Global Business Travel Market size is projected to grow at a CAGR of 7.6% during the forecast period, from 2024 to 2030, to reach a market size of USD 2.69 trillion by 2030, from USD $1.61 trillion in 2023.
Managed Services Market Overview
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Managed Services Market Scope and Methodology:
The major companies in the global market for Managed Services Market are thoroughly examined in the report. The report also includes companies' strategies to grow their market share and keep their hegemony in various areas, these firms have used a variety of tactics, including agreements, joint ventures, growth, and the introduction of new products. The report is useful for showcasing market participants' strategic actions, product portfolios, company performance, and operational segments to illustrate the competitive landscape.
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The report includes extensive research on a range of leading firms' business strategies, including partnerships, mergers, acquisitions, and cooperation. The SWOT analysis was used in the report to evaluate the company's entire market position to pinpoint its advantages, disadvantages, opportunities, and threats. The Managed Services market has been analyzed using analytical methodologies including investment return analysis, feasibility study, and Porter's five forces analysis. The global and regional Managed Services market sizes have been estimated using the bottom-up technique.
Managed Services Market Regional Insights
The focus of the Report is on the regional dynamics to assess the Managed Services market's state across countries in North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The Managed Services market is identified and widely split into these established areas, enabling a thorough understanding of the market's layout and the constantly changing factors within each geographic sector.
Managed Services Market Segmentation
When it comes to business travel, the transport industry is the largest, making up over half of the entire spending. This market is expected to grow at a compound annual growth rate (CAGR) of 12% from 2023 to 2029, driven by the rise in demand for air travel and the expansion of low-cost carriers. The second-largest category, accounting for more than 30% of overall spending, is food and lodging.
This segment is expected to expand at a 10% compound annual growth rate (CAGR) from 2023 to 2029, driven by rising consumer demand for upscale food and lodging. Recreation makes up less than 20% of total spending, which is a smaller portion of the market. But between 2023 and 2029, it is projected to grow at an 8% CAGR, driven by a rise in demand for attractions like sightseeing.
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Managed Services Market Key Players
1. American Express Global Business Travel - United States
2. Carlson Wagonlit Travel - United States
3. Expedia Group - United States
4. Flight Centre Travel Group - Australia
5. BCD Travel - Netherlands
6. Corporate Travel Management - Australia
7. Hogg Robinson Group - United Kingdom
8. Egencia - United States
9. ATG Travel - United States
10. Direct Travel - United States
11. Travel Leaders Group - United States
12. Frosch International Travel - United States
13. HRG North America - United Kingdom
14. Omega World Travel - United States
15. Ovation Travel Group - United States
16. BCD Meetings and Events - Netherlands
17. World Travel, Inc. - United States
18. Reed Mackay - United Kingdom
19. Uniglobe Travel International - Canada
20. Travel and Transport - United States
21. Christopherson Business Travel - United States
22. Acendas - United States
23. Protravel International - United States
24. Adelman Travel Group - United States
25. CWT Meetings Events - United States
Key questions answered in the Managed Services Market are:
- What is Managed Services?
- What was the Managed Services Market size?
- What is the growth rate of the Managed Services Market?
- Which are the factors expected to drive the Managed Services Market growth?
- What are the upcoming opportunities and trends for the Managed Services Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Managed Services Market?
- What is the CAGR at which the Managed Services Market will grow during the forecast period?
- What are the different segments of the Managed Services Market?
- Which is the fastest growing region in the Managed Services Market?
- What growth strategies are the players considering to increase their presence in Managed Services?
- What segments are covered in the Managed Services Market?
- Who are the key players in the Managed Services Market?
- Who are the leading companies and what are their portfolios in Managed Services Market?
Key Offerings:
- Past Market Size and Competitive Landscape
- Past Pricing and price curve by region
- Market Size, Share, Size Forecast by different segment |
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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