DUBLIN, June 22, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Aviation Analytics Market by End-User, Business Function, Application - Global Forecast to 2021" report to their offering.
The aviation analytics market is projected to grow from USD 2.16 Billion in 2016 to USD 4.23 Billion by 2021, at a CAGR of 14.38% from 2016 to 2021.
The market exhibits a lucrative growth potential in the coming years, primarily driven by real-time analytics and competitive intelligence. High adoption of analytics in the aviation industry help organizations reduce costs, increase profitability & revenue, and improve performance & maintenance. The market has been segmented based on application, business function, end user, and region.
The APAC region is expected to exhibit the highest growth rate in the aviation analytics market, during the forecast period from 2016 to 2021. The region has been witnessing strong growth in aviation industry over the past few years, mainly driven by improvement in operational efficiency, increasing consumer expectations, and the growing pressure of reducing costs across regions. This growth can also be attributed to the increasing middle class population coupled with growth in trade and tourism in emerging countries such as India and China.
The aviation industry analyses and generates insights from various data formats, such as text, video, speech, and images for their businesses. A variety of data models exist for different types of business needs. These data models are integrated with specific types of analytical solutions. The management often lack knowledge on how to analyze the varied dataset generated in order to make their strategic decisions because of the complexity involved in the entire process.
Key players profiled in the aviation analytics market report include IBM Corporation (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), General Electric (U.S.), SAS Institute (U.S.), Ramco International (India), Mu-Sigma (U.S.), Mercator (U.S.), Aviation Analytics (U.K.), Airport Analytics (U.K.) among others.
IBM is an eminent player in the analytics market and enjoys unquestionable leading status in the analytics solutions market. It holds many analytics patents and offers various analytics solution that includes aviation analytics to meet the diverse needs of its clients. Also, Oracle Corporation has increased the adoption of cloud-based software which involves integrating its own products such as Oracle Fusion in aviation analytics market. The company intends to offer most of its product offerings through cloud-based platform in market.
This research report categorizes the aviation analytics market into the following segments and subsegments:
- By Application
- - Fuel Management
- - Flight Risk Management
- - Revenue Management
- - Customer Analytics
- - Navigation Services
- - Inventory Management
- By Business Function
- - Finance
- - Operations
- - Maintenance & Repair
- - Sales & Marketing
- - Supply Chain
- By End User
- - Airlines
- - Airports
Target Audience for this Report:
- Application Design and Software Developers
- System Integrators
- Airports, Airlines, MROs and Aircraft Manufacturers
- IT Service Providers
- Consulting Service Providers
- Managed Service Providers
- Market Research and Consulting Firms
- Cloud Service Providers
- Airport Analytics (AA+)
- Aviation Analytics Ltd
- Booz Allen Hamilton
- Financial Highlights of the Major Players in the market
- General Electric
- IBM Corporation
- MU Sigma
- Oracle Corporation
- Ramco International
- SAP SE
- SAS Institute
For more information visit http://www.researchandmarkets.com/research/xblwx5/aviation
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