Published: Oct, 2019
Global Distribution System Market: Overview
According to a new market report pertaining to the global distribution system (GDS) market published by Transparency Market Research the global distribution system market is projected to reach a value of ~US$ 14.5 Bn by 2027. The global distribution system market is projected to expand at a CAGR of 5.5% from 2019 to 2027. Growth of the GDS market can be attributed to the large and structurally growing travel & tourism market. Over the forecast period, Asia Pacific is anticipated to dominate the global distribution system market at a CAGR of ~6%.
In terms of revenue share, the global distribution system market is dominated by Europe, followed by Asia Pacific. In 2018, the software segment was valued at ~US$ 7.5 Bn in the global distribution system market, and is expected to see an opportunity of ~US$ 4 Bn in terms of revenue from 2019 to 2027, reflecting a CAGR of ~5% during the forecast period.
Increasing Importance and Expansion of LCCs
In the air travel industry, low cost carriers (LCCs) has become a sizeable segment, generating additional demand for air travel by offering low fares. According to Airbus, LCC’s share in global air travel is expected to increase from 17% of revenue passenger kilometers (RPK) in 2014 to 21% of RPK by 2034. The ability of a GDS to process complex itineraries has attracted many LCCs to adopt global distribution systems. Thus, the increasing importance and expansion of LCCs is contributing to the growth of the global distribution system market.
Global Distribution System Market: Regional Outlook
In terms of region, the global distribution system market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. The market in Asia Pacific is expected to expand at the highest CAGR during the forecast period. Asia Pacific is expected to see increasing growth in the global distribution system market, with China and India being the major markets in the region. The GDS markets in North America, Europe, and South America are also expected to expand rapidly during the forecast period.
The report provides in-depth segment analysis of the global distribution system market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries that hold growth opportunities or account for significant shares has also been included as part of geographic analysis of the global distribution system market.
Global Distribution System Market: Competition Dynamics
The research study includes profiles of the leading companies operating in the global distribution system market. Key players profiled in the GDS market report include Travelport Worldwide Ltd., Amadeus IT Group, Sabre Corporation, INFINI Travel Information, Inc., Sirena-Travel CJSC, and TravelSky Technology Limited.
Global Distribution System Market: Segmentation
The global distribution system market has been segmented in terms of component, application, and region.
Based on component, the global distribution system market has been classified into:
Based on application, the global distribution system market has been classified into:
- Hotels and Resorts
- Car Rentals
- Travel Agencies
- Transfer Suppliers
Based on region, the global distribution system market has been classified into:
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports thrive to provide clients to serve their overall research requirement.