Distribution System Market to Reach $15.4 Billion by 2032 at 7.8% CAGR: Allied Market Research

Monday, February 12, 2024 at 1:00pm UTC

NEW CASTLE, Delaware, Feb. 12, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, “Distribution System Market by Component (Software and Services), and Application (Hotels and Resorts, Cruises, Car Rental, Aviation, and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032” the distribution system market generated $7.5 billion in 2022 and is estimated to reach $15.4 billion by 2032, exhibiting a CAGR of 7.8% from 2023 to 2032. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios.

Drivers, Restraints, and Opportunities-

Rise in levels of globalization drives the market growth. In addition, advancements and modernization of technology primarily drive the growth of the market. However, rising implementation costs and complexity and the difficulty of integration are primarily are expected to hamper the growth of the market. Furthermore, enhanced effectiveness and output are expected to create lucrative growth opportunities for the market.

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Report coverage & details:

Report CoverageDetails
Forecast Period2023–2032
Base Year2022
Market Size in 2022$7.5 Billion
Market Size in 2032$15.4 Billion
Segments coveredComponent, Application, and Region.
DriversRise in levels of globalization

Advancements and modernization of technology
OpportunitiesEnhanced effectiveness and output
RestraintsRise in implementation costs

Complexity and the difficulty of integration

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The software segment to rule the market

By component, the software segment held the major share in 2022, garnering nearly two-thirds of the global distribution system market revenue, owing to businesses gaining the ability to manage records, handle logistics, track orders, and also analyze data, among other tasks propels the market growth significantly. The service segment is expected to witness the fastest CAGR of 8.9% throughout the forecast period, owing to organizations leveraging the data generated by the global distribution system to optimize their operations, gain valuable insights, and make informed decisions.

The car rental segment to dominate by 2032

By application, the hotel and resort segment accounted for nearly one-third of the global distribution system market share in 2022 and is expected to dominate by 2032, owing to leveraging GDS by hotels, and resorts to resourcefully manage their room availability, charges, and promotions, ensuring maximum residence and revenue generation in aiding the growth of the distribution system market. The car rental segment is also expected to display the fastest CAGR of 10.4% throughout the forecast period, owing to helping companies to keep a tab on the extensive network of travel agents and online platforms, which helps in increasing their visibility and bookings.

Asia-Pacific garnered the major share in 2032

By region, North America garnered the highest share, holding nearly one-third of the global distribution system market revenue in 2022, and is projected to retain its dominance by 2032, owing to increased focus on technological advancements and infrastructure development aiding the growth of the distribution system market. Asia-Pacific is expected to witness the fastest CAGR of 10.0% during the forecast period, owing to an increased need for strong distribution networks and efficient order fulfillment processes, which is expected to fuel the market growth in Asia-Pacific.

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Leading Market Players-

  • Amadeus IT Group SA,
  • Sabre GLBL Inc.,
  • Travelport,
  • Pegasus,
  • TravelSky Technology Limited.,
  • Sirena-Travel JSC,
  • SiteMinder,
  • TravelPerk
  • Kiu system solutions

The report analyzes these key players in the distribution system market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others, to increase their market penetration and strengthen their position in the industry. The report helps determine the business performance, operating segments, developments, and product portfolios of every market player.

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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