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Airline Route Profitability Software Market Key Trends, Latest Insights, Future Trends And Forecast To 2033
Airline Route Profitability Software Market
As per the report, the airline route profitability software market size has grown rapidly in recent years. It will grow from $12.40 billion in 2023 to $13.84 billion in 2024 at a compound annual growth rate (CAGR) of 11.6%. The airline route profitability software market size is expected to see rapid growth in the next few years. It will grow to $20.93 billion in 2028 at a compound annual growth rate (CAGR) of 10.9%.
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Surging Demand For Air Freight Cargo Drives Growth Of Airline Route Profitability Software Market
The increasing demand for air freight cargo is expected to propel the growth of the airline route profitability software market going forward. Air freight cargo refers to the transportation of goods via an air carrier, which can be either a charter or a commercial airline. Airline route profitability software plays a crucial role in helping air cargo operations optimize routes, pricing strategies, and resource allocation to maximize profitability and efficiency. For instance, in September 2021, according to the International Air Transport Association, a Canada-based trade association, the air cargo market remained broadly stable, with industry-wide cargo tons (CTKs) rising by 9.1% compared to the last year. Therefore, increasing demand for air freight cargo is driving the growth of the airline route profitability software market.
Revolutionizing Airline Route Profitability Innovations In Route Intelligence Portals
Major companies operating in the airline route profitability software market are developing innovative technologies, such as route intelligence portals, to enhance customer satisfaction. Route intelligence portals refer to data-backed platforms that provide airlines with helpful market insights on networks within a specific region and routes from that region to the rest of the world. For instance, in October 2022, the African Airlines Association (AFRAA), a Kenya-based marketing intelligence provider, launched the Route Intelligence Portal, a data-backed portal designed to provide airlines and aviation industry stakeholders with comprehensive and data-driven insights into aviation routes, networks, and market dynamics. This portal is a gateway for airlines to access valuable market insights on networks within Africa and routes from Africa to the rest of the world. The AFRAA Route Intelligence Portal is aimed at supporting African carriers by providing specific market intelligence reports to meet the needs of the growing African aviation market.
The airline route profitability software market covered in this report is segmented -
1) By Software: Fares Management And Pricing, Planning And Scheduling, Revenue Management, Other Software
2) By Class: First Class, Business Class, Premium Economy, Economy
3) By End User: Domestic Airlines, International Airlines, Business Charters
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Major companies operating in the airline route profitability software market are The Boeing Co., International Business Machines Corp., Infosys Limited, Wipro Limited, Amadeus IT Group, Sita Aero, Coforge Ltd., Lufthansa Systems, Pros Inc., Sheorey Digital Systems Pvt. Ltd., Maureva Ltd., Orane Consulting Pvt. Ltd., Optym, Seabury Solutions, Qlikview, Airpas Aviation GmbH, Megabyte Ltd., Laminaar Aviation Pte. Ltd, Aerotrack Systems, G-aero Ltd., Maxamation Pty. Ltd., NIIT Technologies Limited, Sixel Consulting Group, Skymetrix GmbH, GrandTrust Overseas Pvt. Ltd., QlikTech international AB, Travelport Worldwide Ltd.
Contents of the report:
1. Executive Summary
2. Airline Route Profitability Software Market Report Structure
3. Airline Route Profitability Software Market Trends And Strategies
4. Airline Route Profitability Software Market - Macro Economic Scenario
5. Airline Route Profitability Software Market Size And Growth
…..
27. Airline Route Profitability Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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