The Global Passenger Service System (PSS) Market Is Slated To Reach US$ 20 Billion By 2031

250 Pages Passenger Service System Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

ICT companies are extensively adopting technologies such as cloud computing and artificial intelligence to ensure seamless operations as teams continue working from home. Focus on fast automation, use of real-time operation within various end-use sectors such as automotive, food & beverage and others will provide stimulus to the growth.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Passenger Service System market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Passenger Service System

This newly published and insightful report sheds light on Market Insights of Passenger Service System, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Passenger Service System Market.

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 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.

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.

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Key Takeaways from Market Study

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

"Ever-swelling global aviation industry is putting existing operational management capacities under heavy strain, prompting entities to invest in smart and automated solutions, providing immense opportunities for market players," remarks a Fact.MR analyst.

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

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passenger service system market

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
Region
North America
U.S
Canada
Mexico
Europe
Germany
U.K
France
Rest of Europe
Asia Pacific
India
Japan
ASEAN
Rest of Asia Pacific
Middle East & Africa
The United Arab Emirates
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

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Key Question answered in the survey of Passenger Service System market report:

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Growth of Passenger Service System Market
Market Analysis of Passenger Service System
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Market Survey of Passenger Service System

More Valuable Insights on Passenger Service System Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Passenger Service System, Sales and Demand of Passenger Service System, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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