How big is the global travel technology market?
Joey Moore16 May, 2025Technology
The global travel technology market is a dynamic and rapidly expanding sector, valued at USD 10.7 billion in 2024, driven by innovations in booking platforms, AI-driven personalization, and digital payment systems. According to IMARC Group, the market is projected to reach USD 18.6 billion by 2033, exhibiting a robust compound annual growth rate (CAGR) of 6.05% from 2025 to 2033. This growth is fueled by increasing demand for seamless travel experiences, the rise of mobile and cloud-based solutions, and growing adoption of technologies like virtual reality and blockchain in travel services.
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