London, 22 January 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Global Airport IT Market 2015-2019, which is expected to grow at a CAGR of 4.48 percent during the forecast period of 2014-2019.
Recently, in many countries airports have started to invest more in IT infrastructure such as hardware, software, and services to help improve efficiency and enhance the passenger experience and safety. Many countries also have plans to expand their existing airports and build new ones to improve their economy and support increasing air traffic.
“There are many greenfield airport projects being developed to cater to the growing air traffic worldwide,” says Faisal Ghaus, Vice President of TechNavio.
“Airports such as the Rajiv Gandhi International Airport at Hyderabad, India and the Bengaluru International Airport in Bengaluru, India are examples of greenfield airports.”
Key Market Drivers
- Increase in Global Air Traffic
- Increased Need for Enhanced BI Solutions
- Need to Improve Passenger Experience
- Increase in Privatization of Airports
- Need to Reduce Operational Costs
Key Market Trends
- Growing Investment in Development of Airports Worldwide
- Emergence of Aerotropolis Concept
- Increase in Development of Greenfield Airports
- Increased Adoption of New Technologies in Airports
Key Market Vendors
- Amadeus IT Group
- INFORM GmbH
- SITA SA
- Ultra Electronics Airport Systems Inc.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
