Computer Reservation Systems (CRS) Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[190+ Pages Report] According to the report published by Facts Factors, the global computer reservation systems (CRS) market size was worth around USD 1,600 million in 2019 and is predicted to grow to around USD 3,700 million by 2026 with a compound annual growth rate (CAGR) of roughly 15% between 2020 and 2026. The report analyzes the global computer reservation systems (CRS) market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the computer reservation systems (CRS) market.

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.

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

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.

Report Scope

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.

Some of the leading players in the global market 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
• GuestCentric CRS

The taxonomy of the computer reservation systems (CRS) market by its scope and segmentation is as follows:

By Offering Segmentation Analysis

• On-Premise
• Web-Based

By Application Segmentation Analysis

• Air Travel
• Cruise
• Hotels and Resorts
• Car Rental
• Others

By 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