The Strategy of Contracts was the key Strategy Adopted by Market players to Enhance Business Prospects in the Ground Handling and Support Software Market
The ground handling and support software market report covers all types of ground handling software used in airport operations, including software for baggage management, resource management, and financial management, among others. The ground handling and support software market was valued at USD 2.49 Billion in 2016 and is projected to reach USD 3.25 Billion by 2022, at a CAGR of 4.56% during the forecast period. Rise in air passenger traffic and cargo shipments has increased the burden on the ground handling operations segment of airports. The demand for accurate and precise information on airport ground operations through ground handling software has increased, owing to the need to manage the increasing air passenger traffic.
Key software developers 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). These companies accounted for a major share of the ground handling and support software market; they have their manufacturing facilities in regions, such as North America, Europe, and Asia-Pacific. These companies adopted strategies such as contracts, new product developments, agreements, acquisitions, and partnerships, among others to increase their market shares.
For instance, in March 2016, Rockwell Collins, Inc. (U.S.) launched a new aircraft turnaround system known as ARINC AirTQM. This product is capable of tracking factors impacting the on-time performance of airlines, such as delay in departure of flight. Similarly, in October 2014, Rockwell Collins signed a five-year contract with Aberdeen International Airport (U.K.) for the implementation of its ARINC vMUSE Common Use Passenger Processing System. This system helped Aberdeen International Airport with multiple carrier check-in requisitions running simultaneously throughout the airport facility.
Damarel Systems International Ltd. (U.K.), another key player in the ground handling and support software market, showcased an advanced version of its L-DCS passenger handling software in June 2016. This advanced software version has greater adaptability and requires limited training time for new users. Latest updates on this advanced software version helps enhance users’ productivity, with minimal operational costs.
On February 2016, Sabre Corporation (U.S.) signed an agreement with Bangkok Airways (Thailand) to provide revenue management software solution. Bangkok Airways is the company’s first customer to install this software, which is specifically designed to support the account management system of the airline.
Related Reports:
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
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