AI in tourism market is segmented as below:
By Technology
By Deployment
By Application
By Geographical Landscape
This study identifies the proliferation of generative AI and shift toward conversational commerce as one of the prime reasons driving the AI in tourism market growth during the next few years. Also, adoption of hyper-automation for end-to-end operational excellence and emergence of AI in powering sustainability and responsible tourism will lead to sizable demand in the market.
The report on the AI in tourism 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 AI in tourism market vendors that include AltexSoft Inc, Amadeus IT Group SA, Amazon Web Services Inc., Appier Group Inc., Devox Software, Huawei Technologies Co. Ltd., International Business Machines Corp., Jio Haptik Technologies Ltd., Microsoft Corp., NVIDIA Corp., Sabre Corp., Salesforce Inc., SAS Institute Inc., Snowflake Inc., Travelport LP, and Virtusa Corp.. Also, the AI in tourism 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 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 primary and secondary research. 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 accurate market growth.
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