Newly released Airline Reservation Software Market analysis report by Future Market Insights shows that global sales of the Airline Reservation Software Market in 2021 were held at USD 4.7 Bn. With 9.5%, the projected market growth during 2022 to 2032 is expected to be significantly higher than the historical growth. B2B travel portal is expected to be the highest revenue generating category, projected to register an opportunity of 9.3% CAGR 2022 to 2032.
| Attributes | Details |
|---|---|
| Global Airline Reservation Software Market Size (2022) | USD 5.2 Billion |
| Global Airline Reservation Software Market Size (2032) | USD 10.2 Billion |
| Global Airline Reservation Software Market CAGR (2022 to 2032) | 9.5% |
| USA Airline Reservation Software Market Size (2022) | USD 4.6 Billion |
| USA Airline Reservation Software Market CAGR (2022 to 2032) | 9.3% |
| Key Companies Covered | Airmax Systems; Provab ARS; VIDECOM design; SkyVantage; Results Reservation System; Kiu RES Airline Solutions Suite; Blue Sky Booking; SabreSonic Res; RezG-Package; AvAIO; Crane PAX; Sabre Airline Merchandising; Takeflite Reservation System; aeroLINE; AirKiosk system; Bird Group; iFly Res; AmeliaRES |
As per the Airline Reservation Software Market research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2015 to 2021, the market value of the Airline Reservation Software Market increased at around 10.2% CAGR.
The Airline Reservation Software Market streamlines critical operations, focuses on automating resource-intensive back-office processes, and increases airline revenue through turbo-charged ancillary and e-commerce opportunities, all of which will drive market demand.
Nowadays, airline reservation software makes life easier for passengers because they do not have to stand in lines for hours to book seats; instead, they book with a single click, which drives the demand for Airline Reservation System Software Market. This software is also significantly fast and accurate, and it can be reserved or canceled at any moment and from any location.
The use of software improves efficiency and results in on-time schedule performance. It aids the vendor in the creation and maintenance of flight schedules and timings. It assists in viewing traveler lists as well as seat availability.
Despite the fact that it is a consumer-facing booking propulsion system for airline reservations, it also communicates with global distribution systems and can determine ticket prices and availability. The combination of internet penetration and smartphone use creates lucrative opportunities for the Global Airline Reservation Software Market.
Some restrictions are limiting the global airline reservation software market's growth. The poor coordination between government agencies and private enterprises in sharing data may pose additional challenges to market growth.
In 2021, North America held over 30% share of the airline reservation software market. This is due to the advent of cloud technologies by businesses. Over the forecast period, the Asia Pacific market for Airline reservation software is expected to increase substantially.
Furthermore, the availability of software on mobile phones and the increasing emergence of technological advancements are driving demand for software in North America and Europe. Similarly, demand for software in Latin America, the Middle East, and Africa, as well as Asia Pacific, is expected to rise as cloud infrastructure develops in these regions. Besides, machine learning and artificial intelligence is expected to drive the North American Airline reservation software market.
The United States is expected to account for the largest market share of USD 4.6 Bn by the end of 2032. Europe is the fastest growing country in the upcoming years. The increased demand for airline reservation software in this region is due to an increase in air passenger traffic and the growth of MICE tourism, which necessitates a comprehensive range of traveler solutions such as ticketing, check-in, and security management.
The B2B travel portal is expected to account for the largest CAGR of 9.3% between 2022 and 2032. B2B Travel Portal is an internet ticketing engine and an important tool for travel agents. It offers a white-label solution for travel agencies to gain access to real-time online reservations and availability through the user-friendly booking engine platform. Authorized agencies can log on to B2B portal, search and reserve tickets, add mark-ups, and pay for online booking with a wide range of B2B Travel Portal features.
They can view, email or download reservation vouchers or cancel the reservation for their customers from the admin booking panel at any time, and from any device. Travel agencies have opted to go for online reservations as it saves resources and also enables instant payments.
B2C Booking Engine on the other hand is an online reservation portal that offers flight, transfer, and bundle modules to demand effective B2C customers to search and make reservations. A B2C Booking Engine is an essential component of a Booking Site. It is a retail travel portal that allows businesses to gain more sales and increase revenue.
B2C Booking Engine evaluates and boosts intuition in the growth of online reservation engines. It also determines which regions are selling the most and tailors market strategy to improve and promote travel easily to end consumers. Customers believe in reservations done earlier for airways travel.
The airline industry works at the max through the B2C Booking Engine as it helps to secure seats in advance, also, choose seats and look for different fares of different airlines.
