Global MRO Software Market is Estimated to Reach $5 Billion by 2025, Says Accurize Market Research
Global MRO Software Market report published by Accurize Market Research forecast that the global market is expected to reach $5 billion by 2025; growing at a CAGR of 4.1% from 2017 to 2025. By geography, Asia Pacific and North America are expected to grow at a CAGR of XX% and XX%, respectively, during the forecast period.
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Increase in digitalization of MRO activities as well as high demand in aviation maintenance software services from MROs drive the market
Increase in digitalization of MRO activities as well as high demand in aviation maintenance software services from MROs fuel the demand for the global MRO software market. Furthermore, increasing adoption of internet of things (IoT) and big data analytics by MROsalso boost the growth of the market.
Market Segmentation
The global MRO software market has been bifurcated on the basis of solution, end user, deployment and geography. On the basis of solution, the MRO software market is segregated into enterprise resource planning (ERP) and point solution. Based on end user, MRO software market is segmented into original equipment manufacturers (OEM), maintenance repair overhaul (MRO) and airlines. The deployment segmented of MRO software market is segmented into cloud based and on premises.
By geography the market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S. and Canada are countries under North America wherein Europe covers U.K, Germany, France and others. Asia-Pacific covers China, India, Japan, and rest of Asia-Pacific. RoW covers South America, Middle East and Africa.
Top players in the market
The key market players include AerData (A Boeing subsidiary), HCL Technologies, IBM Corporation, IFS, Oracle Corporation, Ramco Systems, Rusada, SAP, Swiss AviationSoftware, and Trax, among others.
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