The airline reservation software market streamlines critical operations, focuses on automating resource-intensive back-office processes, and increases airline revenue through turbocharged ancillary and e-commerce opportunities, which will boost all market demand.
NEWARK, Del., September 5, 2022 /PRNewswire/ — The Airline Reservation Software Market was rated at US$5.2 billion in 2022 and should reach US$10.2 billion by 2032 finds Future Market Insights (IMF) in a recent market study. It is expected to grow at a CAGR of 9.5% from 2022 to 2032. According to the results, revenue through the B2B travel portal grew at a CAGR of 10% from 2015 to 2021.
The airline reservation system is essential because it has the ability to significantly reduce errors that could have occurred when using a manual reservation system. Customers can book flights whenever they want through the online mode of operation.
Customers can thus use this system which makes reservations, modifies reservations and cancels reservations. In particular, flight reservation software is designed to work as a standalone application. The need for this system was recognized in the early stages of the airline industry, when information such as flight routes, aircraft, schedules and fares were published in ledgers by the airlines.
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Travel agents were faced with the difficult task of searching separate books for bookings involving multiple airlines. It was a pipe dream to get a real-time picture of seat availability, as airlines only shared information at the end of the day. The airline reservation software is used for airline reservations and interfaces with a global distribution system (GDS), which allows travel agencies and other distribution channels to make reservations for the most airlines in a single system.
The reservation software provides airline reservation and reservation software design software for inventory management modules, such as a centralized database architectural style for real-time data, travel information and seat management, and accommodation.
Key Players of Airline Reservation Software market are Airmax Systems, Provab ARS, VIDECOM design, SkyVantage, Results Reservation System, Kiu RES Airline Solutions Suite, Blue Sky Booking, SabreSonic Res, RezG-Package, AvAIO, Odysseus Solutions, Crane PAX, Saber Airline Merchandising, Takeflite Reservation System, aeroLINE, AirKiosk System, Bird Group, iFly Res and AmeliaRES.
Some of the recent developments for the airline reservation software market are:
In November 2021Saber Corporation, the software and technology leader powering the international travel industry that includes airline reservation software, announced the release of the first two products in the company’s Retail Intelligence Suite: Saber Air Price IQ and Saber Ancillary IQ, which are designed to dynamically price airline tickets and accessories, respectively.
Saber Retail Intelligence is a suite that enables airlines to deliver personalized travel deals through traditional and non-traditional channels. Retail Intelligence, powered by Saber Travel AITM – an innovative capability that integrates Saber technology with Google Cloud’s cutting-edge artificial intelligence technologies and enhanced machine learning services – will enable airlines to adaptively deliver offers to travelers based on user preferences, market information and purchases. probability, resulting in a more personalized and better travel experience.
In May 2022Kiu System Solutions, a leading technology provider for the travel industry, announced that it has won a customer in Colombia. Sarpa Airlines has signed contracts for Kiu PSS systems, Kiu DCS for check-in, Kiu GDS for global distribution via travel agencies, Kiu E-commerce and Administrator Kiu for revenue accounting. Likewise, they plan to sign up for Kiu Business Intelligence in the near future to expand their use of Kiu’s suite of solutions. Sarpa, a company with extensive experience in the aviation sector, will gain versatility to approve its sales strategies and, therefore, will be able to provide greater customer satisfaction through new and innovative products thanks to this further technological and distribution expansion. .
Likewise, more recent developments related to the Airline Reservation Software market services business have been tracked by the team at Future Market Insights which are available in the full report.
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Future Market Insights in its new offering presents an unbiased analysis of the global airline reservation software market, showcasing historical market data (2015-2021) and forecast statistics for the period 2022-2032.
The study reveals strong growth of the global airline reservation software market in terms of type (B2B travel portal and B2C booking engine), by application (international airline reservation and domestic airline reservation), in five regions (North America, Asia Pacific, Europe, Middle East & Africa and Latin America).
Market Segments Covered by Airline Reservation Software Market Analysis
B2B travel portal
B2C booking engine
Middle East and Africa
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1.1. Global Market Outlook
1.2. Summary of statistics
1.3. Key Market Features and Attributes
1.4. Analysis and recommendations
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limits
3. Assessment of risks and market trends
3.1. Risk assessment
3.2. Key trends impacting the market
3.3. Trends in formulation and application development
4. Market Context and Basic Data Points
4.1. Global Airline Reservation Software Market (US$ Million)
4.2. Airline Reservation Software Market Opportunity Assessment (US$ Million)
4.3. Market Scenario Forecast
4.4. Investment Feasibility Analysis
5. Key success factors
5.1. Manufacturers’ focus on low-penetration, high-growth markets
5.2. Bet on Segments High Incremental Opportunity
5.3. Peer benchmarking
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