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Global Aviation MRO Software Market Outlook 2019-2024: Analysis on Both Cloud-based & On-premises DeploymentDUBLIN, Dec. 2, 2019 /PRNewswire/ -- The "Aviation Maintenance, Repair, and Overhaul (MRO) Software Market - Growth, Trends, and Forecast (2019 - 2024)" report has been added to ResearchAndMarkets.com's offering. The Aviation Maintenance, Repair, and Overhaul (MRO) Software Market is projected to grow with a CAGR of more than 3% during the forecast period.
Key Market Trends Asia-Pacific Region to Dominate the Market During the Forecast Period In terms of geography, the North America segment recorded the highest share in the market, mainly due to a large aircraft fleet in the US. The average aircraft fleet of the region is also higher compared to most of the global markets, and hence the demand for aircraft MRO is also higher. Various maintenance activities are being done by various airlines, MROs, and the OEMs, especially for the aircraft in the US. However, the Asia-Pacific region is estimated to grow with the highest CAGR in the market. China and India are one of the fastest-growing markets for Aviation in the Asia-Pacific region. Growing aircraft fleet and the presence of major aircraft maintenance and repair facilities in countries like China and Singapore, which are adopting the MRO software, are the main reasons for the high growth of the Aviation Maintenance, Repair, and Overhaul Software in the Asia-Pacific region. Competitive Landscape Ramco Systems, IBM Corporation, IBS Software, Rusada, AerData B.V. are some of the major players in the market currently. The market is fragmented, with many players providing different software solutions for different processes of the MRO. Incorporation of technologies like AI for the purpose of predictive maintenance is something the customers are looking for. Research in technologies like these will help the players to showcase advanced products and gain new contracts. Also, the efficiency and speed of the maintenance is something the MRO providers are looking for, and work is being done to speed up the process of maintenance on an overall, and players are expected to release new software that speeds up the MRO process. Also, the market is in a phase of transition from on-premises software to cloud-based software, which will open up new opportunities for the new and existing players. Key Topics Covered 1 INTRODUCTION 1.1 Study Assumptions 1.2 Scope of Study 2 RESEARCH METHODOLOGY 3 EXECUTIVE SUMMARY 4 MARKET DYNAMICS 4.1 Market Overview 4.2 Market Drivers 4.3 Market Restraints 4.4 Industry Attractiveness - Porter's Five Forces Analysis 4.4.1 Threat of New Entrants 4.4.2 Bargaining Power of Buyers/Consumers 4.4.3 Bargaining Power of Suppliers 4.4.4 Threat of Substitute Products 4.4.5 Intensity of Competitive Rivalry 5 MARKET SEGMENTATION 5.1 Deployment 5.1.1 Cloud-based 5.1.2 On-premises 5.2 End-user 5.2.1 Airlines 5.2.2 MROs 5.2.3 OEMs 5.3 Geography 5.3.1 North America 5.3.2 Europe 5.3.3 Asia-Pacific 5.3.4 Middle East and Africa 5.3.5 Latin America 6 COMPETITIVE LANDSCAPE 6.1 Vendor Market Share 6.2 Company Profiles 6.2.1 AerData B.V. 6.2.2 IBM Corporation 6.2.3 Ramco Systems 6.2.4 Rusada 6.2.5 IBS Software 6.2.6 HCL Technologies Limited 6.2.7 IFS 6.2.8 Oracle 6.2.9 SAP 6.2.10 Swiss AviationSoftware Ltd. 6.2.11 CommSoft 6.2.12 Flatirons Solutions Inc. 7 MARKET OPPORTUNITIES AND FUTURE TRENDS For more information about this report visit https://www.researchandmarkets.com/r/1rb8j6 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. Media Contact: Research and Markets View original content:http://www.prnewswire.com/news-releases/global-aviation-mro-software-market-outlook-2019-2024-analysis-on-both-cloud-based--on-premises-deployment-300966799.html SOURCE Research and Markets |