Corporate Travel Management (CTM) Software market value extracted; highlights innovation & opportunity for future

Corporate Travel Management (CTM) Software Market Latest Edition Published with Forecast to 2027


According to the report, Use of Artificial Intelligence (AI) in Corporate Travel-Management Software is one of the primary growth factors for the market. Rising Number of Travel Agencies and Tour Operator is also expected to contribute significantly to the Corporate Travel Management (CTM) Software market growth. Overall, Large Enterprises applications of Corporate Travel Management (CTM) Software, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The , such as , is boosting the Corporate Travel Management (CTM) Software market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

AMA’s Analyst on the Global Corporate Travel Management (CTM) Software market identified that the demand is rising in many different parts of the world as "Rapid Growth in the Travel Industry in Emerging Economy ". Furthermore, some recent industry insights like "In July 2018, Deem announced the launch of Deem Rise, a new travel booking and management experience created for travel management companies (TMC) to profitably serve the needs of small to mid-sized (SMB) corporations." is constantly making the industry dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global Corporate Travel Management (CTM) Software market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Corporate Travel Management (CTM) Software market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Have a look at complete Table of Content: Global Corporate Travel Management (CTM) Software Market Study

Data Triangulation
The overall Corporate Travel Management (CTM) Software market size is calculated using market estimation process, the Corporate Travel Management (CTM) Software market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Corporate Travel Management (CTM) Software market size has been validated using both top-down and bottom-up approaches.

Craig Francis

PR & Marketing Manager