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 total
employed to estimate the 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
companys private servers. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id215684414 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
_at_ https//www.marketsandmarkets.com/requestsampleN
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