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 19.48 billion
by the year 2027 while growing at a CAGR of 12.32% approximately in the
forecast period.
Additional factors
bolstering the market growth include rising pressure among airline companies to
increase customer satisfaction and brand loyalty while minimizing operational
costs by assisting agents through enhanced automation. With the increasing
demand for transportation systems such as airline reservation solutions, the
market is projected to perceive exponential traction in the next couple of
years.
In this regard,
Market Research Future (MRFR) asserts that the global passenger service system
market is poised to register an impressive CAGR during the assessment period
(2017 – 2023). MRFR also states that the industry can overcome COVID 19 effects
in no time, provided industry players incorporate effective strategies.
Implementation of advanced technologies and services offerings could
re-establish these businesses.
Over the last decade,
the PSS market has grown dramatically. However, the onset of the COVID-19
pandemic severely hit the passenger service system industry, bringing it to a
standstill for more than three months. Most countries imposed social
distancing in place with severe travel restrictions, causing significant
revenue losses to travel and tourism industries worldwide.
Resultantly, the
passenger service system market witnessed huge revenue losses and a decline in
total market valuation in 2020. However, the passenger service system market is
expected to rebound sooner than later, regaining its previous
momentum.
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Key Players
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.
Passenger
Service System (PSS) Market – Segmentations
The
passenger service system market analysis is segmented into services, deployment,
solutions, and regions.
The
service segment is
sub-segmented into airline reservation systems, departure control systems,
airline inventory systems, internet booking systems, customer care systems,
loyalty systems, ancillary services, airport management consulting, and others.
The
deployment segment is
sub-segmented into on-cloud and on-premise.
The
solution segment is
sub-segmented into loyalty management, inventory management, reservation
management, and others.
Global
PSS Market – Geographical Analysis
North
America dominates the global passenger service system market. The largest
market share attributes to the huge demand for PSS systems covering various
functions, including flight scheduling, ticket reservation, loyalty program,
departure control, and e-commerce. Besides, the rising uptake of mobile booking
technology and travel apps drives the region's passenger service system market
share.
Industry/
Innovation/ Related News:
July
21, 2021 --- LOT, a
Polish airline company, announced signing a multi-year agreement with Amadeus
IT Group, S.A., a major Spanish IT provider for the global travel & tourism
industry. The partnership allows LOT to explore the advantages of the Amadeus
Airline Platform fully.
The
agreement covers a wide range of futuristic solutions related to passenger
service systems, airline operations, passenger disruption management, digital
experience, revenue management, and merchandising. To reach the world's largest
travel sellers network and expand its global footprint, LOT would start to
distribute new and tailored content in real-time through the Amadeus
Travel Platform.
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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TABLE
OF CONTENTS
1
Executive Summary
2
Scope Of The Report
2.1
Market Definition
2.2
Scope Of The Study
2.2.1
Research Objectives
2.2.2
Assumptions & Limitations
2.3
Markets Structure
3
Market Research Methodology
….
12.
Company Profiles
12.1
Sirena-Travel JSCS.
12.1.1
Company Overview
12.1.2
Product/Business Segment Overview
12.1.3
Financial Updates
12.1.4
Key Developments
12.2
Radixx International, Inc.
12.2.1
Company Overview
12.2.2
Product/Business Segment Overview
12.2.3
Financial Updates
12.2.4
Key Developments
12.3
Hitit Computer Services A.S
12.3.1
Company Overview
12.3.2
Product/Business Segment Overview
12.3.3
Financial Updates
12.3.4
Key Developments
12.4
Intelisys Aviation Systems Inc.
12.4.1
Company Overview
12.4.2
Product/Business Segment Overview
12.4.3
Financial Updates
12.4.4
Key Developments
And more
Continued...
Our
team is studying Covid-19 and its impact on various industry verticals and
wherever required we will be considering Covid-19 footprints for a better
analysis of markets and industries. Cordially get in touch for more details.
About
Us:
Market
Research Future (MRFR) is an esteemed company with a reputation of serving
clients across domains of information technology (IT), healthcare, and
chemicals. Our analysts undertake painstaking primary and secondary research to
provide a seamless report with a 360 degree perspective. Data is compared
against reputed organizations, trustworthy databases, and international surveys
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