The size of the MRO software market in aviation is expected to grow from USD 6.9 billion in 2020 to USD 8.0 billion by 2025, at a CAGR of 2.9% from 2020 to 2025. The rise in demand for predictive, prescriptive, and condition-based maintenance, and the need to reduce the turnaround time of maintenance operations are some of the major factors driving this market.
Major MRO software Companies Include:
These players have adopted various strategies, such as new product launches & developments, contracts, agreements, partnerships, joint ventures, and expansions, to increase their foothold in the MRO software market in aviation. Of these, new product developments, contracts, and agreements were majorly adopted by market players between 2016 and 2020 to help them expand their software offerings with innovative solutions and, consequently, enhance their customer base.
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IBM (US) is a major player in the MRO software market in aviation. The company is majorly focusing on receiving contracts from various airlines across the globe. For instance, in October 2019, IBM received a contract from Aegan Airlines S.A. (Greece) to provide IBM Cloud for transforming Aegan’s internal business processes and enhance its customer experience. This helped IBM in expanding its customer base.
SAP SE (Germany) is majorly focusing on new product innovations to gain a strong foothold in the global market. In March 2019, SAP integrated new AI-based capabilities in its SAP S/4HANA Cloud, to automate more than 50% of manual tasks in S/4HANA’s ERP system. The new capabilities include automated accruals management, automated categorization of defects based on free-text entry, and financial journal entry with intelligent robotic process automation. This helped SAP in enhancing its solution offerings.
Boeing (US) is one of the major companies offering aviation MRO software globally. It is continuously focusing on entering into agreements with major airliners and military organizations to provide its MRO software solutions and analytics. For instance, in June 2019, Boeing entered into an agreement with Amber Jet Group (Latvia), Go2Sky (Slovakia), and Metrojet Limited (Hong Kong) to provide Boeing Maintenance Performance Management Toolbox. This toolbox will enable these airlines to access real-time maintenance data of their aircraft fleets. This helped Boeing in expanding its customer base.
Related Reports:
MRO Software Market in Aviation by End User (Operators, OEMs, MROs, Lessors), Solution (Software, Services), Deployment Type (On-premises, Cloud), Function (Maintenance, Operations, Business Management), Pricing Model, and Region - Global Forecast to 2025
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