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Global Online Travel Booking Platform Market 2018-2022 | Increasing Internet and Smartphone Penetration Promotes Growth | Technavio

The global online travel booking platform market is expected to register
a CAGR of over 11% during the period 2018-2022, according to the
latest market research report by Technavio.

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Technavio has published a new market research report on the global online travel booking platform market from 2018-2022. (Graphic: Business Wire)

A key factor driving the market’s growth is the increasing internet and
smartphone penetration. The rapid technological advances have led to the
increased internet and smartphone penetration across the globe in the
past decade. Mobile plays an important role in the global online travel
booking platform market. The internet connectivity has become a
necessity at home, office, and even in public places.

This market research report on the global
online travel booking platform market 2018-2022 provides
an analysis of the most important trends expected to impact the market
outlook during the forecast period. Technavio predicts an emerging trend
as a major factor that has the potential to significantly impact the
market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time
only: View
market snapshot before purchasing

In this report, Technavio highlights the increasing adoption of online
payment platforms as one of the key emerging trends in the global online
travel booking platform market:

Global online travel booking platform market:
Increasing adoption of online payment platforms

The security related to the online transactions is one of the major
challenges that restrict the growth of the global online travel booking
platform market. However, with advances in the security certification
and the increasing number of certified ethical hackers, the online
transactions are becoming secure and popular. The adoption of online
payment platforms has been increasing over the past few years.

“The government organizations and banking, financial services and
insurance require data security while conducting online transactions. To
ensure the security of online payments, there are several stringent
regulations that prevent identity and data thefts. In addition, there is
a growth in the number of secure-socket layer certificates among
financial institutions and banking sector that help to secure the
websites and benefit the customers and organizations,” says a senior
analyst at Technavio for research on enterprise application.

Global online travel booking platform market:
Segmentation and analysis

This market research report segments the global online travel booking
platform market based on type (packages and direct) and key regions (the
Americas, APAC, and EMEA).

The packages segment held the largest market share in 2017, accounting
for nearly 58% of the market. This segment is expected to dominate the
global market throughout the forecast period.

The Americas held the highest share of the global online travel booking
platform market in 2017, accounting for a market share of more than 45%.
This region is anticipated to lead the global market throughout the
period 2018-2022.

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Technavio’s sample reports are free of charge and contain multiple
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challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

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View source version on businesswire.com: https://www.businesswire.com/news/home/20180615005498/en/