Passenger Service System Market 2021-2027

New Study Reports " Passenger Service System Market 2021, Global Key Players Analysis, Share, Trends, Future Opportunities Forecasts 2027" has been Added on MarketResearchFuture.

Report Overview            

This published report for the Passenger Service System Market analyzes and forecasts the marketing statistics of the product/service market on a global as well as the regional level. This detailed study Passenger Service System Market also offers the previous historical data along with the forecast from 2021 to 2027. The assessment of the Passenger Service System Market factors gives a brief overview of the impact on the demand over the forecast period. In addition to this, the report also studies the opportunities that are available in the report at the global level. An executive summary is also provided based on the industry snapshot for the period from 2021-2027. 

The passenger service system market globally is estimated to achieve revenues worth USD 19.48 billion by the year 2027 while growing at a CAGR of 12.32% approximately in the forecast period.

The global passenger service system market is witnessing steadily rising revenues. Huge technological advances attribute to the market growth, bringing about PSS solutions and services. PSS enhances travel sellers' retailing capabilities and enables them to provide a more personalized experience for travelers, creating more growth opportunities for airlines.

Additional factors bolstering the market growth include rising pressure among airline companies to increase customer satisfaction and brand loyalty while minimizing operational costs by assisting agents through enhanced automation. With the increasing demand for transportation systems such as airline reservation solutions, the market is projected to perceive exponential traction in the next couple of years. 

In this regard, Market Research Future (MRFR) asserts that the global passenger service system market is poised to register an impressive CAGR during the assessment period (2017 – 2023). MRFR also states that the industry can overcome COVID 19 effects in no time, provided industry players incorporate effective strategies. Implementation of advanced technologies and services offerings could re-establish these businesses.

Over the last decade, the PSS market has grown dramatically. However, the onset of the COVID-19 pandemic severely hit the passenger service system industry, bringing it to a standstill for more than three months. Most countries imposed social distancing in place with severe travel restrictions, causing significant revenue losses to travel and tourism industries worldwide.

Resultantly, the passenger service system market witnessed huge revenue losses and a decline in total market valuation in 2020. However, the passenger service system market is expected to rebound sooner than later, regaining its previous momentum.  

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Key Players

The eminent competitors in the market are Amadeus IT Group SA (Spain), Radixx International, Inc. ( U.S.), Sabre Corp.(U.S.), Intelisys Aviation Systems Inc.(Canada), Hitit Computer Services A.S. (Istanbul), IBS Software Services Pvt. Ltd.(India), Unisys Corp.(U.S.),  Sirena-Travel JSCS (Russia), Bravo Passenger Solutions Pte Ltd.( Singapore),  Information Systems Associates FZE (UAE),  Hexaware Technologies Ltd. (India), SITA NV (Geneva), Travelport Worldwide Ltd.(U.K) and KIU System Solutions (Argentina) and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Passenger Service System.

Passenger Service System (PSS) Market – Segmentations

The passenger service system market analysis is segmented into services, deployment, solutions, and regions.

The service segment is sub-segmented into airline reservation systems, departure control systems, airline inventory systems, internet booking systems, customer care systems, loyalty systems, ancillary services, airport management consulting, and others.

The deployment segment is sub-segmented into on-cloud and on-premise.

The solution segment is sub-segmented into loyalty management, inventory management, reservation management, and others. 

Global PSS Market – Geographical Analysis

North America dominates the global passenger service system market. The largest market share attributes to the huge demand for PSS systems covering various functions, including flight scheduling, ticket reservation, loyalty program, departure control, and e-commerce. Besides, the rising uptake of mobile booking technology and travel apps drives the region's passenger service system market share.

Industry/ Innovation/ Related News:

July 21, 2021 --- LOT, a Polish airline company, announced signing a multi-year agreement with Amadeus IT Group, S.A., a major Spanish IT provider for the global travel & tourism industry. The partnership allows LOT to explore the advantages of the Amadeus Airline Platform fully.

The agreement covers a wide range of futuristic solutions related to passenger service systems, airline operations, passenger disruption management, digital experience, revenue management, and merchandising. To reach the world's largest travel sellers network and expand its global footprint, LOT would start to distribute new and tailored content in real-time through the Amadeus Travel Platform.

Key Stakeholders 
Passenger Service System Market Manufacturers 
Passenger Service System Market Distributors/Traders/Wholesalers 
Passenger Service System Market Subcomponent Manufacturers 
Industry Association 
Downstream Vendors

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TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

….

12. Company Profiles

12.1 Sirena-Travel JSCS.

12.1.1 Company Overview

12.1.2 Product/Business Segment Overview

12.1.3 Financial Updates

12.1.4 Key Developments

12.2 Radixx International, Inc.

12.2.1 Company Overview

12.2.2 Product/Business Segment Overview

12.2.3 Financial Updates

12.2.4 Key Developments

12.3 Hitit Computer Services A.S

12.3.1 Company Overview

12.3.2 Product/Business Segment Overview

12.3.3 Financial Updates

12.3.4 Key Developments

12.4 Intelisys Aviation Systems Inc.

12.4.1 Company Overview

12.4.2 Product/Business Segment Overview

12.4.3 Financial Updates

12.4.4 Key Developments

And more

Continued...

Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

About Us:

Market Research Future (MRFR) is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.

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