Passenger Service System Market 2020 Global Trends, Share, Industry Size, Growth, Opportunities and Industry Forecast to 2023
Market Highlights
The
rise in the number of aircrafts operating in the travel sector has augmented
the demand for passenger service systems consequently. Market focused reports
associated to the Information and Communications Technology industry among others
recently have been made accessible by Market Research Future which issues
reports on this industry. The passenger service system market globally is
estimated to achieve revenues worth USD 10 billion by the year 2023 while
growing at a CAGR of 11% approximately in the forecast period.
A
significant rise in the number of air travelers has raised the need for agile
and diverse passenger service systems by airlines around the world. The demand
for more amenities by travelers when they decides to travel has improved the
technologies that are powering the passenger service systems in the market. The
intensifying adoption rate of cloud technologies is fueling the expansion of
the passenger service system markets. The demand for additional ancillary
offerings is motivating increased adoption of PSS by airlines thereby fueling
market growth.
Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/5169
Segmentation:
The
market for passenger service system is segmented into deployment, service,
solution, and region. The deployment segment is segmented into on-premise
and cloud. The segmentation on the basis of service comprises of airline
inventory system, departure control system, airport management consulting,
airline reservation system, loyalty system, internet booking system, ancillary
services, customer care system and others. The segments on the basis of
solution include loyalty management, inventory management, reservation management,
and others. The market spans regions such as Asia Pacific, North America,
Europe and rest of the world.
Regional Analysis:
The
passenger service system market on a global scale comprises of the regions such
as Europe (Germany, the U.K,) North America (Mexico, the U.S., and Canada),
Asia Pacific (Japan, China, and India), and Rest of the World. The North
American region is among the leading regions in the world in terms of market
stake. The passenger service system market in this region has an enormous
demand potential owing to the mounting adoption of consumer electronics
devices, which is additionally pushing the market growth to a great
extent. The market for passenger service system in the European region is
anticipated to observe a speedy growth in the upcoming period. While, the Asia
Pacific nations such as Japan, China, and India are developing markets for
passenger service systems, which is projected to develop at a maximum CAGR
percent in the review period.
Global
Competitive Analysis
Securing
and translating the likely probabilities is amending the growth pace of the
market noticeably. The vital trends and players have initiated a positive tone
for development. The options for growth and innovation have improved at a
speedy pace altering the landscape of the market. By ensuring supply and demand
are in balance the competitors can unlock new opportunities for growth. The key
players and trends have created a positive tone for development. The
competitors in the market have been urged into devising tactical road-maps that
capitalize on the positive market cues. The momentum of the market’s progress
has altered the competitive background of the market.
The
eminent competitors in the market are Amadeus IT Group SA (Spain), Radixx
International, Inc. ( U.S.), Sabre Corp.(U.S.), Intelisys Aviation Systems
Inc.(Canada), Hitit Computer Services A.S. (Istanbul), IBS Software Services
Pvt. Ltd.(India), Unisys Corp.(U.S.), Sirena-Travel JSCS (Russia), Bravo
Passenger Solutions Pte Ltd.( Singapore), Information Systems Associates
FZE (UAE), Hexaware Technologies Ltd. (India), SITA NV (Geneva),
Travelport Worldwide Ltd.(U.K) and KIU System Solutions (Argentina) among
others.
Industry
Updates:
June
2018 Sabre Corporation and Vietnam Airlines have of late announced an extended
agreement which reiterates their lasting partnership. The carrier will leverage
the coverage of SabreSonic which is Sabre’s passenger service system (PSS) that
Vietnam Airlines is currently operating on, to expand its distribution,
retailing, and fulfilment capabilities. This distinguished experience will be
driven by Sabre's powerful passenger service system, with improved
functionalities that will deliver amplified revenue opportunities by modifying
offers and experiences to meet the requirements of every traveller. The usage
of Sabre's pioneering technology solutions, customers, will witness a seamless
experience, from online booking, purchasing ancillaries on websites, check-in,
flight searches, and after-sales service.
Browse Complete Report @ https://www.marketresearchfuture.com/reports/passenger-service-system-market-5169
List
of Figures
FIGURE
1 Global Passenger Service System Market Segmentation
FIGURE
2 Forecast Methodology
FIGURE
3 Five Forces Analysis Of Global Passenger Service System Market
FIGURE
4 Value Chain Of Global Passenger Service System Market
FIGURE
5 Share Of Global Passenger Service System Market In 2017, By Country (In %)
FIGURE
6 Global Passenger Service System Market, 2017-2023,
FIGURE
7 Sub Segments Of Service
FIGURE
8 Global Passenger Service System Market Size By Deployment, 2017
FIGURE
9 Share Of Global Passenger Service System Market By Service, 2017 TO 2023
FIGURE
10 Global Passenger Service System Market Size By Deployment, 2017
About Market Research Future:
At Market Research
Future (MRFR), we enable
our customers to unravel the complexity of various industries through our
Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research
Reports (3R), Continuous-Feed Research (CFR), and Market Research &
Consulting Services.
MRFR
team have supreme objective to provide the optimum quality market research and
intelligence services to our clients. Our market research studies by products,
services, technologies, applications, end users, and market players for global,
regional, and country level market segments, enable our clients to see more,
know more, and do more, which help to answer all their most important
questions.
Contact:
Market Research Future
+1 646 845 9312
Comments
Post a Comment