According to a new market research report “Commercial Aviation Crew Management Systems Market – Global Forecasts & Analysis (2012–2017)”, published by MarketsandMarkets 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 fleet. The growth in the airline industry has created a huge demand in the software market for better manpower planning and handling.
Crew time, flying hours, lack of interpersonal communication, lack of proper training, making improper decisions, improper leave management and lack of situational awareness are the some of the constraints faced by the airline industry. CMS acts as a platform to unite all these into one single system and making the constraints ineffective. This helps the airlines to improve their overall crew activities.
The entire IT sector in aviation is growing. From five years down the line airlines are planning to improvise 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.
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 happenings 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 $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.
The agenda for the briefing includes discussion on key high growth markets, thereby marking the growth trend in the CMS market. Furthermore, a briefing conducted on the competitive scenario and geographic trends and opportunities in the North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.
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