Why is Reducing Expenditure an Important Growth Driver for Passenger Service System Companies Award-winning consulting firm Fact.MR has published a new report on passenger service systems for the forecast period 2021-2031. As per the study, the Passenger Service System market is likely to reach US$ 20 billion by 2031, expanding staggeringly at a CAGR of around 12% over the next ten years. Increasing need to optimize capital and operational expenditure is prompting aviation stakeholders to invest in high-grade service system management solutions. For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=5850 An expanding tourism industry is providing a nudge to passenger service management solution uptake across key countries, especially across Asia Pacific. Additionally, surging freight traffic has also necessitated establishment of robust operational management frameworks to streamline the entire cargo handling process, for which, uptake of advanced software is important. According to the International Air Transport Association’s (IATA), as of January 2021, global cargo tonne km flown (CTKs) reached pre-pandemic levels, and by Q1-end, they were 4.4% higher. Hence, aviation stakeholders are hopeful of a strong recovery trajectory across certain regions over the coming months, a trend that will majorly heighten market growth prospects. Additionally, investments in cybersecurity solutions are bound to increase amid growing concerns about passenger and freight data theft by hackers and other malicious entities. Key Trends of Passenger Service System Market
By component, passenger service software demand is expected to incline considerably in future Demand for cloud-based passenger service systems to witness impressive surge Increased deployment of academic programs on aviation to enhance adoption of key software across the U.S. India to emerge as a promising market, attributed to increased expenditure on airline infrastructure China to emerge as the most lucrative Asian market, amid surging business volumes and growing passenger traffic
For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=5850 Key Market Segments Covered
Component Passenger Service System Software Airline Reservation Systems Airline Inventory Systems Departure Control Systems Internet Booking Systems Loyalty Systems Customer Care Systems Airport Management Consulting
Ancillary Services Passenger Service Systems Professional Managed Deployment On-premise Passenger Service Systems Cloud-based Passenger Service Systems
For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/5850 Competitive Landscape Prominent manufacturers of passenger service systems are emphasizing on offering state-of-the-art management services and software to expand their outreach. They are actively collaborating with various agencies to deploy their solutions.
In April 2021, Hitit Computer Services expanded its footprint across Asia by forging two new partnership agreements with Myanmar Airways International and Air KBZ, by offering its highly sophisticated Crane Solution Suite, including reservation & passenger service, departure control system, weight & balance and a host of other operations In March 2021, IBS Software Services launched a new version of its iFlight Platform, built on SaaS technology designed for airlines and airline groups comprising of three specific modules for Ops, Crew and Hub management. These combined modules help improve operational efficiency and scalability
Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/newsrelease/2019/06/21/1872442/0/en/Demand-for-Regulatory-Information-Management-to-Surge-as-EndUsers-Target-Low-TTM-amid-Regulatory-Changes-Fact-MR.html About Us: Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner. Contact: US Sales Office: 11140 Rockville Pike Suite 400 Rockville, MD 20852 United States Tel: +1 (628) 251-1583 Corporate Headquarter: Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A, Jumeirah Lakes Towers, Dubai, United Arab Emirates
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