In 2021, the International Airline Booking sector held the largest market share. It is expected to account for 9.1% CAGR during the forecast period in the global market. The government's decision to launch regular flights has increased international capacity and helped to lower airfares, which have risen due to increased demand and a rise in crude oil prices.
International routes also result in higher revenue per seat. The air tickets reserved for international flights are mostly business class since the journey is longer and also, accommodated for business trips.
The domestic airline booking segment is rapidly expanding. The domestic airline booking segment's dominance can be attributed to the rise in domestic air passenger traffic as a result of increased business trips, leisure trips, and personal trips after the pandemic.
Due to the growth in the multitude of employee business trips, and widespread integration of the software in key corporations. Moreover, small and medium-sized enterprises are expected to grow faster during the forecast period as they look to adopt airline software and optimize their manual procedures in order to gain a better ROI. Furthermore, the software assists organizations in transitioning away from the traditional methods of account management and provides an automated method of maintaining ledgers.
The prominent players in the 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, Sabre Airline Merchandising, Takeflite Reservation System, aeroLINE, AirKiosk system, Bird Group, iFly Res, and AmeliaRES.
Some of recent developments for Airline Reservation Software Market are:
In November 2021, Sabre Corporation, the leading software and technology corporation that powers the international travel industry that includes airline reservation software, announced the release of the first two products in the company's Retail Intelligence suite: Sabre Air Price IQ and Sabre Ancillary IQ, which are designed to dynamically price airfare and ancillaries, respectively.
Sabre Retail Intelligence is a suite that empowers airlines to deliver personalized travel offers through both traditional and non-traditional channels. Retail Intelligence, powered by Sabre Travel AITM - an innovative capability that integrates Sabre technology with Google Cloud's cutting-edge AI technologies and improved machine-learning services - will enable airlines to adaptively provide offers to travelers based on user preferences, marketplace insights, and purchase probability, resulting in a more personalized and better traveler experience.
In May 2022, Kiu System Solutions, a leading technology provider for the travel sector, announced that it has won a client in Colombia. Sarpa Airlines has signed contracts for the systems Kiu PSS, Kiu DCS for check-in, Kiu GDS for worldwide spread through travel companies, Kiu E-commerce, and Kiu Admin for revenue accounting. Similarly, 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 the versatility to endorse their sales strategies and, as a result, will be able to provide greater client satisfaction through new and innovative products as a result of this new tech and distribution expansion.
Similarly, more recent developments related to companies in Airline Reservation Software Market services have been tracked by the team at Future Market Insights, which are available in the full report.
Table 1: Global Airline Reservation Software Market Value (US$ Mn), By Application, 2015 – 2021
Table 2: Global Airline Reservation Software Market Value (US$ Mn), By Application, 2022 – 2032
Table 3: Global Airline Reservation Software Market Value (US$ Mn), By Type, 2015 – 2021
Table 4: Global Airline Reservation Software Market Value (US$ Mn), By Type, 2022 – 2032
Table 5: Global Airline Reservation Software Market, By Region, 2015 – 2021
Table 6: Global Airline Reservation Software Market, By Region, 2022 – 2032
Table 7: North America Airline Reservation Software Market Value (US$ Mn), By Application, 2015 – 2021
Table 8: North America Airline Reservation Software Market Value (US$ Mn), By Application, 2022 – 2032
Table 9: North America Airline Reservation Software Market Value (US$ Mn), By Type, 2015 – 2021
Table 10: North America Airline Reservation Software Market Value (US$ Mn), By Type, 2022 – 2032
Table 11: North America Airline Reservation Software Market, By Country, 2015 – 2021
Table 12: North America Airline Reservation Software Market, By Country, 2022 – 2032
Table 13: Latin America Airline Reservation Software Market Value (US$ Mn), By Application, 2015 – 2021
Table 14: Latin America Airline Reservation Software Market Value (US$ Mn), By Application, 2022 – 2032
Table 15: Latin America Airline Reservation Software Market Value (US$ Mn), By Type, 2015 – 2021
Table 16: Latin America Airline Reservation Software Market Value (US$ Mn), By Type, 2022 – 2032
Table 17: Latin America Airline Reservation Software Market, By Country, 2015 – 2021
Table 18: Latin America Airline Reservation Software Market, By Country, 2022 – 2032
