Travel Technology means using technology for trip planning and automates travel process bookings, inventory, payments, itineraries, and back-office operations for travel agencies and tour operators to enable online bookings for customers and increase bookings and revenues. It plays an important role in the travel and tourism industry. It has changed the way travel companies target traveller’s, offering all travel services such as hotels, flights, tours, transfers, and activities on online platform to plan their entire trip within minutes and improve visitor experience. Travel technology help businesses streamline their processes or even automate processes traditionally requiring active human involvement. This helps a business reduce staffing requirements, cut costs, and increase the income they generate, leading to improved financial results.
Moreover, in recent years travel technology has evolved to include innovative features such as artificial intelligence for personalized recommendations, virtual reality for immersive travel experiences, and blockchain for secure transactions. Cybersecurity plays an important role in the travel industry, which is why so many identity checks are performed both when buying tickets and when boarding the plane. Cybersecurity travel technology, such as facial, fingerprint and document recognition, makes airports increasingly controlled environments.
In addition, the Internet of Things is used in travel and hospitality, to help personalize and streamline travel experiences. Hotels that embrace IoT, for example, allow guests to control different internet-enabled devices in their rooms from their smartphones. They also control TVs, thermostats, lights, and other devices. It is a technology that will bring great novelties to the tourism sector. It incorporates sensors connected to the internet in physical objects such as buildings, vehicles, or suitcases. Some hotels offer the possibility of controlling the television. Some suitcases have a device to locate them from the mobile and avoid losses at airports. Furthermore, many hotels have already implemented management software to manage the data collected by these devices and personalize their customers’ experiences.
The travel technology market is segmented on the basis of component, application, end user, and region. On the basis of component, it is bifurcated into platform and services. On the basis of application, it is divided into travel industry, tourism industry, and hospitality industry. On the basis of end user, it is fragmented into commercial and individual. On the basis of region, it is analysed across North America, Europe, Asia-Pacific, and LAMEA.
The global travel technology industry is dominated by key players such as Travelport, Amadeus IT Group SA, Tramada Systems Pty Ltd., Sabre GLBL Inc., Lemax Ltd., Digitrips, Qtech Software Pvt.Ltd., Trip Solutions, Avani Cimcon Technologies, and WebCRSTravel Technologies Pvt. Ltd. These players have adopted various strategies to increase their market penetration and strengthen their position in the travel technology market.

KEY BENEFITS FOR STAKEHOLDERS
-This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the travel technology market analysis from 2022 to 2032 to identify the prevailing travel technology market opportunities.
-The market research is offered along with information related to key drivers, restraints, and opportunities.
-Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
-In-depth analysis of the travel technology market segmentation assists to determine the prevailing market opportunities.
-Major countries in each region are mapped according to their revenue contribution to the global market.
-Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
-The report includes the analysis of the regional as well as global travel technology market trends, key players, market segments, application areas, and market growth strategies.

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KEY MARKET SEGMENTS
By Component
- Platform
- Service

By Application
- Travel Industry
- Tourism Industry
- Hospitality Industry

By End Users
- Commercial
- Individual

By Region
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- Amadeus IT Group SA
- Sabre GLBL Inc.
- DIGITRIPS
- Qtech Software Pvt.Ltd.
- Travelport
- Trip Solutions
- Avani Cimcon Technologies
- Lemax Ltd.
- Tramada Systems Pty Ltd.
- WebCRSTravel Technologies Pvt. Ltd