Global Aviation Analytics Market is Expected to Reach $7,396 Million by 2023

1. Aviation Analytics Market is Expected to Reach $7,396 Million by 2023, With Top Leading Companies such as Oracle Corporation, IBM Corporation, SAS Institute Inc., SAP SE The growth in competition has necessitated the emergence of aviation analytics to satisfy growth in needs of customers. Further, increase in adoption rate of analytics solutions and continuous technological advancements in the aviation industry provides the marketers with immense scope to target their customers and enhance the user experience. Aviation analytics is a computational technology, which provides information or statistics of historical airport operational data, historical flight data, weather forecast, and real-time flight data to the end users. The rise in focus on competitive intelligence and real time analytical solutions is attributable to the increase in aviation analytics budgets in organizations. Moreover, the aviation analytics solutions also play a prominent role owing to its benefits including minimization of revenue leakage, increase in profits, and efficient and effective financial processes, which allow airlines to perform up to ten times better on key performance indicators. Asia-Pacific is expected to grow at a significant pace during the forecast period. Airlines segment led the market in 2016 and is expected to continue to do so in the near future. Furthermore, the customer analytics dominated the overall market and deploy the aviation analytics on a larger scale. Download report sample at: https://www.alliedmarketresearch.com/request- sample/3684?utm_source=as_free Rise in focus on competitive intelligence and real time analytical solutions mainly to increase the productivity of business drive the aviation analytics market. However, factors such as incapability to provide data models according to the need of businesses hamper the aviation analytics market growth to a certain extent. The report focuses on the growth prospects and restraints of the market based on the analysis of regional trends. The study provides Porters Five Forces analysis of the industry to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of new entrants, threat of substitutes, and bargaining power of buyers on the growth of the market. The global aviation analytics market was valued at $2,377 million in 2016, and is projected to reach at $7,396 million by 2023, growing at a CAGR of 17.8% from 2017 to 2023. In 2016, the sales & marketing segment accounted for the highest revenue share in the aviation analytics market. The global aviation analytics market is segmented based on end user, application, business function, components, and geography. Based on end user, it is divided into airlines, airports, and others. Based on application, it is classified into flight risk management, inventory management, fuel management, revenue management, customer analytics, and navigation services. Based on business function, it is categorized into sales & marketing, finance,

2. maintenance, repair and operations, and supply chain. Based on components, the market is bifurcated into service and software. By geography, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA including country level analysis for each region. For purchase enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/3684 The key players operating in the global aviation analytics market 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.