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The Worldwide Travel Management Solution Industry is Expected to Reach $80.5 Billion by 2027
Global Travel Management Solution Market
Dublin, Nov. 03, 2022 (GLOBE NEWSWIRE) -- The "Global Travel Management Solution Market (2022-2027) by Type, Deployment Type, and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Travel Management Solution Market is estimated to be USD 48.16 Bn in 2022 and is expected to reach USD 80.57 Bn by 2027, growing at a CAGR of 10.84%.
Market Dynamics
Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.
As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding growth and reducing risks.
Company Profiles
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Airbn. Inc., Certify Inc., Chrome River Technologies Inc., Coupa Software Inc., Egencia LLC, Expensify Inc., Flight Centre Travel Group, Infotonics Media, Lola.com, Rydoo, Sabre GLBL Inc., SAP Concur, TravelBank Inc., TravelPerk SL, Tripactions, Inc., etc.
Countries Studied
America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
Competitive Quadrant
The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the Global Travel Management Solution Market. Ansoff Matrix, also known as the Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
The analyst analyses the Global Travel Management Solution Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.
Why buy this report?
The report offers a comprehensive evaluation of the Global Travel Management Solution Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
The report also contains a competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Report Highlights:
A complete analysis of the market, including the parent industry
Important market dynamics and trends
Market segmentation
Historical, current, and projected size of the market based on value and volume
Market shares and strategies of key players
Recommendations to companies for strengthening their foothold in the market
Key Topics Covered:
1 Report Description
2 Research Methodology
3 Executive Summary
4 Market Dynamics
4.1 Drivers
4.1.1 Rising Industrial Globalization
4.1.2 Growing Adoption of Managed Travels by Small Companies
4.1.3 Technology Adoption Coupled with Tmc Consolidations and Tie-Ups
4.2 Restraints
4.2.1 Volatility in Average Ticket Price (Atp) Due To Complex Airline Pricing Strategies and Limited Effective Price Regulation in Air Travel
4.3 Opportunities
4.3.1 Introduction of Enhanced Corporate Booking Tools and on-The-Go Mobile App
4.3.2 Growing Demand From the Apac Region
4.4 Challenges
4.4.1 Transaction Security and Privacy Concerns
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
5.5 PESTLE Analysis
6 Global Travel Management Solution Market, By Type
6.1 Introduction
6.2 Corporate Travel
6.3 Personal Travel
7 Global Travel Management Solution Market, By Deployment Type
7.1 Introduction
7.2 Cloud
7.3 On-Premises
8 Americas' Travel Management Solution Market
8.1 Introduction
8.2 Argentina
8.3 Brazil
8.4 Canada
8.5 Chile
8.6 Colombia
8.7 Mexico
8.8 Peru
8.9 United States
8.10 Rest of Americas
9 Europe's Travel Management Solution Market
9.1 Introduction
9.2 Austria
9.3 Belgium
9.4 Denmark
9.5 Finland
9.6 France
9.7 Germany
9.8 Italy
9.9 Netherlands
9.10 Norway
9.11 Poland
9.12 Russia
9.13 Spain
9.14 Sweden
9.15 Switzerland
9.16 United Kingdom
9.17 Rest of Europe
10 Middle East and Africa's Travel Management Solution Market
10.1 Introduction
10.2 Egypt
10.3 Israel
10.4 Qatar
10.5 Saudi Arabia
10.6 South Africa
10.7 United Arab Emirates
10.8 Rest of MEA
11 APAC's Travel Management Solution Market
11.1 Introduction
11.2 Australia
11.3 Bangladesh
11.4 China
11.5 India
11.6 Indonesia
11.7 Japan
11.8 Malaysia
11.9 Philippines
11.10 Singapore
11.11 South Korea
11.12 Sri Lanka
11.13 Thailand
11.14 Taiwan
11.15 Rest of Asia-Pacific
12 Competitive Landscape
12.1 IGR Competitive Quadrant
12.2 Market Share Analysis
12.3 Strategic Initiatives
12.3.1 M&A and Investments
12.3.2 Partnerships and Collaborations
12.3.3 Product Developments and Improvements
13 Company Profiles
13.1 Airbn. Inc.
13.2 Certify Inc.
13.3 Chrome River Technologies Inc.
13.4 Coupa Software Inc.
13.5 Egencia LLC
13.6 Expensify Inc.
13.7 Flight Centre Travel Group
13.8 Infotonics Media
13.9 Lola.com
13.10 Rydoo
13.11 Sabre GLBL Inc.
13.12 SAP Concur
13.13 TravelBank Inc.
13.14 TravelPerk SL
13.15 Tripactions, Inc.
14 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/x5g21o
Attachment
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