Global Aviation Analytics Market was valued US$ 2.76 Bn in 2017 and is expected to reach US$ 7.62 Bn by 2026, at a CAGR of 13.54% during a forecast period.
Aviation analytics solutions used across the aviation industry for different applications such as fuel management, customer analytics, revenue management, and risk management. Aviation analytics allows the enterpriser to measure, monitor and analyze their business goals, risk, and future growth of the enterprise.
Increasing emphasis on jet fuel management, growing demand for real-time analytics in the aviation industry, and rising centricity in the aviation industry is driving the aviation analytics market in a positive manner. However, the lack of availability of suitable analytical skills is impeding the growth of the market.
The booming demand for real-time analytics in the aviation industry is creating tremendous growth opportunities for the market.
Finance segment leads the aviation analytics market. The historically generated dataset from different sources like sales data, promotions data, booking transactions helps the analytics team to segregate their financial aspects. It will also help them for taking consideration for the maximizing revenue strategies.
North America is estimated to account for a significant portion of market share owing to growing consumer expectations, rising pressure of reducing costs and improvement in operational efficiency. Moreover, Asia-Pacific is the fastest developing regional market for aviation analytics market owing to rapid transfer towards the adoption of analytics solutions by China and India.
Some of the key players in the global aviation analytics market are IBM Corporation, Oracle Corporation, SAP SE, General Electric, SAS Institute, DXC Technology General Electric, Ramco International, Booz Allen Hamilton, MU -Sigma, Wipro, Mercator, Cuttingedge Aviation Analytics, Aviation Analytics Ltd, and Airport Analytics (AA+).
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