Market NEWS: The aviation analytics market is estimated at USD 2.16 Billion in 2016, and is projected to reach USD 4.23 Billion by 2021, at a CAGR of 14.38% from 2016 to 2021.
The
report "Aviation Analytics Market
by End-User, Business Function (Finance, Operations, Maintenance & Repair,
Sales & Marketing, Supply Chain) Application (Fuel, Flight Risk, Inventory
& Revenue Management, Customer Analytics, Navigation) - Global Forecast to
2021", Increasing amount of data generated across aviation industry,
along with growing demand for market and competitive intelligence are the
factors driving the growth of the aviation analytics market.
Browse 87 market data tables with 124
figures spread through 179 pages and in-depth TOC on "Aviation AnalyticsMarket - Global Forecast to 2021"
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The
finance segment is anticipated to account the largest share
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The
finance segment dominates the aviation analytics market, by business function.
With the help of the historically generated dataset attained from various
sources like promotions data, sales data, booking transactions among others,
the analytics team help the companies to segregate their financial aspects
taking into consideration the maximizing revenue strategies. The operations
segment is considered to be the second-largest market in the aviation analytics
market, by business function.
The
customer analytics segment is projected to grow at the fastest CAGR
The
customer analytics segment of the aviation analytics market, by application is
anticipated to grow at the highest CAGR during the forecast period. Innovative
use of the data combined with analytics can uncover crucial insights needed to
satisfy the needs of the customer thereby gaining valuable understanding from
the massive volumes of historical data.
Asia-Pacific
region to witness highest CAGR in Aviation analytics market
The
Asia-Pacific region is expected to experience extensive growth opportunities in
the next few years. Rising demand for advanced analytics which are cloud driven
and cloud supported, has resulted in the increase in demand for analytics
solutions in the region, thereby resulting in increasing investments and
technological advancements across various industries verticals. Fast-growing countries such as China and
India are rapidly moving towards the adoption of analytics solutions. Customer
analytics along with sales & marketing plays a crucial role in the aviation
analytics market in this region.
The
key players operating in the aviation analytics market are IBM Corporation
(U.S.), Oracle Corporation (U.S.), General Electric (U.S.), SAP SE (Germany),
and SAS Institute (U.S.).
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