Airline Booking Platforms Market Scope
The principal form of travel agency computerization in the globe is airline computerized reservations systems. These systems handle millions of reservation requests and cancellations, as well as fare and reservation price requests1, as well as hundreds of databases updates every day. For their airline owners, reservation systems are incredibly effective and important distribution and marketing instruments. Airline reservation systems establish and manage the competitive climate for travel agencies today. Because of the increased demand for air travel, technologically advanced platforms have been developed to book travel services such as automobile rentals, hotel bookings, and ticket booking, among other things.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Alphabet Inc. (United States), Booking Holdings Inc. (United States), Trip.com Group Limited (China), Expedia Group Inc. (United States), Skyscanner Ltd. (United Kingdom), Ryanair Holdings plc. (Ireland), easyJet plc (United Kingdom), Southwest Airlines Co (United States), Traveloka Indonesia PT (Indonesia) and Travelstart (South Africa) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Airline Booking Platforms market throughout the predicted period.
Alphabet Inc. (United States), Booking Holdings Inc. (United States), Trip.com Group Limited (China), Expedia Group Inc. (United States), Skyscanner Ltd. (United Kingdom), Ryanair Holdings plc. (Ireland), easyJet plc (United Kingdom), Southwest Airlines Co (United States), Traveloka Indonesia PT (Indonesia) and Travelstart (South Africa) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are SabreSonic Res (United States), AirKiosk (United States) and Airfordable Inc. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Airline Booking Platforms market by Type , by Application (International Airline Booking and Domestic Airline Booking) and Region with country level break-up.
On the basis of geography, the market of Airline Booking Platforms 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).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
On 29th March, 2021 - INFINITI Launched NDC-Enabled Booking Platform “AgencyDirect” Jointly with Emirates. AgencyDirect is a Next-Generation Booking Platform That Enables Users to Browse and Compare All Available Airline Flights and Related Services for Any Specific Trip on A Single Page.
Influencing Trend:
Integration with Advance Technologies Including Artificial intelligence (AI)
Market Growth Drivers:
Increasing Demand for Air Travel, Rising Disposable Income and Digitization Across Multiple Industry Verticals
Challenges:
High Infrastructure Costs and Market Penetration across New Regions
Restraints:
Technical Glitches and Errors
Opportunities:
Increasing Demand Across Emerging Regions
Key Target Audience
Airline Booking Platform Companies, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others