Table 19: Europe Airline Reservation Software Market Value (US$ Mn), By Application, 2015 – 2021
Table 20: Europe Airline Reservation Software Market Value (US$ Mn), By Application, 2022 – 2032
Table 21: Europe Airline Reservation Software Market Value (US$ Mn), By Type, 2015 – 2021
Table 22: Europe Airline Reservation Software Market Value (US$ Mn), By Type, 2022 – 2032
Table 23: Europe Airline Reservation Software Market, By Country, 2015 – 2021
Table 24: Europe Airline Reservation Software Market, By Country, 2022 – 2032
Table 25: Asia Pacific Airline Reservation Software Market Value (US$ Mn), By Application, 2015 – 2021
Table 26: Asia Pacific Airline Reservation Software Market Value (US$ Mn), By Application, 2022 – 2032
Table 27: Asia Pacific Airline Reservation Software Market Value (US$ Mn), By Type, 2015 – 2021
Table 28: Asia Pacific Airline Reservation Software Market Value (US$ Mn), By Type, 2022 – 2032
Table 29: Asia Pacific Airline Reservation Software Market, By Country, 2015 – 2021
Table 30: Asia Pacific Airline Reservation Software Market, By Country, 2022 – 2032
Table 31: MEA Airline Reservation Software Market Value (US$ Mn), By Application, 2015 – 2021
Table 32: MEA Airline Reservation Software Market Value (US$ Mn), By Application, 2022 – 2032
Table 33: MEA Airline Reservation Software Market Value (US$ Mn), By Type, 2015 – 2021
Table 34: MEA Airline Reservation Software Market Value (US$ Mn), By Type, 2022 – 2032
Table 35: MEA Airline Reservation Software Market, By Country, 2015 – 2021
Table 36: MEA Airline Reservation Software Market, By Country, 2022 – 2032
Table 37: Global Airline Reservation Software Market Incremental $ Opportunity, By Application, 2015 - 2021
Table 38: Global Airline Reservation Software Market Incremental $ Opportunity, By Type, 2022 – 2032
Table 39: Global Airline Reservation Software Market Incremental $ Opportunity, By Region, 2022 – 2032
Table 40: North America Airline Reservation Software Market Incremental $ Opportunity, By Application, 2015 - 2021
Table 41: North America Airline Reservation Software Market Incremental $ Opportunity, By Type, 2022 – 2032
Table 42: North America Airline Reservation Software Market Incremental $ Opportunity, By Country, 2022 – 2032
Table 43: Latin America Airline Reservation Software Market Incremental $ Opportunity, By Application, 2015 - 2021
Table 44: Latin America Airline Reservation Software Market Incremental $ Opportunity, By Type, 2022 – 2032
Table 45: Latin America Airline Reservation Software Market Incremental $ Opportunity, By Country, 2022 – 2032
Table 46: Europe Airline Reservation Software Market Incremental $ Opportunity, By Application, 2015 - 2021
Table 47: Europe Airline Reservation Software Market Incremental $ Opportunity, By Type, 2022 – 2032
Table 48: Europe Airline Reservation Software Market Incremental $ Opportunity, By Country, 2022 - 2032
Table 49: Asia Pacific Airline Reservation Software Market Incremental $ Opportunity, By Application, 2015 - 2021
Table 50: Asia Pacific Airline Reservation Software Market Incremental $ Opportunity, By Type, 2022 – 2032
Table 51: Asia Pacific Airline Reservation Software Market Incremental $ Opportunity, By Country, 2022 – 2032
Table 52: MEA Airline Reservation Software Market Incremental $ Opportunity, By Application, 2015 - 2021
Table 53: MEA Airline Reservation Software Market Incremental $ Opportunity, By Type, 2022 – 2032
Table 54: MEA Airline Reservation Software Market Incremental $ Opportunity, By Country, 2022 - 2032
Figure 1: Global Airline Reservation Software Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 2: Global Airline Reservation Software Market Absolute $ Historical Gain (2015 - 2021) and Opportunity (2022 – 2032), US$ Mn
Figure 3: Global Airline Reservation Software Market Share, By Application, 2022 & 2032
Figure 4: Global Airline Reservation Software Market Y-o-Y Growth Projections, By Application – 2022-2032
Figure 5: Global Airline Reservation Software Market Attractiveness Index, By Application – 2022-2032
Figure 6: Global Airline Reservation Software Market Share, By Type, 2022 & 2032
Figure 7: Global Airline Reservation Software Market Y-o-Y Growth Projections, By Type – 2022-2032
Figure 8: Global Airline Reservation Software Market Attractiveness Index, By Type – 2022-2032
Figure 9: Global Airline Reservation Software Market Share, By Region, 2022 & 2032
Figure 10: Global Airline Reservation Software Market Y-o-Y Growth Projections, By Region – 2022-2032
Figure 11: Global Airline Reservation Software Market Attractiveness Index, By Region – 2022-2032
Figure 12: North America Airline Reservation Software Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 13: North America Airline Reservation Software Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn
Figure 14: North America Airline Reservation Software Market Share, By Application, 2022 & 2032
Figure 15: North America Airline Reservation Software Market Y-o-Y Growth Projections, By Application – 2022-2032
