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Published Date: 2017-07-14Number of Pages: 179

Passenger Service System (PSS) Market (Service - Airline Reservation System, Airline Inventory System, Departure Control System, Internet Booking System, Loyalty System, Customer Care System, Airport Management Consulting, and Ancillary Services) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

Global Passenger Service System (PSS) Market: Snapshot

Passenger Service System (PSS) essentially is a set of solutions to facilitate efficient operations for various passenger related issues. At its core, it is a communication system that offers services to passengers such as loyalty, customer care, online booking, reservation, and check-in and check-out status in real-time. The demand for passenger service system has grown over the years primarily on account of the rising spending capacity of the middle-class and the growth in the number of airline operators. Going forward too, this will be the primary growth driver in the global market.

At present, numerous passenger service system (PSS) providers are offering non-core solutions such as ancillary service, loyalty system and customer care system in response to demand from airline operators. In addition, some PSS providers are also providing airport management consulting solution to cater to the demand for smart airport offering. All these are slated to stoke further growth in the global passenger service system (PSS).

The market is a dynamic one in which new platforms and new technologies are being leveraged to meet the increasing expectations of the customers. The growing penetration of the internet is also generating growth in the global passenger service system (PSS) market.

A report by Transparency Market Research forecasts the global passenger service system (PSS) market to rise at a solid CAGR of 11.8% from 2016 to 2024 to become worth US$ 11.523 bn by 2024 from US$4.315 bn in 2015.

global passenger service system market

 

Need to Generate Revenue from Non-core Solutions Slated to Boost Ancillary Services Segment

The different types of services in the global passenger service system (PSS) market are airline inventory system, internet booking system, airline reservation system, airport management consulting, loyalty system, departure control system, ancillary services, and customer care system. The airline reservation system segment, of them, accounted for a leading share of 27.8% in 2015. The growth in this segment has been brought about by its swift adoption by medium and small airline operators.

In the near future, however, it is the ancillary services segment that is predicted to clock maximum CAGR on account of demand from airline operators to generate revenue from non-core solutions. Airline reservation system, departure control system and internet booking system are also forecasted to contribute to the revenue for passenger service system (PSS) market in the upcoming years.

Medium and Small Operators in Other Regions to Dent Share of North America

From a geographical standpoint, North America grosses maximum revenue because of the presence of large airline operators and growing number of passengers’ demand for passenger service system. However, the growing number of medium and small airline operators in other regions is expected to dent the share of North America and Europe in the coming years.

Asia Pacific is another key region in the global passenger service system (PSS) market that is expected contribute substantially to the revenue. The Asia Pacific market is predicted to register a solid CAGR of 13.0% between 2016 and 2024, powered mainly by China, Australia, and Japan.

Growing number of medium and small airline operators across the Middle East and Africa and South America is expected to contribute the growth of respective market in the coming years.

Prominent participants in the global passenger service system (PSS) market are Sirena-Travel JSCS, Radixx International, Inc., Hitit Computer Services A.S., Intelisys Aviation Systems Inc., Bravo Passenger Solutions Pte Ltd., Unisys Corp., Hexaware Technologies Ltd., Travelport Worldwide Ltd., SITA NV, Sabre Corp., IBS Software Services Pvt. Ltd., Information Systems Associates FZE, Amadeus IT Group SA, Travel Technology Interactive, Mercator Ltd., Travelsky Technology Ltd., and KIU System Solutions.

Passenger Service System (PSS) Market: Overview

Passenger Service System (PSS) is a suite of solutions allowing efficient management of an airline front-end operation through managing passenger related activities. PSS solution is a communication system which provide passengers services such as customer care, loyalty, reservation, online booking, and check-in & check-out status in real-time. The demand for passenger service system is expected to increase in the coming years owing to the growing demand of commercial aviation and increasing number of passengers. Introduction of new medium and small airline operators across Asia Pacific, MEA and South America region is expected to increase the adoption of passenger service system in these markets.

This research report provides an in-depth analysis of the global passenger service system market based on service and geography segmentation. The global passenger service system market is categorized based on services into airline reservation system, airline inventory system, departure control system, internet booking system, loyalty system, customer care system, airport management consulting and ancillary services. The report analyzes each of these segments for various geographies considered under the scope of the study.

Passenger Service System (PSS) Market: Geographical Analysis

Based on geographical regions, the report segments the global passenger service system market into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America, which are analyzed in terms of revenue generation. North America is further segmented into The U.S. and Canada, Rest of North America, while Europe is divided into The U.K., Germany, France and Rest of Europe. Asia Pacific is subdivided into Australia, Japan, China and Rest of Asia Pacific. Also, MEA is further segmented into The GCC and Rest of MEA, while South America is subdivided into Brazil and Rest of South America.

The report also provides an analysis of the factors that drive and restrain the growth of the passenger service system market. It discusses the prevailing market trends, prospective growth opportunities, and major strategies increasing the popularity of the global passenger service system market. The report also provides ecosystem analysis and Porter’s Five Forces Analysis for the global passenger service system (PSS) market.

Passenger Service System (PSS) Market: Competitive Analysis

Major business strategies adopted by key players, their SWOT analysis, recent key developments, historical roadmap and competition matrix have also been identified in the research report. The key market players profiled in this study include Hitit Computer Services A.S., Radixx International, Inc., Bravo Passenger Solutions Pte Ltd., Hexaware Technologies Ltd., Intelisys Aviation Systems Inc., SITA NV, Unisys Corp., Sabre Corp., IBS Software Services Pvt. Ltd., Enoya?one LTD. (AeroCRS), Amadeus IT Group SA, Travel Technology Interactive, Information Systems Associates FZE, Mercator Ltd., Travelport Worldwide Ltd., Travelsky Technology Ltd., Sirena-Travel JSCS and KIU System Solutions.

Global Passenger Service System (PSS) Market

By Service

  • Airline Reservation System
  • Airline Inventory System
  • Departure Control System
  • Internet Booking System
  • Loyalty System
  • Customer Care System
  • Airport Management Consulting
  • Ancillary Services

By Geography

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South America


 
 
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