A recent report by market research firm MarketsandMarkets estimates that projected growth in the aviation MRO software market will reach $4.93 billion by 2022 at a compound annual growth rate (CAGR) of 3.85%. The report attributes this growth to the increasing use of MRO software by small-to-medium-sized airlines and MROs, with the highest growth taking place in the Asia-Pacific market. Also expected to grow are the enterprise resource planning (ERP) solution segment and cloud-based software solutions, rather than on-premise solutions.

From new customer agreements to new applications and innovations, here are some of the latest developments within MRO software so far this year.