U.S. markets closed
  • S&P 500

    3,841.94
    +73.47 (+1.95%)
     
  • Dow 30

    31,496.30
    +572.20 (+1.85%)
     
  • Nasdaq

    12,920.15
    +196.65 (+1.55%)
     
  • Russell 2000

    2,192.21
    +45.29 (+2.11%)
     
  • Crude Oil

    66.28
    +0.19 (+0.29%)
     
  • Gold

    1,698.20
    -0.30 (-0.02%)
     
  • Silver

    25.30
    +0.01 (+0.03%)
     
  • EUR/USD

    1.1923
    -0.0056 (-0.47%)
     
  • 10-Yr Bond

    1.5540
    +0.0040 (+0.26%)
     
  • GBP/USD

    1.3841
    -0.0053 (-0.38%)
     
  • USD/JPY

    108.3810
    +0.4050 (+0.38%)
     
  • BTC-USD

    50,528.50
    +1,937.24 (+3.99%)
     
  • CMC Crypto 200

    982.93
    +39.75 (+4.21%)
     
  • FTSE 100

    6,630.52
    -20.36 (-0.31%)
     
  • Nikkei 225

    28,864.32
    -65.78 (-0.23%)
     

Aviation Industry Leverage Cloud-based Passenger Service System Market to Attain New Heights, Global Valuation to touch US$ 20 Bn by 2030: TMR

·6 min read

- Adoption of advanced bot protection mechanisms in passenger services system (PSS) to allay fears of end-consumers in the aviation industry

- Aviation software companies find attractive markets by leaning on competitive pricing of their products and focusing on evolving consumer expectations

ALBANY, N.Y., Feb. 23, 2021 /PRNewswire/ -- Passenger service systems have become an integral part of the aviation IT fabric for catering to the wide range of operational demands of the aviation industry. Airline companies have harnessed the various software suites, both on premise and cloud, typically to meet the various customers' ticketing requirements.

TMR Logo
TMR Logo

Consumer expectations have evolved strikingly over the years, so have the functionality that passenger service systems can deliver. Solution providers and aviation IT companies offer wide range of customer service functions in passenger service system (PSS) market. Some of the key airline operations PSS automates are online booking, inventory control, reservation service, cabin crew management, and aircraft maintenance. Thus, the aviation sector utilizes the functions of the system to meet a wide array of customer service objectives to enable them maximize their revenue streams and gain business flexibility.

In the backdrop of several uncertainties that have arisen due to COVID-19 outbreaks in the past year, the passenger service system market will help the aviation industry to glide to new heights, assert aviation IT stakeholders. Solution providers aim at improving the safety features and reiterate on advantages of cloud-based offering.

The global revenues are expected to climb to US$ 20 Bn by 2030, exhibiting a robust CAGR of ~12% during the forecast period of 2020 – 2030.

Download PDF Brochure – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=22676

Key Findings of Passenger Service System Market Study

Cloud-based Platforms for Steady Revenue Streams

Changing business models of the aviation industry, especially in the last few months after the outbreaks of COVID-19, has nudged aviation companies to shift toward cloud-based passenger service systems. The hosting on cloud ensures that constant software updates by the cloud provider keeps the system safe, scalable, and reliable for meeting the operational needs of aviation industry. Advent of a few airline passenger services platforms with customer-centric designs are a case in point. For instance, aviation companies are utilizing these platforms for dynamically aircraft maintenance tracking and inventory management. In the unprecedented times of COVID-19 pandemic, the offering in the passenger service systems market also helped to manage a stable revenue streams, and will continue to do so.

Analyze global passenger service systems market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

Advances in Bot Protection Mechanisms Make Air Travel Safer

Advances in PSS has also exposed them to automated bot attacks. Thus, software providers and IT companies offering cloud-hosted PSS are keenly cautious of the end-customer concerns. Thus, they are adopting advanced bot protection mechanisms to allay the fears and remove vulnerabilities in reservation systems. Going forward this will solidify customer trust in online reservation systems in aviation.

Aviation IT Innovation Help Meet Customer Expectations

Strategic collaborations are expected to expand the canvas for disruptors in the passenger service system market. Aviation IT companies are leveraging the synergies of collaboration to bring innovation in their cloud PBX offering. A case in point is the spiralling buzz around the demand for cloud platforms that can typically reduce vendor dependency. Evolving customer expectations will set the tone for continual innovation in the PSS market.

Request the Covid19 Impact Analysis at

https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=22676

Passenger Service System Market: Key Driving Factors and Avenues

  • Need for improving passenger safety and the demand for IT framework to support smart airport and airline operations are key factors likely to boost industry investments in passenger service systems market.

  • Need for spurring strides in IT transport industry after a long slump due to COVID-led restrictions will likely boost the market. Per the recent findings by International Air Transport Association (IATA), 2020 was a turbulent year for the aviation industry.

  • Growing focus on streamlining the processes from check-in to check-out is driving constant need for advancements in cloud PBX.

Explore 288 pages of superlative research, current market scenario, and extensive geographical projections. Gain insights into the Passenger Service System Market (Component: Software and Services; and Deployment: Cloud and On-premise) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030 at https://www.transparencymarketresearch.com/passenger-service-system-market.html

Market: Key Industry Participants

  • IBM Corporation

  • KIU System Solutions

  • Sabre Corporation

  • Radixx International, Inc.

  • Intelisys Aviation Systems Inc.

  • IBS Software Services Pvt. Ltd.

Explore Transparency Market Research's award-winning coverage of the Global IT & Telecom Industry:

Endpoint Detection and Response [EDR] Market – The endpoint detection and response (EDR) market is estimated to expand at a CAGR of ~21% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global EDR market

Engineering Information Management [EIM] Solutions Market – The engineering information management (EIM) solutions market is estimated to expand at a CAGR of ~10% during the forecast period 2020-2030, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global EIM solutions market

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact

Mr Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/passenger-service-system-market.htm
Blog: https://tmrblog.com/

Cision
Cision

View original content:http://www.prnewswire.com/news-releases/aviation-industry-leverage-cloud-based-passenger-service-system-market-to-attain-new-heights-global-valuation-to-touch-us-20-bn-by-2030-tmr-301233426.html

SOURCE Transparency Market Research