Press release
Aviation Cloud Market Survey Detailed Analysis and Forecast 2024-2031
According to the latest research by InsightAce Analytic, the Global Aviation Cloud Market is valued at US$ 5.62 billion in 2023, and it is expected to reach US$ 16.65 billion by 2031, with a CAGR of 14.7% during the forecast period of 2024-2031.
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The term aviation cloud computing describes how cloud-based technologies are integrated and used in the aviation sector to improve data management, increase operational efficiency, and offer scalable and adaptable IT solutions. This method makes use of cloud infrastructure to handle massive volumes of data produced by many aviation-related activities, such as maintenance, air traffic control, flight operations, passenger services, and more. The growing need for improved passenger experience, cost reduction, and operational efficiency is propelling the aviation cloud market's rise to prominence. Cloud computing in the aviation industry involves the storage, management, and processing of important data using servers located elsewhere on the Internet rather than using local servers or desktop computers. The need for increased operational efficiency is one of the main drivers propelling the aviation cloud market. Airports and airlines are under continuous pressure to streamline operations in order to save expenses and boost revenue.
List of Prominent Players in the Aviation Cloud Market:
• Amazon Web Services, Inc.
• Microsoft
• IBM
• Oracle
• SAP Se
• Salesforce, Inc.
• Adobe
• DXC Technology Company
• NEC Corporation
• Sita
• Wipro
• Collins Aerospace
• Amadeus It Group Sa
• Lufthansa Group
• Tav Technologies
• A-Ice
• Aerocloud Systems Ltd.
• Infor
• Cirrox
• Veryon
• Cloudflight
• IFS
• Epicor
• Materna IPS Gmbh
Market Dynamics:
Drivers-
The aviation cloud market is expanding as a result of the industry's growing need for data-driven decision-making and operational efficiency. Cloud computing gives airlines and airports the infrastructure and tools they need to optimize everything from flight scheduling to maintenance and customer service. Real-time analytics and smooth data integration are made possible by this technology, and they are essential for handling intricate logistics and enhancing passenger experiences. Moreover, cloud services' scalability enables aviation companies to dynamically modify resources in response to demand, improving overall operational flexibility and lowering IT infrastructure costs.
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Challenges:
Data security and privacy issues are among the main things holding back the aviation cloud market. Sensitive data, such as flight plans, maintenance records, and passenger information, is handled by the aviation sector on a large scale. Concerns regarding possible hacks, illegal access, and breaches are raised by moving this data to cloud services. The possibility of cyberattacks continues to be a major deterrent to using cloud solutions, even with improvements in security measures. The high initial cost and integration difficulties of implementing cloud solutions are major barriers to the growth of the aviation cloud market. A significant amount of capital is needed to implement cloud infrastructure, including software licenses, data migration, staff training, and continuing maintenance.
Regional Trends:
The North American aviation cloud market is anticipated to register a major market revenue share. Leading cloud computing businesses and major aviation corporations lead a robust ecosystem of technological innovation that benefits the region. This makes it easier for new technology to be quickly adopted and integrated throughout the aviation industry. Airlines and airports in North America heavily rely on cloud technologies due to the great priority placed on improving customer experience and operational efficiency. Furthermore, the region's strict data protection and safety rules require reliable cloud-based solutions that adhere to these standards, which will propel market expansion. Cloud computing solutions that can maximize resource efficiency and lessen environmental effects are also encouraged by the aviation industry's proactive commitment to sustainability. North America leads the aviation cloud industry in part due to these factors.
Recent Developments:
• In June 2024, SAP Thailand made an official announcement. Bangkok Airways Public Company Limited ("BA") has selected RISE with SAP. The purpose is to improve operational efficiency and adaptability, gain a competitive edge through advanced technologies, and transform IT resource management.
• In May 2023, Qatar Airways and Google Cloud partnered to work together on data and artificial intelligence (AI) projects. Google Cloud and Qatar Airways investigated the potential use of Google Cloud's data analytics and artificial intelligence (AI) capabilities.
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Segmentation of Aviation Cloud Market-
By Deployment Type-
• Public Cloud
• Private Cloud
• Hybrid Cloud
By Service Model-
• IaaS
• PaaS
• SaaS
By End User-
• Airports
• Airlines
• OEMs
• MROs
By Application-
• Flight Operations
• Passenger Service
• Maintenance & Management Systems
• Supply Chain Management
• Data Analytics And Business Intelligence
• Cargo Management & Baggage Handling
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.https://www.insightaceanalytic.com/images_data/148861653.JPG
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