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Aviation Cloud Market worth $12.9 billion by 2029 - Exclusive Report by MarketsandMarkets™


News provided by

MarketsandMarkets

10 Jun, 2024, 14:01 GMT

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CHICAGO, June 10, 2024 /PRNewswire/ -- The Aviation Cloud market is estimated to be USD 6.1 billion in 2024 and is projected to reach USD 12.9 billion by 2029, at a CAGR of 16.1% from 2024 to 2029 according to a new report by MarketsandMarkets™. The push for digital transformation, driven by the pandemic, has fast-tracked the adoption of cloud solutions within the aviation industry, as stakeholders strive to innovate and sustain competitive edges in a swiftly evolving landscape.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=225849784

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Browse in-depth TOC on "Aviation Cloud Market" 
120 – Tables
100 – Figures
150 – Pages

Aviation Cloud Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 6.1 billion

Estimated Value by 2029

$ 12.9 billion

Growth Rate

Poised to grow at a CAGR of 16.1%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Service Model, Deployment Type, End User, Application and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Vendor Lock-in issue

Key Market Opportunities

Incorporation of AI-based cloud analytics solutions for critical functions

Key Market Drivers

Aircraft manufacturers embracing cloud computing services


By service model, the PaaS segment is projected to grow at the second highest CAGR during the forecast period.

Platform as a Service (PaaS) is expected to exhibit the second-highest CAGR in the aviation cloud market, largely due to its unique ability to streamline application development and management for aviation companies. PaaS provides a comprehensive development and deployment environment in the cloud, allowing developers to create, manage, and run applications without the complexity of building and maintaining the infrastructure typically associated with app development. This is particularly advantageous in the fast-evolving aviation industry, where the need to rapidly deploy customized solutions that adapt to changing regulations and market demands is critical.

By deployment type, the public cloud segment is projected to grow at the second highest CAGR during the forecast period.

The public cloud is projected to have the second-highest CAGR in the aviation cloud market, largely attributed to its scalability, cost-efficiency, and ease of access. The public cloud offers airlines and aviation stakeholders a versatile platform without needing heavy upfront investments or ongoing maintenance associated with private cloud infrastructures. This model supports dynamic scaling to handle fluctuating data volumes and user traffic, which is particularly beneficial for handling peak periods in airline operations and ticketing systems. Public cloud providers ensure that their platforms are continually updated with the latest security measures and compliance standards, which is crucial for the data-sensitive aviation industry. The broad accessibility of advanced analytics tools and integration capabilities within the public cloud also facilitates improved operational decision-making and enhanced customer service strategies. Consequently, as the aviation industry increasingly focuses on cost-effective and flexible IT solutions in response to evolving market conditions, the adoption of public cloud services is expected to grow robustly.

By End Users, airports are projected to grow at the second-highest growth rate during the forecast period.

Airports are anticipated to have the second-highest Compound Annual Growth Rate (CAGR) in the aviation cloud market, driven by their increasing reliance on cloud-based solutions to enhance operational efficiencies and passenger experiences. As complex hubs that manage vast amounts of data related to air traffic, passenger flow, and security, airports are turning to the cloud to facilitate real-time data sharing and analytics. This shift enables better decision-making and improved responsiveness to operational challenges. Cloud computing also supports the deployment of integrated systems for baggage handling, security checks, and building management, all while ensuring compliance with stringent aviation security standards.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=225849784

Asia Pacific holds the highest growth rate in the region for the Aviation Cloud market.

The Asia Pacific region is projected to exhibit the highest CAGR in the aviation cloud industry, driven by a combination of rapid economic growth, increasing digitalization, and substantial investments in aviation infrastructure. This region features some of the world's fastest-growing aviation markets, such as China and India, where burgeoning middle classes are fueling a significant increase in air travel. Additionally, governments across the Asia Pacific are aggressively promoting technological advancements, including cloud computing, to modernize and enhance efficiency within the aviation sector. This push is further supported by the growing acceptance of digital solutions for managing complex airport and airline operations to improve passenger experiences and operational efficiencies. The strategic embrace of emerging technologies such as IoT, AI, and big data analytics, integrated with cloud computing platforms, also plays a crucial role in this growth. As a result, the Asia Pacific region is quickly becoming a hotbed for innovation and development in aviation cloud solutions, leading to its expected high CAGR in the market.

Key Players

Major players operating in the aviation cloud companies Lufthansa Group (Germany), Collins Aerospace (US), Adobe (US), Salesforce, Inc. (US), Oracle (US). These key players offer connectivity applicable to various sectors and have well-equipped and strong distribution networks across North America, Europe, Asia Pacific, and Rest of the World.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=225849784

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

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Connected Aircraft Market by Type (Hardware (SATCOM, Data Management Systems, Interface Devices, Software (Fleet Operations, Fleet Monitoring)), Connectivity (In-Flight, Air-To-Air, Air-To-Ground), Platform, and Region- Global Forecast to 2028

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About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra

MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/aviation-cloud-companies.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/aviation-cloud.asp

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