Industry Insights
[190+ Pages PDF Report] Global computer reservation systems (CRS) market was projected USD 1,600 million in 2019 and is projected to reach USD 3,700 million by 2026, at a CAGR of around 15% during the forecast period.
This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the computer reservation systems (CRS)industry. The report analyzes and declares the historical and current trends analysis of the computer reservation systems (CRS)industry and subsequently recommends the projected trends anticipated to be observed in the computer reservation systems (CRS) market during the upcoming years.
The computer reservation systems (CRS) market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire computer reservation systems (CRS) market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2016 – 2026.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the computer reservation systems (CRS)industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the computer reservation systems (CRS)industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the computer reservation systems (CRS) market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the computer reservation systems (CRS) industry. The computer reservation systems (CRS) market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the computer reservation systems (CRS) sector. Key strategic developments in the computer reservation systems (CRS) market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the computer reservation systems (CRS) market are appropriately highlighted in the report.
The global computer reservation systems (CRS) market is experiencing significant growth that is expected to continue over the upcoming years. A massive rise in the demand for hoteling, traveling, tourism sectors is likely to act as a key driver of the global computer reservation systems (CRS) market.
The computer reservation systems (CRS) market research report delivers an acute valuation and taxonomy of the computer reservation systems (CRS) industry by practically splitting the market on the basis of different types, applications, industry verticals, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026. The regional segmentation of the computer reservation systems (CRS) industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the computer reservation systems (CRS) industry is provided for the leading economies of the world.
The computer reservation systems (CRS) market is segmented based on type, application, and region. On the basis of type segmentation, the market is classified into on-premise, and web-based. In terms of application segmentation, the market is bifurcated into air travel, cruise, hotels and resorts, car rental, and others.
Top Market Players
Some of the essential players operating in the computer reservation systems (CRS) market, but not restricted to include TravelClick, Travel Tripper, Sabre, IBC Hospitality Technology, Amadeus, SHR Windsurfer, Vertical Booking, Travelopro, HotelFriend AG, WebCRS, ProvabTechnosoft Pvt. Ltd, Clock Software, Pegasus CRS, Abacus, ACCELaero, Axess, KIU, and GuestCentric CRS, among others.
The taxonomy of the computer reservation systems (CRS) market by its scope and segmentation is as follows:
Global Computer Reservation Systems (CRS) Market: Offering Analysis
- On-Premise
- Web-Based
Global Computer Reservation Systems (CRS)Market: Application Analysis
- Air Travel
- Cruise
- Hotels and Resorts
- Car Rental
- Others
Global Computer Reservation Systems (CRS) Market: Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
KEY REPORT POINTERS & HIGHLIGHTS:
- Statistically Validated Analysis of Historical, Current, and Projected Industry Trends with Authenticated Market Sizes Information and Data in terms of Value and Volume, wherever applicable
- Direct and Indirect Factors that Impacted the Industry as well Projected Rationales expected to affect the industry going forward
- Micro, Meso, Macro, and In-Depth Analysis of Technically relevant and Commercially viable Segments and Sub-segments of the Market
- Historical and Projected Company / Vendor / OEM / Supplier Market Shares, Competitive Landscape, and Player Positioning Data
- Historical and Current Demand (Consumption) and Supply (Production) Scenarios as well as Projected Supply-Demand Scenario Analysis
- Detailed List of Key Buyers and End-Users (Consumers) analyzed as per Regions and Applications
- Value Chain and Supply Chain Analysis along with Horizontal and Vertical Integration Scenarios
- Manufacturing and Production Cost Structure Analysis including Labor Cost, Raw Material Expenses, and Other Manufacturing Expenses, wherever relevant
- Overview of Key Marketing Strategies and Key Industry vertical Adopted in the Market
- Market Attractiveness Analysis and Key Investment Opportunity Analysis in the Market going forward
- Technological Roadmap, Patents Analysis, Potential Substitutes, and Technical Analysis
- The professionally substantiated market research report study is calculated, constructed, and assembled by implementing a Robust Research Methodology. The Triangular Process comprises a buoyant mix of Exhaustive Primary Research (focused interviews, questionnaires, and ad-hoc surveys) and Extended Secondary Research (paid external databases, proprietary in-house database, and publically-available validated sources), where it is finally triangulated and validated through in-house industry experts, industry leaders, and independent consultants through a tri-level quality check practice.
Table of Content
Key Insights from Primary Research
- The robust industrialization in China is supposed to displaythe highest growth in the regional market as it is one of the developed economies.
- Increase urbanization is supposed to fuel market growth. The companies are supposed to invest in R&D to innovatethe better product. Innovation will open new opportunities for the computer reservation systems (CRS)thus is expected to propel the industry demand in the upcoming years.
- The “web-based” category, on the basis of offering segmentation, was the leading revenue-generating category accounting for more than 50.0% share, in 2019.
- The “air travel” category, on the basis of application segmentation, was the leading revenue-generating category accounting for more than40.0% share, in 2019.
Key Recommendations from Analysts
- There is a huge demand for computer reservation systems (CRS)in developing regions such as the Asia Pacific, which is driving the air travel, hotel and tourism industry in the regions.
- Europe region is anticipated to a larger share of the computer reservation systems (CRS) market in the upcoming years.
- China'scomputer reservation systems (CRS)market is anticipated to rise at the highest rate between 2020 and 2026.
- Our analysts have identified “web-based”, and “air travel”categories as the leading investment pockets for Chinacomputer reservation systems (CRS)market in terms of the type, and applicationsegmentation respectively.
Global Computer Reservation Systems (CRS)Market Revenue Share – By Type
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Industry Major Market Players
- TravelClick
- Travel Tripper
- Sabre
- IBC Hospitality Technology
- Amadeus
- SHR Windsurfer
- Vertical Booking
- Travelopro
- HotelFriend AG
- WebCRS
- ProvabTechnosoft Pvt.Ltd.
- Clock Software
- Pegasus CRS
- Abacus
- ACCELaero
- Axess
- KIU
- GuestCentric CRS
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