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North America Tour Operator Software Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component (Software and Services), Enterprise Size (Large Enterprises and SMEs), and Subscription Type (One Time Subscription, Monthly Subscription, and Annual Subscription)

Code: TIPRE00019123 | Pages: 89 | Industry: Technology, Media and Telecommunications | Date: Feb 2021
Covid

Market Introduction

The growing connectivity between places, increasing expenditure of people on travel and recreational activities, and various initiatives taken by governments for boosting their tourism industry are some of the key factors expanding the tour business. Tour operators are required to properly manage the business to ensure that the customers get their required returns on the amount spent by them. For optimizing the revenues by increasing sales, implementation of proper structures, and strategies are required. To achieve this, the tour operators must manage their operations more economically as well as keep adequate documentation. Tour operator software automates all the business activities as well as details related to customers and other stakeholders for smooth operations of tour business. As the operators are required to communicate with various travel agents for reservations, bookings, and other concerns, tour operator software is appropriate for fulfilling all these tasks. Thus, rising tourism industry with positive economic prospects to bolster the demand for tour operator software is expected to create a significant demand for tour operator software in the coming years, which is further anticipated to drive the North America tour operator software market.

North America is severely affected by the COVID-19 pandemic. North America is one of the significant regions for the adoption and growth of advanced technologies due to favorable government policies to accelerate innovation, a huge industrial base, and high purchasing power, especially in developed countries, such as the US and Canada. The US is the worst-hit country in North America, with the continuous growth of infected individuals has led the government to impose lockdown across the nation’s borders. The pandemic projected light on job security and social welfare in tourism sector, by underlining the vulnerabilities in North America. The US alone witnessed loss of more than US$297 billion from the negative impact on travel and tourism sector. Majority of the Americans are mostly preferring to go for a vacation to the familiar places, which is negatively impacting the business of travel agencies as well as the adoption of tour operator software. The international tourist mindset is swinging between hesitation and readiness with requirement of little or a lot more time to feel ready to travel. The outbreak would have a limited short-term impact on the market. The short-term effect of the crisis would not hinder the recovery of overall sales in the tourism industry in coming years.

Market Overview and Dynamics

The tour operator software market in North America is expected to grow from US$ 279.19 million in 2019 to US$ 485.67 million by 2027; it is estimated to grow at a CAGR of 10.8% from 2020 to 2027. The increasing integration of artificial intelligence (AI) for the enhancement in the overall process of booking attractive tour package through operators, which is boosting the adoption of tour operator software. 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 is furthered enhanced to meet their expectations. It also offers superior travel services, which are customized, automated, and insightful. The integration of AI permits the tour operators to study the interests and behaviors of the travelers and offer enhanced experience. The AI in the travel and tourism industry focuses majorly on the customer engagement and service, to further boost the travel experience of the travelers. The emerging AI technologies, such as Chatbots, language translators, and virtual reality in the tourism sectors, are positively impacting the travel, tourism, and hospitality industry. Thus, the rising integration of AI is further boosting the tourism sector across North America.

Key Market Segments

In terms of component, the software segment accounted for the largest share of the North America tour operator software market in 2019. In terms of enterprise size, the large enterprises segment held a larger market share of the North America tour operator software market in 2019. Further, monthly subscription the segment held a substantial share of the North America tour operator software market based on subscription type in 2019.

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the tour operator software market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Checkfront Inc; GP Solutions GmbH; Rezdy; TRAVEFY, INC; TRYTN; Xola, Inc.

Reasons to buy report

  • To understand the North America tour operator software market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for North America tour operator software market
  • Efficiently plan M&A and partnership deals in North America tour operator software market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form North America tour operator software market
  • Obtain market revenue forecast for market by various segments from 2020-2027 in North America region.

North America Tour operator software Market Segmentation

North America Tour Operator Software Market - By Component

  • Software
  • Services

North America Tour Operator Software Market - By Enterprise Size

  • Large Enterprises
  • SMEs

North America Tour Operator Software Market - By Subscription Type

  • One Time Subscription
  • Monthly Subscription
  •  Annual Subscription

North America Tour Operator Software Market - By Country

  • US
  • Canada
  • Mexico

North America Tour Operator Software Market - Company Profiles

  • Checkfront Inc
  • GP Solutions GmbH
  • Rezdy
  • TRAVEFY, INC
  • TRYTN
  • Xola, Inc.  

