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COVID-19 scaled up the growth of Aviation Analytics Market In-Depth Insights, Growth and Forecast 2026

The market report includes an in-depth analysis of the market players such as IBM Corporation, Oracle Corporation, SAP SE, SAS Institute Inc., Ramco Systems, General Electric, Aviation Analytics Ltd, Mu Sigma, Booz Allen Hamilton Inc., and Mercator.

According to the report published by Allied Market Research, the global aviation analytics market was accounted for $2.35 billion in 2016 and is projected $7.18 billion by 2023, registering a CAGR of 17.5% from 2017 to 2023.

Increased emphasis on competitive intelligence & analytical solutions, high volume of data generated in the aviation industry, and rise in aviation passenger traffic drive the global aviation analytics market. The sales & marketing segment held the largest share in 2018, contributing more than one-fourth of the market. On the other hand, the airlines segment dominated the market in 2016, accounting for more than half of the market.

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Increased emphasis on competitive intelligence & analytical solutions, rise in aviation passenger traffic, high volume of data generated in the aviation industry, and surge in customer-centricity are the major drivers for the global aviation analytics market. However, diversity of data models according to business need and dearth of analytically skilled workforce hamper the market growth. On the contrary, rise in adoption of analytical solutions in the aviation industry and technological advancements are expected to create lucrative opportunities in the near future.

The global aviation analytics market is divided on the basis of end user, application, business function, component, and geography. Based on component, the market is segmented into service and software. The service segment held the largest share in 2016, contributing nearly three-fourths of the market. However, the software segment is projected to register the fastest CAGR of 18.6% during the forecast period.

On the basis of end-user, the market is categorized into airlines, airports, and others. The airports segment is expected to manifest the fastest CAGR of 16.8% during the forecast period. However, the airline’s segment dominated the market in 2016, accounting for more than half of the market.

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Based on business function, the market is bifurcated into sales & marketing, finance, maintenance, repair & operations, and supply chain. The sales & marketing segment held the largest share in 2018, contributing more than one-fourth of the market. However, the supply chain segment is estimated to register the fastest CAGR of 18.7% during the study period.

The global aviation analytics market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across North America held the lion’s share in 2018, contributing more than two-fifths of the market. However, the market across the Asia-Pacific region is projected to portray the fastest CAGR of 20.3% during the forecast period.

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Aviation Analytics Market COVID-19 impact Analysis, Demand, Size and Share Estimation by 2027

According to a new report published by Allied Market Research, titled, “Aviation Analytics Market by Product Type (Carbon Steel, Diamond Edged, Multi Hole Saws, Specialty Hole Saws, and Others), by End-user Industry (Commercial and Domestic), and by Application (Wet Drilling and Dry Drilling) – Global Opportunity Analysis and Industry Forecast, 2020-2023.” The report has offered an all-inclusive analysis of the global aviation analytics Market taking into consideration all the crucial aspects like growth factors, constraints, market developments, top investment pockets, future prospects, and trends. At the start, the report lays emphasis on the key trends and opportunities that may emerge in the near future and positively impact the overall industry growth.

Aviation Analytics Market Sales, Revenue, Price and Growth Rate to 2023 | SAP SE, General Electric, Ramco Systems, Mu Sigma, Aviation Analytics, IBM Corporation, SAS

Key drivers that are propelling the growth of the market included in the report. Additionally, challenges and restraining factors that are likely to curb the growth of the market are put forth by the analysts to prepare the manufacturers for future challenges in advance.

Get detailed COVID-19 impact analysis on the Aviation Analytics:

The report presents in-depth insights into each of the leading aviation analytics end user verticals along with annual forecasts to 2023. The report provides revenue forecast with sales, and sales growth rate of the global Aviation Analytics market. The forecasts are also provided with respect to the product, application, and regional segments of the market. The forecasts are issued to understand the future outlook and prospects of the industry.

The market is evaluated based on its regional penetration, explaining the performance of the market in each regional market covering provinces such as North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Top 10 leading companies in the global aviation analytics market are analyzed in the report along with their business overview, operations, financial analysis, SWOT profile and Aviation Analytics products and services. The key players operating in the global Aviation Analytics industry include Oracle Corporation, IBM Corporation, SAS Institute Inc., SAP SE, General Electric, Ramco Systems, Mu Sigma, Aviation Analytics Ltd, Mercator, and Booz Allen Hamilton Inc.

Latest news and industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures and collaborations, product launches, market expansions etc. are included in the report.

Key Benefits
o The report provides a qualitative and quantitative analysis of the current aviation analytics market trends, forecasts, and market size from 2020 to 2023 to determine the prevailing opportunities.
o Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
o Top impacting factors & major investment pockets are highlighted in the research.
o The major countries in each region are analyzed and their revenue contribution is mentioned.
o The market report also provides an understanding of the current position of the market players active in the aviation analytics industry.

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Highlights of the Report
1. Competitive landscape of the aviation analytics Market.
2. Revenue generated by each segment of the aviation analytics market by 2023.
3. Factors expected to drive and create new opportunities in the aviation analytics industry.
4. Strategies to gain sustainable growth of the market.
5. Region that would create lucrative business opportunities during the forecast period.
6. Top impacting factors of the aviation analytics market.

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