Figure 16: North America Airline Reservation Software Market Attractiveness Index, By Application – 2022-2032
Figure 17: North America Airline Reservation Software Market Share, By Type, 2022 & 2032
Figure 18: North America Airline Reservation Software Market Y-o-Y Growth Projections, By Type – 2022-2032
Figure 19: North America Airline Reservation Software Market Attractiveness Index, By Type – 2022-2032
Figure 20: North America Airline Reservation Software Market Share, By Country, 2022 & 2032
Figure 21: North America Airline Reservation Software Market Y-o-Y Growth Projections, By Country – 2022-2032
Figure 22: North America Airline Reservation Software Market Attractiveness Index, By Country – 2022-2032
Figure 23: Latin America Airline Reservation Software Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 24: Latin America Airline Reservation Software Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn
Figure 25: Latin America Airline Reservation Software Market Share, By Application, 2022 & 2032
Figure 26: Latin America Airline Reservation Software Market Y-o-Y Growth Projections, By Application – 2022-2032
Figure 27: Latin America Airline Reservation Software Market Attractiveness Index, By Application – 2022-2032
Figure 28: Latin America Airline Reservation Software Market Share, By Type, 2022 & 2032
Figure 29: Latin America Airline Reservation Software Market Y-o-Y Growth Projections, By Type – 2022-2032
Figure 30: Latin America Airline Reservation Software Market Attractiveness Index, By Type – 2022-2032
Figure 31: Latin America Airline Reservation Software Market Share, By Country, 2022 & 2032
Figure 32: Latin America Airline Reservation Software Market Y-o-Y Growth Projections, By Country – 2022-2032
Figure 33: Latin America Airline Reservation Software Market Attractiveness Index, By Country – 2022-2032
Figure 34: Europe Airline Reservation Software Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 35: Europe Airline Reservation Software Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn
Figure 36: Europe Airline Reservation Software Market Share, By Application, 2022 & 2032
Figure 37: Europe Airline Reservation Software Market Y-o-Y Growth Projections, By Application – 2022-2032
Figure 38: Europe Airline Reservation Software Market Attractiveness Index, By Application – 2022-2032
Figure 39: Europe Airline Reservation Software Market Share, By Type, 2022 & 2032
Figure 40: Europe Airline Reservation Software Market Y-o-Y Growth Projections, By Type – 2022-2032
Figure 41: Europe Airline Reservation Software Market Attractiveness Index, By Type – 2022-2032
Figure 42: Europe Airline Reservation Software Market Share, By Country, 2022 & 2032
Figure 43: Europe Airline Reservation Software Market Y-o-Y Growth Projections, By Country – 2022-2032
Figure 44: Europe Airline Reservation Software Market Attractiveness Index, By Country – 2022-2032
Figure 45: MEA Airline Reservation Software Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 46: MEA Airline Reservation Software Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn
Figure 47: MEA Airline Reservation Software Market Share, By Application, 2022 & 2032
Figure 48: MEA Airline Reservation Software Market Y-o-Y Growth Projections, By Application – 2022-2032
Figure 49: MEA Airline Reservation Software Market Attractiveness Index, By Application – 2022-2032
Figure 50: MEA Airline Reservation Software Market Share, By Type, 2022 & 2032
Figure 51: MEA Airline Reservation Software Market Y-o-Y Growth Projections, By Type – 2022-2032
Figure 52: MEA Airline Reservation Software Market Attractiveness Index, By Type – 2022-2032
Figure 53: MEA Airline Reservation Software Market Share, By Country, 2022 & 2032
Figure 54: MEA Airline Reservation Software Market Y-o-Y Growth Projections, By Country – 2022-2032
Figure 55: MEA Airline Reservation Software Market Attractiveness Index, By Country – 2022-2032
Figure 56: Asia Pacific Airline Reservation Software Market Value (US$ Mn) and Year-on-Year Growth, 2015-2032
Figure 57: Asia Pacific Airline Reservation Software Market Absolute $ Opportunity Historical (2015 - 2021) and Forecast Period (2022 – 2032), US$ Mn
Figure 58: Asia Pacific Airline Reservation Software Market Share, By Application, 2022 & 2032
Figure 59: Asia Pacific Airline Reservation Software Market Y-o-Y Growth Projections, By Application – 2022-2032
Figure 60: Asia Pacific Airline Reservation Software Market Attractiveness Index, By Application – 2022-2032
Figure 61: Asia Pacific Airline Reservation Software Market Share, By Type, 2022 & 2032
Figure 62: Asia Pacific Airline Reservation Software Market Y-o-Y Growth Projections, By Type – 2022-2032
Figure 63: Asia Pacific Airline Reservation Software Market Attractiveness Index, By Type – 2022-2032
Figure 64: Asia Pacific Airline Reservation Software Market Share, By Country, 2022 & 2032
Figure 65: Asia Pacific Airline Reservation Software Market Y-o-Y Growth Projections, By Country – 2022-2032