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

2.           Key Takeaways

3.           Research Methodology

3.1         Coverage

3.2         Secondary Research

3.3         Primary Research

4.           North America Tour Operator Software Market Landscape

4.1         Market Overview

4.2         North America PEST Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           North America Tour Operator Software Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Rising Tourism Industry with Positive Economic Prospects

5.1.2        Tourism Firms Getting Recognized

5.2         Market Restraints

5.2.1        Secured Transaction and Privacy Related Issues

5.3         Market Opportunities

5.3.1        North American Economies Witnessing Growth Opportunities

5.4         Future Trends

5.4.1        Rising Acceptance of AI across Tourism Industry

5.5         Impact Analysis of Drivers and Restraints

6.           Tour Operator Software Market– North America Analysis

6.1         North America Tour Operator Software Market Overview

6.2         North America Tour Operator Software Market– Revenue and Forecast to 2027 (US$ Million)

6.3         Market Positioning – Five Key Players

7.           North America Tour Operator Software Market Analysis – by Component

7.1         Overview

7.2         North America Tour Operator Software Market, by Component (2019 and 2027)

7.3         Software

7.3.1        Overview

7.3.2        Software: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)

7.4         Services

7.4.1        Overview

7.4.2        Services: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)

8.           North America Tour Operator Software Market Revenue and Forecast to 2027 – By Enterprise Size

8.1         Overview

8.2         North America Tour Operator Software Market Breakdown, By Enterprise Size, 2019 & 2027

8.3         SMEs

8.3.1        Overview

8.3.2        SMEs: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)

8.4         Large Enterprises

8.4.1        Overview

8.4.2        Large Enterprises: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)

9.           North America Tour Operator Software Market Revenue and Forecast to 2027 – By Subscription Type

9.1         Overview

9.2         North America Tour Operator Software Market Breakdown, By Subscription Type, 2019 & 2027

9.3         Monthly Subscription

9.3.1        Overview

9.3.2        Monthly Subscription: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)

9.4         Annual Subscription

9.4.1        Overview

9.4.2        Annual Subscription: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)

9.5         One Time Subscription

9.5.1        Overview

9.5.2        One-Time Subscription: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)

10.        North America Tour Operator Software Market –Country Analysis

10.1      Overview

10.1.1     North America: Tour Operator Software Market, By Country

10.1.1.1       US: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.1.1       US: Tour Operator Software Market, By Component

10.1.1.1.2       US: Tour Operator Software Market, By Enterprise Size

10.1.1.1.3       US: Tour Operator Software Market, By Subscription Type

10.1.1.2       Canada: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.2.1       Canada: Tour Operator Software Market, By Component

