Global Ancillary Revenue Management Market to Reach US$1.5 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Ancillary Revenue Management estimated at US$964.1 Million in the year 2020, is projected to reach a revised size of US$1.5 Billion by 2027, growing at a CAGR of 6.6% over the period 2020-2027.Major Airlines, one of the segments analyzed in the report, is projected to grow at a 6.1% CAGR to reach US$1.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Low-Cost Airlines segment is readjusted to a revised 7.9% CAGR for the next 7-year period. This segment currently accounts for a 26.1% share of the global Ancillary Revenue Management market.
The U.S. Accounts for Over 29.5% of Global Market Size in 2020, While China is Forecast to Grow at a 6.2% CAGR for the Period of 2020-2027
The Ancillary Revenue Management market in the U.S. is estimated at US$284.6 Million in the year 2020. The country currently accounts for a 29.52% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$264.5 Million in the year 2027 trailing a CAGR of 6.2% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.1% and 5.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.4% CAGR while Rest of European market (as defined in the study) will reach US$264.5 Million by the year 2027.We bring years of research experience to this 7th edition of our report. The 130-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Amadeus IT Group SA
- Navitaire LLC
- Sabre Corporation
- Travelport, LP