MARKET INTRODUCTION

Online bus ticketing provides a centralized network for booking, viewing, and canceling real-time bus ticket reservations, offering an enhanced solution over conventional travel booking options such as contacting local travel agents or booking tickets at the counter. The rapid penetration of internet users around the world has led to a rise in the rate of adoption of technological aspects in the travel industry. The presence of both local/regional and international players has made the online bus ticketing service market competitive. One of the crucial strategies adopted by the key players includes discounts on first orders, and during festivals and holidays. Several vendors also provide personalized services and offer for the users traveling frequently and using their ticketing service.

MARKET DYNAMICS

Key factors driving the growth of the market are evolving online travel booking behavior of consumers and increasing internet and smartphone penetration. As, with the growing popularity of Internet-enabled products and services, travelers are moving towards online travel bookings for domestic as well and international flights, bus tickets, train tickets, cabs, and hotels. Online booking makes it easy for travelers to plan their trips and is thus becoming a very competitive market. Increasing focus on marketing and promotional activities for customer acquisition is one of the significant trends likely to impact the growth of the market during the forecast period. However, the technical and privacy issues faced by the consumers while booking bus tickets online might hamper the growth of the market.

MARKET SCOPE

The "Global Online Bus Ticketing Service Market Analysis to 2027" is a specialized and in-depth study of the technology, media, and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the online bus ticketing service market with detailed market segmentation by type, application, and geography. The global online bus ticketing service market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading online bus ticketing service market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global online bus ticketing service market is segmented on the basis of type and application. Based on type, the online bus ticketing service market is segmented into mobile application and desktop. On the basis of application, the market is segmented into tourism travel, business travel, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global online bus ticketing service market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The online bus ticketing service market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the online bus ticketing service market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the online bus ticketing service in these regions.

MARKET PLAYERS

The reports cover key developments in the online bus ticketing service market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from online bus ticketing service market are anticipated to show lucrative growth opportunities in the future. Below mentioned is the list of few companies engaged in the online bus ticketing service market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the online bus ticketing service market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Busbud, Inc.
- BusOnlineTicket.com
- Buupass.com
- FlixMobility GmbH
- GotoBus.com
- MAKEMYTRIP PVT. LTD.
- megabus.com
- Omio
- Redbus.in
- Wanderu Inc.