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Global IT Spending in Aviation Industry Market to Grow at a CAGR of 4.42% During the Period 2016 - 2020; Finds New Report

Market Research Reports, Inc. has announced the addition of “Global IT Spending Market in the Aviation Industry 2016 - 2020” research report to their website


Lewes, DE -- (SBWIRE) -- 07/06/2016 -- Report forecast the global IT spending in aviation industry market to grow at a CAGR of 4.42% during the period 2016-2020.

Aviation is a technologically advanced industry and is an early adopter of new solutions and technologies. There is an ongoing effort in aviation to boost operational ef?ciencies while reducing costs. So, IT has become a core component of almost all airport and airline operations, from ticketing to baggage handling to catering.

Modern airlines offer a wide range of services to customers and tenants, and the use of IT helps achieve these targets efficiently. Aviation IT involves monitoring, regulating, and improving airport structures such as airfields, terminals, roadways, people movers, and rails. Such actions ensure the smooth flow of passengers among baggage counters, airplanes, automobiles, rentals, cars, and trucks. The use of IT ensures staff efficiency and enhances the passenger experience inside airport and aircraft premises.

The report covers the present scenario and the growth prospects of the global IT spending in aviation industry market for 2016-2020.

The market is divided into the following segments based on geography:
- Americas

According to the report, a key growth driver is the tracking and tracking ability afforded by IT software. Online tracking and tracing of packages shipped through various courier service companies such as FedEx and DHL have been in the system for years. The trend is now gradually shifting to the aviation industry, especially in the case of civil aviation. By means of new technologies and advanced tracking software, the baggage transfer process has become more transparent and offers many conveniences to passengers. For instance, Delta Air Lines has introduced its Track Checked Bag services that help keep track of passengers' baggage. The airlines scan each bag tag before the commencement of the journey and allows passengers to track their baggage on a real-time basis through the Delta system. Currently, the service is available for domestic flights.

Further, the report states that one challenge that could hamper market growth is the increased complexity and cost of implementation. IT deployment at airports and in aircraft is an expensive process. The price of IT applications includes the cost of licensing, system design and customization, implementation, training, maintenance, and executing upgrades. After purchasing the license for different IT software systems, an airport operator needs an expert for the smooth implementation of the software.

Global IT Spending in Aviation Industry 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global IT spending in aviation industry: Amadeus IT Group, Rockwell Collins, SITA, and Ultra-Electronics Airport Systems.

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.

Market driver
- Tracking and tracing abilities
- For a full, detailed list, view our report

Market challenge
- Increased complexity and cost of implementation
- For a full, detailed list, view our report

Market trend
- Rise of big data analytics
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 63 pages and 17 Exhibit "Global IT Spending Market in the Aviation Industry 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by category, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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