The global airline route profitability software market size is anticipated to expand at a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the acquirement of advanced software by various airlines and rising focus on airline route profitability software. Airlines need high amount of fuel to operate its functions and rising cost of fuel is expected to propel the market.
Airline route profitability software examines existing routes to recognize the plans and budgets profitability of routes as well as profit margins to manage the new routes for the future. Airline business is considered very high loss making business, which has extremely poor survivability rate. Airline that manages its business by optimizing its costs and management are considered to have good chance of surviving and making a profit in market.
The market for airline route profitability software is directly proportional to the growth of the airlines industry. The airlines industry needed the services of airline route profitability software to analyze its costs and get maximum return on their investment. Covid-19 has impacted the airline route profitability software market globally due to lockdown imposed by government. It restricted the travelling along with working of airlines stopped either domestic or international.
Market Trends, Drivers, Restraints, and Opportunities
- Growing air traffic is estimated to spur the market growth during the forecast period.
- Rapid growth of the aviation industry is major factor spurring the market expansion.
- High cost of manufacturing is projected to hamper the market growth in the coming years.
- Lack of skilled professional act as main challenge that can impede the market expansion.
- R&D investment and technological innovation in airline route profitability software is expected to offer significant opportunities for the market players.
Scope of the Report
The report on the global airline route profitability software market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
| Attributes | Details |
| Report Title | Airline Route Profitability Software Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
| Base Year | 2020 |
| Historic Data | 2018–2019 |
| Forecast Period | 2021–2028 |
| Segmentation | Software (Revenue Management, Planning and Scheduling, Fares Management and Pricing, and Others), End-users (International Airlines, Domestic Airlines, and Business Charters) |
| Regional Scope | Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
| Report Coverage | Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
| Key Players Covered in the Report | NIIT Technologies Ltd.; Sabre Corporation; Airpas Aviation GmbH; IBM; SITA; Sixel Consulting Group; Optym; and Seabury Group |
Market Segment Insights:
Others segment is projected to account for a large market share
Based on software, the global airline route profitability software market is divided into revenue management, planning and scheduling, fares management and pricing, and others. The others segment is expected to constitute a key share of the market during the forecast period owing to various airlines are investing in software such as crew management, reservations and distribution, and flight operation control. The demand for this software is increasing, which enables to find internal and deeper insights for framing various types of strategies.
International airlines segment is projected to hold a key market share
On the basis of end-users, the market is segmented into international airlines, domestic airlines, and business charters. The international airlines segment is expected to represent a key share of the market in the coming years due to growth of international airlines and increasing number of routes taken by these airlines. On the other hand, the domestic airlines segment is anticipated to expand at a rapid pace during the forecast period owing to safety features and improves customer experience while travelling.
Asia Pacific is expected to dominate the market
On the basis of regions, the global airline route profitability software market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market of Asia Pacific is anticipated to expand at an impressive CAGR during the forecast period. The regional market growth can be attributed to rising connectivity and increasing airline routes for commercial purposes. The developing technological advancements and rising air traffic along with the developing new aircrafts is anticipated to fuel the market.
Segments
Segments Covered in the Report
The global airline route profitability software market has been segmented on the basis of
Software
- Revenue Management
- Planning and Scheduling
- Fares Management and Pricing
- Others
End-users
- International Airlines
- Domestic Airlines
- Business Charters
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- NIIT Technologies Ltd.
- Sabre Corporation
- Airpas Aviation GmbH
- IBM
- SITA
- Sixel Consulting Group
- Optym
- Seabury Group
Competitive Landscape
Key players competing in the global airline route profitability software market include NIIT Technologies Ltd.; Sabre Corporation; Airpas Aviation GmbH; IBM; SITA; Sixel Consulting Group; Optym; and Seabury Group. Some of these players are engaged in several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares.
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