The market for the CMS is estimated to be $2.3 billion in 2012-2017. The current market value is $1.5 billion. The market is estimated to grow at a CAGR of 8.92% during the period 2012-2017.
Dallas, TX -- (SBWIRE) -- 02/11/2015 -- According to a new market research report "Commercial Aviation Crew Management Systems Market - Global Forecasts & Analysis (2012-2017)", the total Crew Management Systems market is expected to reach $2.3 Billion by 2017 with a CAGR of 8.92%.
Browse 102 market tables and 113 figures spread through 234 pages and in-depth TOC on "Commercial Aviation Crew Management Systems Market - Global Forecasts & Analysis (2012-2017)".
Early buyers will receive 10% customization of reports.
The entire IT sector in aviation is growing. From five years down the line airlines are planning to improve themselves by deploying better resources for more productivity. There lies the potential of the CMS market which forms an inevitable part of IT sector in aviation. In airline industry manpower planning has a huge role. Human errors can make devastating effect that might reduce the airline profitability. Airlines use software as the way to avoid all these problems and achieve maximum productivity across the fleet. The growth in the airline industry has created a huge demand in the software market for better manpower planning and handling.
The major players in this market are very few. The market is highly segmented, having a lot of small IT vendors who are region-specific in their operations. CMS is a very dynamic sector with lots of changes happening on a daily basis.
The CMS market is expected to grow at a CAGR of 8.92% during the period 2012-2017. The current market size is $1.5 billion which is expected to grow to $2.3 billion by 2017. APAC and ME will be the fastest-growing regions which are expected to grow at a CAGR of 11.87% and 11.69% respectively. This shows the growth of regional economies in CMS market.
Software plays a crucial role in managing airline crew. The existence of an airline in the current fluctuating market scenario depends on the efficient management of fuel costs, flight timings and crew scheduling. The need for efficiency in management of crew time has persuaded airlines to invest in software like CMS which will enhance their operational efficiency. Because of the large number of crew members in major airlines a small improvement in productivity will lead to a profit of several million dollars. Adaptability is the major benefit of CMS software which is built on advanced mathematical models. There are large numbers of IT vendors whom the airlines chose for their crew management systems. Column Generation Technique is a commonly used tool which provides faster crew pairing solutions. The market size is huge as airlines invest is more in IT, because technology is the only tool they can use against others in the cut throat competition with their rivals.
In addition to market sizes and forecasts, the report also provides a detailed analysis of the market trends and factors influencing market growth, offering in-depth geographic analyses of the Global Commercial Aviation Crew Management Systems market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. The report draws the competitive landscape of the Crew Management Systems Market, providing an in-depth comparative analysis of the technological and marketing strategies the key players are adopting in order to gain an edge over the their competitors.
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defence [http://www.marketsandmarkets.com/aerospace-defence-148.html ], and telecommunications and IT.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. To know more about us and our reports, please visit our website http://www.marketsandmarkets.com.
7557 Rambler Road,
Suite 727, Dallas, TX 75231