HOME Press Releases Ground Handling Software Market worth 3.25 Billion USD by 2022



Ground Handling Software Market worth 3.25 Billion USD by 2022


The report "Ground Handling Software Market by Application (Land, Terminal, Air), Software (Passenger Boarding & Departure Control, Baggage Management, Flight Information Display), Airport Class (A, B, C), Investment Type, and Region - Global Forecast to 2022", The ground handling and support software market is projected to grow from USD 2.49 Billion in 2016 to USD 3.25 Billion by 2022, at a CAGR of 4.56% during the forecast period. The base year considered for the study is 2015 and the forecast period is from 2016 to 2022.

Browse 116 market data tables and 53 figures spread through 176 pages and in-depth TOC on “Ground Handling Software Market - Global Forecast to 2022”
https://www.marketsandmarkets.com/Market-Reports/ground-handling-software-market-50280891.html
Early buyers will receive 10% customization on reports.

Factors such as increase in investments for the upgrade of airport infrastructure, rise in technological advancements, and increase in air passenger traffic and cargo shipments are expected to drive the growth of the ground handling and support software market.

Class C segment projected to account for the highest growth during the forecast period

Based on airport class, the Class C segment of the ground handling and support software market is projected to grow at the highest CAGR from 2016 to 2022. Countries in the Asia-Pacific region are involved in the construction of Class C airports to provide passengers with easy connectivity options.

Terminal side segment projected to grow at the highest CAGR during the forecast period

Based on application, the terminal side segment of the ground handling and support software market is projected to grow at the highest CAGR from 2016 to 2022. This growth is mainly attributed to the fact that major ground handling operational processes, such as flight information display, baggage management, and resource management, among others, takes place at the terminal side of the airport.

Ramp management segment projected to account for the highest growth during the forecast period

Based on software, the ramp management segment of the ground handling and support software market is projected to grow at the highest CAGR during the forecast period. Ramp management software helps airport staff in faster arrangement of the ramp, to connect the aircraft at air side. This software works on real-time information and connects the aircraft with the terminal gate with a high level of accuracy, which decreases the boarding time of passengers.

Asia-Pacific ground handling and support software market projected to grow at the highest CAGR during the forecast period

The ground handling and support software market in the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period. This growth is mainly attributed to the increase in investments for the upgrade of airport infrastructure in the Asia-Pacific region. Furthermore, countries such as India and China are increasingly investing on the construction of new Class C airports. These investments are expected to boost the demand for ground handling and support software in the Asia-Pacific region.

Major players in the ground handling and support software market include Rockwell Collins, Inc. (U.S.), Sabre Corporation (U.S.), Amadeus IT Global SA (Spain), Damarel Systems International Ltd. (U.K.), and SITA (Switzerland).

About MarketsandMarkets

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports