MRO Software Market Statistics, Opportunities and Forecast to 2025 - PowerPoint PPT Presentation

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MRO Software Market Statistics, Opportunities and Forecast to 2025

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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. – PowerPoint PPT presentation

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Title: MRO Software Market Statistics, Opportunities and Forecast to 2025


1
According to the latest research report 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. 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. Download
PDF Brochure _at_ https//www.marketsandmarkets.com/p
dfdownloadNew.asp?id215684414 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. 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). 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
2
(US), Ramco Systems Limited (India), IFS AB
(Sweden), Oracle Corporation (US), Boeing (US),
Infor (US), Trax (US), Swiss AviationSoftware
(Switzerland), IBS Software (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/request
sampleNew.asp?id215684414 About
MarketsandMarkets MarketsandMarkets provides
quantified B2B research on 30,000 high growth
niche opportunities/threats which will impact 70
to 80 of worldwide companies revenues.
Currently servicing 7500 customers worldwide
including 80 of global Fortune 1000 companies
as clients. Almost 75,000 top officers across
eight industries worldwide approach
MarketsandMarkets for their painpoints around
revenues decisions. MarketsandMarketss flagship
competitive intelligence and market research
platform, "Knowledgestore" connects over 200,000
markets and entire value chains for deeper
understanding of the unmet insights along with
market sizing and forecasts of niche
markets. Contact Mr. Aashish Mehra
MarketsandMarkets INC. 630 Dundee Road Suite
430 Northbrook, IL 60062 USA 1-888-600-6441
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