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Global Passenger Service System Market to reach nearly US$ 22 Billion by 2032, Deployment to be Maximum for Airline Reservation Systems

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United States, Rockville, MD, May 10, 2022 (GLOBE NEWSWIRE) — According to a recently published study by Fact.MR, the market for passenger service systems is likely to reach a value of US$ 21.9 Billion by 2032, growing at a staggering rate of about 9.4% over the next ten years. Stakeholders in the aviation sector are investing in high-grade service system management solutions in order to optimize capital and operational expenditures.

As the tourism industry expands, more countries, particularly those in Asia, are adopting passenger service management solutions. A growing number of passengers traveling by air and the need for seamless procedures before, during, and after the flight have contributed significantly to the rise in PSS in airlines. Furthermore, the increased freight traffic has also necessitated a robust operational management infrastructure to be developed in order to streamline cargo-handling processes, which will lead to increasing the use of advanced software.

International Air Transport Association (IATA) data shows that global cargo tonne kilometers flown (CTKs) reached pre-pandemic levels by January 2021, and by Q1-end they were 4.4% higher. The aviation market participants are hopeful that certain regions will see a stronger recovery over the next few months, which is likely to lead to stronger growth prospects.

Browse in-depth TOC on “Airline Inventory Systems Demand”
32 Tables and
123 Figures
188 Pages
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The number of investors in cybersecurity solutions will also rise amid growing concerns about hackers and other malicious entities stealing passenger and freight data in the market. With the 21st century rapidly approaching, industry leaders are leveraging trends such as big data, process automation, artificial intelligence, machine learning, and a variety of other innovations to deploy advanced software-based management solutions.

Key Takeaways from Market Study

  • The global passenger service system market is estimated to be worth US$ 8.9 Billion in 2022
  • By service type, airline reservation systems are expected to acquire a lucrative market share of 8.6% CAGR during the forecast period
  • As a top region, Asia Pacific is slated to have the highest CAGR of 10.2% by the end of the forecast period.
  • The UK market growth is expected to reach a CAGR of 8.1% with a market value of US$ 838.8 Billion at the end of the forecast period.
  • With surging business volumes and increasing passenger traffic, China will emerge as the most lucrative Asian market during the forecast period.

“A rapid improvement in automated software solutions and the continued development of artificial intelligence will open up a world of opportunity for market players,” says a Fact.MR analyst.

To learn more about Demand for Internet Booking Engine Passenger Service Systems, you can get in touch with our Analyst at

https://www.factmr.com/connectus/sample?flag=AE&rep_id=5850

Competitive Landscape

Prominent vendors are emphasizing on collaboration to increase output and meet consumer demand, which increases profits and market share. In order to extend their reach, leading manufacturers of passenger service systems emphasize providing state-of-the-art management services and software. These companies have established active collaborations with various governmental agencies. Companies in the passenger service system market generate steady revenue streams from airline parking reservations and ticketing services.

  • Tata Consultancy Services, one of the world’s leading IT firms, released a passenger services platform in December 2021 for a global airline. This success is expected to open up additional opportunities across travel segments and geographies. In addition to 70 airport location, Plaza Premium Group (PPG) serves 20 million passengers a year through TCS platform. Kempegowda International Airport in Bengaluru is scheduled to debut the platform in 2022, where the company has already rolled out 18 of 22 planned services.
  • As part of the Pan Am Railway acquisition, Amtrak applauds CSX concessions for passenger service in January 2022. CSX Corp. has seemingly eliminated one of the biggest obstacles to its acquisition of Pan Am Railways in a recent filing with the Surface Transportation Board. As part of the agreement, CSX will provide rail services north and south of the city. Norfolk Southern did not fully commit to accepting the conditions Amtrak requested in a public hearing earlier in January on the east-west portion of the network, a nearly 400-mile route that is jointly owned by Norfolk Southern and Pan Am Railways.

A rising level of competitiveness in the commercial transportation industry has created in-flight services, especially food delivery and waste collection to be one of the most important competitive measures to attract passengers over their rivals. 

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Key Market Segments Covered in Passenger Service System Market

  • Passenger Service System Market by Service Type :
    • Airline Reservation System
    • Airline Inventory System
    • Departure Control System
    • Internet Booking Engine Passenger Service System
    • Loyalty Layer Passenger Service System
    • Customer care Layer Passenger Service System
    • Airport Consulting Passenger Service System
    • Ancillary Services Passenger Service System

Get Customization on this Passenger Service System Software Demand Report for Specific Research Solutions at

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More Valuable Insights

Fact.MR, in its new offering, presents an unbiased analysis of the passenger service system market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032. The study divulges essential insights on the market on the basis of service type (Airline Reservation System, Airline Inventory System, Departure Control System, Internet Booking Engine, Loyalty Layer, Customer care Layer, Airport Consulting, Ancillary Services), across five major regions of the world (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa).

