Airport Digitization Market Growing at 7.26% CAGR during 2017 to 2021

The airport digitization market focuses on the solutions provided directly or indirectly to the passengers in an airport. These services optimize the transfer or transit of the passenger through an airport with the aid of a network of physical devices, sensors, and machines integrated into a common framework through the Internet for effective data communications.

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The analysts forecast global airport digitization market to grow at a CAGR of 7.26% during the period 2017-2021. This report covers the present scenario and the growth prospects of the global airport digitization market for 2017-2021. To calculate the market size, the report considers the new installations, shipments, sales, volume, value and retrofit, spares and aftermarket services.

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

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The latest trend gaining momentum in the market is evolution of mobile-based applications. Smartphones have gained dominance worldwide over the past 4-5 years and will see a steady growth rate with global shipment expected to grow to 1.85 billion in 2020 from close to 1.48 billion in 2016. With this growing smartphone market, developers all around the world, including start-ups, small and medium enterprises (SMEs), and multinational IT companies, have resorted to the development of mobile-based apps. These mobile-based apps incorporate a number of service operations within the airport.

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The following companies as the key players in the global airport digitization market: Cisco Systems, IBM, Microsoft, Siemens, and SITA. Other Prominent Vendors in the market are: Apple, Daifuku, Living PlanIT, Scarabee, and Wind River.

According to the airport digitization market report, one of the major drivers for this market is influence of Big Data. Data about passengers, staff, and operations is growing at an exponential rate. This data can be turned into valuable information and used to improve the operation of aviation businesses by increasing business flexibility while reducing operational risks, and to provide value-added services to passengers. Big Data is helpful in gathering data and converting it into information that can be used to make decisions with respect to the expected passenger or baggage flow in the form of smart passenger guidance and baggage tracking devices.

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