Passenger Service System Market Is Estimated to Reach the Revenue Mark of US$ 20 BN by the End of 2030 at a Robust CAGR of ~12% | Hitit Computer Services A.S., Radixx International, Inc., Bravo Passenger Solutions Pte Ltd., Hexaware Technologies Ltd.

Key insights on the global passenger service system market. In terms of revenue, the global passenger service system market is estimated to expand at a CAGR of ~12% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global passenger service system market.

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According to IATA’s Airline Industry Forecast 2016 report, the number of scheduled passengers is expected to grow from 4.4 billion in 2019 to 8.2 billion in 2037. With the increasing number of passengers, the need for robust baggage handling services is expected to rise, thereby focusing on airline inventory control systems. Freight through airlines is also expected to reach 55.7 million tons in 2019 from 52.2 million tons in 2018. Thus, passenger service systems are expected to play a crucial role in managing the overall inventory of the airline sector.

Additionally, according to ICAO’s annual global statistics, the total number of passengers carried on scheduled services rose to 4.5 billion in 2019, which is 3.6% higher than in 2018. This is expected to generate the demand for passenger service systems during the forecast period.

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Passenger Service System (PSS) Market: Overview

Passenger Service System (PSS) is a suite of solutions allowing efficient management of an airline front-end operation through managing passenger related activities. PSS solution is a communication system which provide passengers services such as customer care, loyalty, reservation, online booking, and check-in & check-out status in real-time. The demand for passenger service system is expected to increase in the coming years owing to the growing demand of commercial aviation and increasing number of passengers. Introduction of new medium and small airline operators across Asia Pacific, MEA and South America region is expected to increase the adoption of passenger service system in these markets.

This research report provides an in-depth analysis of the global passenger service system market based on service and geography segmentation. The global passenger service system market is categorized based on services into airline reservation system, airline inventory system, departure control system, internet booking system, loyalty system, customer care system, airport management consulting and ancillary services. The report analyzes each of these segments for various geographies considered under the scope of the study.

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Passenger Service System (PSS) Market: Geographical Analysis

Based on geographical regions, the report segments the global passenger service system market into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America, which are analyzed in terms of revenue generation. North America is further segmented into The U.S. and Canada, Rest of North America, while Europe is divided into The U.K., Germany, France and Rest of Europe. Asia Pacific is subdivided into Australia, Japan, China and Rest of Asia Pacific. Also, MEA is further segmented into The GCC and Rest of MEA, while South America is subdivided into Brazil and Rest of South America.

The report also provides an analysis of the factors that drive and restrain the growth of the passenger service system market. It discusses the prevailing market trends, prospective growth opportunities, and major strategies increasing the popularity of the global passenger service system market. The report also provides ecosystem analysis and Porter’s Five Forces Analysis for the global passenger service system (PSS) market.

Passenger Service System (PSS) Market: Competitive Analysis

Major business strategies adopted by key players, their SWOT analysis, recent key developments, historical roadmap and competition matrix have also been identified in the research report. The key market players profiled in this study include Hitit Computer Services A.S., Radixx International, Inc., Bravo Passenger Solutions Pte Ltd., Hexaware Technologies Ltd., Intelisys Aviation Systems Inc., SITA NV, Unisys Corp., Sabre Corp., IBS Software Services Pvt. Ltd., Enoya?one LTD. (AeroCRS), Amadeus IT Group SA, Travel Technology Interactive, Information Systems Associates FZE, Mercator Ltd., Travelport Worldwide Ltd., Travelsky Technology Ltd., Sirena-Travel JSCS and KIU System Solutions.

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Global Passenger Service System (PSS) Market

By Service

Airline Reservation System
Airline Inventory System
Departure Control System
Internet Booking System
Loyalty System
Customer Care System
Airport Management Consulting
Ancillary Services
By Geography

North America
Europe
Asia Pacific
Middle East and Africa
South America

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