Fact.MR’s Domain Knowledge in Technology

Our ICT consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the ICT sector. Our expertise in recognizing the challenges and trends impacting the global ICT industry provides indispensable insights and support – encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.

To understand how our report can bring difference to your business strategy, Purchase a copy of this passenger service system market report at

https://www.factmr.com/checkout/5850

Check out more studies related to Technology Industry, conducted by Fact.MR:

Which Emerging Trend is Driving High Demand for Wires and Cables?The market will most likely benefit from various countries’ commitment to exceeding the required goals. Increased installation of wind turbines and solar farms has increased the need for wires and cables.

What are the Driving Factors for the Global Mobile Video Optimization Market?
Video creators increasingly rely on popular video streaming platforms such as YouTube and others to broadcast various kinds of information and generate revenue from it. YouTube channel optimization service is one of their wide tools, making it the most insightful tool for the mobile video optimization market demand analysis.

Prominent Partner Relationship Management Software Market Growth Accelerators – To improve loyalty and outreach, channel managers are announcing new market opportunities and providing branded solution offerings to their partners. A majority of technologically oriented companies are dependent on indirect sales channels to promote their business. 

Rise in deployment of data centres to boost the growth of the market – Worldwide, data centre budget allocations are rising significantly. The growth of the market is anticipated to the increasing deployment of data centre across the globe. Most companies and government rely on data centres to deliver a business value greater than their cost. 

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Enghouse Video Partners With SONIFI Health To Deliver Advanced Telehealth Solutions In Hospital Rooms

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MARKHAM, ON, April 25, 2024 /PRNewswire/ — Enghouse Video, a global leader in cutting-edge video technology solutions, today announced its partnership with SONIFI Health, enhancing virtual care in hospital settings.

SONIFI Health is a leading U.S. healthcare technology company based in Sioux Falls, South Dakota. The new partnership leverages and integrates Enghouse Video room systems technology to support SONIFI Health’s commitment to expanding telehealth applications and system optimizations in hospital settings.
Enghouse’s VidyoRooms solution, a sophisticated video conferencing technology that combines both software and hardware solutions, has been fully integrated into SONIFI Health’s interactive TV systems. This integration provides up to 4K high-quality video conferencing, multi-party sessions and robust security features that ensure full compliance with healthcare regulations.
Enghouse Video offers an immersive telehealth platform to support collaborative interdisciplinary care, improved patient outcomes and cost savings. The platform is flexible and simple, delivering the reliability, interoperability, and scalability needed for today’s healthcare environment. A key strength of the partnership is its offering of back-end integrations like patient portals, medical devices, EMR, tele-sitting, remote patient observation and consultation.
“Hospitals can choose the telehealth partner that’s right for them, and we incorporate that solution with interactive TV,” said Brian Nido, SONIFI Health’s Vice President of Customer Success. “Using the hardware and systems they already have in patient rooms helps hospitals reduce costs and maximize the value of their existing investments, while benefiting both clinicians and patients.”
SONIFI Health and Enghouse Video continue to collaborate closely to further refine and enhance the telehealth solutions provided to healthcare facilities. This partnership reflects a shared commitment to leveraging technology to create smarter hospital rooms and improve patient care across the healthcare spectrum.
About Enghouse VideoEnghouse Video, part of the Enghouse Interactive division, is a subsidiary of Enghouse Systems Limited, a vertically focused software and services company traded on the Toronto Stock Exchange (TSX: ENGH). Through highly secure, scalable and flexible Cloud-based or On Prem services, we deliver one of the world’s highest quality and most innovative video platform to video-enable any application or idea. From advanced video conferencing and collaboration tools to state-of-art enterprise video management, Enghouse Video is a unique player in multiple markets, including telehealth. Learn more at www.enghousevideo.com, read our blog, or follow us on Twitter at @EnghouseVideo, on LinkedIn, and on Facebook.
About SONIFI HealthSONIFI Health provides market-leading interactive patient engagement technology proven to improve patient outcomes and staff productivity. The EHR-integrated platform is designed to enhance patient and family experiences while increasing staff satisfaction and organizations’ operational efficiencies. As part of SONIFI Solutions, Inc., the company annually supports more than 300 million end user experiences. Learn more at sonifihealth.com.
Enghouse Video Contact: Sylvain Awad, Director, Demand Generation, Enghouse Video, part of Enghouse Interactive Division, [email protected]

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Global Insurance Provider Selects 3CLogic to Streamline AI and Contact Center Capabilities with ServiceNow

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Multinational Insurance Broker to deploy 3CLogic’s solution with ServiceNow’s Financial Service Operations (FSO) platform to streamline customer experiences.
ROCKVILLE, Md., April 25, 2024 /PRNewswire/ — 3CLogic, the leading Conversational AI and Contact Center solution for ServiceNow®, today announced its selection by a global insurance provider to replace its existing contact center infrastructure as part of a larger CX transformation effort. The strategic decision is designed to complement the organization’s use of ServiviceNow’s Financial Services Operations (FSO) offering leveraged across a number of its existing product lines including Customer Warranty Claims, Roadside Assistance, and Home Warranties.

