What is Online Bus Ticketing Service?
Bus ticket booking are preferably done on online platform with the help of the mobile, tablet or computer via websites and mobile applications. Key players are using strategies like offering attractive discounts, using modern promotional techniques, increment in count of online advertising and more. Online booking are more convenient and provides easy access for the user, hence online bus ticket booking services market is increasing rapidly. Additionally, online money transactions are preferred and growing fad for travelling will provide lots of opportunities for the industry.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Busbud (Canada), BusOnlineTicket.com (Singapore), GoEuro (Germany), GotoBus.com (United States), MakeMyTrip.com (India), Redbus (India), Goibibo (India), Omio(Germany) and Wanderu Inc.(United States) |
The study covers a detailed analysis segmented by key business segments i.e. and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Online Bus Ticketing Service market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Online Bus Ticketing Service market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Busbud (Canada), BusOnlineTicket.com (Singapore), GoEuro (Germany), GotoBus.com (United States), MakeMyTrip.com (India), Redbus (India), Goibibo (India), Omio(Germany) and Wanderu Inc.(United States).
The market players are adopting many strategies so as to attract the audience and to gain highest market share, these strategies can be listed as service uniqueness, offering attractive discounts, mergers with big organizations, alliances with different companies to increase sales area globally and others.
Influencing Trend:
Increasing number of promotional activities and companies are providing attractive discount
Market Growth Drivers:
Increasing demand for online booking due to easy accessibility and Availability of mobile applications for booking of private and public transportation
Restraints:
security threats for money transactions and Unawareness in emerging countries
Opportunities:
Growing tourism industry and Increasing preference for online banking transactions
Key highlights of the Global Online Bus Ticketing Service market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Online Bus Ticketing Service market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Online Bus Ticketing Service market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Online Bus Ticketing Service Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Online Bus Ticketing Service market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Online Bus Ticketing Service market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Manufacturer, Sub-component manufactures, Channel partners, Distributors/Traders/Wholesalers, Industry Association, Downstream Vendors, Governments and investment communities and Research organizations and associations.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.