Deerfield Beach, FL -- (SBWIRE) -- 11/07/2016 -- Zion 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.

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Aviation analytic is a computational technology that provides the statistics or information of weather forecasts, historical flight data, real-time flight data, and historical airport operational data to the end-users. This analytic is able to handles structured and unstructured huge data of aviation industry. It is primarily used in airports and airlines sector. It offers fastest result or data on a query and also helps to reduce the cost of fuel.

The aviation analytics market is primarily driven by increasing volume of data generated in the aviation industry. Another important factor that is expected to propel the market of aviation analytics is increasing customer centricity in aviation industry. However, diversity of data models based on business needs is major restraint that may slow down the demand of aviation analytics. Nonetheless, increasing demand for real-time analytics in the aviation industry is expected to offer new opportunities to the major participants during the future years.

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Based on end-user, the global market of aviation analytics is segmented into airports and airlines. Among these two, airlines segment was one of the leading end-users. It accounted for over 60% share of the entire market in 2015. Moreover, it is also expected to continue this trend in near future.

Finance, operations, manufacturing & repair, sales & marketing and supply chain are the major business functions included in the global aviation analytics market. In 2015, finance was the largest business function of aviation analytics market. It accounted over 30% share of the entire market. Operation was the second largest business function for the same year. Moreover, operations and sales & marketing are expected to have promising market growth within the forecast period.

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The global aviation analytics market is segmented on basis of application into fuel management, flight risk management, revenue management, customer analytics, navigation service and inventory management. Among all, flight risk management dominated the global aviation analytics market and it accounted over 25% of share of the entire revenue generated in 2015. Furthermore, revenue management and customer analytics are expected to witness the significant growth during the years to come.

Geographically, North America dominated the market for aviation analytics in 2015. It accounted over 40% share of the entire revenue generated. Asia Pacific is expected to be the fastest growing regional market for aviation analytics owing to the huge investment for aviation analytics. Adoption of computational technology especially in China and India is attributed to the growth in the Asia Pacific region within the forecast period. Moreover, Latin America and Middle East & Africa are expected to have splendid growth due to steady adoption of real time analytics in aviation industry.

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The key players operative in the global aviation 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+).

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