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Industry research analysts at Technavio have predicted that the global IT spending market in the aviation industry will grow steadily at a CAGR of around 4% by 2020. The rise in passenger volumes and persistent terrorist threats have induced aviation operators to invest heavily in advanced security technologies such as access control, passenger security, and IT security. Additionally, international and domestic aviation legislations enforced by organizations also mandate the installation of airport security measures. The exponential increase in passenger volumes has also increased the need for faster passenger processing at airports that further increases airline operator investments towards implementing advanced IT solutions.
Business intelligence (BI) plays a significant role in the aviation industry and assists in improving processes such as in-airport operations, airport resource management, and passenger flow monitoring. Business intelligence helps airline enterprises gain exposure to various kinds of important business data and also helps the management to access and analyze data from various sources and make important business decisions. To derive powerful actionable insights about passengers and staffs, airports, and airlines have started spending a large portion of their revenue on business intelligence technology as it will help them to augment their revenue generating capacity.
During 2015, the software segment dominated the IT spending market in the aviation industry and accounted for about 38% of the total market share. The rise in demand for air transport will consequently increase the interest of aviation operators to adopt latest software solutions to meet the growing customer demand for more efficient and safer services.
According to this market analysis, the Americas accounted for about 47% of the global IT spending market in the aviation industry and dominated this market during 2015. Factors such as the rise in spending on international expansion and modernization programs and increased investments to adopt effective technological solutions and infrastructure will fuel the growth of the market in this region.
Due to the presence of several large and small players, the aviation industry appears highly fragmented. The forecast period is expected to witness the entry of several new vendors, which will, in turn, intensify the level of competition in the market. Vendors focus on differentiating themselves from the competition by offering innovative, cost-effective, and outcome-based solutions and are constantly looking for ways to increase their market share through partnerships and strategic acquisitions.
The leading vendors in the market are -
Other prominent vendors in the market are AirIT, Atos, Capgemini, Damarel Systems, INFORM, Lockheed Martin, NEC, Northrop Grumman, PASSUR Aerospace, RESA, Saab Sensis, Siemens, and TravelSky Technology.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by category
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: Explore Technavio
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