The global aviation analytics market is expected to increase at a CAGR of 9.6% from 2022 to 2032 to reach a market value of US$ 7,216.1 million. The market is now valued at US$ 2,887.4 million. The market is growing as a result of increasing demand for data management and travel and tourism. The previous five years, from 2022 to 2032, are expected to see a CAGR of 9.1% for the aviation analytics industry.
Aviation analytics are used by the majority of organizations since they can improve maintenance, profitability, and operational efficiency with these products. By helping companies develop analytical solutions to satisfy future demand, such as customer needs, aviation analytics also enables companies to maximize operating revenue.
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The aviation industry uses aviation analytics solutions for a variety of purposes, including risk management, revenue management, customer analytics, and fuel management.
Enterprises may assess, monitor, and analyze their business goals, risks, and potential future growth with the aid of aviation analytics tools.
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.
Regional analysis for Aviation Analytics Market includes
- Aviation Analytics Market by North America
- US & Canada
- Aviation Analytics Market by Latin America
- Brazil, Argentina & Others
- Aviation Analytics Market by Western Europe
- EU5
- Nordics
- Benelux
- Aviation Analytics Market by Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Aviation Analytics Market by Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASIAN
- Rest of Asia Pacific
- Aviation Analytics Market by Japan
- Aviation Analytics Market in the Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
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