Passenger Service System Market 2021-2027
New Study Reports " Passenger Service System Market 2021, Global Key Players Analysis, Share, Trends, Future Opportunities Forecasts 2027" has been Added on MarketResearchFuture.
Report Overview
This published report for the Passenger Service System Market analyzes and forecasts the marketing statistics of the product/service market on a global as well as the regional level. This detailed study Passenger Service System Market also offers the previous historical data along with the forecast from 2021 to 2027. The assessment of the Passenger Service System Market factors gives a brief overview of the impact on the demand over the forecast period. In addition to this, the report also studies the opportunities that are available in the report at the global level. An executive summary is also provided based on the industry snapshot for the period from 2021-2027.
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.
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 travellers has raised the need for agile and diverse passenger service systems by airlines around the world. The demand for more amenities by travellers when they decide to travel has improved the technologies that are powering the passenger service systems in the market. The intensifying adoption rate of cloud technologies is fuelling the expansion of the passenger service system markets. The demand for additional ancillary offerings is motivating increased adoption of PSS by airlines thereby fuelling market growth.
Key Players
The report has profiled some of the Important players prevalent in the global like – 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) and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Passenger Service System.
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Industry Segments
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 based on 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 based on 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.
Detailed 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.
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.
Key Stakeholders
Passenger Service System Market Manufacturers
Passenger Service System Market Distributors/Traders/Wholesalers
Passenger Service System Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Major Key Points from Table of Content:
1 Executive Summary
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Global Passenger Service System Market, By Component
6 Global Passenger Service System Market, by Technology
7 Global Passenger Service System Market, by Application
8 Global Passenger Service System Market, By Industry
9 Global Passenger Service System Market, By Region
10 Competitive Landscape
And more
Continued...
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