North America Region Witnessing the Highest Growth in MRO Software Market by 2025

1. North America Region Witnessing the Highest Growth in MRO Software Market by 2025 The study considered various activities to estimate the market size for MRO Software Market. Exhaustive secondary research was undertaken to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both, top-down and bottom-up approaches were employed to estimate the total market size. Thereafter, market breakdown and data triangulation procedures were used to estimate the market size of segments and sub segments. The MRO Software Market in Aviation is estimated to be USD 6.9 billion in 2020 and is projected to reach USD 8.0 billion by 2025, at a CAGR of 2.9% from 2020 to 2025. The rise in demand for reducing the turnaround time and increase in the adoption of software-as-a-service are among the major factors that are expected to drive the market in the coming years. Cloud segment is anticipated to grow at a higher CAGR during forecast period Based on deployment type, the cloud segment is anticipated to grow at a higher CAGR during the forecast period. Cloud-based solutions, also called software-as-a-service, are provided as a service wherein the ERP vendor manages the data, and the services are accessed through a web browser. More recently, the industry has adopted a hybrid model, in which cloud software is hosted on a company’s private servers. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=215684414 MROs segment is anticipated to grow at highest CAGR during forecast period The MRO industry uses aviation MRO software mainly to enhance the functional efficiency for various aviation MRO activities, such as services, maintenance, upgrade, and retrofitting of different aircraft engines, spares, components, and systems. The MROs segment is further classified based on employee size, considering which the adoption of aviation MRO software is decided. Replacement of old MRO software systems with advanced digitalized software solutions and IT infrastructure modernization programs are expected to drive the MROs segment.

2. Asia Pacific expected to lead MRO software market in aviation in 2020 The MRO software market in aviation is expected to witness substantial growth in Asia Pacific during the forecast period. An increase in passenger traffic is the primary reason for the increased demand for maintenance technicians, and thereby, MRO software, especially in countries such as India, China, Japan, and Singapore. The market is also expected to witness high growth in this region owing to the presence of various major aviation MRO software providers, such as HCL Technologies Limited (India) and Ramco Systems Limited (India). Key Market Players The key market players in the MRO software market in aviation are HCL Technologies Limited (India), SAP SE (Germany), International Business Machines Corporation (US), Ramco Systems Limited (India), IFS AB (Sweden), Oracle Corporation (US), Boeing (US), Infor (US), Trax (US), Swiss AviationSoftware (Switzerland), IBS Software (India), Rusada (Switzerland), Communications Software Limited (UK), Flatirons Solutions, Inc. (US), Aviation Intertec Services (Canada), BytzSoft Technologies Pvt. Ltd. (India), Tracware Limited (UK), FLY Online Tools (US), Aerosoft Systems Inc. (US), Lufthansa Technik AG (Germany), GE Aviation (US), and Sopra Steria (France). Ask for Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=215684414 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr.Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441