Crew management IT worth $2.3bn by 2017

The total crew management systems market is expected to reach $2.3bn by 2017 with a CAGR of 8.92%, according to a new market research report.

Commercial Aviation Crew Management Systems Market – Global Forecasts & Analysis (2012–2017) concludes that 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 happenings on a daily basis,” said the report authors.

They forecast 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 bn which is expected to grow to $2.3 bn 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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