Serving millions of customers worldwide with innovative insurance and protective products, the organization required a solution that would enhance its recent investment in the ServiceNow platform as it works to transform its end-to-end customer service operations. The deployment will incorporate several of 3CLogic’s AI-powered capabilities purpose-built for ServiceNow, including Conversational AI, Speech Analytics, and AI Performance & Coaching, along with integrated call transcriptions, convenient 2-way SMS, and ServiceNow-centralized contact center reporting.
“We continue to see enterprises eager to complement their existing investment in digital platforms, such as ServiceNow, with contact center features purpose-built to extend the workflows and features they already have and use,” explains Matt Durkin, VP of Global Sales at 3CLogic. “It’s no secret that organizations are already juggling too many systems, often with overlapping capabilities, which impacts ROI and operational efficiency. We’re proud to offer an alternative approach that helps simplify the technology stack while optimizing the overall operational costs and outcomes.”
Recently named to Constellation Research’s 2024 Shortlist for Digital Customer Service and Support, 3CLogic has seen global adoption of its solution by leading enterprises in healthcare, manufacturing, travel, retail, higher education, finance, non-profits, and Managed Service Providers across five continents. As a ServiceNow-certified Technology and Build partner with offerings available for ServiceNow’s IT Service Management, Customer Workflows, HR Service Delivery, and Source-to-Pay solutions, the company will be unveiling its latest set of capabilities at ServiceNow’s annual Knowledge 2024 event this May in Las Vegas.
For more information, please contact [email protected].
About 3CLogic3CLogic transforms customer and employee experiences with its leading Cloud Contact Center and AI solutions purpose-built to enhance today’s leading CRM and Customer Service Management platforms. Globally available and leveraged by the world’s leading brands, its offerings empower enterprise organizations with innovative features such as intelligent self-service, generative and Conversational AI, agent automation & coaching, and AI-powered sentiment analytics – all designed to lower operational costs, maximize ROI, and optimize each interaction across IT Service Desks, Customer Support, Sales or HR Services teams. For more information, please visit www.3clogic.com.
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ScreenPoint Medical Leadership Transition: Pieter Kroese Confirmed as CEO

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Leading Breast AI Company, creator of industry-leading Transpara®, promotes from within for new CEO
NIJMEGEN, Netherlands, April 25, 2024 /PRNewswire/ — ScreenPoint Medical, today announced a significant transition in its leadership as Mark Koeniguer, the current CEO, steps down from his position. Mark served as CEO since 2022 and was instrumental in ScreenPoint’s commercial growth and success over the past 2 years.

 
 
The company’s Board of Directors has appointed Pieter Kroese as the new Chief Executive Officer effective April 25, 2024. Pieter takes the role after serving as COO of ScreenPoint for over five years. During that time, he has managed the transition of the company from an early startup to a thriving enterprise with hundreds of customers using ScreenPoint’s flagship Transpara software to support millions of scans a year.
“I am thrilled to lead ScreenPoint into its next phase of growth and innovation,” said Mr. Kroese. “I am deeply committed to building upon the strong foundation we have and continuing to work closely with our talented team to drive continued success. We are already expanding screening capacity and capability through proven reader support – we look forward to increasing our ability to support providers and women moving forward.”
Sir Michael Brady, Chairman of the Board at ScreenPoint Medical and a co-founder of the company, expressed enthusiasm about Pieter’s appointment, stating, “Pieter’s remarkable leadership qualities, coupled with his depth of knowledge of our product and industry, make him the perfect choice to lead ScreenPoint into the future. His strategic mindset and commitment to excellence align perfectly with our company mission of early breast cancer detection. Pieter has been an integral part of our growth to date and will provide seamless leadership through this transition into our next chapter for our customers, partners, and team.”
Author of “No Longer Radical” and over a hundred peer-reviewed publications on breast imaging, Dr. Rachel Brem is a Transpara user and ScreenPoint Board Member. Dr. Brem welcomed Mr. Kroese with the following: “Pieter has been an integral part of the ScreenPoint team for years. I am confident that his leadership will continue to deliver product excellence: earlier detection with outstanding reading workflow and improved patient outcomes. We continue to see these results from clinical sites all over the world, including many here in the United States. No other Breast AI solution has demonstrated the same results as Transpara, and I am confident that the team will continue to push on these frontiers under Pieter’s leadership.” 
The entire team at ScreenPoint extends its gratitude to Mark Koeniguer and wishes him every success in the future, while warmly welcoming Pieter Kroese into his new role as CEO.
About ScreenPoint Medical
ScreenPoint Medical translates cutting edge machine learning research into technology accessible by radiologists to improve screening workflow, decision confidence and breast cancer risk assessment. Transpara is trusted by radiologists globally because it has been developed by experts in machine learning and image analysis and updated with user feedback from world-renowned breast imagers.
See all the proof at: https://screenpoint-medical.com/evidence.
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