North America Tour Operator Software Market Segments and Growth by 2027

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 US, Canada, and Mexico are major economies in North America. Rising tourism industry with positive economic prospects is driving the North America tour operator software market in a positive way. The growth of the tourism sector is influenced by factors such as GDP growth, size of the economy, travel infrastructure development, industry mix, population, and regulatory policies. These factors vary from one country to another and affect the travel investment in that particular country. The tourism industry has spurred stupendously over the years and is at a constant rise. The demand for tourism among every class of society has led to the emergence of various types of tourism, such as roadways tourism, waterways tourism, and aerial tourism, among which roadways tourism has dominated the industry for a long period. Increasing disposable income among the masses in developed as well as developing countries has resulted in rising adoption of tour operators to book their tour by opting fascinating offers. Further, the GDP growth in countries such as US, Canada, and Mexico is expected to offer ample opportunities for the market growth in the coming years. With positive economic outlook, investments in travel infrastructure, growth in SMEs, huge cross border trade volumes, and stabilizing political conditions, the spending on tourism is expected to increase over the next few years. With increasing globalization and cross border trade, the spending on tourism is also rising. These factors have positively impacted the growth of the tour North America 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.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America tour operator software market. The North America tour operator software market is expected to grow at a good CAGR during the forecast period.

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

• One Time Subscription
• Monthly Subscription
•  Annual Subscription

North America Tour operator software Market, by Country

• US
• Canada
• Mexico

North America Tour operator software Market - Companies Mentioned

 

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

North America Tour Operator Software Report Scope