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Global travel management solutions industry expected to reach $80.5 billion by 2027

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Global travel management solutions market

Global travel management solutions market

Global travel management solutions market

Dublin, Nov. 03, 2022 (GLOBE NEWSWIRE) — The report “Global Travel Management Solutions Market (2022-2027) by Type, Deployment Type and Geography, Competitive Analysis and Covid-19 Impact with Ansoff Analysis” has been added to from offer.

The Global Travel Management Solutions Market is estimated to be valued at USD 48.16 Billion in 2022 and is projected to reach USD 80.57 Billion by 2027, growing at a CAGR of 10.84%.

Market dynamics

Market dynamics are forces that affect prices and stakeholder behaviors. These forces create price signals that result from changes in the supply and demand curves for a given product or service. The forces of market dynamics can 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 market dynamics impact supply and demand curves, policymakers are looking to determine how best to use various financial tools to stem various strategies aimed at accelerating growth and reducing risk.

Company Profiles

The report provides a detailed analysis of competitors in the market. It covers the analysis of financial performance of listed companies in the market. The report also offers detailed information about recent development and competitive scenario of the companies. 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 Center Travel Group, Infotonics Media,, Rydoo, Saber 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 assess the position of companies based on their industry position score and market performance score. The tool uses various factors to classify players into four categories. Some of these factors considered for analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc

Ansoff analysis

The report presents a detailed analysis of the Ansoff matrix for the global travel management solutions market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design business growth strategies. The matrix can be used to assess 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 associated with each approach.

The analyst analyzes the global travel management solutions market using the Ansoff Matrix to provide the best approaches a company can take to improve its position in the market.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has designed appropriate strategies for market growth.

Why buy this report?

  • The report offers a comprehensive assessment of the global travel management solutions market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and market size projections. Projections are calculated using proven research methodologies.

  • The report has been compiled through extensive primary and secondary research. The main research is done through interviews, surveys and observations of renowned personnel in the industry.

  • The report includes in-depth market analysis using Porter’s 5 forces model and Ansoff’s matrix. Additionally, the impact of Covid-19 on the market is also presented in the report.

  • The report also includes the regulatory scenario in the industry, which will help you to make an informed decision. The report discusses the major regulatory bodies and major rules and regulations imposed on this industry across various geographies.

  • The report also contains competitive analysis using Positioning Quadrants, the analyst’s competitive positioning tool.

Report Highlights:

  • A comprehensive analysis of the market, including the parent industry

  • Important market dynamics and trends

  • Market segmentation

  • Historical, current and projected market size based on value and volume

  • Market shares and strategies of the main players

  • Recommendations for companies to strengthen their presence in the market

Main topics covered:

1 Description of the report

2 Research methodology

3 Executive summary

4 Market dynamics
4.1 Drivers
4.1.1 Growing Industrial Globalization
4.1.2 Growing Adoption of Small Business Managed Travel
4.1.3 Adoption of technology associated with Tmc consolidations and reconciliations
4.2 Constraints
4.2.1 Average Ticket Price (Atp) Volatility Due to Complex Airline Pricing Strategies and Limited Effective Air Travel Price Regulation
4.3 Opportunities
4.3.1 Introduction of enhanced business booking tools and on-the-go mobile app
4.3.2 Growing Demand from Apac Region
4.4 Challenges
4.4.1 Transaction Security and Privacy Issues

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 PILON analysis

6 Global Travel Management Solutions Market, by Type
6.1 Presentation
6.2 Business travel
6.3 Personal travel

7 Global Travel Management Solutions Market, By Type of Deployment
7.1 Presentation
7.2 Cloud
7.3 On-site

8 Americas Travel Management Solutions Market
8.1 Presentation
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 the Americas

9 Europe Travel Management Solutions Market
9.1 Presentation
9.2 Austria
9.3 Belgium
9.4 Denmark
9.5 Finland
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 a.m. Switzerland
9.16 United Kingdom
9.17 Rest of Europe

10 Middle East & Africa Travel Management Solutions Market
10.1 Presentation
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 Travel Management Solutions Market
11.1 Presentation
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 a.m. Rest of Asia-Pacific

12 Competitive landscape
12.1 IGR Competitive Quadrant
12.2 Market Share Analysis
12.3 Strategic Initiatives
12.3.1 Mergers & Acquisitions 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 Center Travel Group
13.8 Infotonic Media
13.10 Rydoo
13.11 Saber GLBL inc.
13.12 SAP Agreement
13.13 TravelBank Inc.
13.14 Travel Perk SL
13.15 Tripactions, Inc.

14 Appendix

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