Aviation MRO Software Market Report by Industry, Trend and Forecast (2020-2025)

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Aviation MRO Software Market Report by Industry,
Trend and Forecast (2020-2025) The MRO Software
Market in Aviation is estimated to be USD 6.9
billion in 2020 and is projected to reach USD
8.0 billion by 2025, at a CAGR of 2.9 from 2020
to 2025. The rise in demand for reducing the
turnaround time and increase in the adoption of
software-as-a-service are among the major factors
that are expected to drive the market in the
coming years. Key Market Players The key market
players in the MRO software market in aviation
are HCL Technologies Limited (India), SAP SE
International Machines
(Germany), Business Corporation
Ramco (India), Oracle Boeing
(US),
Systems Limited IFS AB (Sweden),
Corporation (US),
(US), Infor (US), Trax (US), Swiss AviationSoftwar
e (Switzerland), IBS Software
(India), (Switzerland), Communications
Rusada
Software Flatirons (US),
Limited Solutions,
(UK), Inc.
Aviation Intertec Services (Canada), BytzSoft
Technologies Pvt. Ltd. (India), Tracware Limited
(UK), FLY Online Tools (US), Aerosoft Systems
Inc. (US), Lufthansa Technik AG (Germany), GE
Aviation (US), and Sopra Steria
(France). Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id215684414 Asia Pacific expected to lead
MRO software market in aviation in 2020 The MRO
software market in aviation is expected to
witness substantial growth in Asia Pacific
during the forecast period. An increase in
passenger traffic is the primary reason for the
increased demand for maintenance technicians, and
thereby, MRO software, especially in countries
such as India, China, Japan, and Singapore. The
market is also expected to witness high growth in
this region owing to the presence of various
major aviation MRO software providers, such as
HCL Technologies Limited (India) and Ramco
Systems Limited (India).
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Services segment projected to grow at a higher
CAGR from 2020 to 2025 Based on solution, the
cloud segment is anticipated to grow at a higher
CAGR during the forecast period. The services
segment includes services that are provided by
MRO software developers to maintain and operate
the installed MRO software efficiently. Frequent
upgrades of software as per the maintenance
requirements by end users are expected to drive
the services market. Cloud segment projected to
grow at a higher CAGR from 2020 to 2025 Based on
deployment type, the cloud segment is anticipated
to grow at a higher CAGR during the forecast
period. Cloud-based systems digitally maintain
records in the form of manuals, maintenance
logs, flight plans, aircraft maintenance tracking
reports, record books for adherence to
airworthiness regulations, and service bulletins.
These systems also provide fast and inexpensive
management of different types of maintenance
data, offer real-time access to spare parts
inventories, and send alerts for maintenance
tasks to MROs. Subscription model segment
projected to grow at a higher CAGR from 2020 to
2025 Based on pricing model, the subscription
model segment is anticipated to grow at a higher
CAGR during the forecast period. Users of MRO
software widely adopt the subscription model due
to its advantages of low cost and flexibility of
use. The upfront cost of subscription-based
software is typically lower than that of the
ownership model. In addition, subscriptions
generally are renewed monthly or annually, which
encourages the software provider to demonstrate
the ongoing value of the software and build a
relationship with the customer. Maintenance
management segment projected to grow at highest
CAGR from 2020 to 2025 Based on function, the
maintenance management segment is estimated to
grow at the highest CAGR during the forecast
period. Maintenance management software enable
the monitoring of aircraft components and provide
real-time data for performance monitoring. The
data from airline operators help MRO facilities
make arrangements for future planned
maintenance, including labor management and spare
parts management. MRO software systems integrate
maintenance, planning, execution systems, and
workforce management systems along with
dashboards and reporting tools that are used at
mid-level and management levels, thus helping in
improving line, heavy, and engine maintenance of
aircraft. Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
ew.asp?id215684414
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