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Global Passenger Service System Market 2018 Recent Trends, Competitive Landscape, Size, Segments, Emerging Technologies and Industry Growth by Forecast to 2023

(October 09, 2018)


"Passenger Service System Market"
Passenger Service System Market Research Report: By Service (Airline Reservation System, Airline Inventory System), Deployment (Cloud, On-Premise), Solution (Inventory Management) - Forecast Till 2023

Market Highlights:

The rise in the number of aircrafts operating in the travel sector has augmented the demand for passenger service systems consequently. Market focused reports associated to the Information and Communications Technology industry among others recently have been made accessible by Market Research Future which issues reports on this industry. The passenger service system market globally is estimated to achieve revenues worth USD 10 billion by the year 2023 while growing at a CAGR of 11% approximately in the forecast period.

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Major Key Players

  • Sirena-Travel JSCS (Russia),
  • Radixx International, Inc. ( U.S.),
  • Unisys Corp.(U.S.),
  • Travelport Worldwide Ltd.(U.K),
  • SITA NV (Geneva),
  • Sabre Corp.(U.S.),
  • Amadeus IT Group SA (Spain),
  • Hitit Computer Services A.S. (Istanbul),
  • Intelisys Aviation Systems Inc.(Canada),
  • Bravo Passenger Solutions Pte Ltd.( Singapore),
  • Hexaware Technologies Ltd. (India),
  • IBS Software Services Pvt. Ltd.(India),

Information Systems Associates FZE (UAE), Travel Technology Interactive (France), Mercator Ltd.(India), Travelsky Technology Ltd. (China), and KIU System Solutions (Argentina), among others.

According to the Market Research Future Analysis, the global passenger service system market is expected to reach USD ~10 billion by the end of the forecast period at a CAGR of ~11%.

The growing demand for augmented reality and the artificial intelligence are driving the passenger service system market growth. The increasing demand for transportation system such as airline reservation system segment is holding maximum market share due to increasing number of industrialization. Therefore, high uptake among all kind of airline operators who all are providing solutions to satisfy their customers is propelling the passenger service system market growth. It helps the customer in finding flight for pre-travel, ticket issuance, check-in, boarding, in-flight services, baggage, and others. It helps in improving the aircraft maintenance, aircraft identifications, integrated fare management, traffic modelling, customer loyalty programs, estimating travel times, and ultimately safety.

Industry Updates:

June 2018 Sabre Corporation and Vietnam Airlines have of late announced an extended agreement which reiterates their lasting partnership. The carrier will leverage the coverage of SabreSonic which is Sabre’s passenger service system (PSS) that Vietnam Airlines is currently operating on, to expand its distribution, retailing, and fulfilment capabilities. This distinguished experience will be driven by Sabre's powerful passenger service system, with improved functionalities that will deliver amplified revenue opportunities by modifying offers and experiences to meet the requirements of every traveller. The usage of Sabre's pioneering technology solutions, customers, will witness a seamless experience, from online booking, purchasing ancillaries on websites, check-in, flight searches, and after-sales service.

Segmentation

The global passenger service system market is segmented into service, deployment, solution, and region. The service is segmented into airline reservation system, airline inventory system, departure control system, internet booking system, loyalty system, customer care system, airport management consulting, ancillary services, and others. The deployment segment is sub-segmented into cloud and on-premise. The solution segment is sub-segmented into inventory management, loyalty management, reservation management, and others. The market is spanned across regions including North America, Europe, Asia Pacific, and rest of the world.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/passenger-service-system-market-5169

Regional Analysis

The global passenger service system market is studied for the Asia Pacific (China, Japan, and India), North America (the U.S., Mexico, and Canada), Europe (the U.K, Germany) and Rest of the World. North America is one of the leading regions of the world in terms of market share. The passenger service system market in this region has a huge demand due to the increasing adoption of consumer electronics devices, which is further propelling the market growth to a large extent. The passenger service system market in Europe is expected to witness a rapid growth over the forthcoming period. Whereas, Asia Pacific countries such as China, Japan, and India are emerging passenger service system markets, which is expected to grow at the highest CAGR over the review period.

Intended Audience

  • Passenger service system companies
  • Passenger service system providers
  • Technical universities
  • System integrators
  • Managed Security Service Providers
  • Professional service providers
  • Research and development companies
  • Market research and consulting firms
  • Solution providers
  • Technology standards organizations
  • Technology investors
  • System Integrators

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About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Media Contact

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