A Benchmarking System to Spark Companies to Action - Innovation that Fuels New Deal Flow and Growth Pipelines
The global commercial airline revenue management market is mature, registering about $773.9 million in 2021. The report expects the market to reach $1 billion in 2032, moving at a compound annual growth rate (CAGR) of 2.6%. As airlines are adopting digitalization across all operational areas, vendors are upgrading their revenue management solutions by adding next-generation technologies such as artificial intelligence and Big Data analytics to deliver optimal revenues for airlines. The growth in passenger traffic leading to more routes, the potential increase in aircraft deliveries, and the development of new carriers globally are factors set to drive the commercial airline revenue management market.
While the COVID-19 pandemic nearly halted the global aviation industry, high jet fuel prices and the Russo-Ukrainian War have exacerbated global aviation uncertainties. A drawn-out war will only worsen the outlook. The report expects domestic and international air travel to recover fully and reach 2019 passenger traffic levels in 2024 if no new, large-scale infections lead to lockdowns and a halt in economic activities.
Airline schedules and pricing forecasts are vital for carriers to maximize revenues. The accuracy of these models depends on historical data from many internal and external systems. However, historical data became redundant post-pandemic when the demand-and-supply situation changed completely. The redundancy of historical data led airlines and solution vendors to forecast demand scenarios based on alternate data.
The 10 competitors benchmarked in this Frost Radar™ serve nearly 29.9% of the market. The firms comprise 3 groups: leaders in the global airline information technology (IT) market with extensive portfolios that extend into adjacent areas; smaller firms with niche and focused solution portfolios; and start-ups that are leveraging next-generation technologies to enhance their capabilities. The companies featured in the Global Commercial Airline Revenue Management Market Frost Radar™ are Sabre, PROS, Amadeus IT Group, Coforge (formerly NIIT Technologies), Accelya, Lufthansa Systems, Airline Tariff Publishing Company (ATPCO),FLYR Labs, Sirena-Travel JSC, and Maxamation. The analyst has identified these organizations as the leaders in this market.
The Frost Radar™ reveals the market positioning of these leading companies using their Growth and Innovation scores as highlighted in the Frost Radar™ methodology. The document presents competitive profiles on each of the companies in the Frost Radar™ based on their strengths, opportunities, and market positioning. It discusses strategic market imperatives and the competitive environment that vendors operate in as well as makes recommendations for each provider to spur growth.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Accelya
- Airline Tariff Publishing Company (ATPCO)
- Amadeus IT Group
- Coforge
- Flyr Labs
- Lufthansa Systems
- Maxamation
- PROS
- Sabre
- Sirena-Travel JSC
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 34 |
Published | October 2022 |
Forecast Period | 2021 - 2032 |
Estimated Market Value ( USD | $ 773.9 Million |
Forecasted Market Value ( USD | $ 1000 Million |
Compound Annual Growth Rate | 2.6% |
Regions Covered | Global |