From 2022 to 2032, the market for aviation analytics market is projected to grow at a CAGR of 9.6% and reach US$ 7216.9 million. At this time, the market is worth US$ 2887.4 million.
27 Aviation analytics solutions are used by the aviation sector for many different things, such as risk management, revenue management, customer analytics, and fuel management.
Because these products improve their maintenance, profitability, and operational effectiveness, the majority of businesses use aviation analytics. Aviation analytics also assists businesses to maximise operating revenue by assisting them in the development of analytical solutions to meet future demand, such as customer needs.
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Aviation analytics solutions assist businesses in measuring, monitoring, and analyzing their objectives, risks, and potential future growth.
Aviation Analytics Market: Drivers and Challenges
Presently, the vendors of the aviation analytics market are focusing on intelligence and analytics solutions to boost the profitability of their business owing to this it is turning to be the major factor driving the aviation analytics market. The growing emphasis on jet fuel management is another factor driving the demand in the aviation analytics market.
Moreover, increasing demand for real-time analytics in the aviation industry is positively driving the aviation analytics market. Additionally, increasing centricity in the aviation industry is also one of the major factors driving the aviation analytics market.
The major challenge faced by the vendors of the aviation analytics market is due to the lack of availability of suitable analytical skills.
Aviation Analytics Market: Key Players
Some of the key players in the aviation analytics market are IBM Corporation, Oracle Corporation, SAP SE, General Electric, Aviation Analytics Ltd. SAS Institute, Ramco International, Mu-Sigma, and Booz Allen Hamilton.
Aviation Analytics Market: Regional Overview
Based on geography, the aviation analytics market can be segmented into seven key regions namely North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and the Middle East & Africa. Among various regions, the aviation analytics market in North America is expected to dominate during the forecast period owing to the high adoption of industrial aviation analytics by medium and large size enterprises to improve their operational performance. North America region is expected to be followed by Western Europe and APAC.
In Europe and Asia Pacific region, the market of aviation analytics is growing gradually owing to less awareness and adoption of aviation analytics by enterprises.
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Key Segments Covered in the Aviation Analytics Industry Analysis
By End User:
- Airlines
- Airports
By Verticals:
- Finance
- Operations
- Sales & Marketing
- Maintenance & Repair
- Supply Chain
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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