Press Release / Business / Global MRO Software Market is Estimated to Reach $5 Billion by 2025, Says Accurize Market Research

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, the 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
An increase in the 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 the adoption of the internet of things (IoT) and big data analytics by MROs also 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 the 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 the MRO software market is segmented into cloud-based and on-premises.
By geography, the market is segmented into North America, Europe, Asia-Pacific and the 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, the Middle East, and Africa.

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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 Aviation Software, and Trax, among others.