MRO Software Market Growth to Surpass USD 8.0 Billion by 2025

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MRO Software Market Growth to Surpass USD 8.0
Billion by 2025
The report "MRO Software Market in Aviation by
End User (Operators, OEMs, MROs, Lessors),
Solution (Software, Services), Deployment Type
(On-premises, Cloud),
Function Operations,
(Maintenance, Business

• Management), Pricing Model, and Region - Global
  Forecast to 2025" 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.
• Download PDF Brochure _at_ https//www.marketsandmar
  kets.com/pdfdownloadNew.asp?id215684414
  Services segment projected to grow at a higher
  CAGR from 2020 to 2025
• Based on solution, the cloud segment is
  anticipated to grow at a higher CAGR during the
  forecast period. The services segment includes
  services that are provided by MRO software
  developers to maintain and operate the installed
  MRO software efficiently. Frequent upgrades of
  software as per the maintenance requirements by
  end users are expected to drive the services
  market.
• Cloud segment projected to grow at a higher CAGR
  from 2020 to 2025
• Based on deployment type, the cloud segment is
  anticipated to grow at a higher CAGR during the
  forecast period. Cloud-based systems digitally
  maintain records in the form of manuals,
  maintenance logs, flight plans, aircraft
  maintenance tracking reports, record books for
  adherence to airworthiness regulations, and
  service bulletins. These systems also provide
  fast and inexpensive management of different
  types of maintenance data, offer real-time
  access to spare parts inventories, and send
  alerts for maintenance tasks to MROs.
• Subscription model segment projected to grow at a
  higher CAGR from 2020 to 2025
• Based on pricing model, the subscription model
  segment is anticipated to grow at a higher CAGR
  during the forecast period. Users of MRO software
  widely adopt the

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subscription model due to its advantages of low
cost and flexibility of use. The upfront cost of
subscription-based software is typically lower
than that of the ownership model. In addition,
subscriptions generally are renewed monthly or
annually, which encourages the software provider
to demonstrate the ongoing value of the software
and build a relationship with the
customer. Maintenance management segment
projected to grow at highest CAGR from 2020 to
2025 Based on function, the maintenance
management segment is estimated to grow at the
highest CAGR during the forecast period.
Maintenance management software enable the
monitoring of aircraft components and provide
real-time data for performance monitoring. The
data from airline operators help MRO facilities
make arrangements for future planned
maintenance, including labor management and spare
parts management. MRO software systems integrate
maintenance, planning, execution systems, and
workforce management systems along with
dashboards and reporting tools that are used at
mid-level and management levels, thus helping in
improving line, heavy, and engine maintenance of
aircraft. MROs segment projected to grow at a
higher CAGR from 2020 to 2025 Based on end user,
the MROs segment is anticipated to grow at a
higher CAGR during the forecast period due to
the high spending on installations of aircraft
health monitoring software globally. In
addition, replacement of old MRO software systems
with advanced digitalized software solutions,
and IT infrastructure modernization programs are
expected to drive the MROs segment. Asia Pacific
MRO software market in aviation projected to grow
at highest CAGR from 2020 to 2025 Based on
region, the Asia Pacific region is expected to
witness substantial growth 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 increase in air
passengers from Asia Pacific is a result of
improvements in the economic status of the
middle-class population and the introduction of
low-cost carriers. According to Boeing
Commercial Outlook 2019, there will be more than
17,390 aircraft deliveries by 2038 in Asia
Pacific owing to the rise in passenger traffic.
This will lead to a surge in demand for
maintenance technicians in the region. According
to Boeing Pilot Technician Outlook, more than
266,000 new maintenance technicians will be
required in the Asia Pacific region by 2038.
With the rise in demand for maintenance
technicians, there will be a rise in demand for
MRO software during the forecast period to
enhance maintenance operations. The MRO software
market in aviation has been gaining traction over
the past few years due to the presence of
several established companies as well as
startups. Some of the
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major players in the MRO software market in
aviation are HCL Technologies Limited (India),
SAP SE (Germany), International Business Machines
Corporation (IBM) (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). News Also Covered https//www.prnewswir
e.com/news-releases/mro-software-
market-worth-8-0-billion-by-2025--exclusive-report
-by-marketsandmarkets- 301030258.html
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