Published Date: 31-Aug-2022
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According to a new report, published by KBV research, The Global Aviation Analytics Market size is expected to reach $5.6 billion by 2028, rising at a market growth of 11.5% CAGR during the forecast period.
The Sales & Marketing market shows high market share in the Global Aviation Analytics Market by Business Function in 2021; thereby, achieving a market value of $1.5 billion by 2028. It is due to the significant international need for aviation analytics for sales and marketing operations. Data on passenger sales and advertising are jointly gathered by airport management using analytics software. This enables the management to decide more effectively.
The Airports market is experiencing a CAGR of 12% during (2022 - 2028). Real-time data-driven operations are driven by airport analytics to improve operational performance, shorten wait times, and forecast passenger as well as baggage flow. With its sophisticated statistical models, Airport Analytics offers more revenues, better operations, projections, and other factors.
The Services market is generating high revenue in the Global Aviation Analytics Market by Component in 2021; thereby, achieving a market value of $3.9 billion by 2028. Aviation analytics services are in great demand and are being used for many different purposes within the aviation industry. In addition, data from the past and the present could be utilized to identify trends and get insights into the aviation sector.
The Flight Risk Management market would showcase a CAGR of 11.2% during (2022 - 2028). Flight risk models aid in determining which employee profiles are most prone to depart the organization, allowing HR to strategically choose which employees to focus on for retention and which areas to invest in growth prospects. A Flight Risk Assessment Tool is one of the most important elements to create when building a Safety Management System (SMS).
The North America market dominated the Global Aviation Analytics Market by Region in 2021; thereby, achieving a market value of $2.1 billion by 2028. The Europe market is experiencing a CAGR of 11% during (2022 - 2028). Additionally, The Asia Pacific market would showcase a CAGR of 11.9% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of SAP SE, Oracle Corporation, IBM Corporation, General Electric (GE) Co., Ramco Systems Limited, Accelya Group (Vista Equity Partners), SAS Institute, Inc., OAG Aviation Worldwide Limited, IGT Solutions Pvt. Ltd. and Mu Sigma, Inc.
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