The global sales airline reservation software market in 2021 reached approximately US$4 .7 billion. The projected market growth for the period between 2022 and 2032 is expected to be significantly higher, with a forecasted growth rate of 9.5%, which surpasses the historical growth rates.
The category expected to generate the highest revenue is B2B travel portals, with a projected compound annual growth rate (CAGR) of 9.3% from 2022 to 2032. This indicates a substantial opportunity for growth in this sector.
The airline reservation system is critical since 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 due to the online mode of operation.
Customers can thus use this system that make reservations, modify reservations, and cancel reservations. The flight reservation software is particularly designed to function as a stand-alone 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 was published in large books by airlines.
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Travel agents faced the difficult task of researching separate books for reservations involving multiple airlines. It was a pipe dream to obtain a real-time picture of seat availability because airlines only shared information at the end of the day. 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 most airline companies in a single system.
The reservation software provides software design airline reservation and reservation software for inventory management modules, such as a centralized database architectural style for real-time data, travel information and seating management, and accommodation.
Leading Key Players in the Airline Reservation Software Market:
- 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
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Airline Reservation Software Market Analysis
By Type:
- B2B Travel Portal
- B2C booking engine
By Application:
- International Airline Booking
- Domestic Airline Booking
By Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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