(PRWEB) May 02, 2014
According to a new market research report "Commercial Aviation Crew Management Systems Market - Global Forecasts & Analysis (2012-2017)", the total Crew Management Systems market is expected to reach $2.3 Billion by 2017 with a CAGR of 8.92%.
Browse 102 market tables and 113 figures spread through 234 pages and in-depth TOC on "Commercial Aviation Crew Management Systems Market - Global Forecasts & Analysis (2012-2017)".
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The entire IT sector in aviation is growing. From five years down the line airlines are planning to improve 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. In airline industry manpower planning has a huge role. 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 the fleet. The growth in the airline industry has created a huge demand in the software market for better manpower planning and handling.
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 happening 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 to $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.
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