Introduction of enhanced corporate booking tools and a mobile app on the go
DUBLIN, August 3, 2021 / PRNewswire / – The report “Global Travel Management Solutions Market (2021-2026) by Deployment Type, Travel Type and Geography – Competitive Analysis, Impact of COVID-19, Ansoff Analysis” has been added to ResearchAndMarkets.com offer.
The global travel management solutions market is estimated at $ 42.6 billion in 2021 and should reach $ 70.1 billion by 2026, with a CAGR of 10.86%.
The market is driven by increasing globalization, the growing adoption of managed travel by small businesses, and the adoption of technology associated with the reconciliation and consolidation of travel management companies.
On the other hand, the volatility of the average ticket price due to complex pricing strategies and limited effective price regulation in air transport are some of the factors holding back the growth of the market.
The introduction of improved corporate booking tools and on-the-go mobile apps and the growing demand from the APAC region have created opportunities for the market.
Transaction security issues and other privacy concerns are big challenges for the market.
- In Jan 2019, Expensify, the world’s most widely used expense management software, and TripActions, the fastest growing business travel platform, have announced a strategic partnership to gain comprehensive business travel experience.
- In March 2019, Certify and Chrome River Technologies, two global leaders in travel, expense and invoice management software, have merged in a transaction valued at more than $ 1 billion.
- In Apr 2019, Expensify has partnered with Grab, South East Asia leader in carpooling, to automate the tracking of expenses and reimbursement of carpooling.
Some of the companies covered in this report are Airbnb, inc, Certify Inc., Chrome River Technologies, Coupa Software, Inc., Egencia LLC, Expensify, Inc, FCM Travel Solutions, Infor, Inc., SAP Concur, etc.
Main topics covered:
1 Description of the report
1.1 Study objectives
1.2 Market definition
1.4 years taken into account
1.6 Key shareholders
2 Research methodology
2.1 Research process
2.2 Data collection and validation
2.3 Market size estimate
2.4 Study hypotheses
2.5 Limitations of the study
3 Executive summary
4 Market overview
4.2 Market dynamics
184.108.40.206 Growing globalization
220.127.116.11 Growing Adoption of Small Business Managed Travel
18.104.22.168 Adoption of Technology Associated with Reconciliation and Consolidation of Travel Management Companies
22.214.171.124 Volatility of the average ticket price due to complex pricing strategies
126.96.36.199 Limited price regulation in air transport
188.8.131.52 Introduction of Enhanced Corporate Booking Tools and On-The-Go Mobile App
184.108.40.206 Growing demand from the APAC region
220.127.116.11 Transaction security and confidentiality issues
5 Market analysis
5.1 Porter’s five forces analysis
5.2 Impact of COVID-19
5.3 Ansoff matrix analysis
6 Global Travel Management Solutions Market, By Deployment Type
6.3 On site
7 Global Travel Management Solutions Market, By Travel Type
7.2 Business travel
7.3 Personal travel
8 Global Travel Management Solutions Market, By Geography
8.2 North America
8.2.1 United States
8.3 South America
8.4.1 United Kingdom
8.4.6 Remainder of Europe
8.5 Asia Pacific
8.5.6 South Korea
8.5.9 Rest of APAC
8.6 Rest of the world
8.6.2 Saudi Arabia
8.6.3 South Africa
8.6.4 United Arab Emirates
8.6.5 Latin America
9 Competitive landscape
9.1 Competitive quadrant
9.2 Market share analysis
9.3 Competitive scenario
9.3.1 Mergers & Acquisitions
9.3.2 Agreement, collaborations and partnerships
9.3.3 New Product Launches and Improvements
9.3.4 Investments and financing
10 company profiles
- Airbn. inc
- Certify Inc.
- Chrome River Technologies
- Coupa software. Inc.
- Egencia SARL
- Dear. Inc
- FCM Travel Solutions
- Info. Inc
- Saber Travel Network
- SAP okay
- TravelBank Inc.
- TravelPerk SL
- Tripaction. Inc.
- Upside Travel Company LLC
For more information on this report, visit https://www.researchandmarkets.com/r/ivoc3y
Research and markets
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SOURCE Research and Markets