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Global Aviation Analytics Market is expected to Thrive at 15.2% CAGR over the Forecast Period - Research Nester
The global aviation analytics market is segmented into applications such as fuel management, flight risk management, revenue management, customer analytics, navigation services and inventory management segment. Among these segments, fuel management segment is expected to occupy top position in overall aviation analytics market during the forecast period. Factor such as, real time analytical solutions mainly to increase the productivity of business are anticipated to drive the future adoption of the aviation industry.
Global Aviation Analytics Market is expected to flourish at a significant CAGR of 15.2% during the forecast period. Factors such as continuous growth in the volume of data generated in aviation industry are driving the growth of the aviation analytics market. Moreover, the global aviation analytics market is expected to garner noteworthy revenue by the end of 2024.
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North America dominated the overall aviation analytics market and is expected to continue its dominance over the forecast period. Further, increasing improvement in operational efficiency is expected to accelerate the growth of global aviation analytics market in North America. Asia Pacific aviation analytics market is anticipated to witness robust growth during the forecast period. The growing trade and tourism trend is anticipated to contribute to the growth of the aviation analytics market. Apart from this, rising emphasis on improving operational efficiency and reducing cost are believed to positively impact the growth of the aviation analytics market in Asia Pacific.
Increase in Emphasis on Competitive Intelligence and Analytical Solutions
Participants of the aviation analytics market are increasingly concentrating on competitive intelligence and real-time analytical solutions which are expected to provide robust growth to the global aviation analytics market in the upcoming years. Factors such as, increasing revenue and cost saving is anticipated to witness significant growth of the aviation analytics market over the forecast period.
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Increasing Aviation Passenger Traffic
Factor such as, continuous increase in passenger traffic generate massive amount of data and participants of the aviation industry due to which there is increase in growth to the global aviation analytics market. Increasing use of analytical solution for many factors such as predicting customer preferences, reducing operational cost and managing fuel cost are believed to positively impact the growth of the aviation analytics market. However, lack of availability of the analytical skills is likely to dampen the growth of aviation analytics market during the forecast period.
The report titled “Aviation Analytics Market: Global Historical Growth (2012-2016) & Future Outlook (2017-2024) Demand Analysis & Opportunity Evaluation” delivers detailed overview of the global aviation analytics market in terms of market segmentation by application, by end user, by business function, and by region. Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global aviation analytics market which includes company profiling of Oracle Corporation, IBM Corporation, General Electric, SAS Institute, Ramco International, Booz Allen Hamilton, SAP SE, Aviation Analytics Ltd., Mu-Sigma, DXC Technology. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global aviation analytics market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.
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