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Aviation MRO Software Market 2023 : Trends, Business Growth And Major Driving Factors | International Business Machines Corporation, Flatirons Solutions Inc., Rusada Aviation Software, Sopra Steria
Aviation MRO Software Global Market Report
The Business Research Company's Aviation MRO Software Global Market Report 2023 identifies the rise in air passenger traffic is expected to propel the growth of the aviation MRO software market going forward. Passenger air traffic refers to an increase in the number of passengers traveling by air over time that can be measured in various ways, including the number of passengers carried by airlines, the number of flights operated, and the revenue generated by the air travel industry. The rise in air passenger traffic requires expanding security measures for passengers. Aviation MRO software streamlines maintenance procedures, improves passenger safety, and optimizes compliance. Hence, the rise in air passenger traffic is expected to drive the demand for the aviation MRO software market.
The global aviation MRO software market size is expected to grow from $6.28 billion in 2022 to $6.63 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global aviation MRO software market size is expected to reach $8.06 billion in 2027 at a CAGR of 4.9%.
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Major players in the aviation MRO software market are International Business Machines Corporation, Flatirons Solutions Inc., Rusada Aviation Software, Sopra Steria , Aviation InterTec Services, General Electric Company, Bytzsoft Technologies Pvt. Ltd., Aerosoft Systems Inc., Lufthansa Technik AG, Tracware Limited, IFS AB (Industrial and Financial Systems), Oracle Corporation, Swiss Aviation Software, The Boeing Company, and Ramco Systems.
A key trend in the Aviation MRO Software market includes the Technological advancement is the key trend gaining popularity in the aviation MRO software market. Major companies operating in the aviation MRO software market are focusing on developing new technologies to sustain their position in the market.
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The Aviation MRO Software market is segmented -
1) By Function: Maintenance Management, Operation Management, Business Management, Other Functions
2) By Solutions: Enterprise Resource Planning (ERP) Solutions, Point Solutions
3) By Deployment Modes: On-premise, Cloud
4) By Applications: Commercial, Military
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Aviation MRO Software market.
The Business Research Company's "Global Aviation MRO Software Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Aviation MRO Software Market Include:
1. Executive Summary
2. Aviation MRO Software Market Characteristics
3. Aviation MRO Software Market Trends And Strategies
4. Aviation MRO Software Market - Macro Economic Scenario
5. Aviation MRO Software Market Size And Growth
……
27. Aviation MRO Software Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Aviation MRO Software Market
29. Aviation MRO Software Market Future Outlook and Potential Analysis
30. Appendix
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