MRO Software Market in Aviation Industry — Global Insights and Forecast to 2025 - PowerPoint PPT Presentation

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MRO Software Market in Aviation Industry — Global Insights and Forecast to 2025

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Title: MRO Software Market in Aviation Industry — Global Insights and Forecast to 2025


1
According to the latest market 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. 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 (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). Download PDF
Brochure _at_ https//www.marketsandmarkets.com/pdfd
ownloadNew.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. 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
2
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). Ask for Sample Report _at_ https//www.marke
tsandmarkets.com/requestsampleNew.asp?id215684414
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