MRO Software Market in Aviation Industry Outlook and Forecast to 2025

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The Global MRO Software Market in Aviation is
estimated to be 6.9 billion in 2020 and is
projected to reach 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. Download
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pdfdownloadNew.asp?id215684414 Cloud segment is
anticipated to grow at a higher CAGR during
forecast period Based on deployment type, the
cloud segment is anticipated to grow at a higher
CAGR during the forecast period. Cloud-based
solutions, also called software-as- a-service,
are provided as a service wherein the ERP vendor
manages the data, and the services are accessed
through a web browser. More recently, the
industry has adopted a hybrid model, in which
cloud software is hosted on a companys private
servers. MROs segment is anticipated to grow at
highest CAGR during forecast period The MRO
industry uses aviation MRO software mainly to
enhance the functional efficiency for various
aviation MRO activities, such as services,
maintenance, upgrade, and retrofitting of
different aircraft engines, spares, components,
and systems. The MROs segment is further
classified based on employee size, considering
which the adoption of aviation MRO software is
decided. Replacement of old MRO software systems
with advanced digitalized software solutions and
IT infrastructure modernization programs are
expected to drive the MROs segment. 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). Key Market Players The
key market players in the MRO software market in
aviation are HCL Technologies Limited (India),
SAP SE (Germany), International Business Machines
Corporation (US), Ramco Systems Limited (India),
IFS AB (Sweden), Oracle Corporation (US), Boeing
(US), Infor (US), Trax (US), Swiss
AviationSoftware (Switzerland), IBS Software
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(India), Rusada (Switzerland), Communications
Software Limited (UK), Flatirons Solutions, Inc.
(US), 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). Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
ew.asp?id215684414 About MarketsandMarkets Mar
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