What is Travel Agency Software Market?
Travel agency software is the tool which helps the company to manage range of products such as flights, lodging and activities. It also helps in offering packages, quotes, itineraries, launch marketing initiatives, process payments and track financial health of the organisations. In addition it automates the front as well as back office activities. It covers all the businesses of travel agencies. The travel agency software comes with various features such as client management, central reservation systems, dynamic content, flight booking, Itinerary creation and many more.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Qtech software (India), Travel connection technology (Balkans), Teenyoffice (United States), Amadeus (Spain), Travel management company (United States), Tenet enterprises solutions (United Kingdom), Travefy (United States), Sabre (United States), Travelomatix (India) and Sriggle Tech (India) |
The market study is being classified and major geographies with country level break-up.
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Travel Agency Software market throughout the forecasted period.
Qtech software (India), Travel connection technology (Balkans), Teenyoffice (United States), Amadeus (Spain), Travel management company (United States), Tenet enterprises solutions (United Kingdom), Travefy (United States), Sabre (United States), Travelomatix (India) and Sriggle Tech (India) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Travel Carma (United States) and Wbe.travel (United Arab Emirates). Segment Analysis
Analyst at AMA Research have segmented the market study of Global Travel Agency Software market by Type, Application and Region.
On the basis of geography, the market of Travel Agency Software 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Automation of Activities by Travel Agency Software
- Features Such as Client Management, Dynamic Content and Itinerary Creation is Fueling the Market
Market Trend
- Technological Advancements in Software
Restraints
- Availability of Free Software
- Lack of Expertise in Installation and Operational Techniques of Cloud Based Software System
Opportunities
- Growing Tourism Industry across the Globe
- Increasing Awareness among the Small and Medium Enterprises
Challenges
- Stiff Competition among the Emerging Players
Market Leaders and some development strategies
On 21st Mach 2019, Amedeus IT group has acquired ICM airport Technics which specializes in provision of self-service baggage solutions for airports and airlines across the world.
Key Target Audience
Travel agency software developers, Government associations, Research organizations, Enterprise software vendors and Others