Airline Route Profitability Software Market - Industry Size, Share, Growth & Forecast 2028 | UnivDatos

 The Airline Route Profitability Software Market is expected to grow at a steady rate of around 10% owing to the increased adoption of technologies such as artificial intelligence, mobile and conversational commerce coupled with business analytics and market intelligence. Thus, helping airlines to identify demand trends and increase profit margins by calculating and evaluating the cost of currently operated routes. Moreover, the rising need to find shorter as well as faster air routes, to save fuel and time and rising air traffic across the globe are also contributing to the growth of the market. For instance, according to the Federal Aviation Administration, in 2021, Air Traffic Organization (ATO) handled a total of 16,405,000 flights.

The global Airline Route Profitability Software Market is expected to grow at a growth rate of around 7% during he forecast period. Airline route profitability software helps airlines increase profit margins by calculating and evaluating the cost of currently operated routes. Flight planning is also an important part of airline route profitability, the flight plan contains the route that the crew will fly, indicating altitude and speed. It also includes the calculations of how much fuel the plane uses and how much extra fuel is needed to meet various safety requirements.

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 According to UnivDatos Market Insights (UMI)’ research report “Global Airline Route Profitability Software Market”, the market is expected to witness robust growth during the forecast period. The rising use of this software to find out the budget and schedule the plan for every route to create higher profits by minimizing the operating costs.

Based on software, the market is classified into fares management and pricing, planning and scheduling, revenue management, and other software. Among these, the planning and scheduling segment is expected to witness a robust CAGR during the forecast period owing to the need to generate a flight schedule that achieves the most effective use of an airline's resources.

Based on end-use, the market is divided into domestic airlines, international airlines, and business charters. International airlines are expected to be the prominent shareholder of the global airline route profitability software market during the forecast period. Factors such as the growing demand from the middle class, growth in population and tourism, higher disposable incomes, favorable demographics, rising aircraft penetration, and aviation infrastructure growth are contributing to the growth of this segment.

Asia-Pacific to witness robust CAGR

Asia-Pacific is expected to grow at a prominent growth rate during the forecast period. The region is the center of a rapidly growing aviation industry, with China and India being major aviation hubs. Growing tourism countries such as Indonesia, Singapore, South Korea, Malaysia, Thailand, and others are leading to increased passenger numbers in the region. To capitalize on the demand in the region, the aviation industry has made strategic investments and plans to expand its presence in the region. The aviation industry use route profitability software to assess existing routes, understand profit margins, plan and budget for route profitability, and enable the addition of new routes in the future.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the airline route profitability software market are SITA, International Business Machines Corporation, Amadeus IT Group S.A., Sabre GLBL Inc., Orane Consulting Pvt. Ltd., Damarel Systems International Ltd., Airport Information Systems Limited, Wipro Limited, Laminar Aviation Pte. Ltd., and QlikTech International AB

“Global Airline Route Profitability Software Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.        

Market Segmentation:

1.      By Software (Fares Management and Pricing, Planning and Scheduling, Revenue Management, and Other Software)

2.      By End-Use (Domestic Airlines, International Airlines, and Business Charters)

3.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

4.      By Company (SITA, International Business Machines Corporation, Amadeus IT Group S.A., Sabre GLBL Inc., Orane Consulting Pvt. Ltd., Damarel Systems International Ltd., Airport Information Systems Limited, Wipro Limited, Laminar Aviation Pte. Ltd., and QlikTech International AB)

Key questions answered in the study:

1.      What are the current and future trends of the global airline route profitability software industry?

2.      How the industry has been evolving in terms of software and end-use?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global airline route profitability software industry?

5.      What is the customer orientation, purchase behavior, and expectations from the global airline route profitability software suppliers across various region and countries?