Artificial Intelligence in Tourism Market worth $13.38 billion by 2030- Exclusive Report by MarketsandMarkets™

DELRAY BEACH, Fla., Dec. 17, 2024 /PRNewswire/ -- The AI in Tourism Market is expected to reach USD 13.38 billion by 2030 from USD 2.95 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 28.7 % from 2024–2030, according to a new report by MarketsandMarkets™. AI-based security systems are the key enablers that are helping improve the safety levels inside the tourism industry. Advanced technological factors such as facial recognition, biometric authentication, and AI-based surveillance systems are implemented in airports, hotels, and travel destinations to make the security process much more streamlined while detecting threats in real-time. Facial recognition at check-in points or border crossing accelerates the process of identity verification, making more efficient than usual operations while saving time. AI surveillance systems help scan larger areas and detect suspicious activities and alert the authorities to a more proactive attitude toward safety. These AI security solutions ensure safe traveling by also enhancing efficiency in operations, thus making the traveling process much easier and safer for any traveler.

Browse in-depth TOC on "Artificial Intelligence in Tourism Market"
362 – Tables
56 - Figures
305 – Pages

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=114969018

Scope of the Report

Based on type, the Other AI segment to hold the largest market size during the forecast period.

Other AI segments include various advanced technologies such as machine learning, natural language processing (NLP), computer vision, and predictive analytics. They play pivotal roles in the transformation of the Tourism industry. Businesses can now analyze large amounts of information and find trends to improve operational efficiency and provide individualized services, such as dynamic pricing or customized promotions, by using machine learning. Chatbots and virtual assistants powered by natural language processing (NLP) make it easier for travelers and service providers to communicate by comprehending and quickly responding to customer inquiries. Computer vision enhances airport security, customer satisfaction, and personal security through automated surveillance and facial recognition at check-ins. By predicting customer behaviors like booking patterns or airline delays, predictive analytics enables companies to make data-driven decisions that enhance productivity and customer satisfaction. These AI technologies work together to revolutionize the tourism industries and serve as the foundation for innovation.

Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=114969018

The services segment to have highest growth during the forecast period.

Tourism businesses utilize wide range of services to enhance the AI optimization of their infrastructure and handle several professional or managed services. To assist organizations in utilizing AI while ensuring a smooth interface with their present systems, professional services offer training and consulting. This simplifies routine tasks such as providing personalized advertising and improving customer service. Support and maintenance are essential for AI applications to run smoothly and meet the growing needs of enterprises. While AI experts handle efficiency by offering complete AI solutions, including monitoring and ongoing management, managed services let businesses concentrate on their core strengths.

North America is expected to hold the second-largest market size during the forecast period.

The US is expediting the adoption of AI in various industries, including tourism, through public funding & initiatives. In May 2023, the National Science Foundation granted USD 140 million to launch seven National Al Research Institutes to support the development of Al as well as to increase diversity in the workforce. In July 2024, Wyndham Hotels & Resorts launched Wyndham Connect. It leverages Al and large language models to elevate guest experience with mobile tipping and AI messaging, while also driving revenue across its various franchises. In April 2024, Canada announced USD 2.07 billion package in its federal budget for the Canada's Al sector. Additionally, in December 2023, NVIDIA Metropolis and Inception member Sensors deployed its visual AI platform at Toronto Pearson International Airport to significantly reduce wait times in customs lines. In addition to providing airport operators with data-driven insights, live wait-time statistics from sensors AI are published on Toronto Pearson's online dashboard, as well as on electronic displays in the terminals. This lets passengers easily access accurate information about how long customs or security processes will take. These factors contribute to the overall adoption of AI in tourism solutions in the region.

Inquire Before Buying @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=114969018

Top Key Companies in Artificial Intelligence in Tourism Market:

The major vendors covered in the AI in Tourism Market are Snowflake (US), IBM (US), NVIDIA (US), Microsoft (US), AWS (US), Salesforce (US), Huawei (China), Appier (Taiwan), Sabre Corporation (US), SAS Institute (US), [24]7.ai (US), Virtusa Corporation (US), Travelport (UK), Amadeus (Spain), Devon Software (Poland) , Artisoft (US), Jio Haptik Technologies Limited (India), SHR Group (US), Duve (US), Nescient (US), Persado (US), Canary Technologies (US), Mize (US), FLYR (US), Geovana (US), Layla AI (Germany). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the AI in Tourism Market.

Browse Adjacent Markets: Artificial Intelligence (AI) Market Research Reports & Consulting

Related Reports:

Emotion AI Market - Global Forecast to 2030

Causal AI Market- Global Forecast to 2030

AI in Energy Market - Global Forecast to 2030

AI in Sports Market- Global Forecast to 2030

AI Studio Market - Global Forecast to 2029

Get access to the latest updates on AI in Tourism Companies and AI in Tourism Industry

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com/

Logo: https://mma.prnewswire.com/media/1951202/4609423/MarketsandMarkets.jpg