[171+ Pages Report] According to the report published by Facts and Factors, the global tour operator software market size was valued around USD 500 Million in 2020 and is expected to grow to around USD 1,200 Million by 2026 with a compound annual growth rate (CAGR) of roughly 12% between 2021 and 2026. The report analyzes the global tour operator software market drivers, challenges, and the impact they have on the demands during the forecast period. In addition, the report explores emerging opportunities in the tour operator software market.
The tourism industry is revolutionizing due to the rising adoption of tour operator software. The growing travel and tourism industry helps the adoption of tour operator software in order to advance the travel infrastructure, regulatory policies, booking processes, and to find new tourist locations. The tour operator software is known to help ease the booking and payment process. The tour operator software can spur stupendously with the rising globalization and cross border trade.
Tour operators use software to build their own tour activity, tour package, holiday, or travel itinerary and sell them directly to customers/travel agents. They sell their own products. Tour Operator Software is a travel software used to plan the best trip or itinerary for the tour operators or travel agents in order to automate their booking, customized package, accounting, payment gateway with customer management features, tour inventory, itinerary creation, back office management, MIS reports, and tour inventory.
Growing penetration of Artificial Intelligence in the booking process by the operators helps attract more bookings, which thereby will propel the adoption of tour operator software across the world. Surging adoption of devices such as tablets, laptops, and mobile devices coupled with high Internet speed in recent years will probably bolster the market expansion.
The increasing tourism, high disposable income, growing trade volumes, and globalization are factors proliferating the market growth during the forecast period. Furthermore, the influence of digitalization on travel booking and payment are other aspects propelling the tour operator software market. With the rising tourism operators, new tourist destinations, and tourism packages, the opportunities for the global tour operator software are expected to rise over the forecast period. The adoption of AI and robotics in the tourism industry is boosting the customer experience and services offered by the tour operator. With the introduction of artificial travel intelligence, the travel arrangements for the passenger are further enhanced to meet their expectations.
Moreover, the use of travel technology software in the field of hospitality and travel industry helps ease the communication and information sharing between the operators & travelers, which will fuel the market expansion. However, during the COVID-19 pandemic the lockdown has created a negative impact on the travel and tourism industry; thereby, affecting the tour operator software market. Additionally, the stringent government norms put on domestic as well international travel is expected to further restrain the tour operator software market growth.
The global tour operator software market is segmented based on deployment mode, enterprise size, subscription type, and regions.
Based on the deployment mode, the global tour operator software market is divided into cloud based and on-premises. The accessibility of cloud-based software from anywhere anytime majorly helps popularize its use and also generate the highest revenue for the global tour operator software market. The benefits of cloud-based software include no need for installation on the computer, easy data transfer to multiple users, and real-time data availability which helps the segment grow over the forecast period.
By enterprise size, the market is categorized into large enterprises and small & medium enterprises (SMEs). Large enterprises focus on customer preference by offering multiple destinations, hotels, and price ranges. The large enterprises segment holds the largest market share in the global tour operator software market. Large enterprises use tour operator software to provide various information such as amenities provided by hotels, tourist destinations, etc. all under a single roof. Most importantly, this software helps the employees in large enterprises stay on the same page in terms of policies and reservation processes so as to avoid errors.
On the basis of subscription type, the tour operator software market is classified into a one-time subscription, monthly subscription, and annual subscription.
Report Attribute |
Details |
Market Size in 2020 |
USD 500 Million |
Projected Market Size in 2026 |
USD 1,200 Million |
CAGR Growth Rate |
12% CAGR |
Base Year |
2020 |
Forecast Years |
2021-2026 |
Key Market Players |
Travefy Inc., Rezdy, TrekkSoft, Checkfront Inc., Xola Inc., Tourplan, Trawex Technologies Pvt Ltd., GP Solutions GmbH, Qtech Software, TraveloPro, TRYTN Inc., TechnoHeaven Consultancy, IT Web Services, Retreat Guru, eMinds, Adventure Bucket List, Dolphin Dynamics, Centaur Systems, WebBookingExpert, Tenet Enterprises Solutions, Lemax Systems, INFOTREE, iRez Systems, Jambix, VacationLabs, Amadeus, WeTravel, among others. |
Key Segment |
By Deployment Mode, y Enterprise Size, By Subscription Type, and By Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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North America is expected to dominate the global tour operator software market during the forecast period. The growth is primarily due to the mounting tourist destinations, high disposable income, regulatory policies, travel infrastructure development, and rising adoption of software by tour operators in the region.
Some of the key players dominating the global tour operator software market include :
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