Beyond a set of challenges (complexity involved in the entire process) related to lack knowledge from the Management on how to analyze the varied dataset generated in order to make their strategic decisions, the market is on an exciting curve.
According to Research and Markets, the aviation analytics market is projected to
grow from USD 2.16 Billion in 2016 to USD 4.23 Billion by 2021, at a CAGR of
14.38% from 2016 to 2021.
Overall, the market is primarily driven by real-time
analytics and competitive intelligence.
For those who are unfamiliar, high adoption of analytics in the aviation
industry helps organizations reduce costs, increase profitability & revenue,
and improve performance & maintenance.
The APAC region is expected to exhibit the highest growth rate in the
aviation analytics market, during the forecast period from 2016 to 2021, according
to Research and Markets.
The firms also reveals that, the aviation industry analyses and generates
insights from various data formats, such as text, video, speech, and images for
their businesses.
Among key
vendors, we
have: Airport Analytics (AA+),
Aviation Analytics Ltd, Booz Allen Hamilton, IBM Corporation, etc.