About Aerospace & Defense Business Software and Services
Aerospace and defense software is designed for manufacturing organizations, military operators, independent MROs, and fleet operators to perform various tasks. Digital transformation in the A&D industry helps organizations with smooth integrated process and business operations. The software helps manufacturers to manage inventory, supply chain, sales, and other business functions to boost the process and execute programs on time at a low cost and survive in the relentless competition. The companies also offer business services to the A&D manufacturers and service providers such as service parts management, predictive maintenance, and fleet management services.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Aerospace & Defense Business Software and Services market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
SAP (Germany), HCL Technologies (India), IFS (Sweden), IBM (United States), Accenture (Ireland), Wipro (India), DXC Technology (United States), Infor (United States), DXC Technology (United States), NI (United States), QuEST Global (Singapore), MSC Software (United States), Dassault Systèmes (France) and EDGE Group (United Arab Emirates) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Aerospace & Defense Business Software and Services market by , Application (Supply Chain Management, Inventory Management, Fleet Management and Others) and Region.
On the basis of geography, the market of Aerospace & Defense Business Software and Services has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Software will boost the Aerospace & Defense Business Software and Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. Cloud will boost the Aerospace & Defense Business Software and Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-user, the sub-segment i.e. Aerospace & Defense Manufacturers will boost the Aerospace & Defense Business Software and Services market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Focus on Research & Development of Modern Techniques and Innovative Technologies and Use of AI and Machine Learning in the Software
Market Growth Drivers:
Rapid Adoption of Advanced Technologies to Reduce Operational Cost and Digital Transformation and Government Spending in the Defense Sector and Increasing Demand from Aerospace & Defense Manufacturers
Challenges:
Increasing Need to Provide More Value-Based Services to Demanding Customers and Manufacturing According To Government Regulations
Restraints:
Growing Security Concerns Due to Increasing Cyberattacks in the Aerospace and Defense Industry
Opportunities:
Increased Demand for Cloud-based Solutions by Users
Market Leaders and their expansionary development strategies
In February 2021, EDGE Group signed a contract with SAP to accelerate the digital transformation. With this collaboration, the company will streamline its business processes and gain complete visibility and transparency. With SAP’s digital platform, Edge Group will leverage the power of data using AI, machine learning, and RPA across its operation and become an intelligent enterprise to set a new global benchmark in its field.
In January 2023, Lockheed Martin Corporation and SAP SE announced an expansion of their strategic relationship to transform mission-critical business systems supporting Lockheed Martin's OneLM innovation program. 1LMX is an industry-leading business and digital transformation effort that enhances Lockheed Martin's speed, agility, insight, and competitiveness.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Aerospace & Defense Business Software and Services Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.