Figure 66: Asia Pacific Airline Reservation Software Market Attractiveness Index, By Country – 2022-2032
Figure 67: US Airline Reservation Software Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 68: US Airline Reservation Software Market Share, By Application, 2021
Figure 69: US Airline Reservation Software Market Share, By Type, 2021
Figure 70: Canada Airline Reservation Software Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 71: Canada Airline Reservation Software Market Share, By Application, 2021
Figure 72: Canada Airline Reservation Software Market Share, By Type, 2021
Figure 73: Brazil Airline Reservation Software Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 74: Brazil Airline Reservation Software Market Share, By Application, 2021
Figure 75: Brazil Airline Reservation Software Market Share, By Type, 2021
Figure 76: Mexico Airline Reservation Software Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 77: Mexico Airline Reservation Software Market Share, By Application, 2021
Figure 78: Mexico Airline Reservation Software Market Share, By Type, 2021
Figure 79: Germany Airline Reservation Software Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 80: Germany Airline Reservation Software Market Share, By Application, 2021
Figure 81: Germany Airline Reservation Software Market Share, By Type, 2021
Figure 82: U.K. Airline Reservation Software Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 83: U.K. Airline Reservation Software Market Share, By Application, 2021
Figure 84: U.K. Airline Reservation Software Market Share, By Type, 2021
Figure 85: France Airline Reservation Software Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 86: France Airline Reservation Software Market Share, By Application, 2021
Figure 87: France Airline Reservation Software Market Share, By Type, 2021
Figure 88: Italy Airline Reservation Software Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 89: Italy Airline Reservation Software Market Share, By Application, 2021
Figure 90: Italy Airline Reservation Software Market Share, By Type, 2021
Figure 91: BENELUX Airline Reservation Software Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 92: BENELUX Airline Reservation Software Market Share, By Application, 2021
Figure 93: BENELUX Airline Reservation Software Market Share, By Type, 2021
Figure 94: Nordic Countries Airline Reservation Software Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 95: Nordic Countries Airline Reservation Software Market Share, By Application, 2021
Figure 96: Nordic Countries Airline Reservation Software Market Share, By Type, 2021
Figure 97: China Airline Reservation Software Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 98: China Airline Reservation Software Market Share, By Application, 2021
Figure 99: China Airline Reservation Software Market Share, By Type, 2021
Figure 100: Japan Airline Reservation Software Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 101: Japan Airline Reservation Software Market Share, By Application, 2021
Figure 102: Japan Airline Reservation Software Market Share, By Type, 2021
Figure 103: South Korea Airline Reservation Software Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 104: South Korea Airline Reservation Software Market Share, By Application, 2021
Figure 105: South Korea Airline Reservation Software Market Share, By Type, 2021
Figure 106: GCC Countries Airline Reservation Software Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 107: GCC Countries Airline Reservation Software Market Share, By Application, 2021
Figure 108: GCC Countries Airline Reservation Software Market Share, By Type, 2021
Figure 109: South Africa Airline Reservation Software Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 110: South Africa Airline Reservation Software Market Share, By Application, 2021
Figure 111: South Africa Airline Reservation Software Market Share, By Type, 2021
Figure 112: Turkey Airline Reservation Software Market Value (US$ Mn) and Forecast, 2022 - 2032
Figure 113: Turkey Airline Reservation Software Market Share, By Application, 2021
Figure 114: Turkey Airline Reservation Software Market Share, By Type, 2021
The Global Airline Reservation Software Market is worth more than USD 4.7 Billion at present.
The value of the Airline Reservation Software Market is projected to increase at a CAGR of around 9.5% during 2022 to 2032.
The value of the Airline Reservation Software Market increased at a CAGR of around 10.2% during 2015 to 2021.
The growing trend of e-booking is helping to push the global airline reservations software market forward. The advancement of technology and the rise in the internet penetration rate have led to the development of e-booking systems for people's convenience.
The market for Airline Reservation Software Market in US is projected to expand at a CAGR of around 9.3% during 2022 to 2032.
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Airline Reservation Software Market
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