10.1.1.2.2       Canada: Tour Operator Software Market, By Enterprise Size

10.1.1.2.3       Canada: Tour Operator Software Market, By Subscription Type

10.1.1.3       Mexico: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)

10.1.1.3.1       Mexico: Tour Operator Software Market, By Component

10.1.1.3.2       Mexico: Tour Operator Software Market, By Enterprise Size

10.1.1.3.3       Mexico: Tour Operator Software Market, By Subscription Type

11.        Impact of COVID-19 Pandemic on North America Tour Operator Software Market

11.1      North America: Impact Assessment of COVID-19 Pandemic

12.        Industry Landscape

12.1      Overview

12.2      Market Initiative

12.3      New Product Development

13.        Company Profiles

13.1      Checkfront Inc

13.1.1     Key Facts

13.1.2     Business Description

13.1.3     Products and Services

13.1.4     Financial Overview

13.1.5     SWOT Analysis

13.1.6     Key Developments

13.2      GP Solutions GmbH

13.2.1     Key Facts

13.2.2     Business Description

13.2.3     Products and Services

13.2.4     Financial Overview

13.2.5     SWOT Analysis

13.2.6     Key Developments

13.3      Rezdy

13.3.1     Key Facts

13.3.2     Business Description

13.3.3     Products and Services

13.3.4     Financial Overview

13.3.5     SWOT Analysis

13.3.6     Key Developments

13.4      Travefy, Inc.

13.4.1     Key Facts

13.4.2     Business Description

13.4.3     Products and Services

13.4.4     Financial Overview

13.4.5     SWOT Analysis

13.4.6     Key Developments

13.5      TRYTN, Inc.

13.5.1     Key Facts

13.5.2     Business Description

13.5.3     Products and Services

13.5.4     Financial Overview

13.5.5     SWOT Analysis

13.5.6     Key Developments

13.6      Xola, Inc.

13.6.1     Key Facts

13.6.2     Business Description

13.6.3     Products and Services

13.6.4     Financial Overview

13.6.5     SWOT Analysis

13.6.6     Key Developments

14.        Appendix

14.1      About The Insight Partners

             14.2      Word Index

LIST OF TABLES

Table 1.             North America Tour Operator Software Market– Revenue and Forecast to 2027 (US$ Million)

Table 2.             US Tour Operator Software Market, By Component– Revenue and Forecast to 2027 (US$ Million)

Table 3.             US Tour Operator Software Market, By Enterprise Size – Revenue and Forecast to 2027 (US$ Million)

Table 4.             US Tour Operator Software Market, By Subscription Type – Revenue and Forecast to 2027 (US$ Million)

Table 5.             Canada Tour Operator Software Market, By Component– Revenue and Forecast to 2027 (US$ Million)

Table 6.             Canada Tour Operator Software Market, By Enterprise Size– Revenue and Forecast to 2027 (US$ Million)

Table 7.             Canada Tour Operator Software Market, By Subscription Type – Revenue and Forecast to 2027 (US$ Million)

Table 8.             Mexico Tour Operator Software Market, By Component– Revenue and Forecast to 2027 (US$ Million)

Table 9.             Mexico Tour Operator Software Market, By Enterprise Size– Revenue and Forecast to 2027 (US$ Million)

Table 10.          Mexico Tour Operator Software Market, By Subscription Type – Revenue and Forecast to 2027 (US$ Million)

Table 11.            List of Abbreviation

LIST OF FIGURES

Figure 1.           North America Tour Operator Software Market Segmentation

Figure 2.           North America Tour Operator Software Market Segmentation – By Country

Figure 3.           North America Tour Operator Software Market Overview

Figure 4.           Software Segment Held the Largest Share During Forecast Period

Figure 5.           SMEs Segment Expected to Grow at a Higher CAGR During Forecast Period

Figure 6.           Monthly Subscription Segment Dominated the Market

Figure 7.           North America Tour Operator Software Market, Country Analysis

Figure 8.           North America

Figure 9.           Ecosystem Analysis

Figure 10.        Expert Opinion

Figure 11.        North America Tour Operator Software Market Impact Analysis of Drivers and Restraints

Figure 12.        North America Tour Operator Software Market– Revenue and Forecast to 2027 (US$ Million)

Figure 13.        North America Tour Operator Software Market Revenue Share, by Component (2019 and 2027)

Figure 14.        North America Software: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)

Figure 15.        North America Services: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)

Figure 16.        North America Tour Operator Software Market Breakdown, By Enterprise Size, 2019 & 2027

Figure 17.        North America SMEs: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)

Figure 18.        North America Large Enterprises: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)

Figure 19.        North America Tour Operator Software Market Breakdown, By Subscription Type, 2019 & 2027

Figure 20.        North America Monthly Subscription: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)

Figure 21.        North America Annual Subscription: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)

Figure 22.        North America One Time Subscription: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)

Figure 23.        North America Tour Operator Software Market Revenue Share, By Country (2019 and 2027)

Figure 24.        US: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)

Figure 25.        Canada: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)

Figure 26.        Mexico: Tour Operator Software Market – Revenue and Forecast to 2027 (US$ Million)

Figure 27.          Impact of COVID-19 Pandemic in North America Country Markets

  1. Checkfront Inc
  2. GP Solutions GmbH
  3. Rezdy
  4. TRAVEFY, INC
  5. TRYTN
  6. Xola, Inc.

 

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America tour operator software market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the North America tour operator software market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth North America market trends and outlook coupled with the factors driving the tour operator software market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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