Zion Market Research has published a new report titled “Aviation Analytics Market for (Airlines and Airports) End-Uses, by Business Function (Finance, Operations, Manufacturing & Repair, Sales & Marketing and Supply Chain) for Fuel Management, Flight Risk Management, Revenue Management, Customer Analytics, Navigation Service And Inventory Management Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021.” According to the report, global demand for aviation analytics was valued at USD 1.90 billion in 2014 is expected to reach USD 4.20 billion in 2020 and is anticipated to grow at a CAGR of 14.30% between 2015 and 2020.
Aviation analytics is a novel analytics system that permits query processing and predictive analytics over stream of big aviation data. It primarily offers solutions or predictions based upon descriptive patterns of massive aviation data. The major end-user of aviation analytics includes airports and airlines industry.
Browse the full“Aviation Analytics Market for (Airlines and Airports) End-Uses, by Business Function (Finance, Operations, Manufacturing & Repair, Sales & Marketing and Supply Chain) for Fuel Management, Flight Risk Management, Revenue Management, Customer Analytics, Navigation Service And Inventory Management Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021” report at http://www.marketresearchstore.com/report/aviation-analytics-market-z67061
information technology advancements in the field of analytics with respect to aviation industry, structured and unstructured data explosion, and rising usage of cloud-based services. Additionally, increasing volume of data generated in aviation industry is expected to drive the demand for aviation analytics. However, diversity of data models based on business needs is likely to hinder the demand for aviation analytics. Furthermore, increasing demand for real-time analytics in the aviation industry may open new avenues for key participants of aviation analytics market.
North American region holds a dominant market share in the global aviation analytics market in 2015. The region leads in the information technology and aviation industries in the world. However, the developed countries in the region such as U.S. and Canada focus on innovations and development through R&D and technological advancements activity. Moreover, strict rules and regulations enforced by government are expected to fuel the demand for aviation analytics over the years.
Browse 81 Market Tables and 47 Figures spread through 140 Pages and an in-depth TOC on “Aviation AnalyticsMarket – Global Size, Shares, Trends, Segment& Forecast to 2020”
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North America was followed by Europe in terms of demand for aviation analytics in 2015. Airlines held the largest market share for aviation analytics in Europe. . Increasing demand in aviation industries especially in Germany and UK coupled with rising usage of cloud-based services is likely to open new opportunities in the region in coming years.
Asia Pacific is expected to be the fastest regional segment for the aviation analytics market within the forecast period. The driving parameter for the exponential growth of the aviation analytics market is the surging growth in aviation industries in emerging economies in India and China. Additionally, shifting preference towards analytics solutions for aviation industry coupled with rapid growth of Asian low-cost carriers, which is expected to help to make air travel much more affordable in Asia in near future.
Strong support from government and huge investment for advancing technology in aviation industry is a major driving factor that are expected to increase the new employment growth, value-added contribution to national GDP, the creation of industry clusters around aviation and aerospace industries in the region. Hence, Latin America and Middle East & Africa region are projected to face lucrative demand for aviation analytics due to strong demand in the region during years to come.
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Some of the major participants operative in the global aviation analytics market includes IBM Corporation, Oracle Corporation, SAP SE, General Electric, SAS Institute, Ramco International, Booz Allen Hamilton, MU -Sigma, Mercator, Aviation Analytics Ltd and Airport Analytics (AA+).
This report segments the aviation analytics market as follows:
Aviation Analytics Market: End-User Analysis
Aviation Analytics Market: Business Function Analysis
- Supply Chain
- Maintenance & Repair
- Sales & Marketing
Aviation Analytics Market: Application Analysis
- Fuel Management
- Flight Risk Management
- Revenue Management
- Customer Analytics
- Navigation Services
- Inventory Management
Aviation Analytics Market: Regional Segment Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- Rest of Middle East & Africa
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