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Allied Market Research

Cloud MRO Software Market by Pricing Model (Ownership Model and Subscription Model), Function (Business Management, Operation Management, maintenance Management and Electronic Flight Bag & Logbook Management), End User (MROs, Operators, OEMs and Lessors), and Solution (Software and Services): Global Opportunity Analysis and Industry Forecast, 2020–2027

A09168
Pages: NA
Aug 2021 | 526 Views
 
Author(s) : NA
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Charts: NA
 

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Cloud MRO Software Market Outlook – 2027 

The global cloud MRO (maintenance, repair, and overhaul) software market is experiencing a significant growth due to demand for efficient business operations tracking. Cloud MRO software is a tool accessed through internet to oversee the maintenance, repair, and operation for a business. MRO software is also used to make purchases, oversee parts inventory, track the maintenance operations, and oversee MRO workforce. It provides features such as order management, inventory control, shipping, and scheduling for all maintenance activities. In addition, MRO software has workforce maintenance capabilities, from training and onboarding staff to tracking of hours worked. Repair history as well as status of ongoing repairs can also be tracked using MRO software.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

   Value (USD)

  Segments covered

  Pricing Model, Function, End User, Solution, and Region

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa

  Companies covered

HCL Technologies Limited, Flatirons Solution Inc., Boeing, Oracle Corporation, Lufthansa Technik AG, International Business Machines Corporation, Rusada, IFS AB, FLY Online Tools, Swiss AviationSoftware, GE Aviation.

 

COVID-19 scenario analysis: 

MRO software developers are facing short-term operational issues due to supply chain constraints and lack of site access due to COVID-19 outbreak.

MRO software market is a utility-owned segment which is driven by financial incentives and regulatory support from governments globally, hence it is being primarily affected by the COVID-19 pandemic.

Asia-Pacific is anticipated to be vastly affected by the spread of COVID-19 due to fact that China is the epic center of this lethal disease.

Closing of business operations has disrupted the demand side of the market dynamics of aviation and manufacturing segment thereby delaying ongoing projects.

Grounding of airlines as per government initiatives to slow the COVID-19 outbreak, has adversely affected the revenue stream of aviation industry.

Top impacting factors: market scenario analysis, trends, drivers and impact analysis

Surge in digitalization in the aviation industry, increase in demand for reduction in turnaround time for maintenance operations, and rise in adoption of software as a service are the factors that drive the global cloud MRO software market. However, limited budget restrains for adoption of integrated MRO software suite, lack of common data standards in different IT systems, and stringent aviation regulations products hinder the market growth. On the contrary, increasing adoption of Internet of Things (IoT), AI, augmented reality (AR), and big data analytics that utilizes large shared network of computer to process large chunks of data present new pathways in the industry.

The global cloud MRO software market trends are as follows:

Rise in adoption of software as a service

Users of MRO software widely adopt the cloud-based model due to advantages of its low cost and flexibility of use. The upfront cost of cloud-based software is typically lower than that of on-premises model. In addition, licenses are generally renewed monthly or annually, which encourages the software provider to demonstrate the ongoing value of the software and build a relationship with the customers. For instance, in 2020, EmpowerMX (cloud-based MRO software provider based in Texas, US) launched touch free electronic task card (ETC), a contact-less MRO software service for MRO service providers to continue post COVID-19 pandemic operations. ETC is an elegant, mobile-ready solution that can works seamlessly with any existing MRO solution to enable operators on the floor to digitally complete tasks without coming into contact with paper. Such adoption of software as a service is expected to drive the global cloud MRO software market.

Key segments covered:

Segments

Sub-segments

  Pricing Model

  • Ownership Model
  • Subscription Model

  Function

  • Business Management
  • Operation Management
  • Maintenance Management
  • Electronic Flight Bag & Logbook Management

  End User

  • MROs
  • Operators
  • OEMs
  • Lessors

  Solution

  • Software
  • Services

 

Key benefits of the report:

  • This study presents the analytical depiction of the global cloud MRO software industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global cloud MRO software market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global cloud MRO software market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global cloud MRO software market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the cloud MRO software market research report:

  • Which are the leading market players active in the cloud MRO software market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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