The "Ground Handling Software Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Airport Class; Application" report has been added to ResearchAndMarkets.com's offering.
The ground handling software market was valued at US$ 2,972.98 million in 2019 and is projected to reach US$ 4,382.05 million by 2027; it is expected to grow at a CAGR of 5.3% from 2019 to 2027.
The ground handling software market is soaring in the current scenario across the globe. The majority of the demand is generated from airports in developing countries worldwide. The substantial investments toward the construction of new airports in developing countries are triggering the demand for technologically sophisticated ground handling software in order to streamline the ground handling operations.
This factor is catalyzing the growth of the ground handling software market. Apart from developing countries, several European countries, especially the Nordic Countries, are also witnessing a rise in the newer airport, which is driving the demand for advanced software for the ground handlers, thereby driving the ground handling software market.
Impact of COVID-19 Pandemic on ground handling software Market
Since the COVID-19 pandemic emerged, the entire aviation industry has come to an unscheduled halt across the globe. The suspension of passenger air transport by the airline, governments, and airport authorities has shocked several associated industries. The repatriation flights and air freight business continue to function during the pandemic; however, since the operations at every airport are significantly restricted to the businesses mentioned above, the end users struggled to gain profits. This factor is expected to limit the adoption of advanced technology among the end users, as gaining aeronautical revenue would be the end users priority as the airports begin operating.
The adoption rate of software for various airport operations is expected to remain slow over the next couple of years, as the airport business is foreseen to be restricted which is further expected to lead the airports, airlines, and ground handlers gain marginal profits
Reasons to Buy:
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the ground handling software market, thereby allowing players to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to airport class, application, and software type.
Increasing Investment toward Airport Construction and Expansion
Capitalization in Airport IT Infrastructure
Lack of Investment on Airports in Developed Countries
Construction of Smart Airports is on the Rise
Stimulating Demand for Cloud-based Ground Handling Software
Arepo Solutions Ltd
Damarel Systems International Ltd
Quantum Aviation Solutions
RESA Airport Data Systems
TOPSYSTEM SYSTEMHAUS GMBH
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View source version on businesswire.com: https://www.businesswire.com/news/home/20200805005706/en/
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