According to the new research report "MRO Software Market in aviation by Solution (Enterprise Resource Planning (ERP) Solution, Point Solution), Deployment (Cloud Based, On Premises), End User (Airlines, MROs, OEMs), and Region - Global Forecast to 2022", published by MarketsandMarkets™, the market in aviation is estimated at USD 4.08 Billion in 2017 and is projected to reach USD 4.93 Billion by 2022, at a CAGR of 3.85% from 2017 to 2022. This growth can be attributed to the increasing use of software by small and medium airlines and MROs.
The ERP solution segment is projected to be the largest solution segment of the aviation maintenance software market
Based on solution, the aviation maintenance software market has been segmented into ERP and point solutions, which have been further segmented into different MRO software modules. The ERP solution segment is divided into maintenance management, operation management, and business management, mainly driven by the increase in the adoption of integrated ERP software solutions by Tier 1 MROs and airlines. Increasing demand for digitalization of MRO services is one of the key factors driving the maintenance management modules of the ERP solution segment, which, in turn, is expected to drive the demand in aviation maintenance software.